What are the top holdings of FCAL?

First Trust California Municipal High Income ETF holds 309 securities in total. The largest positions and their portfolio weights are listed on the Holdings tab.

How many holdings does FCAL have?

FCAL holds 309 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.

FCAL

First Trust California Municipal High Income ETF

NASDAQ·Asset Management · Financial Services

$48.66$0.28−0.56%

Jul 23 5:47 PM UTC

Top Holdings

279

holdings

SAN FRANCISCO CALIF CITY & CNTY ARPTS COMMN 5%, due 05/01/2049
1.40%
CALIFORNIA ST ENTERPRISE DEV AUTH 5.25%, due 11/01/2049
1.22%
STHRN CA PUBLIC PWR AUTH REV 5%, due 11/01/2033
1.20%
STOCKTON-EAST CA WTR DIST 5%, due 03/01/2050
1.07%
CALIFORNIA ST HLTH FACS FING AUTH 5%, due 12/01/2044
0.98%
FRESNO CA JT PWRS FING AUTH 5.25%, due 04/01/2050
0.97%
CENTRL VLY CA ENERGY AUTH COMMODITY SPLY REV Variable rate, due 12/01/2055
0.97%
CALIFORNIA CMNTY CHOICE FING AUTH Variable rate, due 05/01/2054
0.96%
CALIFORNIA ST PUBLIC WKS BRD 4%, due 05/01/2037
0.94%
CALIFORNIA ST MUNI FIN AUTH MF HSG REV 4.45%, due 12/01/2042
0.91%
Other
269 more holdings
89.38%

Top 10 holdings

10.62%

Top 25 holdings

22.65%

Concentration index

0.0053

Effective holdings

190

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All Holdings (279)

#	Name	Weight	Market Value
1	SAN FRANCISCO CALIF CITY & CNTY ARPTS COMMN 5%, due 05/01/2049	1.40%	$3.07M
2	CALIFORNIA ST ENTERPRISE DEV AUTH 5.25%, due 11/01/2049	1.22%	$2.67M
3	STHRN CA PUBLIC PWR AUTH REV 5%, due 11/01/2033	1.20%	$2.64M
4	STOCKTON-EAST CA WTR DIST 5%, due 03/01/2050	1.07%	$2.35M
5	CALIFORNIA ST HLTH FACS FING AUTH 5%, due 12/01/2044	0.98%	$2.14M
6	FRESNO CA JT PWRS FING AUTH 5.25%, due 04/01/2050	0.97%	$2.13M
7	CENTRL VLY CA ENERGY AUTH COMMODITY SPLY REV Variable rate, due 12/01/2055	0.97%	$2.12M
8	CALIFORNIA CMNTY CHOICE FING AUTH Variable rate, due 05/01/2054	0.96%	$2.10M
9	CALIFORNIA ST PUBLIC WKS BRD 4%, due 05/01/2037	0.94%	$2.06M
10	CALIFORNIA ST MUNI FIN AUTH MF HSG REV 4.45%, due 12/01/2042	0.91%	$2.00M
11	CALIFORNIA ST MUNI FIN AUTH SOL WST DISP Variable rate, due 11/01/2041	0.91%	$2.00M
12	ANAHEIM CA HSG & PUBLIC IMPT AUTH Variable rate, due 10/01/2054	0.91%	$2.00M
13	IRVINE RANCH CA WTR DIST Variable rate, due 10/01/2041	0.91%	$2.00M
14	CALIFORNIA ST MUNI FIN AUTH MF HSG REV 4.40%, due 12/01/2043	0.90%	$1.98M
15	FONTANA CA SPL TAX 5%, due 09/01/2039	0.86%	$1.88M
16	CENTRL VLY CA ENERGY AUTH COMMODITY SPLY REV 5%, due 08/01/2034	0.80%	$1.75M
17	BURBANK GLENDALE PASADENA CA ARPT AUTH 5.25%, due 07/01/2049	0.77%	$1.70M
18	RIVERSIDE CA SWR REVENUE 5%, due 08/01/2040	0.77%	$1.68M
19	CSCDA CMNTY IMPT AUTH CA ESSENTIAL HSG REV 4%, due 07/01/2056	0.76%	$1.66M
20	SANTA CLARA CA WSTWTR REV CTFS PARTN 4.25%, due 02/01/2041	0.75%	$1.65M

Showing 20 of 279

Sectors

The fund issuer's factsheet may carry this breakdown directly.

Countries

US-only and narrow-mandate funds may not publish a country split.

Asset Classes

Primary asset class

Fixed income

Strategy

Thematic

Income strategy

Bond yield

Issuer-reported asset class: Municipal Bond

Frequently Asked Questions About FCAL

What are the top holdings of FCAL?: First Trust California Municipal High Income ETF holds 309 securities in total. The largest positions and their portfolio weights are listed on the Holdings tab.
How many holdings does FCAL have?: FCAL holds 309 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.

Ticker

Name

Weight

Market Value

SAN FRANCISCO CALIF CITY & CNTY ARPTS COMMN 5%, due 05/01/2049

1.40%

0.00

$3.07M

CALIFORNIA ST ENTERPRISE DEV AUTH 5.25%, due 11/01/2049

1.22%

0.00

$2.67M

STHRN CA PUBLIC PWR AUTH REV 5%, due 11/01/2033

1.20%

0.00

$2.64M

STOCKTON-EAST CA WTR DIST 5%, due 03/01/2050

1.07%

0.00

$2.35M

CALIFORNIA ST HLTH FACS FING AUTH 5%, due 12/01/2044

0.98%

0.00

$2.14M

FRESNO CA JT PWRS FING AUTH 5.25%, due 04/01/2050

0.97%

0.00

$2.13M

CENTRL VLY CA ENERGY AUTH COMMODITY SPLY REV Variable rate, due 12/01/2055

0.97%

0.00

$2.12M

CALIFORNIA CMNTY CHOICE FING AUTH Variable rate, due 05/01/2054

0.96%

0.00

$2.10M

CALIFORNIA ST PUBLIC WKS BRD 4%, due 05/01/2037

0.94%

0.00

$2.06M

CALIFORNIA ST MUNI FIN AUTH MF HSG REV 4.45%, due 12/01/2042

0.91%

0.00

$2.00M

CALIFORNIA ST MUNI FIN AUTH SOL WST DISP Variable rate, due 11/01/2041

0.91%

0.00

$2.00M

ANAHEIM CA HSG & PUBLIC IMPT AUTH Variable rate, due 10/01/2054

0.91%

0.00

$2.00M

IRVINE RANCH CA WTR DIST Variable rate, due 10/01/2041

0.91%

0.00

$2.00M

CALIFORNIA ST MUNI FIN AUTH MF HSG REV 4.40%, due 12/01/2043

0.90%

0.00

$1.98M

FONTANA CA SPL TAX 5%, due 09/01/2039

0.86%

0.00

$1.88M

CENTRL VLY CA ENERGY AUTH COMMODITY SPLY REV 5%, due 08/01/2034

0.80%

0.00

$1.75M

BURBANK GLENDALE PASADENA CA ARPT AUTH 5.25%, due 07/01/2049

0.77%

0.00

$1.70M

RIVERSIDE CA SWR REVENUE 5%, due 08/01/2040

0.77%

0.00

$1.68M

CSCDA CMNTY IMPT AUTH CA ESSENTIAL HSG REV 4%, due 07/01/2056

0.76%

0.00

$1.66M

SANTA CLARA CA WSTWTR REV CTFS PARTN 4.25%, due 02/01/2041

0.75%

0.00

$1.65M