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

10.51
Net Asset Value
+0.38%
1 Day
-1.96%
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-1.82% 3 years+1.52%
3 months-2.21% 5 years+1.56%
1 year-0.18% Since inception+2.93%
Data through --

Peer Comparisonvs. Muni single state short

 FCSTXCategory
Performance 5-yr return+1.56%+1.83%
Expense ratio0.48%0.82%
Risk 5 year sharpe ratio0.810.50
Net assets$807.6M$512.5M
Average market cap----
Average P/E----
Portfolio turnover20%20%

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Fund Management and Purchase Info

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

Holdings

Fixed income97.39%
Cash2.61%
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
-- 2.30%
-- 2.14%
-- 1.96%
-- 1.79%
-- 1.66%
-- 1.55%
-- 1.47%
-- 1.47%
-- 1.18%
-- 1.18%