Fidelity® California Limited Term Tax-Free Bond Fund (FCSTX)

10.70
Net Asset Value
-0.09%
1 Day
+1.04%
Year-to-Date
Overall Morningstar Rating
Muni single state short
Style or Category
No Load
Sales Expenses
0.48%
Expense Ratio
Average
Morningstar Risk Rating™
Investment Objective The investment seeks a high level of current income, exempt from federal and California personal income taxes. The fund normally invests at least 80% of assets in investment-grade municipal debt securities whose interest is exempt from federal and California personal income taxes. Potentially it invests more than 25% of total assets in municipal securities that finance similar types of projects. The fund normally maintains a dollar-weighted average maturity between two and five years. It is non-diversified.

Performance

1 month+0.55% 3 years+2.70%
3 months+0.87% 5 years+2.87%
1 year+1.11% Since inception+3.51%
Data through --

Peer Comparisonvs. Muni single state short

 FCSTXCategory
Performance 5-yr return+2.87%+3.20%
Expense ratio0.48%0.86%
Risk 5 year sharpe ratio1.431.31
Net assets$710.8M$582.2M
Average market cap----
Average P/E----
Portfolio turnover17%17%

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Fund Management and Purchase Info

Fund familyFidelity Investments
Fund manager & tenureJamie Pagliocco / 7 Years
Minimal initial investment$10,000.00
Minimum IRA investment--

Holdings

Fixed income90.30%
Cash9.70%
U.S. stock0.00%
International stock0.00%
Other0.00%
Top 5 Sectors
Portfolio weighting
Business service --
Consumer goods --
Consumer service --
Energy --
Financial service --
Top 10 Holdings
Portfolio weighting
-- California St Econ Recover Economic 5%5.76%
-- California St Var Purp 5.25%2.32%
-- San Francisco Calif City & Cnt Go Bds 5%1.89%
-- Los Angeles Calif Wastewater S Rev Bd 5%1.85%
-- California St Econ Recover Economic 5%1.35%
-- California St Pub Wks Brd Leas Rev Bd 5%1.28%
-- Alameda Corridor Transn Auth1.12%
-- California St Var Purp 5%1.12%
-- Contra Costa Calif Transn Auth1.08%
-- Sacramento Calif Mun Util Dist 5%1.02%

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