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

Net Asset Value
1 Day
Overall Morningstar Rating
Muni single state short
Style or Category
No Load
Sales Expenses
Expense Ratio
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.


1 month-0.03% 3 years+2.13%
3 months+0.84% 5 years+2.61%
1 year+3.35% Since inception+3.57%
Data through --

Peer Comparisonvs. Muni single state short

Performance 5-yr return+2.61%+3.06%
Expense ratio0.49%0.86%
Risk 5 year sharpe ratio1.511.19
Net assets$751.3M$584.5M
Average market cap----
Average P/E----
Portfolio turnover22%22%

There are thousands of mutual funds to choose from. Get Money Magazine’s picks in all major categories.

Fund Management and Purchase Info

Fund familyFidelity Investments
Fund manager & tenureJamie Pagliocco / 8 Years
Minimal initial investment$10,000.00
Minimum IRA investment--


Fixed income92.22%
U.S. stock0.00%
International stock0.00%
Top 5 Sectors
Portfolio weighting
Business service --
Consumer goods --
Consumer service --
Energy --
Financial service --
Top 10 Holdings
Portfolio weighting
-- Los Angeles Calif Uni Sch Dist 5%3.31%
-- Bay Area Toll Auth 1.875%2.41%
-- California St For Previous Iss Go Bds 5%2.34%
-- California St Var Purp 5.25%2.23%
-- California Mun Fin Auth 1.5%2.20%
-- Los Angeles Calif Wastewater S Rev Bd 5%1.78%
-- San Francisco Calif City & Cnt Go Bds 5%1.77%
-- California Edl Facs Auth 5%1.42%
-- California St Econ Recover Economic 5%1.27%
-- California St Pub Wks Brd Leas Rev Bd 5%1.23%

To view my watchlist

Not a member yet?

Sign up now for a free account
Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.