MFLX ETF

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AUM$18M

TER0.75%

Holdings80

MFLX ETF

$16.89

First Trust Flexible Municipal High Income ETF

AUM$18M

TER0.75%

Holdings80

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Showing top 20 of 80 holdings— Unlock all holdings(as of Dec 31, 2025)

#	Ticker ↕	Name ↕	Weight ↓	Shares ↕	Mkt Value ↕	Share Chg	Sector	Industry
1	OH COLAPT 5.5 01/01/	Columbus Ohio Regl Arpt 5.5 01Jan50	2.96%	500,000	$528.2K	••••••	••••••••	••••••••
2	AL JEFUTL 5.25 10/01	County Of Jefferson Sewer 5.25 2042-10-01	2.73%	450,000	$487.5K	••••••	••••••••	••••••••
3	NY DUTMFH 5 10/01/20	Dutchess Cnty Ny Local Dev Corp N/C, 5%, Due 10/01/2040	1.84%	299,609	$327.5K	••••••	••••••••	••••••••
4	-	Charleston Cnty Sc Arpt Dist 5.25%, Due 07/01/2042	1.83%	300,000	$327.2K	••••••	••••••••	••••••••
5	IN INPGEN 6 03/01/20	Indianapolis In Local Public Impt Bond Bank 6%, Due 03/01/2053	1.76%	300,000	$313.7K	••••••	••••••••	••••••••
6	-	MAINE ST FIN AUTH SOL WST DISP MESPOL 08/35 FIXED 5	1.75%	300,000	$312.1K	••••••	••••••••	••••••••
7	-	Texas Wtr Dev Brd Revenue 5%, Due 10/15/2060	1.75%	300,000	$312.6K	••••••	••••••••	••••••••
8	-	Massachusetts St Dev Fin Agy Rev 5.25%, Due 06/01/2060	1.74%	300,000	$310.7K	••••••	••••••••	••••••••
9	WA SKAMED 5.5 12/01/	Skagit County Public Hospital District No. 1	1.73%	300,000	$308.2K	••••••	••••••••	••••••••
10	-	Erie Pa Swr Auth 5%, Due 12/01/2046	1.73%	300,000	$308.0K	••••••	••••••••	••••••••
11	WI PUBGEN 5 06/01/20	Public Finance Authority Muni Orig Issue Disc	1.72%	300,000	$306.2K	••••••	••••••••	••••••••
12	VT VTSDEV 4 05/01/20	Vermont Economic Development Authority, Mortgage Revenue Bonds, Wake Robin Corporation Project, Series 2021A	1.71%	315,000	$306.0K	••••••	••••••••	••••••••
13	-	Hamilton Cnty Oh Hlth Care Rev 5.25%, Due 01/01/2045	1.71%	300,000	$305.6K	••••••	••••••••	••••••••
14	-	New Hampshire St Business Fin Auth 5.375%, Due 04/01/2049	1.68%	300,000	$300.7K	••••••	••••••••	••••••••
15	IA IASGEN 12/01/2050	Iowa St Fin Auth Midwstrn Disa Iowa Finance Authority	1.63%	250,000	$290.8K	••••••	••••••••	••••••••
16	-	Kissimmee Charter Academy 6.5% 06-15-54	1.57%	275,000	$280.9K	••••••	••••••••	••••••••
17	TX TMGUTL 01/01/2054	Texas St Muni Gas Acquisition & Sply Corp Iv Variable Rate, Due 01/01/2054	1.56%	250,000	$278.6K	••••••	••••••••	••••••••
18	SC PEGUTL 02/01/2054	Patriots Energy Group Fing Agy 5.25 02-01-2054	1.52%	250,000	$270.8K	••••••	••••••••	••••••••
19	-	New York State Dormitory Authority 5.25 03/15/2047	1.51%	250,000	$268.8K	••••••	••••••••	••••••••
20	-	Houston Tx Arpt Sys Revenue 5.50%, Due 07/01/2045	1.51%	250,000	$270.3K	••••••	••••••••	••••••••

60+ more holdings available

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MFLX ETF All Holdings

MFLX holdings total 80 positions. The top 10 holdings account for 19.8% of the fund, led by Columbus Ohio Regl Arpt 5.5 01Jan50 at 3.0%, County Of Jefferson Sewer 5.25 2042-10-01 at 2.7%, Dutchess Cnty Ny Local Dev Corp N/C, 5%, Due 10/01/2040 at 1.8%.

