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 16 October 2020
Asset Under Management 87.14 Million (USD)
1 Month Total Return 0.11 %
Year To Date Return 0.58 %
1 Year Total Return 1.38 %
3 Year Annualized Total Return 4.15 %
NAV 52.81
Share Outstanding 1,650,000
Top 10 Holdings (16 October 2020)
Constituent Name Constituent Ticker Constituent Type Weighting
US Dollar CASH 0.0282891421
ROCKLIN CA UNIF SCH DIST CMNTY 4% due 09/15/2037 BOND 0.0214713242
PUERTO RICO SALES TAX FING CORP 4.50% due 07/01/2034 BOND 0.0167313187
TOBACCO SECURITIZATION AUTH STHRN CA 5% due 06/01/2037 BOND 0.0155490961
LANCASTER CA FING AUTH REVENUE 4% due 06/01/2035 BOND 0.0151776039
NATOMAS CA UNIF SCH DIST 3% due 08/01/2036 BOND 0.0145078014
CALIFORNIA ST MUNI FIN AUTH 5% due 05/15/2038 BOND 0.0143413791
BAKERSFIELD CA WSTWTR REVENUE 5% due 09/15/2030 BOND 0.0140653137
CALIFORNIA ST ENTERPRISE DEV AUTH 4% due 11/01/2037 BOND 0.0139603753
TRANSBAY JT POWERS AUTH CA 5% due 10/01/2039 BOND 0.0137683048