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

10.57
Net Asset Value
-0.09%
1 Day
+0.76%
Year-to-Date
Overall Morningstar Rating
Muni single state short
Style or Category
No Load
Sales Expenses
0.47%
Expense Ratio
Below 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-0.53% 3 years+1.16%
3 months-0.82% 5 years+1.31%
1 year+2.27% Since inception+2.88%
Data through --

Peer Comparisonvs. Muni single state short

 FCSTXCategory
Performance 5-yr return+1.31%+1.00%
Expense ratio0.47%0.79%
Risk 5 year sharpe ratio0.540.23
Net assets$792.3M$530.2M
Average market cap----
Average P/E----
Portfolio turnover33%33%

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Fund Management and Purchase Info

Fund familyFidelity Investments
Fund manager & tenureMark Sommer / 1 Years
Minimal initial investment$10,000.00
Minimum IRA investment--

Holdings

Fixed income98.61%
Cash1.38%
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
-- 4.17%
-- 3.11%
-- 2.27%
-- 2.06%
-- 1.97%
-- 1.46%
-- 1.28%
-- 1.27%
-- 1.26%
-- 1.22%