First Trust California Municipal High Income ETF (FCAL)

First Trust California Municipal High Income ETF (FCAL) is an exchange-traded fund in the Muni California Long category. It has $223.46M in assets, an expense ratio of 0.49% and a 3.34% dividend yield. 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.