FCAL
Closed
First Trust California Municipal High Income Etf
47.956
-0.014 (-0.03%)
Last Update: 01 Jul 2025 23:15:00
Yesterday: 47.97
Day's Range: 47.92 - 48.01
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When Written:
49.31
The First Trust California Municipal High Income ETF (ticker symbol FCAL) is an exchange-traded fund that seeks to provide investment results that correspond to the price and yield performance of the Bloomberg Barclays California Municipal Bond Index. This index is designed to track the performance of investment-grade California municipal bonds.
The FCAL ETF was launched on June 20, 2019, and is managed by First Trust Advisors L.P. It has an expense ratio of 0.50%, which is relatively low compared to other municipal bond ETFs.
The FCAL ETF invests primarily in municipal bonds issued by California state and local governments, including cities, counties, school districts, and other public entities. The fund's investment objective is to provide income that is exempt from federal and California state income taxes.
As of September 30, 2021, the FCAL ETF had total net assets of $93.7 million and held 354 different bonds in its portfolio. The average duration of the portfolio was 5.47 years, and the average credit quality was A.
Investors interested in the FCAL ETF should be aware that investing in municipal bonds involves risks, such as interest rate risk, credit risk, and market risk. Additionally, the tax-exempt status of the income generated by the fund may be affected by changes in tax laws or the financial condition of the issuers of the bonds held by the fund.
Note: This message is generated by artificial intelligence; it does not guarantee the accuracy of the information it contains and should not be considered as investment advice.
The FCAL ETF was launched on June 20, 2019, and is managed by First Trust Advisors L.P. It has an expense ratio of 0.50%, which is relatively low compared to other municipal bond ETFs.
The FCAL ETF invests primarily in municipal bonds issued by California state and local governments, including cities, counties, school districts, and other public entities. The fund's investment objective is to provide income that is exempt from federal and California state income taxes.
As of September 30, 2021, the FCAL ETF had total net assets of $93.7 million and held 354 different bonds in its portfolio. The average duration of the portfolio was 5.47 years, and the average credit quality was A.
Investors interested in the FCAL ETF should be aware that investing in municipal bonds involves risks, such as interest rate risk, credit risk, and market risk. Additionally, the tax-exempt status of the income generated by the fund may be affected by changes in tax laws or the financial condition of the issuers of the bonds held by the fund.
Note: This message is generated by artificial intelligence; it does not guarantee the accuracy of the information it contains and should not be considered as investment advice.
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