YYY vs. MFLX ETF Comparison
Comparison of YieldShares High Income ETF (YYY) to First Trust Flexible Municipal High Income ETF (MFLX)
YYY
YieldShares High Income ETF
YYY Description
The investment seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the ISE High IncomeTM Index (the "index"). The fund will normally invest at least 80% of its total assets in securities of the index. Because the index is comprised of securities issued by other investment companies, the fund operates in a manner that is commonly referred to as a "fund of funds," meaning that it invests its assets in shares of funds included in the index. The index seeks to measure the performance of the top 30 U.S. exchange-listed closed-end funds.
Grade (RS Rating)
Last Trade
$11.66
Average Daily Volume
266,173
41
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
$16.68
Average Daily Volume
3,826
18
Performance
| Period | YYY | MFLX |
|---|---|---|
| 30 Days | -1.66% | -1.68% |
| 60 Days | 1.35% | -1.09% |
| 90 Days | 2.22% | 0.51% |
| 12 Months | 12.94% | 2.37% |
YYY Overweight 34 Positions Relative to MFLX
| Symbol | Grade | Weight | |
|---|---|---|---|
| PDI | B | 3.55% | |
| ECC | A | 3.45% | |
| PDO | A | 3.4% | |
| OXLC | C | 3.35% | |
| KYN | A | 3.04% | |
| JFR | A | 3.02% | |
| JQC | A | 3.0% | |
| FPF | C | 2.98% | |
| BGB | A | 2.92% | |
| JPC | B | 2.9% | |
| BTZ | C | 2.83% | |
| USA | B | 2.78% | |
| CEM | A | 2.76% | |
| RA | D | 2.75% | |
| AOD | B | 2.69% | |
| NFJ | C | 2.67% | |
| EVV | C | 2.65% | |
| WIW | B | 2.65% | |
| VVR | A | 2.55% | |
| MUC | D | 2.39% | |
| FFC | C | 2.36% | |
| HYT | A | 2.35% | |
| PTY | C | 2.28% | |
| DSL | C | 2.25% | |
| NAC | C | 1.78% | |
| PFN | C | 1.68% | |
| HFRO | C | 1.65% | |
| PHK | C | 1.47% | |
| FAX | C | 0.92% | |
| NRK | D | 0.87% | |
| AWF | B | 0.74% | |
| MUJ | D | 0.57% | |
| PCN | D | 0.53% | |
| MYD | D | 0.5% |
YYY: Top Represented Industries & Keywords
MFLX: Top Represented Industries & Keywords
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