FCALFirst Trust California Municipal High Income ETF

Get income8y track recordRanked #665 of 1,622 in this goal

Seeks to provide current income exempt from federal and California income taxes, and long-term capital appreciation.

By First Trust · Launched 2017

Annual Cost

0.49%

#2,404 of 5,562 · average

Fund Size

$220M

#2,234 of 5,562 · mid-size

Dividend YieldGoal

3.33%

Track Record

8 years

#1,575 of 5,562 · established

Performance

Total-return NAV · USD

Growth of $10,000

$10,692+6.9%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Fixed income

Region

North america

Strategy

Active selection

What it actually holds

By weight

Concentration

Top 10 holdings = 11.1% of fund✓ well diversified

SAN FRANCISCO CA CITY &CNTY AR

1.5%

CALIFORNIA ST ENTERPRISE DEV A

1.3%

STOCKTON-EAST CA WTR DIST

1.1%

CENTRL VLY CA ENERGY AUTH COMM

1.1%

CALIFORNIA CMNTY CHOICE FING A

1.0%

FRESNO CA JT PWRS FING AUTH LE

1.0%

CALIFORNIA ST HLTH FACS FING A

1.0%

CALIFORNIA ST MUNI FIN AUTH MF

1.0%

CALIFORNIA ST MUNI FIN AUTH SO

1.0%

IRVINE RANCH CA WTR DIST

1.0%

Asset allocation

Bonds

97.1%

Cash

2.9%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years

Volatility (1Y)

2.7%Low

Year-on-year price swings

Max drawdown

-14.8%Mild

Worst peak-to-trough loss

Sharpe (3Y)

0.04Below average

Sortino (3Y)

0.05Moderate downside risk

Bond profile

Duration

4.8 years

Avg maturity

10.5 years

Credit ratings

AAA

4.2%

43.7%

20.4%

BBB

12.0%

1.9%

Other

17.8%

Where to buy

Listing

Exchange: NASDAQ Global Select Market

Full fund details

Objective: Seeks to provide current income exempt from federal and California income taxes, and long-term capital appreciation.
Strategy: Invests primarily in municipal debt securities exempt from federal and California income taxes, focusing on those issued by California. At least 80% of net assets will be in these securities, with a limit of 20% in those from U.S. territories. The Fund targets investment grade securities, with up to 50% in non-investment grade, including distressed securities. May invest in derivatives. The Fund aims for current income and long-term capital appreciation while managing credit quality and tax implications.
Inception date: June 20, 2017
Fund family: First Trust