MFLX vs. XMPT ETF Comparison
Comparison of First Trust Flexible Municipal High Income ETF (MFLX) to Market Vectors CEF Municipal Income ETF (XMPT)
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
$17.23
Average Daily Volume
2,668
16
XMPT
Market Vectors CEF Municipal Income ETF
XMPT Description
The investment seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the S-Network Municipal Bond Closed-End Fund IndexSM (the "CEFMX Index"). The fund normally invests at least 80% of its total assets in investments the income from which is exempt from U.S. federal income tax (other than AMT). It normally invests at least 80% of its total assets in securities of issuers that comprise the fund's benchmark index. The CEFMX Index is comprised of shares of U.S.-listed closed-end funds.Grade (RS Rating)
Last Trade
$22.26
Average Daily Volume
43,152
55
Performance
| Period | MFLX | XMPT |
|---|---|---|
| 30 Days | -0.06% | -1.70% |
| 60 Days | -1.29% | -2.70% |
| 90 Days | 0.11% | -0.16% |
| 12 Months | 9.11% | 14.90% |
16 Overlapping Holdings
| Symbol | Grade | Weight in MFLX | Weight in XMPT | Overlap | |
|---|---|---|---|---|---|
| BFK | D | 0.63% | 1.45% | 0.63% | |
| BLE | D | 0.75% | 1.68% | 0.75% | |
| BYM | D | 0.24% | 0.95% | 0.24% | |
| EVN | D | 0.36% | 1.05% | 0.36% | |
| IQI | D | 0.49% | 1.7% | 0.49% | |
| MHD | C | 0.22% | 2.04% | 0.22% | |
| MMU | C | 0.73% | 1.85% | 0.73% | |
| MQT | D | 0.31% | 0.75% | 0.31% | |
| MQY | D | 0.25% | 2.25% | 0.25% | |
| MYI | D | 0.48% | 2.39% | 0.48% | |
| NAD | C | 0.51% | 8.07% | 0.51% | |
| NEA | C | 1.1% | 7.99% | 1.1% | |
| NVG | D | 0.8% | 8.01% | 0.8% | |
| NZF | C | 0.55% | 7.72% | 0.55% | |
| VGM | D | 0.52% | 1.79% | 0.52% | |
| VKQ | D | 0.24% | 1.8% | 0.24% |
MFLX Overweight 0 Positions Relative to XMPT
| Symbol | Grade | Weight |
|---|
MFLX Underweight 39 Positions Relative to XMPT
| Symbol | Grade | Weight | |
|---|---|---|---|
| BTT | D | -5.08% | |
| NUV | D | -4.65% | |
| NMZ | D | -2.7% | |
| MUI | B | -2.34% | |
| VMO | D | -2.15% | |
| EIM | D | -1.91% | |
| MYD | D | -1.64% | |
| IIM | D | -1.51% | |
| MVF | C | -1.46% | |
| LEO | D | -1.4% | |
| NDMO | D | -1.39% | |
| NXP | C | -1.32% | |
| VKI | C | -1.3% | |
| PML | D | -1.23% | |
| AFB | D | -1.17% | |
| PMO | D | -1.06% | |
| DSM | D | -1.06% | |
| NBH | D | -1.02% | |
| KTF | C | -0.99% | |
| PMM | D | -0.91% | |
| MUA | C | -0.88% | |
| EOT | D | -0.85% | |
| MFM | D | -0.82% | |
| MUE | B | -0.82% | |
| MVT | D | -0.82% | |
| NUW | C | -0.8% | |
| DMB | C | -0.71% | |
| MHI | D | -0.68% | |
| MAV | C | -0.65% | |
| PMX | D | -0.58% | |
| OIA | D | -0.58% | |
| PMF | D | -0.55% | |
| BKN | D | -0.54% | |
| VFL | D | -0.47% | |
| DMF | D | -0.39% | |
| BMN | B | -0.39% | |
| ETX | D | -0.38% | |
| MHF | D | -0.34% | |
| BTA | D | -0.31% |
MFLX: Top Represented Industries & Keywords
XMPT: Top Represented Industries & Keywords
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