First TrustMuni Single StateFCAL · Nasdaq

First Trust California Municipal High Income ETF (FCAL)

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Price: $47.48; —11 Sept 2026
Assets: $219.7M; Total net assets
Expense ratio: 0.49%; Category 0.79%
Yield: 3.48%; Trailing distributions

1Y return: 0.6%+0.4%; Category 0.3%
3Y CAGR: 2.7%+0.1%; Category 2.6%
5Y CAGR: -0.1%+0.4%; Category -0.5%

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First Trust California Municipal High Income ETF

Calendar-year returns

Fund only: no comparison series covers this fund's history.

Risk statistics

Five years of daily closes. Risk-free rate 4% a year.

Standard deviation: —
Maximum drawdown: —
Sharpe ratio: —
Sortino ratio: —
Beta: —
Alpha: —
R²: —
Information ratio: —
Upside capture: —
Downside capture: —
Tracking error: —

Trailing returns compared with benchmark
Period	1M	3M	6M	YTD	1Y	3YCAGR	5YCAGR	10YCAGR	LaunchCAGR
ETF	-2.7%	-3.2%	-2.4%	-1.5%	+0.6%	+2.7%	-0.1%	—	+2.2%
Muni Single State average	-2.5%	-2.8%	-1.9%	-1.3%	0.3%	2.6%	-0.5%	1.3%	1.1%
Difference	-0.2%	-0.4%	-0.4%	-0.2%	+0.4%	+0.1%	+0.4%	—	+1.0%

Holdings

Allocation as last published by the fund.

Credit quality

Share of the bonds by rating.

AAA5.1%
AA45.4%
A19.2%
BBB10.4%
BB1.8%
Other18.0%

Asset mix

Bonds99.3%
Cash0.7%

ETF details

Issuer: First Trust
Category: Fixed Income · Muni Single State
Ticker: FCAL
Exchange: Nasdaq
Inception: 20 Jun 2017 (9.2 years)
Structure: Exchange Traded Fund
Expense ratio: 0.49% (category 0.79%)
Holdings turnover: 58% (category 32%)
Distribution yield: 3.48%
Beta, 3 years: 0.86
Total net assets: $219.7M
Average duration: 4.81 years
Average maturity: 10.28 years

Prices and returns as of 11 Sept 2026; total return with distributions reinvested, before brokerage and taxes. Not investment advice.

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