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Morningstar

First Trust California Muni Hi Inc ETF FCAL

Morningstar Medalist Rating
Medalist Rating as of | See First Trust Investment Hub

Morningstar’s Analysis FCAL

Will FCAL outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FCAL’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the FCAL management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

The Parent Pillar is our rating of FCAL’s parent organization’s priorities and whether they’re in line with investors’ interests.

First Trust California Muni Hi Inc ETF's Average Process Pillar and People Pillar ratings result in a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The strategy charges fees in line with its similarly distributed peers, priced within the middle quintile.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings FCAL

More FCAL Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 243
  • Other Holdings 1
  • % Assets in Top 10 Holdings 1.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Us Dollars

2.51
3,352,333
Cash and Equivalents

IRVINE CALIF SPL TAX 5.25%

1.59
2,124,304
municipal

UNIVERSITY CALIF REVS 5%

1.59
2,121,603
municipal

SAN FRANCISCO CALIF CITY & CNTY ARPTS COMMN INTL ARPT REV 5%

1.57
2,095,967
municipal

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 4%

1.57
2,095,843
municipal

IRVINE CALIF FACS FING AUTH LEASE REV 5.25%

1.53
2,040,240
municipal

CALIFORNIA POLLUTN CTL FING AUTH SOLID WASTE DISP REV 3.75%

1.31
1,749,242
municipal

SAN DIEGO CALIF UNI SCH DIST 5%

1.19
1,588,529
municipal

CALIFORNIA MUN FIN AUTH REV 5%

1.17
1,556,984
municipal

SANGER CALIF FING AUTH WASTEWATER REV 5%

1.16
1,542,791
municipal