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+0.05% 3 years+2.06%
3 months+0.33% 5 years+2.55%
1 year+3.17% Since inception+3.50%
Data through --

Peer Comparisonvs. Muni single state short

Performance 5-yr return+2.55%+2.31%
Expense ratio0.49%0.88%
Risk 5 year sharpe ratio1.531.16
Net assets$777.5M$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 income92.84%
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%3.23%
-- Bay Area Toll Auth 1.875%2.39%
-- California St For Previous Iss Go Bds 5%2.28%
-- California St Var Purp 5.25%2.20%
-- San Francisco Calif City & Cnt Go Bds 5%1.72%
-- California St Pub Wks Brd Leas Lease 5%1.46%
-- California Mun Fin Auth 1.5%1.44%
-- California Edl Facs Auth 5%1.41%
-- California St Econ Recover Economic 5%1.24%
-- California St Pub Wks Brd Leas Rev Bd 5%1.21%

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