FCAL: First Trust California Municipal High Income ETF - MutualFunds.com
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First Trust California Muni Hi Inc ETF

FCAL - Snapshot

Vitals

  • YTD Return 1.9%
  • 3 Yr Annualized Return 5.6%
  • 5 Yr Annualized Return N/A
  • Net Assets $95.9 M
  • Holdings in Top 10 17.5%

52 WEEK LOW AND HIGH

$55.29
$52.04
$55.29

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.65%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 81.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $0
  • IRA N/A

Fund Classification

  • Primary Theme
  • Fund Type Exchange Traded Fund
  • Investment Style Muni California Long

Compare FCAL to Popular Municipal Bond Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$14.88

-0.07%

$85.72 B

-

$0.00

0.13%

0.17%

$11.26

0.00%

$36.46 B

-

$0.00

0.00%

0.17%

$13.76

0.00%

$26.46 B

-

$0.00

1.03%

0.52%

$117.20

-0.26%

$22.01 B

-

-

0.12%

0.07%

$15.94

0.00%

$21.98 B

-

$0.00

-0.06%

0.17%

FCAL - Profile

Distributions

  • YTD Total Return 2.0%
  • 3 Yr Annualized Total Return 5.6%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 2.28%
DIVIDENDS
  • Dividend Yield 0.7%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    First Trust California Municipal High Income ETF
  • Fund Family Name
    First Trust
  • Inception Date
    Jun 21, 2017
  • Shares Outstanding
    1750002
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Johnathan Wilhelm

Fund Description

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.


FCAL - Performance

Return Ranking - Trailing

Period FCAL Return Category Return Low Category Return High Rank in Category (%)
YTD 1.9% -2.2% 7.8% 8.87%
1 Yr 9.1% -1.3% 22.3% 12.87%
3 Yr 5.6%* 0.3% 10.0% 11.44%
5 Yr N/A* -0.6% 7.8% N/A
10 Yr N/A* -0.2% 9.6% N/A

* Annualized

Return Ranking - Calendar

Period FCAL Return Category Return Low Category Return High Rank in Category (%)
2020 1.3% -2.8% 310.0% 69.06%
2019 6.4% -0.3% 15.4% 4.34%
2018 -2.7% -10.3% 97.2% 73.58%
2017 N/A -100.0% 7.6% N/A
2016 N/A -7.9% 96.8% N/A

Total Return Ranking - Trailing

Period FCAL Return Category Return Low Category Return High Rank in Category (%)
YTD 2.0% -2.2% 7.8% 6.75%
1 Yr 9.1% -5.4% 22.3% 10.52%
3 Yr 5.6%* -1.7% 10.0% 10.37%
5 Yr N/A* -1.8% 7.8% N/A
10 Yr N/A* -0.4% 9.6% N/A

* Annualized

Total Return Ranking - Calendar

Period FCAL Return Category Return Low Category Return High Rank in Category (%)
2020 1.3% -2.8% 310.0% 69.06%
2019 6.4% -0.3% 15.4% 4.52%
2018 -2.7% -10.3% 11.0% 75.19%
2017 N/A -100.0% 7.6% N/A
2016 N/A -7.9% 3.0% N/A

FCAL - Holdings

Concentration Analysis

FCAL Category Low Category High FCAL % Rank
Net Assets 95.9 M 907 K 85.7 B 85.88%
Number of Holdings 235 3 11766 52.87%
Net Assets in Top 10 5.84 M -241 M 4.15 B 94.08%
Weighting of Top 10 17.50% 2.3% 100.0% 47.63%

Top 10 Holdings

  1. Future Contract On Us 10yr Ultra Fut Dec20 6.35%
  2. Future Contract On Us 10yr Ultra Fut Dec20 6.35%
  3. Future Contract On Us 10yr Ultra Fut Dec20 6.35%
  4. Future Contract On Us 10yr Ultra Fut Dec20 6.35%
  5. Future Contract On Us 10yr Ultra Fut Dec20 6.35%
  6. Future Contract On Us 10yr Ultra Fut Dec20 6.35%
  7. Future Contract On Us 10yr Ultra Fut Dec20 6.35%
  8. Future Contract On Us 10yr Ultra Fut Dec20 6.35%
  9. Future Contract On Us 10yr Ultra Fut Dec20 6.35%
  10. Future Contract On Us 10yr Ultra Fut Dec20 6.35%

