# First Trust Flexible Municipal High Income ETF (MFLX) — Overview

MFLX · NASDAQ · Fund

Canonical page: https://www.lighthorse.io/tickers/mflx

## Price

Last close $16.14 on Oct 15, 2026. 52-week range $15.70 – $17.43.

## Fund profile

MFLX is an actively managed fund that invests in tax-exempt US municipal bonds of any maturity and credit quality. The fund's objective is to provide current income.

| Metric | Value |
| --- | --- |
| Issuer | First Trust Advisors L.P. |
| Industry | — |
| Inception | Sep 27, 2016 |
| Assets under management | $20.1M |
| Expense ratio | 0.49% |
| Net asset value | $16.05 (as of Oct 14, 2026) |
| Distributions | Monthly |
| Leverage | 1x |

## Frequently Asked Questions

### What is First Trust Flexible Municipal High Income ETF (MFLX)?

MFLX is an actively managed fund that invests in tax-exempt US municipal bonds of any maturity and credit quality. The fund's objective is to provide current income.

### What is MFLX's expense ratio?

First Trust Flexible Municipal High Income ETF charges an annual expense ratio of 0.49%. The fund is issued by First Trust Advisors L.P..

### How large is MFLX?

First Trust Flexible Municipal High Income ETF manages $20.1M in assets and has traded since Sep 27, 2016.

### How do I buy shares of First Trust Flexible Municipal High Income ETF (MFLX)?

MFLX trades commission-free with a Light Horse Securities brokerage account — from the mobile app, the web at [Light Horse Dashboard](https://portal.lighthorse.io), the trading API, or an [AI agent connected over MCP](/instructions/ai/claude). The trade panel on this page places the order once you are signed in.

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Quotes and charts are not real-time and must not be relied on for trade decisions or valuation.

This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.

Data provided by [AInvest](https://www.ainvest.com).