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+0.53% 3 years+1.16%
3 months+0.63% 5 years+1.56%
1 year+0.01% Since inception+2.79%
Data through --

Peer Comparisonvs. Muni single state short

Performance 5-yr return+1.56%+0.72%
Expense ratio0.47%0.75%
Risk 5 year sharpe ratio0.490.22
Net assets$757.6M$509.5M
Average market cap----
Average P/E----
Portfolio turnover20%20%

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Fund Management and Purchase Info

Fund familyFidelity Investments
Fund manager & tenureMark Sommer / 2 Years
Minimal initial investment$10,000.00
Minimum IRA investment--


Fixed income96.47%
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
-- 2.13%
-- 1.96%
-- 1.96%
-- 1.47%
-- 1.43%
-- 1.40%
-- 1.37%
-- 1.31%
-- 1.31%
-- 1.23%