FCAL : First Trust California Municipal High Income ETF

FCAL is a Bond Market Municipal Bond with LOW fees.

FCAL

First Trust California Municipal High Income ETF

FI Score

48 /100

Expense Ratio Rating

8 /10

Expense Rating

5 /10

Market Score

2 /10

Category Score

8 /10

Market Size

2 /10

48% FI Score
  • fcal
  • ETF
  • Bond
  • Municipal Bond

First Trust California Municipal High Income ETF

Expenses: 0.50% (Better than 1% of similar funds)

This is a bad choice for a Municipal Bond Bond fund. See why ยป

Fund Summary

The investment seeks to provide current income that is exempt from regular federal income taxes and California income taxes, and its secondary objective is long-term capital appreciation. 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. It will invest no more than 50% of its net assets in Municipal Securities that are, at the time of investment, not investment grade, commonly referred to as high yield or junk bonds. The fund is non-diversified.

Largest Holdings

Amount Holding
7.76% Ultra 10 Year US Treasury Note Future Sept 20
2.42% ROCKLIN CALIF UNI SCH DIST CMNTY FACS DIST SPL TAX 4%
1.77% PUERTO RICO SALES TAX FING CORP SALES TAX REV 4.5%
1.70% LANCASTER CALIF FING AUTH REV 4%
1.62% NATOMAS UNI SCH DIST CALIF 3%
1.58% BAKERSFIELD CALIF WASTEWTR REV 5%
1.57% CALIFORNIA ST ENTERPRISE DEV AUTH LEASE REV 4%
1.57% TULARE CALIF LOC HEALTH CARE DIST 4%
1.50% CALIFORNIA MUN FIN AUTH STUDENT HSG REV 5%
1.43% JURUPA CALIF PUB FING AUTH SPL TAX REV 4%

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