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First Trust Flexible Municipal High Income ETF
MFLX (First Trust Flexible Municipal High Income ETF) is an active Fixed Income ETF by First. With a 0.75% MER, it provides diversified exposure through 67 holdings. Monthly distribution with a 4.00% yield.
MFLX is actively managed by First's investment team, which selects holdings with the goal of outperforming a benchmark index.
With a 0.75% MER, its fees are in line with category averages. It pays a monthly distribution with a 4.00% yield, making it attractive for income-seeking investors.
This ETF is suited for investors seeking stability and capital preservation. It can serve as a defensive component in a diversified portfolio or as a temporary cash parking option.