FCAL – First Trust California Municipal High Income ETF

First Trust California Municipal High Income ETF (FCAL) is a Muni California Long ETF, issued by First Trust, $205M in assets, 0.65% expense ratio.

Returns as of Oct 23, 2026: 1 week +0.9%, 1 year +3.5%.

California municipal debt securities, focusing on tax-exempt income. Up to 50% in high yield bonds.

Top holdings

• TNM23 – TNM23, 3.7%

Important ETFs