# First Trust California Municipal High Income ETF (FCAL) — Overview

FCAL · NASDAQ · Fund

Canonical page: https://www.lighthorse.io/tickers/fcal

## Price

Last close $46.89 on Oct 15, 2026. 52-week range $45.90 – $50.08.

## Fund profile

FCAL is an actively managed fund that targets fixed income securities of various maturities and credit ratings, with interest income that is exempted from federal and California state income tax.

| Metric | Value |
| --- | --- |
| Issuer | First Trust Advisors L.P. |
| Industry | — |
| Inception | Jun 20, 2017 |
| Assets under management | $209.6M |
| Expense ratio | 0.49% |
| Net asset value | $46.57 (as of Oct 14, 2026) |
| Distributions | Monthly |
| Leverage | 1x |

## Frequently Asked Questions

### What is First Trust California Municipal High Income ETF (FCAL)?

FCAL is an actively managed fund that targets fixed income securities of various maturities and credit ratings, with interest income that is exempted from federal and California state income tax.

### What is FCAL's expense ratio?

First Trust California Municipal High Income ETF charges an annual expense ratio of 0.49%. The fund is issued by First Trust Advisors L.P..

### How large is FCAL?

First Trust California Municipal High Income ETF manages $209.6M in assets and has traded since Jun 20, 2017.

### How do I buy shares of First Trust California Municipal High Income ETF (FCAL)?

FCAL trades commission-free with a Light Horse Securities brokerage account — from the mobile app, the web at [Light Horse Dashboard](https://portal.lighthorse.io), the trading API, or an [AI agent connected over MCP](/instructions/ai/claude). The trade panel on this page places the order once you are signed in.

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Quotes and charts are not real-time and must not be relied on for trade decisions or valuation.

This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.

Data provided by [AInvest](https://www.ainvest.com).