Returns Chart

Key Stats

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Expense Ratio Total Assets Under Management Dividend Yield Turnover Ratio
0.54% 2.346B 2.14% 13.00%
1 Year Fund Level Flows 1 Year Total Returns (Daily) Annualized All Time Total Returns (Daily) Max Drawdown (All)
89.20M 1.92% Upgrade Upgrade

Basic Info

Investment Strategy
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 securities whose interest is exempt from federal and California personal income taxes. It potentially invests more than 25% of total assets in municipal securities that finance similar types of projects. The fund allocates assets across different market sectors and maturities.
General
Security Type Mutual Fund
Oldest Share Symbol FCTFX
Equity Style --
Fixed Income Style Medium Quality/Moderate Sensitivity
Broad Asset Class Municipal Bond
Broad Category Fixed Income
Category Name Muni California Long
Category Index Bloomberg Municipal California Exempt TR
Prospectus Objective Municipal Bond - National
Fund Owner Firm Name Fidelity Investments
Prospectus Benchmark Index
Bloomberg Municipal TR USD 100.0%
Broad Asset Class Benchmark Index
^BBMBTR 100.0%
Manager Tenure
Cormac Cullen 5.59 yrs
Elizah McLaughlin 3.22 yrs
Michael Maka 1.67 yrs

Net Fund Flows Versus Category

View Net Fund Flows. Upgrade now.
1M
3M
6M
YTD
1Y
3Y
5Y
10Y
 
80.00B
60.00B
40.00B
20.00B
0
-20.00B
1 Month
% Rank: --
-- Category Low
-- Category High
1 Year
% Rank: 42
89.20M
-78.04M Category Low
310.14M Category High
3 Months
% Rank: --
-- Category Low
-- Category High
3 Years
% Rank: --
-- Category Low
-- Category High
6 Months
% Rank: --
-- Category Low
-- Category High
5 Years
% Rank: --
-- Category Low
-- Category High
YTD
% Rank: --
-- Category Low
-- Category High
10 Years
% Rank: --
-- Category Low
-- Category High
As of November 30, 2021

Performance Versus Category

 
20%
15%
10%
5%
0
View Category Returns. Upgrade now.
Name
1M
3M
YTD
1Y
3Y
5Y
10Y
15Y
Total Return (NAV)
--
--
--
--
--
--
--
--
Category Rtn. (NAV)
--
--
--
--
--
--
--
--
% Rank in Cat (NAV)
--
--
--
--
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--
--
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As of December 06, 2021. Returns for periods of 1 year and above are annualized.

Annual Total Returns Versus Peers

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Name
2014
2015
2016
2017
2018
2019
2020
YTD
10.46%
3.36%
-0.25%
5.77%
0.59%
7.51%
4.40%
1.60%
9.05%
3.30%
0.25%
5.45%
1.28%
7.54%
5.21%
1.44%
13.34%
3.84%
0.34%
6.93%
0.70%
9.52%
4.84%
2.70%
9.98%
3.04%
-0.03%
5.05%
0.61%
7.86%
3.92%
2.15%
11.18%
3.18%
-0.01%
6.13%
0.67%
7.50%
3.94%
2.52%
15.40%
5.81%
1.07%
6.75%
1.95%
8.45%
5.12%
2.44%
As of December 06, 2021.

Fundamentals

General
Distribution Yield Upgrade
Dividend Yield TTM (12-6-21) 2.14%
30-Day SEC Yield (11-30-21) Upgrade
7-Day SEC Yield --
Number of Holdings Upgrade
Bond
Current Yield 4.20%
Yield to Maturity --
Effective Duration Upgrade
Average Coupon Upgrade
Average Credit Score Upgrade
Average Price Upgrade
As of October 31, 2021

Asset Allocation

As of October 31, 2021.
Type % Net % Long % Short
Cash 0.51% Upgrade Upgrade
Stock 0.00% Upgrade Upgrade
Bond 99.49% Upgrade Upgrade
Convertible 0.00% Upgrade Upgrade
Preferred 0.00% Upgrade Upgrade
Other 0.00% Upgrade Upgrade

Top 10 Holdings

Name % Weight Price % Change
SAN FRANCISCO CALIF CITY & CNTY ARPTS COMMN INTL ARPT REV 5%
1.15% -- --
LOS ANGELES CALIF UNI SCH DIST 4%
0.94% -- --
LOS ANGELES CALIF DEPT WTR & PWR REV 5%
0.93% -- --
LOS ANGELES CALIF DEPT WTR & PWR REV 5%
0.91% -- --
LOS ANGELES CALIF DEPT WTR & PWR REV 5%
0.82% -- --
BAY AREA TOLL AUTH CALIF TOLL BRDG REV 2%
0.77% -- --
LOS ANGELES CALIF DEPT ARPTS REV 5%
0.72% -- --
SAN FRANCISCO CALIF CITY & CNTY ARPTS COMMN INTL ARPT REV 5%
0.69% -- --
SAN FRANCISCO CALIF CITY & CNTY ARPTS COMMN INTL ARPT REV 5%
0.66% -- --
LOS ANGELES CALIF DEPT ARPTS REV 5%
0.65% -- --

Fees & Availability

Fees
Actual 12B-1 Fee --
Actual Management Fee Upgrade
Administration Fee --
Performance Fee --
Switching Fee --
Transaction Fee --
Maximum Front Load --
Maximum Deferred Load --
Maximum Redemption Fee --
General Availability
Available for Insurance Product No
Available for Retirement Plan No
Available for RRSP No
Purchase Details
Open to New Investors Yes
Open to Existing Investors Yes
Minimum Initial Investment Upgrade
Minimum Subsequent Investment Upgrade

Basic Info

Investment Strategy
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 securities whose interest is exempt from federal and California personal income taxes. It potentially invests more than 25% of total assets in municipal securities that finance similar types of projects. The fund allocates assets across different market sectors and maturities.
General
Security Type Mutual Fund
Oldest Share Symbol FCTFX
Equity Style --
Fixed Income Style Medium Quality/Moderate Sensitivity
Broad Asset Class Municipal Bond
Broad Category Fixed Income
Category Name Muni California Long
Category Index Bloomberg Municipal California Exempt TR
Prospectus Objective Municipal Bond - National
Fund Owner Firm Name Fidelity Investments
Prospectus Benchmark Index
Bloomberg Municipal TR USD 100.0%
Broad Asset Class Benchmark Index
^BBMBTR 100.0%
Manager Tenure
Cormac Cullen 5.59 yrs
Elizah McLaughlin 3.22 yrs
Michael Maka 1.67 yrs

Fundamentals

General
Distribution Yield Upgrade
Dividend Yield TTM (12-6-21) 2.14%
30-Day SEC Yield (11-30-21) Upgrade
7-Day SEC Yield --
Number of Holdings Upgrade
Bond
Current Yield 4.20%
Yield to Maturity --
Effective Duration Upgrade
Average Coupon Upgrade
Average Credit Score Upgrade
Average Price Upgrade
As of October 31, 2021

Fund Details

Key Dates
Inception Date 8/1/2002
Last Annual Report Date 2/28/2021
Last Prospectus Date 4/29/2021
Share Classes
FCMAX A
FCMKX C
FCMTX M
FCTFX No Load
FIJBX Inst
Attributes
Enhanced Index Fund No
Index Fund No
Inverse Fund No
Leveraged Fund No
Fund of Funds No
Currency Hedged Fund No
Synthetic Replication Fund No
Has Dividend Investment Plan No
Socially Responsible Fund No