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 18 January 2019
Asset Under Management 22.58 Million (USD)
1 Month Total Return 0.48 %
Year To Date Return -0.35 %
1 Year Total Return 1.14 %
3 Year Annualized Total Return
NAV 50.17
Share Outstanding 450,002
Top 10 Holdings (17 January 2019)
Constituent Name Constituent Ticker Constituent Type Weighting
CALIFORNIA ST MUNI FIN AUTH REV N/C 5% due 11/15/2026 BOND
ILLINOIS ST 4% due 01/01/2025 BOND
TEMECULA VLY UNIF SCH DIST FIN AUTH CA 5% due 09/01/2034 BOND
CHINO CA CMNTY FACS DIST SPL TAX 5% due 09/01/2031 BOND
CALIFORNIA ST MUNI FIN AUTH REV N/C 5% due 11/15/2027 BOND
CALIFORNIA ST POLL CONTROL FIN N/C 3.375% due 07/01/2025 BOND
EL DORADO CA IRR DIST REVENUE 4% due 03/01/2034 BOND
CALIFORNIA STWD CMNTYS DEV AUTH 5% due 12/01/2030 BOND
PUBLIC FIN AUTH WI REVENUE 6.125% due 01/01/2033 BOND
TEMESCAL VLY CA WTR DIST SPL TAX 5% due 09/01/2031 BOND