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+0.96% 3 years+2.10%
3 months+0.79% 5 years+2.68%
1 year+3.30% Since inception+3.46%
Data through --

Peer Comparisonvs. Muni single state short

Performance 5-yr return+2.68%+2.39%
Expense ratio0.49%0.88%
Risk 5 year sharpe ratio1.491.14
Net assets$782.3M$618.5M
Average market cap----
Average P/E----
Portfolio turnover22%22%

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Fund Management and Purchase Info

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


Fixed income92.23%
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%3.17%
-- Bay Area Toll Auth 1.875%2.35%
-- California St For Previous Iss Go Bds 5%2.24%
-- California St Var Purp 5.25%2.16%
-- San Francisco Calif City & Cnt Go Bds 5%1.69%
-- California St Pub Wks Brd Leas Lease 5%1.43%
-- California Mun Fin Auth 1.5%1.42%
-- California Edl Facs Auth 5%1.38%
-- California St Econ Recover Economic 5%1.22%
-- California St Pub Wks Brd Leas Rev Bd 5%1.18%

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