MFLX
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First Trust Flexible Municipal High Income Etf
16.565
-0.005 (-0.03%)
Last Update: 01 Jul 2025 23:00:00
Yesterday: 16.57
Day's Range: 16.555 - 16.575
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When Written:
16.572
The First Trust Flexible Municipal High Income ETF (ticker symbol: FMB) is an exchange-traded fund that seeks to provide high current income exempt from federal income tax by investing in a diversified portfolio of municipal bonds. The ETF is managed by First Trust Advisors, L.P.
The ETF invests primarily in investment-grade municipal bonds, but may also invest in high yield municipal bonds and other debt securities. The portfolio is actively managed and may adjust its holdings based on market conditions and interest rate movements.
As of June 30, 2021, the ETF had a total net asset value of approximately $1.7 billion and held over 1,200 municipal bond positions. The ETF has a distribution yield of 2.72% and an expense ratio of 0.46%.
Investors in the First Trust Flexible Municipal High Income ETF may benefit from the tax-exempt income generated by the municipal bonds held in the portfolio, as well as the diversification and professional management provided by the ETF structure. However, like all investments, the ETF carries risks, including the risk of default by the issuers of the bonds held in the portfolio, interest rate risk, and market risk. Investors should carefully consider their investment objectives and risk tolerance before investing in the ETF.
Note: This message is generated by artificial intelligence; it does not guarantee the accuracy of the information it contains and should not be considered as investment advice.
The ETF invests primarily in investment-grade municipal bonds, but may also invest in high yield municipal bonds and other debt securities. The portfolio is actively managed and may adjust its holdings based on market conditions and interest rate movements.
As of June 30, 2021, the ETF had a total net asset value of approximately $1.7 billion and held over 1,200 municipal bond positions. The ETF has a distribution yield of 2.72% and an expense ratio of 0.46%.
Investors in the First Trust Flexible Municipal High Income ETF may benefit from the tax-exempt income generated by the municipal bonds held in the portfolio, as well as the diversification and professional management provided by the ETF structure. However, like all investments, the ETF carries risks, including the risk of default by the issuers of the bonds held in the portfolio, interest rate risk, and market risk. Investors should carefully consider their investment objectives and risk tolerance before investing in the ETF.
Note: This message is generated by artificial intelligence; it does not guarantee the accuracy of the information it contains and should not be considered as investment advice.
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