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FCAL
+0.81 · +1.67%
$49.49 · NASDAQ

First Trust California Municipal High Income ETF (FCAL) ETF Analysis | Muni California Long

First Trust · USA
AUM:$209.8M
#– of – in Muni California Long ETFs

Educational tool only – Figures are based on historical data, holdings and expense metrics for informational purposes. This is not financial advice or a recommendation to buy or sell any security. Always conduct your own research or consult a qualified financial adviser.

Market Performance

FCAL returned +4.3% over the past year, broadly in line with flat market conditions.

Cost Efficiency

Ongoing charge of 0.65% — moderate cost. Consider how fees compound over long holding periods.

What is FCAL?

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.

Performance Highlights

Returns (%)
Cost & Yield (%)

Investment Breakdown

Modest 1-Year Return
FCAL returned 4.3% over the past year.
Moderate Cost
Expense ratio of 0.65%. Consider how fees compound over a long holding period.
Broadly Diversified
Top 10 holdings represent just 3.7% of the ETF — exposure spread across many positions.
ETF Information
AUM$209.8M
Expense Ratio0.65%
Dividend Yield3.23%
Holdings1
Inception DateJun 2017
Domicile–
Distribution–
Index–
ProviderFirst Trust
Beta0.83
CategoryMuni California Long
CurrencyUSD
Portfolio Impact

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6168
+7 points · better diversified

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Uses ISF.L (iShares FTSE 100 ETF)
Indicators

Performance Metrics

Historical returns

6M
-3.1%
1Y
+3.6%
3Y
+9.2%
5Y
+0.1%
OpenBook InsightIf you had invested £10,000 in FCAL 5 years ago, it would have grown to £10,010 — a gain of £10.

Annual Returns

Calendar year performance

FCAL delivered positive returns in 3 of the last 5 calendar years.
YearFCAL
2026 YTD-1.1%
2025+3.3%
2024+1.8%
2023+6.2%
2022-9.4%
CAGR 4yr+0.3%
3/5 positive yearsAvg return: +0.2%Worst year: -9.4% (2022)

Technical Analysis Summary

Automated insights from historical price action and indicators

Technical Regime: NEGATIVE
Trend Strength
0%
Negative
Volatility
3.9%
Low
Momentum
-1.8%
30-day change
Support Level
48.37
Key floor
Key Insights
  • Price is currently below all major moving averages, indicating a weaker trend profile.
  • Price is consolidating, with low momentum over the recent period.
  • Low volatility environment with a narrower recent trading range.
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