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 21 June 2019
Asset Under Management 31.34 Million (USD)
1 Month Total Return 0.92 %
Year To Date Return 5.55 %
1 Year Total Return 7.13 %
3 Year Annualized Total Return
NAV 52.24
Share Outstanding 600,002
Top 10 Holdings (20 June 2019)
Constituent Name Constituent Ticker Constituent Type Weighting
CALIFORNIA ST HLTH FACS FING AUTH 5% due 11/15/2030 BOND
CALIFORNIA ST SCH FIN AUTH CHRT SCH REV 5% due 06/01/2037 BOND
RIVER ISLANDS CA PUBLIC FING AUTH 5.375% due 09/01/2031 BOND
CALIFORNIA STWD CMNTYS DEV AUTH 5% due 12/01/2033 BOND
CALIFORNIA ST STWD CMNTYS DEV 5% due 07/01/2029 BOND
FOUNTAIN VLY CA PUBLIC FING AUTH 4% due 11/01/2029 BOND
DINUBA CA JT UNIF SCH DIST CTFS PARTN 4% due 02/01/2034 BOND
GUAM GOVT BUSINESS PRIVILEGE TAX 5% due 01/01/2037 BOND
SIMI VLY CA UNIF SCH DIST 4% due 08/01/2038 BOND
CALIFORNIA ST MUNI FIN AUTH STUDENT HSG 5% due 05/15/2040 BOND