MFLX vs. PFFA ETF Comparison
Comparison of First Trust Flexible Municipal High Income ETF (MFLX) to Virtus InfraCap U.S. Preferred Stock ETF (PFFA)
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
$17.51
Average Daily Volume
1,731
17
PFFA
Virtus InfraCap U.S. Preferred Stock ETF
PFFA Description
The investment seeks current income and, secondarily, capital appreciation. Under normal market conditions, the fund will invest not less than 80% of its net assets (plus the amount of any borrowings for investment purposes) in U.S. preferred stock, and in derivatives and other instruments that have economic characteristics similar to such investments. The Sub-Adviser actively manages the fund's assets pursuant to a variety of quantitative, qualitative and relative valuation factors. The fund is non-diversified.Grade (RS Rating)
Last Trade
$22.61
Average Daily Volume
380,602
21
Performance
| Period | MFLX | PFFA |
|---|---|---|
| 30 Days | 1.39% | 3.81% |
| 60 Days | 2.58% | 5.56% |
| 90 Days | 3.04% | 7.19% |
| 12 Months | 11.68% | 24.38% |
0 Overlapping Holdings
| Symbol | Grade | Weight in MFLX | Weight in PFFA | Overlap |
|---|
MFLX Underweight 21 Positions Relative to PFFA
| Symbol | Grade | Weight | |
|---|---|---|---|
| SLMBP | A | -3.44% | |
| NYMTN | B | -2.44% | |
| VLYPP | B | -1.87% | |
| NYMTM | A | -1.55% | |
| UGI | B | -1.18% | |
| UZE | C | -1.06% | |
| CTDD | B | -0.66% | |
| HTIBP | C | -0.6% | |
| VLYPO | B | -0.4% | |
| LBRDP | B | -0.16% | |
| OXLCO | B | -0.13% | |
| ATLCP | B | -0.07% | |
| NEE | B | -0.05% | |
| OZKAP | A | -0.04% | |
| XOMAP | B | -0.03% | |
| WTFCP | A | -0.03% | |
| DCOMP | B | -0.02% | |
| LANDO | B | -0.01% | |
| NYMTL | A | -0.01% | |
| ESGRP | F | -0.0% | |
| SREA | B | -0.0% |
MFLX: Top Represented Industries & Keywords
PFFA: Top Represented Industries & Keywords
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