CEFD vs. MFLX ETF Comparison
Comparison of ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN (CEFD) to First Trust Flexible Municipal High Income ETF (MFLX)
CEFD
ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN
CEFD Description
The investment seeks to provide 1.5 times leveraged long exposure to the compounded quarterly performance of the S-Network Composite Closed-End Fund Index (the ?index?), reduced by the Accrued Fees. The index is a mutual fund index designed to serve as a benchmark for closed-end funds listed in the U.S. that are principally engaged in asset management processes designed to produce taxable annual yield.
Grade (RS Rating)
Last Trade
$20.43
Average Daily Volume
2,443
Number of Holdings
*
100
* may have additional holdings in another (foreign) market
MFLX
First Trust Flexible Municipal High Income ETF
MFLX Description
MFLX seeks to provide current income through an actively managed portfolio of US municipal debt securities whose interests are exempted from federal income taxes. The fund spans a wide range of municipal bonds, including lease obligations, general obligation bonds, revenue bonds, notes, cash equivalents, private activity bonds, as well as pre-refunded and escrowed to maturity bonds. The fund is diversified to invest in municipal bonds of any maturity and credit quality. In addition, the fund may invest, without limitation, in municipal securities that pay interest and generate income subject to federal and state alternative minimum tax. Prior to April 14, 2022, the fund traded as the First Trust Municipal CEF Income Opportunity ETF (Ticker: MCEF). Unlike MCEFs fund-of-CEFs (closed-end funds) structure, MFLX invests in US municipal bonds directly. Although, the fund may still invest in municipal CEFs for up to 10% of its net assets.Grade (RS Rating)
Last Trade
$17.53
Average Daily Volume
1,975
Number of Holdings
*
17
* may have additional holdings in another (foreign) market
Performance
| Period | CEFD | MFLX |
|---|---|---|
| 30 Days | 5.27% | 1.42% |
| 60 Days | 6.90% | 2.67% |
| 90 Days | 9.84% | 3.27% |
| 12 Months | 28.58% | 11.73% |
0 Overlapping Holdings
| Symbol | Grade | Weight in CEFD | Weight in MFLX | Overlap |
|---|
CEFD Overweight 100 Positions Relative to MFLX
| Symbol | Grade | Weight | |
|---|---|---|---|
| EVV | A | 2.63% | |
| BDJ | B | 2.39% | |
| HYT | C | 2.19% | |
| BTZ | B | 2.16% | |
| NXDT | C | 1.9% | |
| AWF | B | 1.83% | |
| DSL | B | 1.77% | |
| JQC | C | 1.66% | |
| BXMX | B | 1.65% | |
| EMD | B | 1.5% | |
| WIW | A | 1.37% | |
| BHK | B | 1.3% | |
| QQQX | B | 1.26% | |
| BOE | A | 1.23% | |
| BCX | B | 1.2% | |
| HIO | B | 1.19% | |
| JPC | B | 1.18% | |
| RA | B | 1.17% | |
| GHY | B | 1.16% | |
| BGY | B | 1.09% | |
| CII | B | 1.07% | |
| HIX | B | 1.01% | |
| BIT | B | 1.01% | |
| EOS | B | 1.0% | |
| IGD | B | 0.98% | |
| EFT | D | 0.95% | |
| FSD | C | 0.95% | |
| HTD | B | 0.94% | |
| BST | D | 0.92% | |
| BLW | B | 0.92% | |
| EAD | B | 0.9% | |
| ISD | B | 0.88% | |
| LDP | B | 0.84% | |
| FFC | B | 0.83% | |
| EFR | D | 0.82% | |
| FRA | B | 0.82% | |
| TEI | B | 0.75% | |
| PHK | B | 0.75% | |
| EOI | B | 0.73% | |
| MIN | B | 0.71% | |
| EHI | C | 0.71% | |
| NBB | C | 0.71% | |
| MCR | B | 0.7% | |
| PDT | B | 0.69% | |
| DIAX | B | 0.69% | |
| PPT | B | 0.67% | |
| WIA | A | 0.66% | |
| MMT | B | 0.64% | |
| GOF | A | 0.64% | |
| JPI | A | 0.63% | |
| BKT | B | 0.62% | |
| PFN | A | 0.59% | |
| JGH | B | 0.59% | |
| FCT | B | 0.58% | |
| ERC | A | 0.57% | |
| HPS | A | 0.55% | |
| HYI | B | 0.55% | |
| DFP | B | 0.55% | |
| BME | B | 0.54% | |
| BGT | C | 0.49% | |
| HPI | B | 0.47% | |
| PHD | B | 0.44% | |
| BGH | B | 0.44% | |
| FTF | B | 0.43% | |
| GBAB | B | 0.42% | |
| HYB | B | 0.39% | |
| EVG | B | 0.38% | |
| IDE | B | 0.38% | |
| DHF | B | 0.38% | |
| PHT | B | 0.38% | |
| TSI | B | 0.37% | |
| ETB | B | 0.37% | |
| FT | B | 0.37% | |
| STK | C | 0.37% | |
| DHY | B | 0.36% | |
| HPF | A | 0.36% | |
| MSD | B | 0.34% | |
| INSI | B | 0.34% | |
| FFA | B | 0.32% | |
| DBL | B | 0.31% | |
| GDO | B | 0.31% | |
| PSF | B | 0.31% | |
| VBF | B | 0.3% | |
| BGR | D | 0.3% | |
| PIM | B | 0.3% | |
| PFL | B | 0.29% | |
| IGA | B | 0.29% | |
| OPP | B | 0.29% | |
| SPXX | B | 0.27% | |
| FLC | A | 0.24% | |
| MCN | B | 0.24% | |
| CIK | B | 0.24% | |
| WEA | B | 0.22% | |
| FAM | B | 0.21% | |
| VLT | B | 0.19% | |
| MGF | B | 0.19% | |
| VGI | B | 0.18% | |
| HEQ | B | 0.18% | |
| GNT | B | 0.14% | |
| JLS | B | 0.14% |
CEFD: Top Represented Industries & Keywords
Industries:
Asset Management
Keywords:
ETF
Exchange Traded Fund
Mutual Fund
Bond
Bond Market
Fixed Income
Stock Fund
High Yield Debt
Income Trust
Blackrock
Debt Securities
Structured Finance
U.S. Government
Western Asset Management Company
Bond Fund
Eaton Vance
Financial Management
Mortgage Backed Security
Credit Suisse
Exchange Traded Funds
MFLX: Top Represented Industries & Keywords
Industries:
Asset Management
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