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About First Trust California Municipal High Income ETF
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Inception date
Jun 20, 2017
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
First Trust Advisors LP
Distributor
First Trust Portfolios LP
ISIN
US33739P8639
FCAL utilizes an active approach to a niche pocket of the municipal bond space. The fund targets municipal securities with interest income that is exempted from federal and California state income tax. The fund generally will hold muni bonds issued by the state of California and its political subdivisions. FCAL has a long leash, it can hold investment-grade, high-yield, and distressed securities. The fund will keep its weighted average maturity under 14 years. Overall, FCAL might appeal to investors in California who are looking for tax-exempted income and are willing to pay a premium for active management.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Municipal
Bonds, Cash & Other100.00%
Municipal98.43%
Cash1.34%
Securitized0.22%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
FCAL invests in bonds. The fund's major sectors are Municipal, with 98.43% stocks, and Securitized, with 0.22% of the basket. The assets are mostly located in the N/A region.
FCAL last dividends amounted to 0.13 USD. The month before, the issuer paid 0.13 USD in dividends, which shows a 0.75% increase.
FCAL assets under management is 188.51 M USD. It's fallen 3.78% over the last month.
FCAL fund flows account for −61.25 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, FCAL pays dividends to its holders with the dividend yield of 3.18%. The last dividend (Aug 29, 2025) amounted to 0.13 USD. The dividends are paid monthly.
FCAL shares are issued by AJM Ventures LLC under the brand First Trust. The ETF was launched on Jun 20, 2017, and its management style is Active.
FCAL expense ratio is 0.65% meaning you'd have to pay 0.65% of your investment to help manage the fund.
FCAL follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
FCAL invests in bonds.
FCAL price has risen by 2.47% over the last month, and its yearly performance shows a −2.45% decrease. See more dynamics on FCAL price chart.
NAV returns, another gauge of an ETF dynamics, showed a 2.51% increase in three-month performance and has decreased by −0.45% in a year.
NAV returns, another gauge of an ETF dynamics, showed a 2.51% increase in three-month performance and has decreased by −0.45% in a year.
FCAL trades at a premium (0.05%) meaning the ETF is trading at a higher price than the calculated NAV.