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 October 2018
Asset Under Management 19.76 Million (USD)
1 Month Total Return -0.99 %
Year To Date Return -2.16 %
1 Year Total Return -0.15 %
3 Year Annualized Total Return
NAV 49.39
Share Outstanding 400,002
Top 10 Holdings (18 October 2018)
Constituent Name Constituent Ticker Constituent Type Weighting
CALIFORNIA ST STWD CMNTYS DEV AUTH 5% due 05/15/2030 BOND
CALIFORNIA ST MUNI FIN AUTH REV 5% due 07/01/2032 BOND
US 10YR NOTE (CBT)Dec18 BOND
US 10yr Ultra Fut Dec18 BOND
SAN DIEGO CNTY CA LIMITED REVENUE OBLIGS 5% due 11/01/2028 BOND
LOS ANGELES CA DEPT OF ARPTS 5% due 05/15/2028 BOND
WASHINGTON TWP CA HLTH CARE DIST 4% due 08/01/2029 BOND
CALIFORNIA ST PUBLIC WKS BRD LEASE REV 5% due 06/01/2034 BOND
LONG BEACH CA BOND FIN AUTH NATL GAS 5.50% due 11/15/2030 BOND
CHICAGO IL N/C 0% due 01/01/2022 BOND