MFLX portfolio concentration is well-diversified, with the top 10 representing 19.8% of total assets. The largest sector exposure is Other at 41.7%.

MFLX sector allocation provides a detailed breakdown. MFLX overlap tool shows how holdings compare to other funds in your portfolio.

MFLX ETF Holdings

80 of 80 holdings

Sector

Industry

Sort By

1
Columbus Ohio Regl Arpt 5.5 01Jan50
OH COLAPT 5.5 01/01/Industrials
2.96%
2
County Of Jefferson Sewer 5.25 2042-10-01
AL JEFUTL 5.25 10/01Financials
2.73%
3
Dutchess Cnty Ny Local Dev Corp N/C, 5%, Due 10/01/2040
NY DUTMFH 5 10/01/20Financials
1.84%
4
Charleston Cnty Sc Arpt Dist 5.25%, Due 07/01/2042
Other
1.83%
5
Indianapolis In Local Public Impt Bond Bank 6%, Due 03/01/2053
IN INPGEN 6 03/01/20Financials
1.76%
6
MAINE ST FIN AUTH SOL WST DISP MESPOL 08/35 FIXED 5
Other
1.75%
7
Texas Wtr Dev Brd Revenue 5%, Due 10/15/2060
Other
1.75%
8
Massachusetts St Dev Fin Agy Rev 5.25%, Due 06/01/2060
Other
1.74%
9
Skagit County Public Hospital District No. 1
WA SKAMED 5.5 12/01/Real Estate
1.73%
10
Erie Pa Swr Auth 5%, Due 12/01/2046
Other
1.73%
11
Public Finance Authority Muni Orig Issue Disc
WI PUBGEN 5 06/01/20Financials
1.72%
12
Vermont Economic Development Authority, Mortgage Revenue Bonds, Wake Robin Corporation Project, Series 2021A
VT VTSDEV 4 05/01/20Financials
1.71%
13
Hamilton Cnty Oh Hlth Care Rev 5.25%, Due 01/01/2045
Other
1.71%
14
New Hampshire St Business Fin Auth 5.375%, Due 04/01/2049
Other
1.68%
15
Iowa St Fin Auth Midwstrn Disa Iowa Finance Authority
IA IASGEN 12/01/2050Real Estate
1.63%
16
Kissimmee Charter Academy 6.5% 06-15-54
Other
1.57%
17
Texas St Muni Gas Acquisition & Sply Corp Iv Variable Rate, Due 01/01/2054
TX TMGUTL 01/01/2054Utilities
1.56%
18
Patriots Energy Group Fing Agy 5.25 02-01-2054
SC PEGUTL 02/01/2054Financials
1.52%
19
New York State Dormitory Authority 5.25 03/15/2047
Other
1.51%
20
Houston Tx Arpt Sys Revenue 5.50%, Due 07/01/2045
Other
1.51%
21
BLACK BELT ENERGY GAS DIST AL BBEUTL 12/55 ADJUSTABLE VAR
Other
1.50%
22
Black Creek Fl Cdd Spl Assmnt 5.125%, Due 06/15/2032
Other
1.50%
23
Washington St Hlth Care Facs Auth 5.50%, Due 09/01/2055
Other
1.49%
24
