First Trust Flexible Income ETF

FFLX

First Trust Flexible Income ETF offers a diversified, actively managed multi-sector fixed income portfolio with an overweight to investment-grade bonds. FFLX utilizes bond futures for hedging and positioning, currently at a 27% net long, introducing potential for added volatility and enhanced returns. The ETF targets an intermediate duration of 4.1 years, with a portfolio yield to worst of 6.15% and monthly distributions.