FCALFirst Trust California Municipal High Income ETF
Seeks current income exempt from federal and California income taxes and long-term capital appreciation.
By First Trust · Launched 2017
Annual Cost
0.49%
#2,481 of 5,861 · average
Fund Size
$223M
#2,271 of 5,861 · mid-size
Dividend YieldGoal
3.34%
Track Record
9 years
#1,546 of 5,861 · established
Performance
Total-return NAV · USDGrowth of $10,000
$10,532+5.3%
Total-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundWhat it actually holds
By weightConcentration
Top 10 holdings = 11.1% of fund✓ well diversified
SAN FRANCISCO CITY AND COUNTY AIRPORT COMMISSION (CA)
1.5%
CALIFORNIA ST ENTERPRISE DEV AUTH
1.3%
STOCKTON-EAST WTR DIST CALIF
1.2%
CALIFORNIA HEALTH FACILITIES FINANCING AUTHORITY (CA)
1.1%
CENTRAL VALLEY ENERGY AUTHORITY (CA)
1.0%
FRESNO CALIF JT PWRS FING AUTH
1.0%
CALIFORNIA COMMUNITY CHOICE FINANCING AUTHORITY (CA)
1.0%
CALIFORNIA MUNICIPAL FINANCE AUTHORITY (CA)
1.0%
IRVINE RANCH WATER DISTRICT (CA)
1.0%
CALIFORNIA MUN FIN AUTH
1.0%
Asset allocation
Bonds
99.8%
Cash
0.2%
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsVolatility (1Y)
2.8%Low
Year-on-year price swings
Max drawdown
-15.0%Mild
Worst peak-to-trough loss
Sharpe (3Y)
-0.17Below average
Sortino (3Y)
-0.23Moderate downside risk
Bond profile
Duration
4.8 years
Avg maturity
10.6 years
Credit ratings
AAA
4.7%
AA
45.5%
A
19.2%
BBB
10.8%
BB
1.8%
Other
18.0%
Listing
- Exchange
- NASDAQ Global Select Market
Full fund details
- Objective
- Seeks current income exempt from federal and California income taxes and long-term capital appreciation.
- Strategy
- Invests primarily in municipal debt securities issued by or on behalf of the State of California and U.S. territories, aiming for current income exempt from federal and California taxes. At least 50% of assets will be in investment-grade securities, with a limit of 50% in high-yield bonds, including distressed securities.
- Inception date
- June 20, 2017
- Fund family
- First Trust
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Data updated on 2026-08-04