Maine St Fin Auth 5.50%, Due 07/01/2055
Other
1.49%
25
Indiana Finance Auth. Health Fac. Rev. (Margaret Mary Health)
Other
1.47%
26
Arizona St Indl Dev Auth Edu Rev 4%, Due 07/15/2037
Other
1.46%
27
Public Fin Auth Wi Student Hsg 5.25%, Due 06/15/2055
Other
1.46%
28
L4008262.Srdup
Other
1.46%
29
Public Fin Auth Wi Toll Revenu Pubtrn 06/60 Fixed Oid 5.75
WI PUBTRN 5.75 06/30Financials
1.45%
30
Lakewood Ranch Fl Stewardship Dist 6%, Due 05/01/2056
Other
1.45%
31
Main Street Natural Gas Inc 4.00% 09/01/2052
GA MAIUTL 09/01/2052Utilities
1.44%
32
Ridge At Apopka Community Development District 05/01/2042
FL RAAGEN 5.38 05/01Real Estate
1.44%
33
Virginia St Small Business Fin Auth 5.50%, Due 12/01/2054
VA VBFMED 5.5 12/01/Financials
1.44%
34
Suffolk Regional Off-Track Betting Co 5.75% 12-01-44
NY SOBGEN 5.75 12/01Consumer Discretionary
1.43%
35
Wyandotte Cnty 5.75% 09/01/39
KS WYAGEN 5.75 09/01Financials
1.43%
36
Cashusd
Other
1.43%
37
Iowa St Fin Auth Senior Living Fac Rev 5.50%, Due 10/01/2045
Other
1.42%
38
North Carolina St Med Care Commn 5.375%, Due 10/01/2045
Other
1.42%
39
Arizona Industrial Development Authority
AZ AZSEDU 5 11/01/20Financials
1.41%
40
Black Belt Energy Gas Dist Al Variable Rate, Due 10/01/2052
AL BBEUTL 10/01/2052Utilities
1.41%
41
New York Transportation Development Corporation, New York, Special Facility Revenue Bonds, John F Kennedy International Airport New Terminal 1 Project 5.25 06/30/2049
NY NYTTRN 5.25 06/30Financials
1.41%
42
Illinois St 4% Mar 01, 2038
IL ILS 4 03/01/2038Industrials
1.40%
43
N Sumter Cnty Fl Utility Dependent Dist 4%, Due 10/01/2041
FL NRSUTL 4 10/01/20Utilities
1.40%
44
South Carolina St Jobs-Econ Dev Auth 5.75%, Due 12/01/2060
Other
1.40%
45
Washington St Hsg Fin Commissi Regd B/E 5.50000000 5.5 07/01/2059
Other
1.40%
46
Pr Commonwealth 4.00% 07/01/2035
PR PRC 4 07/01/2035Financials
1.39%
47
Puerto Rico Sales Tax Fing Cor Prcgen 07/40 Fixed 4.329
PR PRCGEN 4.33 07/01Financials
1.38%
48
Saint Charles Cnty Mo Public Wtr Sply Dist 2 4%, Due 12/01/2044
MO STSWTR 4 12/01/20Utilities
1.36%
49
Dallas Center-Grimes Community School District 3 05-01-2039
IA DALSCD 3 05/01/20Consumer Discretionary
1.35%
50
