First Trust California Municipal Fund (FCAL)
NASDAQ (NMS) NASDAQ (NMS) Primary Summary
FCAL Chart
First Trust California Municipal Fund Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 805 | $39,894.1 | $39,823.35 | -$70.75 | -0.18% |
 Blue Zone Wealth Advisors Blue Zone Wealth Advisors LLC | 6,750 | $323,797.5 | $332,910 | $9,112.5 | 2.81% |
| RR rosemary richard WCG Wealth Advisors LLC | 10,070 | $496,551.7 | $498,162.9 | $1,611.2 | 0.32% |
| PF Phillip Fitzsimmons Hennion & Walsh Asset Management Inc. | 33,563 | $1.65M | $1.66M | $9,215.56 | 0.56% |
 Michael Abram INTEGRAL INVESTMENT ADVISORS Inc. | 37,730 | $1.87M | $1.87M | -$5,120.4 | -0.27% |
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First Trust California Municipal Fund Profile
| NASDAQ (NMS) Exchange | US Country |
Overview
The fund is designed for investors seeking a combination of income and risk management, aiming for consistent returns through investments in municipal debt securities. Focusing primarily on markets within the United States, specifically California, the fund caters to investors seeking to maximize their income while minimizing their federal and state tax liabilities. It employs a strategy that involves a significant commitment to securities that offer tax-exempt income, while also engaging in the high-yield municipal bond market with a cautious approach, not exceeding 50% of its total assets in these higher-risk investments. This balanced approach positions the fund as a potentially attractive option for conservative investors interested in tax advantages and those willing to accept some level of risk for potentially higher returns.
Products and Services
- Tax-Exempt Municipal Debt Securities
These are the core investments of the fund, comprising at least 80% of its net assets. By focusing on securities that provide income exempt from regular federal and California income taxes, the fund offers an appealing option for investors seeking to reduce their taxable income. The emphasis on tax-exempt income is particularly beneficial for high-net-worth individuals and those in higher tax brackets looking for tax relief without sacrificing investment income.
- High Yield "Junk" Bonds
Limited to a maximum of 50% of its total assets, these non-investment grade, high-yield municipal bonds are an integral part of the fund's strategy to boost its overall returns. Often referred to as "junk" bonds due to their higher risk of default compared to investment-grade securities, these bonds offer higher interest rates as compensation for the increased risk. The fund's selective investment in high yield bonds demonstrates a balanced approach to seeking higher income while managing the associated risks, suitable for investors who are willing to tolerate some level of risk for the potential of higher returns.
