First Trust Flexible Municipal High Income ETF (MCEF)

이 페이지는 영어 원문에서 AI로 기계 번역되었습니다. 영어 버전이 기준입니다. 영어 버전 읽기

정보 제공만을 목적으로 합니다. 재정적 조언이 아닙니다.

빠른 답변

First Trust Flexible Municipal High Income ETF (MCEF) has a 0.66% expense ratio and $17M in assets under management. Holdings and weights below are as of Mar 15, 2026.

In the stored portfolio snapshot, the largest listed holding is Nuveen AMT-Free Muni Credit Inc (NVG) at 5.09%, and the largest sector allocation is Cash & Others at 100.0%.

First Trust Flexible Municipal High Income ETF (MCEF) ETF — Price, Holdings & Analysis

ETF 개요

The First Trust Flexible Municipal High Income ETF (MCEF) aims to generate income by investing at least 80% of its net assets in municipal debt securities that are exempt from regular federal income taxes. These securities are issued by states, territories, and their political subdivisions. MCEF's investment approach involves actively selecting municipal bonds and other related investments to maximize income while managing risk. The fund's top holdings include closed-end funds such as Nuveen AMT-Free Muni Credit Inc (NVG) at 5.09%, Nuveen AMT-Free Quality Muni Inc (NEA) at 5.03%, and Nuveen Quality Muni Income Fund (NAD) at 4.57%. The fund's sector allocation is heavily concentrated in Cash & Others at 100.0%. The fund's investment strategy is focused on the United States, with 100% of its exposure in US markets. MCEF's flexible approach allows it to adapt to changing market conditions and seek out opportunities within the municipal bond market. Past performance does not guarantee future results.

위험 지표

MCEF carries a beta of 2.01, indicating higher volatility compared to the broader market. The fund's expense ratio of 0.66% can create a drag on returns, particularly in a low-yield environment. A significant risk lies in its concentration, with the top 10 holdings accounting for approximately 41.35% of the fund's assets. This focused allocation means that the performance of a few key holdings can significantly impact the overall fund performance. The fund's sector allocation is entirely in Cash & Others, which may limit diversification and expose the fund to risks associated with liquidity and cash management. These concentration and sector risks may be worth researching when evaluating MCEF. Past performance does not guarantee future results.

베타: 2.01

운용보수율

0.66%

MCEF은(는) 무엇을 보유하고 있나요?

보유 종목	비중
Nuveen AMT-Free Muni Credit Inc (NVG)	5.09%
Nuveen AMT-Free Quality Muni Inc (NEA)	5.03%
Nuveen Quality Muni Income Fund (NAD)	4.57%
BlackRock MuniYield Quality (MQY)	4.03%
BlackRock MuniYield Qty III (MYI)	4.00%
Invesco Quality Muni Income Trust (IQI)	3.97%
BlackRock Muni Inter Duration (MUI)	3.91%
BlackRock MuniHoldings Fund (MHD)	3.77%
Nuveen Municipal Credit Opps Fund (NMCO)	3.58%
Nuveen Municipal Credit Income (NZF)	3.43%

보유 종목 및 비중: 2026년 3월 15일 기준. 이 펀드 데이터는 45일 이상 지났습니다. 최신 보유 종목은 발행사에서 확인하세요.

펀드는 어떻게 배분되어 있나요?

섹터	비중
현금 및 기타	100.0%
산업재	0.0%

국가	비중
미국	100.0%

배당수익률

3.69%

iShares Morningstar Small-Cap Growth ETF (JKK) — 0.06% expense ratio
ARK Innovation ETF (ARKK) — 0.75% expense ratio
Invesco QQQ Trust, Series 1 (QQQ) — 0.18% expense ratio
State Street Energy Select Sector SPDR ETF (XLE) — 0.08% expense ratio
WisdomTree Emerging Markets ESG Fund (DVEM) — 0.32% expense ratio
Goldman Sachs ActiveBeta Emerging Markets Equity ETF (GEM) — 0.59% expense ratio
State Street SPDR Dow Jones Industrial Average ETF Trust (DIA) — 0.16% expense ratio
State Street Technology Select Sector SPDR ETF (XLK) — 0.08% expense ratio

FT Energy Income Partners Enhanced Income ETF (EIPI) (Sector Equity) — 1.11% expense ratio
First Trust Europe AlphaDEX Fund (FEP) (International Equity) — 0.80% expense ratio
First Trust Emerging Markets Small Cap AlphaDEX Fund (FEMS) (International Equity) — 0.80% expense ratio
First Trust Developed Markets ex-US AlphaDEX Fund (FDT) (International Equity) — 0.80% expense ratio
FT Vest Laddered Buffer ETF (BUFR) (Multi-Asset) — 0.95% expense ratio
First Trust RiverFront Dynamic Emerging Markets ETF (RFEM) (International Equity) — 0.99% expense ratio

질문 및 답변

What is MCEF and what does it track?

The First Trust Flexible Municipal High Income ETF (MCEF) is an actively managed ETF that focuses on generating high current income by investing primarily in municipal debt securities.

These securities are exempt from regular federal income taxes, making the fund potentially attractive to investors seeking tax-advantaged income.

What is the expense ratio for MCEF?

The expense ratio for the First Trust Flexible Municipal High Income ETF (MCEF) is 0.66%. This means that for every $10,000 invested in the fund, $66 is used to cover the fund's operating expenses.

While this expense ratio provides access to a diversified portfolio of municipal bonds, it is important to consider the impact of expenses on overall returns.

What are the top holdings in MCEF?

As of 2026-03-15, the top holdings in the First Trust Flexible Municipal High Income ETF (MCEF) are: Nuveen AMT-Free Muni Credit Inc (NVG) at 5.09%, Nuveen AMT-Free Quality Muni Inc (NEA) at 5.03%, Nuveen Quality Muni Income Fund (NAD) at…

4.57%, BlackRock MuniYield Quality (MQY) at 4.03%, and BlackRock MuniYield Qty III (MYI) at 4.00%.

Is MCEF a good long-term investment?

Whether MCEF is a suitable long-term investment depends on an individual's investment goals, risk tolerance, and tax situation. The fund's focus on tax-exempt municipal bonds can be attractive for investors seeking income that is not subject to federal income taxes.

MCEF has a dividend yield of 3.69% as of 2026-03-15.

How does MCEF compare to similar ETFs?

MCEF competes with other municipal bond ETFs and closed-end funds in the market. Compared to passively managed municipal bond ETFs, MCEF has a higher expense ratio of 0.66% due to its active management strategy.

Some competitor ETFs may have lower expense ratios, potentially offering a cost advantage.

Does MCEF pay dividends?

Yes, the First Trust Flexible Municipal High Income ETF (MCEF) pays dividends. As of 2026-03-15, MCEF has a dividend yield of 3.69%. The fund distributes income to shareholders regularly, reflecting the interest earned from its holdings of municipal debt securities.

These dividends are generally exempt from regular federal income taxes, making them attractive to investors seeking tax-advantaged income.

면책 조항: 이 콘텐츠는 정보 제공만을 목적으로 하며 투자 조언을 구성하지 않습니다. 항상 자체 조사를 수행하고 재정 고문과 상담하십시오.

데이터는 정보 제공만을 목적으로 제공됩니다.

이 페이지는 기계가 작성했으며, 페이지별 사람 검수는 거치지 않았습니다. 편집 관리는 체계 차원에서 이루어집니다: 규칙과 출처를 점검하며, 개별 페이지는 점검하지 않습니다.