FCAL

Fund Description
The First Trust California Municipal High Income ETFs primary investment objective will be to seek to provide current income that is exempt from regular federal income taxes and California income taxes, and its secondary objective will be long-term capital appreciation. Under normal market conditions, the Fund seeks to achieve its investment objectives by investing at least 80% of its net assets (including investment borrowings) in municipal debt securities that pay interest that is exempt from regular federal income taxes and California income taxes (collectively, "Municipal Securities").
Fund Profile
Fund Name First Trust California Municipal High Income ETF
Fund Exchange Ticker FCAL
Fund Sponsor First Trust
Fund ISIN US33739P8639
Net Expense Ratio 0.50 %
Fund Inception Date 21 June 2017
Fund Legal Structure ETF (Open end fund)
Exchange NASDAQ
Listing Country Code US
Fund Investment Objective
ETF Type Specific Bonds - Municipal
Asset Class Bonds
Index Linked Active
Index Name Not Applicable
Index Provider Not Applicable
Currency Hedged No
Inverse / Leveraged Not Applicable
Developed / Emerging Developed Market Funds
Bond Type Municipal
Credit Quality High Yield
Average Maturity Fund Holds All Maturity Ranges
Bond Currency Denomination USD
Key Statistics
Return As of Date 19 March 2019
Asset Under Management 22.87 Million (USD)
1 Month Total Return 1.13 %
Year To Date Return 1.81 %
1 Year Total Return 4.76 %
3 Year Annualized Total Return
NAV 50.83
Share Outstanding 450,002
Top 10 Holdings (18 March 2019)
Constituent Name Constituent Ticker Constituent Type Weighting
LOS ANGELES CA DEPT OF ARPTS 5% due 05/15/2031 BOND
CALIFORNIA STWD CMNTYS DEV AUTH REV 5% due 04/01/2031 BOND
CALIFORNIA STWD CMNTYS DEV AUTH REV 3% due 11/01/2022 BOND
FLOYD CNTY GA DEV AUTH 5.50% due 12/01/2028 BOND
CHICAGO IL BRD OF EDU 5% due 12/01/2031 BOND
FONTANA CA SPL TAX 5% due 09/01/2029 BOND
CALIFORNIA ST MUNI FIN AUTH CHRT SCH 5% due 07/01/2038 BOND
MORONGO BAND OF MISSION INDIANS CA 5% due 10/01/2042 BOND
RIVERSIDE CA UNIF SCH DIST FING AUTH 5% due 09/01/2034 BOND
SAN DIEGO CNTY CA LIMITED REVENUE OBLIGS 5% due 11/01/2028 BOND