Colorado St Hlth Facs Auth Rev 4%, Due 05/15/2041
CO COSMED 4 05/15/20Financials
1.33%
51
Crandall Tx Spl Assmnt Revenue 4.25%, Due 09/15/2041
TX CRAGEN 4.25 09/15Financials
1.33%
52
Nc Med Cr Commn 4% 3/1/2041
NC NCSMED 4 03/01/20Health Care
1.33%
53
Georgetown Tx Utility Sys Rev 4%, Due 08/15/2049
Other
1.28%
54
Cypress Mill Cdd Fl Spl Assmnt 5%, Due 05/01/2043
Other
1.28%
55
Elk Grove Ca Fin Auth Spl Tax Rev 4%, Due 09/01/2050
CA ELKGEN 4 09/01/20Financials
1.22%
56
Public Finance Authority Of Wisconsin, Charter School Revenue Bonds, Founders Academy Of Las Vegas, Series 2020a
WI PUBEDU 5 07/01/20Financials
1.21%
57
Sawyers Landing Cdd Fl Spl Ass Regd Oid B/E 4.25000000
FL SLADEV 4.25 05/01Real Estate
1.21%
58
Burbank-Glendale-Pasadena Airport Authority, California, Airport Revenue Bonds, Senior Series 2024B
Other
1.21%
59
Fl Chautl 4 10/01/2051
FL CHAUTL 4 10/01/20Financials
1.15%
60
Azsedu 4.000 12/15/51
AZ AZSEDU 4 12/15/20Financials
1.10%
61
Nearmap Ltd.
NEA:AUUnknown
0.96%
62
Sarasota National Community Development District, Florida, Special Assessment Bonds, Refunding Series 2020
FL SARDEV 4 05/01/20Real Estate
0.87%
63
Nuveen Amt-Free Municipal Credit Income
XNVGXUnknown
0.67%
64
Western Asset Managed Municipals Fund I
MMUUnknown
0.64%
65
US Dollar
Other
0.63%
66
Blackrock Municipal Income Trust Ii
BLEUnknown
0.61%
67
BlackRock MuniYield Quality Fund III
MYIUnknown
0.59%
68
ARKANSAS ST D F 5.45% 9/1/2052@
AR ARSDEV 5.45 09/01Financials
0.56%
69
Nuveen Municipal Credit Income Fund
NZFUnknown
0.47%
70
Invesco Trust For Inv Grade Municipal
VGMUnknown
0.46%
71
Nuveen Quality Municipal Income Fund
NADUnknown
0.44%
72
Invesco Quality Municipal Income Trust
IQIUnknown
0.42%
73
Eaton Vance Municipal Income Trust
EVNUnknown
0.32%
74
Blackrock Municipal Income Trust
BFKUnknown
0.27%
75
Blackrock Muniyield Quality Fund Ii Inc
MQTUnknown
0.26%
76
Invesco Municipal Trust
VKQUnknown
0.20%
77
Blackrock Muniholdings Fund
MHDUnknown
0.18%
78
Invesco Municipal Opportunity Trust, Putters 3A-7 (Vmtp 5029), 1.240%, 12/1/2021
Other
0.15%
79
Blackrock Muniyield Quality Fu Blackrock Muniyield Quality
MQYUnknown
0.12%
80
Blackrock Municipal Income Quality Trust
BYMUnknown
0.10%

