FCAL — First Trust California Municipal High Income ETF
Data updated: 2026-06-23
FCAL — First Trust California Municipal High Income ETF data: holdings, portfolio allocation, expenses, performance, cashflows, risk and SEC filings. Long Municipal - National Bond · $204.60M AUM · 0.65% expense ratio · 5.9% 1-yr return. From SEC regulatory filings.
FCAL Fund Overview
FCAL — First Trust California Municipal High Income ETF is a US ETF managed by First Trust Exchange-Traded Fund III, categorised as Long Municipal - National Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US ETF
- Manager: First Trust Exchange-Traded Fund III
- Category: Long Municipal - National Bond
- Assets under management: $204.60M
- 1-year return: 5.9%
- Ticker: FCAL
- SEC CIK: 0001424212
- SEC series ID: S000057894
- Share class ID: C000187865
FCAL Holdings
Top 10 holdings of First Trust California Municipal High Income ETF by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| San Francisco City And County Airport Commission (ca) | 1.49% |
| California St Enterprise Dev Auth | 1.31% |
| Stockton-East Wtr Dist Calif | 1.15% |
| California Health Facilities Financing Authority (ca) | 1.05% |
| Central Valley Energy Authority (ca) | 1.04% |
| Fresno Calif Jt Pwrs Fing Auth | 1.04% |
| California Community Choice Financing Authority (ca) | 1.03% |
| California Municipal Finance Authority (ca) | 0.99% |
| Irvine Ranch Water District (ca) | 0.98% |
| California Mun Fin Auth | 0.98% |
FCAL Portfolio Allocation
Asset-class allocation of First Trust California Municipal High Income ETF by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 98.6% |
FCAL Performance
Total returns for FCAL (as of 2026-08-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 1.2% |
| 1 year | 5.9% |
| 3 years (annualised) | 3.3% |
| 5 years (annualised) | 0.8% |
FCAL Risk Information
Risk metrics for FCAL, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 3.9%
FCAL Costs and Fees
FCAL costs about $65 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.65%
- Gross expense ratio: 0.65%
- Portfolio turnover: 58%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
FCAL Cashflows
Over the 12 months to 2026-04, First Trust California Municipal High Income ETF had net outflows of $80.62M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-04 | −$4.93M |
| 2026-03 | $2.44M |
| 2026-02 | $2.50M |
| 2026-01 | $2.48M |
| 2025-12 | $7.38M |
| 2025-11 | $4.94M |
FCAL Debt Constituents
Largest debt holdings of First Trust California Municipal High Income ETF by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| San Francisco City And County Airport Commission (ca) | 1.49% |
| California St Enterprise Dev Auth | 1.31% |
| Stockton-East Wtr Dist Calif | 1.15% |
| California Health Facilities Financing Authority (ca) | 1.05% |
| Central Valley Energy Authority (ca) | 1.04% |
| Fresno Calif Jt Pwrs Fing Auth | 1.04% |
| California Community Choice Financing Authority (ca) | 1.03% |
| California Municipal Finance Authority (ca) | 0.99% |
| Irvine Ranch Water District (ca) | 0.98% |
| California Mun Fin Auth | 0.98% |
FCAL Prospectus and SEC Filings
Official First Trust California Municipal High Income ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
Related Funds
Other Long Municipal - National Bond funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.