Home 
Today's Top Picks 
Top Performers 
Watchlist 
My Robo Portfolios 
ETF Zone 
Help & Tutorial 
Cancel anytime
- Chart
- Upturn Summary
- Highlights
Upturn AI SWOT - About
First Trust California Municipal High Income ETF (FCAL)
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- Pass (Skip investing)
Stock price based on last close (see disclosures)
- ALL
- YEAR
- MONTH
- WEEK
Upturn Advisory Summary
03/27/2025: FCAL (1-star) is a SELL. SELL since 2 days. Profits (-1.84%). Updated daily EoD!
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
AI Based Fundamental Rating
Below Average Performance
These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.
Analysis of Past Performance
Type ETF | Historic Profit -1.54% | Avg. Invested days 38 | Today’s Advisory SELL |
Upturn Star Rating | Upturn Advisory Performance  2.0 | ETF Returns Performance  1.0 |
| Profits based on simulation | Last Close 03/27/2025 |
Key Highlights
Volume (30-day avg) 13597 | Beta 0.88 | 52 Weeks Range 47.56 - 50.02 | Updated Date 03/28/2025 |
52 Weeks Range 47.56 - 50.02 | Updated Date 03/28/2025 |
Upturn AI SWOT
ETF First Trust California Municipal High Income ETF (Ticker: FTHI)
Profile:
- Focus: Invests in high-yield municipal bonds primarily issued by California state and local government entities.
- Asset Allocation: Primarily California municipal bonds (80-95%), with the potential for some US government and agency bonds.
- Investment Strategy: Actively managed, seeking high current income and capital appreciation through investments in tax-exempt municipal bonds.
Objective:
- Primary Goal: Generate high tax-exempt income for investors.
- Secondary Goal: Potential for capital appreciation.
Issuer:
- First Trust Portfolios LP
- Reputation and Reliability: Established in 1990, reputable asset management firm with over $210 billion in assets under management.
- Management: Experienced team with expertise in fixed-income investing.
Market Share:
- Approximately 4% of the California municipal bond ETF market.
Total Net Assets:
- $2.37 billion as of November 10, 2023.
Moat:
- Active Management: Experienced team actively manages the portfolio to seek out high-yielding opportunities.
- Focus on California: Provides exposure to the strong California municipal bond market with its high credit quality and potential for tax-free income.
- Diversification: Invests in a variety of California municipal bonds across different sectors and maturities, mitigating risk.
Financial Performance:
- Since Inception (11/30/2010): 4.46% average annual return.
- Trailing 1 Year: 5.78% total return.
- Trailing 3 Years: 2.19% annualized total return.
Benchmark Comparison:
- Outperforms the S&P Municipal Bond California High Yield Index over the past 1 year and 3 years.
Growth Trajectory:
- Positive growth trend: Assets under management have grown steadily in recent years.
- Favorable outlook for California municipal bonds: Strong credit quality and potential for tax-free income.
Liquidity:
- Average Trading Volume: Approximately 40,000 shares per day.
- Bid-Ask Spread: Around 0.05%.
Market Dynamics:
- Interest rate environment: Rising interest rates can negatively impact bond prices.
- Economic conditions in California: Economic downturns can affect the creditworthiness of California municipalities.
- Tax law changes: Changes in tax laws can impact the attractiveness of municipal bonds.
Competitors:
- iShares California Muni Bond ETF (CMF)
- SPDR Nuveen California AMT-Free Municipal Bond ETF (CXA)
- VanEck Merk California Municipal Bond ETF (CALI)
Expense Ratio:
- 0.55% per year.
Investment Approach and Strategy:
- Strategy: Actively managed, does not track a specific index.
- Composition: Primarily California municipal bonds, with potential for some US government and agency bonds.
Key Points:
- High tax-exempt income potential.
- Actively managed for high yields.
- Focus on California municipal bonds.
- Strong credit quality.
- Experienced management team.
Risks:
- Interest rate risk: Rising interest rates can negatively impact bond prices.
- Credit risk: The possibility that the issuer of a bond may default on its payments.
- Market risk: General market fluctuations can affect the ETF's performance.
- Liquidity risk: Lower trading volume compared to some other ETFs.
Who Should Consider Investing:
- Investors seeking high tax-exempt income.
- Investors with a long-term investment horizon.
- Investors comfortable with moderate risk.
Fundamental Rating Based on AI: 7.8/10
- Strengths: Experienced management, focus on California municipal bonds, strong credit quality, positive growth trend.
- Weaknesses: Interest rate risk, credit risk, lower liquidity.
- Overall: This ETF offers a compelling option for investors seeking high tax-exempt income with moderate risk.
Resources and Disclaimers:
- Resources:
- First Trust website: https://www.ftportfolios.com/ft portfolios/etfs/fthi
- Yahoo Finance: https://finance.yahoo.com/quote/FTHI/
- Disclaimer: This information is for educational purposes only and should not be considered financial advice. Please consult with a financial professional before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About First Trust California Municipal High Income ETF
Exchange NASDAQ | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website | ||
The fund seeks to achieve its investment objectives by investing at least 80% of its net assets (including investment borrowings) in municipal debt securities that pay interest that is exempt from regular federal income taxes and California income taxes. It will invest no more than 50% of its net assets in Municipal Securities that are, at the time of investment, not investment grade, commonly referred to as high yield or junk bonds.
Upturn is now on iOS and Android!
Experience Upturn on your mobile. Install it now!
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.