#	Company	Ticker	Weight
1	Columbus Ohio Regl Arpt 5.5 01Jan50	OH COLAPT 5.5 01/01/	2.960%
2	County Of Jefferson Sewer 5.25 2042-10-01	AL JEFUTL 5.25 10/01	2.730%
3	Dutchess Cnty Ny Local Dev Corp N/C, 5%, Due 10/01/2040	NY DUTMFH 5 10/01/20	1.840%
4	Charleston Cnty Sc Arpt Dist 5.25%, Due 07/01/2042	-	1.830%
5	Indianapolis In Local Public Impt Bond Bank 6%, Due 03/01/2053	IN INPGEN 6 03/01/20	1.760%
6	MAINE ST FIN AUTH SOL WST DISP MESPOL 08/35 FIXED 5	-	1.750%
7	Texas Wtr Dev Brd Revenue 5%, Due 10/15/2060	-	1.750%
8	Massachusetts St Dev Fin Agy Rev 5.25%, Due 06/01/2060	-	1.740%
9	Skagit County Public Hospital District No. 1	WA SKAMED 5.5 12/01/	1.730%
10	Erie Pa Swr Auth 5%, Due 12/01/2046	-	1.730%
11	Public Finance Authority Muni Orig Issue Disc	WI PUBGEN 5 06/01/20	1.720%
12	Vermont Economic Development Authority, Mortgage Revenue Bonds, Wake Robin Corporation Project, Series 2021A	VT VTSDEV 4 05/01/20	1.710%
13	Hamilton Cnty Oh Hlth Care Rev 5.25%, Due 01/01/2045	-	1.710%
14	New Hampshire St Business Fin Auth 5.375%, Due 04/01/2049	-	1.680%
15	Iowa St Fin Auth Midwstrn Disa Iowa Finance Authority	IA IASGEN 12/01/2050	1.630%
16	Kissimmee Charter Academy 6.5% 06-15-54	-	1.570%
17	Texas St Muni Gas Acquisition & Sply Corp Iv Variable Rate, Due 01/01/2054	TX TMGUTL 01/01/2054	1.560%
18	Patriots Energy Group Fing Agy 5.25 02-01-2054	SC PEGUTL 02/01/2054	1.520%
19	New York State Dormitory Authority 5.25 03/15/2047	-	1.510%
20	Houston Tx Arpt Sys Revenue 5.50%, Due 07/01/2045	-	1.510%
21	BLACK BELT ENERGY GAS DIST AL BBEUTL 12/55 ADJUSTABLE VAR	-	1.500%
22	Black Creek Fl Cdd Spl Assmnt 5.125%, Due 06/15/2032	-	1.500%
23	Washington St Hlth Care Facs Auth 5.50%, Due 09/01/2055	-	1.490%
24	Maine St Fin Auth 5.50%, Due 07/01/2055	-	1.490%
25	Indiana Finance Auth. Health Fac. Rev. (Margaret Mary Health)	-	1.470%
26	Arizona St Indl Dev Auth Edu Rev 4%, Due 07/15/2037	-	1.460%
27	Public Fin Auth Wi Student Hsg 5.25%, Due 06/15/2055	-	1.460%
28	L4008262.Srdup	-	1.460%
29	Public Fin Auth Wi Toll Revenu Pubtrn 06/60 Fixed Oid 5.75	WI PUBTRN 5.75 06/30	1.450%
30	Lakewood Ranch Fl Stewardship Dist 6%, Due 05/01/2056	-	1.450%
31	Main Street Natural Gas Inc 4.00% 09/01/2052	GA MAIUTL 09/01/2052	1.440%
32	Ridge At Apopka Community Development District 05/01/2042	FL RAAGEN 5.38 05/01	1.440%
33	Virginia St Small Business Fin Auth 5.50%, Due 12/01/2054	VA VBFMED 5.5 12/01/	1.440%
34	Suffolk Regional Off-Track Betting Co 5.75% 12-01-44	NY SOBGEN 5.75 12/01	1.430%
35	Wyandotte Cnty 5.75% 09/01/39	KS WYAGEN 5.75 09/01	1.430%
36	Cashusd	-	1.430%
37	Iowa St Fin Auth Senior Living Fac Rev 5.50%, Due 10/01/2045	-	1.420%
38	North Carolina St Med Care Commn 5.375%, Due 10/01/2045	-	1.420%
39	Arizona Industrial Development Authority	AZ AZSEDU 5 11/01/20	1.410%
40	Black Belt Energy Gas Dist Al Variable Rate, Due 10/01/2052	AL BBEUTL 10/01/2052	1.410%
