Total Holdings
80
As of Feb 22, 2026
First Trust Flexible Municipal High Income ETF
MFLXNASDAQFirst TrustFixed Income
$16.11Today:- (-)1Y −5.84%
As of Oct 16, 2026 close
- Assets (AUM)
- $20.03M
- Expense ratio
- 0.75%
- Dividend yield
- 4.82%
- Holdings
- 80
- 52-week range
- $15.57$17.95
- Volume (live)
- -
- Avg. volume (3M)
- 5.85K
MFLX ETF Holdings: First Trust Flexible Municipal High Income ETF
Every listed position with its portfolio weight, plus sector breakdown and geographic exposure for this Fixed Income ETF. Analyze fund diversification and concentration.
Top 10 Holdings
5.6%
Share of fund assets
Assets (AUM)
$20.03M
Total fund assets
Expense Ratio
0.75%
Annual management fee
Portfolio Allocations
Distribution breakdown by sector, asset type, and geographic region. Understand the fund's diversification strategy across markets and asset classes.
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Top 17 of 80 MFLX Holdings by Portfolio Weight
Holdings as of Feb 22, 2026. Ticker, name, asset type and portfolio weight for each position. Fund disclosures available to us list the largest 17 positions.
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| # | Symbol | Name | Type | Weight |
|---|---|---|---|---|
| 1 | NEA | Nuveen AMT-Free Quality Muni Inc | Cash | 0.96% |
| 2 | NVG | Nuveen AMT-Free Municipal Credit Income Fund | Cash | 0.68% |
| 3 | MMU | Western Asset Managed Municipals Portfolio | Cash | 0.64% |
| 4 | BLE | BlackRock MIT II | Stock | 0.62% |
| 5 | MYI | BlackRock MuniYield Quality Fund III, Inc. | Cash | 0.61% |
| 6 | NZF | Nuveen Municipal Credit Income Fund | Cash | 0.47% |
| 7 | VGM | Invesco Trust For Inv Grade Munis | Stock | 0.46% |
| 8 | NAD | Nuveen Quality Muni Income Fund | Cash | 0.44% |
| 9 | IQI | Invesco Quality Municipal Income Closed Fund | Stock | 0.42% |
| 10 | EVN | Eaton Vance Municipal Income Closed Fund | Stock | 0.33% |
| 11 | BFK | BlackRock Municipal Income Closed Fund | Stock | 0.27% |
| 12 | MQT | BlackRock MuniYield Quality II | Cash | 0.26% |
| 13 | VKQ | Invesco Municipal Trust | Stock | 0.20% |
| 14 | MHD | BlackRock MuniHoldings Fund Inc | Cash | 0.19% |
| 15 | VMO | Invesco Municipal Opportunity Trust | Stock | 0.15% |
| 16 | MQY | BlackRock MuniYield Quality | Cash | 0.12% |
| 17 | BYM | BlackRock Municipal Income Quality Closed Fund | Stock | 0.10% |
Source: Fund holdings disclosures. Data as of Feb 22, 2026. Data sources and methodology
Frequently Asked Questions About First Trust Flexible Municipal High Income ETF Holdings
What are the top holdings in MFLX?
As of Feb 22, 2026, First Trust Flexible Municipal High Income ETF (MFLX) holds 80 securities. The largest are Nuveen AMT-Free Quality Muni Inc (0.96%), Nuveen AMT-Free Municipal Credit Income Fund (0.68%), Western Asset Managed Municipals Portfolio (0.64%). The holdings table lists each position by portfolio weight with its ticker, name and asset type.
How concentrated is MFLX's portfolio?
As of Feb 22, 2026, the 10 largest positions make up 5.6% of MFLX's assets. A concentrated portfolio has fewer large positions with higher individual weights, while a diversified portfolio distributes holdings more evenly.
What is MFLX's sector allocation?
The Sector Allocation chart shows how MFLX distributes investments across different industries like Technology, Healthcare, Financials, and more. This sector exposure helps understand the fund's industry diversification strategy.
What countries does MFLX invest in?
MFLX's geographic exposure is shown in the Countries tab under Portfolio Allocations. This reveals the fund's international diversification and exposure to different regions and global markets.
How diversified is MFLX ETF?
MFLX's diversification can be assessed by reviewing its 80 holdings (as of Feb 22, 2026), sector allocation, and geographic exposure. A well-diversified ETF spreads investments across multiple securities, sectors, and regions to reduce concentration risk.