First Trust Exchange-Traded Fund III - First Trust California Municipal High Income ETF

First Trust Exchange-Traded Fund III - First Trust California Municipal High Income ETF is an exchange traded fund launched and managed by First Trust Advisors LP. The fund invests in fixed income markets of the United States. It invests in tax-exempt municipal debt securities issued by or on behalf of the State of California. The fund invests in investment grade and non-investment grade municipal debt securities. It seeks to benchmark the performance of its portfolio against the Bloomberg 10 Year California Exempt Index and the Bloomberg Municipal Bond Index. First Trust Exchange-Traded Fund III - First Trust California Municipal High Income ETF was formed on June 20, 2017 and is domiciled in the United States.