FCEF vs. MFLX ETF Comparison
Comparison of First Trust CEF Income Opportunity ETF (FCEF) to First Trust Flexible Municipal High Income ETF (MFLX)
FCEF
First Trust CEF Income Opportunity ETF
FCEF Description
The First Trust CEF Income Opportunity ETF is an actively managed exchange-traded fund. The Fund's investment objective is to provide current income with a secondary emphasis on total return. Under normal market conditions, the Fund will seek to achieve its investment objectives by investing at least 80% of its net assets (including investment borrowings) in a portfolio of closed-end investment companies that are listed and traded in the United States on registered exchanges.
Grade (RS Rating)
Last Trade
$21.95
Average Daily Volume
7,760
46
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
$17.30
Average Daily Volume
2,602
16
Performance
| Period | FCEF | MFLX |
|---|---|---|
| 30 Days | -0.81% | -0.60% |
| 60 Days | 0.83% | -0.89% |
| 90 Days | 3.26% | 0.92% |
| 12 Months | 24.46% | 10.03% |
0 Overlapping Holdings
| Symbol | Grade | Weight in FCEF | Weight in MFLX | Overlap |
|---|
FCEF Overweight 46 Positions Relative to MFLX
| Symbol | Grade | Weight | |
|---|---|---|---|
| ETG | B | 4.02% | |
| HTD | A | 3.33% | |
| ETO | C | 3.3% | |
| EVT | A | 3.25% | |
| THQ | D | 3.22% | |
| SOR | B | 3.19% | |
| VRIG | A | 3.16% | |
| ASGI | C | 3.16% | |
| HQH | D | 3.14% | |
| GDV | B | 2.95% | |
| JPC | A | 2.55% | |
| TY | B | 2.52% | |
| JQC | A | 2.52% | |
| UTF | C | 2.48% | |
| RNP | C | 2.36% | |
| BCAT | A | 2.28% | |
| NPFD | A | 2.25% | |
| BGB | A | 2.2% | |
| PDO | C | 2.14% | |
| CET | B | 2.02% | |
| GAM | C | 2.02% | |
| UTG | A | 1.87% | |
| JFR | A | 1.63% | |
| JRI | A | 1.52% | |
| PEO | A | 1.44% | |
| EVG | D | 1.44% | |
| PDX | A | 1.39% | |
| RA | C | 1.24% | |
| AIO | B | 1.03% | |
| NBB | D | 1.0% | |
| QQQX | A | 1.0% | |
| CII | A | 0.99% | |
| KYN | A | 0.82% | |
| WIW | D | 0.75% | |
| HIO | A | 0.74% | |
| BCX | D | 0.73% | |
| BIT | C | 0.72% | |
| BUI | C | 0.7% | |
| TPZ | A | 0.56% | |
| RMT | B | 0.52% | |
| BTZ | D | 0.49% | |
| HQL | D | 0.47% | |
| JLS | D | 0.47% | |
| BME | D | 0.45% | |
| DPG | A | 0.41% | |
| DLY | A | 0.23% |
FCEF: Top Represented Industries & Keywords
MFLX: Top Represented Industries & Keywords
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