FCAL
·NASDAQ
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Key Stats
Assets Under Management
201.79MUSD
Fund Flows (1Y)
-66.39MUSD
Dividend Yield
3.23%
Discount/Premium to NAV
0.06%
Shares Outstanding
2.10M
Expense Ratio
0.65%
About First Trust California Municipal High Income ETF
Issuer
First Trust Advisors L.P.
Brand
First Trust
Inception Date
Jun 20, 2017
Structure
Open-Ended Fund
Index Tracked
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Management Style
Active
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
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
Asset Class
Fixed Income
Category
Government, Local Authority/Municipal
Focus
Investment Grade
Niche
Broad Maturities
Strategy
Active
Geography
U.S.
Weighting Scheme
Proprietary
Selection Criteria
Proprietary
Returns
1-Month | 3-Month | YTD | 1-Year | 3-Year | 5-Year | |
|---|---|---|---|---|---|---|
Price Performance | +0.11% | +1.35% | -0.60% | -0.29% | +1.82% | -8.85% |
NAV Total Return | +0.13% | +1.94% | +3.06% | +3.52% | +11.13% | +4.45% |
Ratings
No data is currently available
Ainvest’s AI-powered ETF Scoring Algorithm, built to help retail investors make smarter, data-driven decisions. Leveraging deep learning, reinforcement learning, and large language models, the algorithm scores ETFs across five key dimensions: Fund Flow, Momentum, Safety, Fundamentals, and Performance. Each factor is weighted by its correlation to future returns, resulting in a single, actionable score. Backtested over five years with consistently strong predictive accuracy. Ainvest brings institutional-grade artificial intelligence to everyday investors—transforming complexity into clarity with every score.
Holdings Analysis
Sector
No data is currently available
Asset
No data is currently available
Region
No data is currently available
Investment Style
No data is currently available
Top 10 Holdings
Symbol
Ratio
SAN FRANCISCO CALIF CITY & CNTY ARPTS COMMN 5%, due 05/01/2049
1.53%
CALIFORNIA ST ENTERPRISE DEV AUTH 5.25%, due 11/01/2049
1.34%
STOCKTON-EAST CA WTR DIST 5%, due 03/01/2050
1.18%
US Dollar
1.14%
CENTRL VLY CA ENERGY AUTH COMMODITY SPLY REV Variable rate, due 12/01/2055
1.10%
FRESNO CA JT PWRS FING AUTH 5.25%, due 04/01/2050
1.07%
CALIFORNIA ST HLTH FACS FING AUTH 5%, due 12/01/2044
1.06%
SANTA BARBARA CA FIN AUTH LEASE REV 4%, due 05/15/2042
1.02%
CALIFORNIA ST MUNI FIN AUTH MF HSG REV 4.45%, due 12/01/2042
1.02%
ANAHEIM CA HSG & PUBLIC IMPT AUTH Variable rate, due 10/01/2054
1.00%
Top 10 Weight 11.46%
262 Total Holdings
Dividends
Dividend Payout History
Declaration Date | Record Date | Payment Date | Amount |
|---|---|---|---|
| 2025-12-12 | 2025-12-12 | 2025-12-31 | 0.136 |
| 2025-11-21 | 2025-11-21 | 2025-11-28 | 0.136 |
| 2025-10-21 | 2025-10-21 | 2025-10-31 | 0.135 |
| 2025-09-25 | 2025-09-25 | 2025-09-30 | 0.135 |
| 2025-08-21 | 2025-08-21 | 2025-08-29 | 0.133 |
| 2025-07-22 | 2025-07-22 | 2025-07-31 | 0.132 |
| 2025-06-26 | 2025-06-26 | 2025-06-30 | 0.132 |
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Premium/Discount Chart
Premium/Discount to NAV
Price
1M
Assets Under Management
Assets Under Management
1M
Fund Flows
Inflows
Outflows
1M
