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Trending ETFs

Name

As of 02/23/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$10.30

$522 M

1.93%

$0.20

0.29%

Vitals

YTD Return

-0.2%

1 yr return

3.4%

3 Yr Avg Return

-0.3%

5 Yr Avg Return

0.9%

Net Assets

$522 M

Holdings in Top 10

18.4%

52 WEEK LOW AND HIGH

$10.3
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.29%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 18.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$0

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 02/23/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$10.30

$522 M

1.93%

$0.20

0.29%

FCSTX - Profile

Distributions

  • YTD Total Return -0.2%
  • 3 Yr Annualized Total Return -0.3%
  • 5 Yr Annualized Total Return 0.9%
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio 1.23%
DIVIDENDS
  • Dividend Yield 1.9%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Fidelity California Limited Term Tax-Free Bond Fund
  • Fund Family Name
    Fidelity Group of Funds
  • Inception Date
    Nov 01, 2005
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Cormac Cullen

Fund Description

Normally investing at least 80% of assets in investment-grade municipal debt securities whose interest is exempt from federal and California personal income taxes. Normally not investing in municipal securities whose interest is subject to federal income tax or in municipal securities whose interest is subject to the federal alternative minimum tax. Managing the fund to have similar overall interest rate risk to the supplemental index. Normally maintaining a dollar-weighted average maturity between two and five years. Allocating assets across different market sectors and maturities. Potentially investing more than 25% of total assets in municipal securities that finance similar types of projects. Analyzing the credit quality of the issuer, security-specific features, current and potential future valuation, and trading opportunities to select investments.
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FCSTX - Performance

Return Ranking - Trailing

Period FCSTX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.2% -2.2% 8.0% 51.38%
1 Yr 3.4% -0.8% 37.6% 84.13%
3 Yr -0.3%* -10.3% 2.7% 22.58%
5 Yr 0.9%* -4.9% 1103.5% 68.03%
10 Yr 1.2%* -0.2% 248.2% 82.70%

* Annualized

Return Ranking - Calendar

Period FCSTX Return Category Return Low Category Return High Rank in Category (%)
2023 1.8% -1.4% 41.0% 79.19%
2022 -5.7% -40.2% 0.3% 10.98%
2021 -1.0% -5.6% 6.9% 75.39%
2020 1.2% -2.6% 310.0% 73.45%
2019 2.3% 0.0% 26.0% 86.32%

Total Return Ranking - Trailing

Period FCSTX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.2% -2.2% 8.0% 51.38%
1 Yr 3.4% -0.8% 37.6% 84.13%
3 Yr -0.3%* -10.3% 2.7% 22.58%
5 Yr 0.9%* -4.9% 1103.5% 68.03%
10 Yr 1.2%* -0.2% 248.2% 82.70%

* Annualized

Total Return Ranking - Calendar

Period FCSTX Return Category Return Low Category Return High Rank in Category (%)
2023 3.5% -1.3% 41.0% 91.75%
2022 -4.4% -40.2% 1.1% 11.37%
2021 0.4% -4.8% 23761504.0% 78.55%
2020 2.5% -1.5% 17057.9% 83.49%
2019 4.2% 0.2% 3514.6% 85.83%

NAV & Total Return History


FCSTX - Holdings

Concentration Analysis

FCSTX Category Low Category High FCSTX % Rank
Net Assets 522 M 3.48 M 68.1 B 43.04%
Number of Holdings 283 2 12848 42.76%
Net Assets in Top 10 91.5 M -317 M 3.4 B 44.62%
Weighting of Top 10 18.40% 1.9% 100.4% 47.47%

Top 10 Holdings

  1. CALIFORNIA HLTH 2% 10/1/2036 2.54%
  2. BATA CA 2% MT 2.20%
  3. SANTA ROSA CA W 0% 9/1/2026 2.06%
  4. NORTHERN CALIFORNIA ENERGY AUTHORITY 4% MT 2.01%
  5. Fidelity Tax-Free Cash Central Fund 2.00%
  6. CALIFORNIA HLTH 3% 8/15/2054 MT 1.81%
  7. LA CA AIRPT 5% 5/15/2026 1.48%
  8. CALIFORNIA HLT 4% SER B-2 MT 1.44%
  9. CA ST MFA COP 5% 11/1/27 1.43%
  10. BATA CA 2.625% 4/1/2045 1.43%

Asset Allocation

Weighting Return Low Return High FCSTX % Rank
Bonds
97.27% 0.00% 150.86% 76.49%
Cash
2.73% -50.86% 50.09% 19.36%
Stocks
0.00% 0.00% 99.88% 32.09%
Preferred Stocks
0.00% 0.00% 0.52% 23.01%
Other
0.00% -8.54% 33.35% 33.53%
Convertible Bonds
0.00% 0.00% 0.93% 23.04%

Bond Sector Breakdown

Weighting Return Low Return High FCSTX % Rank
Municipal
97.94% 44.39% 100.00% 56.11%
Cash & Equivalents
2.00% 0.00% 48.02% 16.35%
Derivative
0.00% -8.54% 24.50% 30.38%
Securitized
0.00% 0.00% 5.93% 24.77%
Corporate
0.00% 0.00% 9.41% 35.84%
Government
0.00% 0.00% 52.02% 29.79%

Bond Geographic Breakdown

Weighting Return Low Return High FCSTX % Rank
US
97.27% 0.00% 142.23% 73.01%
Non US
0.00% 0.00% 23.89% 28.72%

FCSTX - Expenses

Operational Fees

FCSTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.29% 0.03% 20.65% 94.92%
Management Fee 0.20% 0.00% 1.20% 5.25%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.44% N/A

Sales Fees

FCSTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 4.75% N/A
Deferred Load N/A 0.25% 5.00% N/A

Trading Fees

FCSTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 1.00% 82.84%

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FCSTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 18.00% 0.00% 283.00% 52.10%

FCSTX - Distributions

Dividend Yield Analysis

FCSTX Category Low Category High FCSTX % Rank
Dividend Yield 1.93% 0.00% 4.63% 25.18%

Dividend Distribution Analysis

FCSTX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Monthly

Net Income Ratio Analysis

FCSTX Category Low Category High FCSTX % Rank
Net Income Ratio 1.23% -0.53% 5.33% 81.25%

Capital Gain Distribution Analysis

FCSTX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Semi-Annually Annually Annually Annually

Distributions History

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FCSTX - Fund Manager Analysis

Managers

Cormac Cullen


Start Date

Tenure

Tenure Rank

May 02, 2016

6.08

6.1%

Mr. Cullen has worked as a research analyst and portfolio manager with Fidelity since 2010. Prior to assuming his current position, from 2007 to 2010, Mr. Cullen supported FIAM’s Fixed Income Division as senior legal counsel.

Elizah McLaughlin


Start Date

Tenure

Tenure Rank

Sep 11, 2018

3.72

3.7%

Since joining Fidelity Investments in 1997, Ms. McLaughlin has worked as an analyst and portfolio manager.

Michael Maka


Start Date

Tenure

Tenure Rank

Mar 31, 2020

2.17

2.2%

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 35.05 7.35 1.58