First Trust Flexible Income ETF (FFLX)

First Trust Flexible Income ETF (FFLX) is an actively managed fixed income exchange-traded fund offered by First Trust Advisors. The fund aims to generate current income by investing across a wide range of debt securities.

The managers have broad latitude to allocate among bond sectors, maturities, credit qualities, currencies and regions. Holdings can include government, corporate and securitized debt, and the portfolio is adjusted as the managers' view of relative value and credit conditions changes.

Rather than following a bond index, the fund uses a flexible multi-sector approach intended to pursue income opportunities wherever the managers find them in the global credit markets. Its holdings may range from investment-grade corporate bonds to higher-yielding credit, depending on where the team sees the best balance of income and risk.