41	New York Transportation Development Corporation, New York, Special Facility Revenue Bonds, John F Kennedy International Airport New Terminal 1 Project 5.25 06/30/2049	NY NYTTRN 5.25 06/30	1.410%
42	Illinois St 4% Mar 01, 2038	IL ILS 4 03/01/2038	1.400%
43	N Sumter Cnty Fl Utility Dependent Dist 4%, Due 10/01/2041	FL NRSUTL 4 10/01/20	1.400%
44	South Carolina St Jobs-Econ Dev Auth 5.75%, Due 12/01/2060	-	1.400%
45	Washington St Hsg Fin Commissi Regd B/E 5.50000000 5.5 07/01/2059	-	1.400%
46	Pr Commonwealth 4.00% 07/01/2035	PR PRC 4 07/01/2035	1.390%
47	Puerto Rico Sales Tax Fing Cor Prcgen 07/40 Fixed 4.329	PR PRCGEN 4.33 07/01	1.380%
48	Saint Charles Cnty Mo Public Wtr Sply Dist 2 4%, Due 12/01/2044	MO STSWTR 4 12/01/20	1.360%
49	Dallas Center-Grimes Community School District 3 05-01-2039	IA DALSCD 3 05/01/20	1.350%
50	Colorado St Hlth Facs Auth Rev 4%, Due 05/15/2041	CO COSMED 4 05/15/20	1.330%
51	Crandall Tx Spl Assmnt Revenue 4.25%, Due 09/15/2041	TX CRAGEN 4.25 09/15	1.330%
52	Nc Med Cr Commn 4% 3/1/2041	NC NCSMED 4 03/01/20	1.330%
53	Georgetown Tx Utility Sys Rev 4%, Due 08/15/2049	-	1.280%
54	Cypress Mill Cdd Fl Spl Assmnt 5%, Due 05/01/2043	-	1.280%
55	Elk Grove Ca Fin Auth Spl Tax Rev 4%, Due 09/01/2050	CA ELKGEN 4 09/01/20	1.220%
56	Public Finance Authority Of Wisconsin, Charter School Revenue Bonds, Founders Academy Of Las Vegas, Series 2020a	WI PUBEDU 5 07/01/20	1.210%
57	Sawyers Landing Cdd Fl Spl Ass Regd Oid B/E 4.25000000	FL SLADEV 4.25 05/01	1.210%
58	Burbank-Glendale-Pasadena Airport Authority, California, Airport Revenue Bonds, Senior Series 2024B	-	1.210%
59	Fl Chautl 4 10/01/2051	FL CHAUTL 4 10/01/20	1.150%
60	Azsedu 4.000 12/15/51	AZ AZSEDU 4 12/15/20	1.100%
61	Nearmap Ltd.	NEA:AU	0.960%
62	Sarasota National Community Development District, Florida, Special Assessment Bonds, Refunding Series 2020	FL SARDEV 4 05/01/20	0.870%
63	Nuveen Amt-Free Municipal Credit Income	XNVGX	0.670%
64	Western Asset Managed Municipals Fund I	MMU	0.640%
65	US Dollar	-	0.630%
66	Blackrock Municipal Income Trust Ii	BLE	0.610%
67	BlackRock MuniYield Quality Fund III	MYI	0.590%
68	ARKANSAS ST D F 5.45% 9/1/2052@	AR ARSDEV 5.45 09/01	0.560%
69	Nuveen Municipal Credit Income Fund	NZF	0.470%
70	Invesco Trust For Inv Grade Municipal	VGM	0.460%
71	Nuveen Quality Municipal Income Fund	NAD	0.440%
72	Invesco Quality Municipal Income Trust	IQI	0.420%
73	Eaton Vance Municipal Income Trust	EVN	0.320%
74	Blackrock Municipal Income Trust	BFK	0.270%
75	Blackrock Muniyield Quality Fund Ii Inc	MQT	0.260%
76	Invesco Municipal Trust	VKQ	0.200%
77	Blackrock Muniholdings Fund	MHD	0.180%
78	Invesco Municipal Opportunity Trust, Putters 3A-7 (Vmtp 5029), 1.240%, 12/1/2021	-	0.150%
79	Blackrock Muniyield Quality Fu Blackrock Muniyield Quality	MQY	0.120%
80	Blackrock Municipal Income Quality Trust	BYM	0.100%