Morningstar

First Trust California Municipal High Income ETF FCAL

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

Morningstar’s Analysis FCAL

Will FCAL outperform in the 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.

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

First Trust California Muni Hi Inc ETF holds a quantitatively derived Silver Morningstar Medalist Rating. The rating reflects that it has scored well on factors Morningstar research associates with future outperformance relative to category peers.

by Morningstar Automated Analysis
Rated on Published on

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Portfolio Holdings FCAL

More FCAL Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 10.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

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

1.40 3M
municipal

CALIFORNIA ST ENTERPRISE DEV AUTH LEASE REV 5.25%

1.22 3M
municipal

SOUTHERN CALIF PUB PWR AUTH REV 5%

1.21 3M
municipal

STOCKTON-EAST WTR DIST CALIF CTFS PARTN 5%

1.08 2M
municipal

CALIFORNIA HEALTH FACS FING AUTH REV 5%

0.98 2M
municipal

FRESNO CALIF JT PWRS FING AUTH LEASE REV 5.25%

0.97 2M
municipal

CENTRAL VY ENERGY AUTH CALIF COMMODITY SUPPLY REV 5%

0.97 2M
municipal

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5%

0.96 2M
municipal

CALIFORNIA ST PUB WKS BRD LEASE REV 4%

0.94 2M
municipal

CALIFORNIA MUN FIN AUTH MULTIFAMILY HSG REV 4.45%

0.91 2M
municipal

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