Don't Settle For AGG: Why Active Multi-Sector ETF FFLX Is A Buy

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.

Seeking Alpha • Sep 17, 2026

First Trust Announces Completion of First Trust Senior Floating Rate Income Fund II Reorganization into First Trust Flexible Income ETF

WHEATON, Ill--(BUSINESS WIRE)--First Trust Advisors L.P. (“FTA”) announced today that the reorganization of First Trust Senior Floating Rate Income Fund II (NYSE: FCT), a closed-end management investment company managed by FTA, into First Trust Flexible Income ETF (NYSE: FFLX), an actively managed exchange-traded fund (“ETF”) managed by FTA, was completed prior to the open of the NYSE on August 10, 2026. As previously announced, the shareholders of FCT approved FCT's reorganization into FFLX at.

Business Wire • Aug 10, 2026