Asset Allocation

Weighting Return Low Return High FCAL % Rank
Bonds
99.48% 65.18% 145.79% 34.58%
Cash
0.51% -45.79% 34.82% 63.52%
Stocks
0.00% -0.06% 2.34% 25.20%
Preferred Stocks
0.00% -0.94% 1.06% 23.05%
Other
0.00% -13.58% 30.00% 25.95%
Convertible Bonds
0.00% 0.00% 1.24% 23.11%

Bond Sector Breakdown

Weighting Return Low Return High FCAL % Rank
Municipal
99.51% 42.61% 100.00% 31.59%
Cash & Equivalents
0.49% 0.00% 34.82% 66.82%
Derivative
0.00% 0.00% 0.85% 22.94%
Securitized
0.00% 0.00% 7.07% 24.76%
Corporate
0.00% 0.00% 15.60% 36.82%
Government
0.00% 0.00% 50.29% 28.91%

Bond Geographic Breakdown

Weighting Return Low Return High FCAL % Rank
US
95.64% 65.18% 141.11% 56.23%
Non US
3.84% 0.00% 23.68% 19.01%

FCAL - Expenses

Operational Fees

FCAL Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.65% 0.01% 16.95% 63.50%
Management Fee 0.65% 0.00% 1.12% 97.73%
12b-1 Fee 0.00% 0.00% 1.00% 4.26%
Administrative Fee N/A 0.01% 0.47% N/A

Sales Fees

FCAL Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 5.75% N/A
Deferred Load N/A 0.25% 5.50% N/A

Trading Fees

FCAL Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 1.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FCAL Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 81.00% 0.00% 299.40% 93.42%

FCAL - Distributions

Dividend Yield Analysis

FCAL Category Low Category High FCAL % Rank
Dividend Yield 0.69% 0.00% 1.75% 0.91%

Dividend Distribution Analysis

FCAL Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

FCAL Category Low Category High FCAL % Rank
Net Income Ratio 2.28% -1.65% 5.71% 48.31%

Capital Gain Distribution Analysis

FCAL Category Low Category High Capital Mode
Capital Gain Distribution Frequency

Dividend Payout History

View More +

FCAL - Fund Manager Analysis

Managers

Johnathan Wilhelm


Start Date

Tenure

Tenure Rank

Jun 21, 2017

3.95

4.0%

Johnathan N. Wilhelm was born in 1966. Mr. Wilhelm earned a B.S. in Business from Miami University of Ohio and has a J.D. from DePaul University College of Law. He has been with First Trust Advisors L.P. since 2013 and he is a Portfolio Manager responsible for managing municipal bond portfolios. Prior to joining First Trust Advisors L.P., Mr. Wilhelm held various positions in portfolio management and credit research.

J. Thomas Futrell


Start Date

Tenure

Tenure Rank

Jun 21, 2017

3.95

4.0%

J. Thomas Futrell, CFA was born in 1955. Mr. Futrell earned a B.A. in Economics from Wheaton College and an M.B.A. from Northern Illinois University. He has been with First Trust Advisors L.P. since 2013 and he is a Portfolio Manager responsible for managing municipal bond portfolios. Prior to joining First Trust Advisors L.P., Mr. Futrell held various positions in portfolio management and research. Mr. Futrell earned the Chartered Financial Analyst (CFA) charter designation in 1989. The CFA charter is a globally respected, graduate-level investment credential established in 1962 and awarded by CFA Institute — the largest global association of investment professionals. The CFA Program curriculum provides a comprehensive framework of knowledge for investment decision making and is firmly grounded in the knowledge and skills used every day in the investment profession. The three levels of the CFA Program test a proficiency with a wide range of fundamental and advanced investment topics, including ethical and professional standards, fixed-income and equity analysis, alternative and derivative investments, economics, financial reporting standards, portfolio management, and wealth planning.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 36.19 7.08 0.58