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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 People Pillar and Process 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 —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 10.0
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

LOS ANGELES CALIF 5%

1.66 3.5 Mil
Cash and Equivalents

IRVINE CALIF SPL TAX 5.25%

1.55 3.3 Mil
municipal

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

1.46 3.1 Mil
municipal

IRVINE CALIF FACS FING AUTH LEASE REV 5.25%

1.45 3.1 Mil
municipal

CALIFORNIA INFRASTRUCTURE & ECONOMIC DEV BK REV 3.95%

1.41 3.0 Mil
municipal

LOS ANGELES CALIF DEPT WTR & PWR REV 4.1%

1.41 3.0 Mil
municipal

OCEANSIDE CALIF UNI SCH DIST 0%

1.21 2.6 Mil
municipal

Cash

1.15 2.4 Mil
Cash and Equivalents

RIVER ISLANDS PUB FING AUTH CALIF SPL TAX 4.5%

1.13 2.4 Mil
municipal

UNIVERSITY CALIF REVS 5%

1.05 2.2 Mil
municipal