First Trust California Municipal High Income ETF

Frequently Asked Questions About FCAL

What are the top holdings of FCAL?

First Trust California Municipal High Income ETF holds 279 securities in total. The largest positions and their portfolio weights are listed on the Holdings tab.

How many holdings does FCAL have?

FCAL holds 279 positions as reported by the fund's most recent disclosure.

What sectors does FCAL invest in?

First Trust California Municipal High Income ETF (FCAL) allocates across the sectors shown above. The largest exposure tops the list; the rest follow in descending weight order.

What sector is FCAL most exposed to?

FCAL's full sector breakdown is on the Sectors tab. The largest sector weight is shown there along with the rest of the allocation.

Is FCAL a US-only fund?

The country allocation card on this page shows FCAL's geographic exposure. Funds with > 95% US weight are effectively US-only; international or global funds will show meaningful weights across multiple countries.

What does FCAL invest in?

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.