About First Trust California Municipal High Income ETF (FCAL)

The First Trust California Municipal High Income ETF (FCAL) is an exchange-traded fund that focuses on investing in a diversified portfolio of California municipal bonds. The fund seeks to provide investors with a high level of tax-advantaged income by investing in municipal bonds issued by various municipalities across the state of California. With a ticker symbol FCAL, this ETF allows investors to gain exposure to California municipal bonds without the need to individually select and purchase the bonds themselves.

As of the latest quote, FCAL has a net asset value of $100 million, making it a relatively small ETF compared to others in the market. However, its compact size does not undermine its potential to provide investors with attractive returns. With an emphasis on high income, FCAL aims to provide a steady stream of tax-exempt income to investors while also diversifying their investment portfolio.