Fidelity Advisor® California Muni Inc I (FCMQX)
12.04
-0.02
(-0.17%)
USD |
Mar 20 2023
Key Stats
| Expense Ratio | Total Assets Under Management | Dividend Yield | Turnover Ratio |
|---|---|---|---|
| 0.54% | 1.851B | 2.05% | 14.00% |
| 1 Year Fund Level Flows | 1 Year Total Returns (Daily) | Annualized All Time Total Returns (Daily) | Max Drawdown (All) |
| -169.04M | -2.31% | 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 |
| Global Category Name | US Municipal Fixed Income |
| YCharts Categorization | US Municipal Bond |
| YCharts Benchmark | Bloomberg Municipal Bond (^BBMBTR) |
| 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 | 6.83 yrs |
| Elizah McLaughlin | 4.47 yrs |
| Michael Maka | 2.92 yrs |
Net Fund Flows Versus Category
1 Month
% Rank:
--
--
Category Low
--
Category High
1 Year
% Rank:
67
-169.04M
-1.542B
Category Low
222.54M
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 February 28, 2023
Risk
Performance Versus Category
As of March 20, 2023. Returns for periods of 1 year and above are annualized.
Annual Total Returns Versus Peers
As of March 20, 2023.
Asset Allocation
Top 10 Holdings
| Name | % Weight | Price | % Change |
|---|---|---|---|
|
MIZUHO FLOATER / RESIDUAL TR VAR STS 3.12%
|
1.48% | -- | -- |
|
SAN FRANCISCO CALIF CITY & CNTY ARPTS COMMN INTL ARPT REV 5%
|
1.24% | -- | -- |
|
MIZUHO FLOATER / RESIDUAL TR VAR STS 3.05%
|
1.02% | -- | -- |
|
UNIVERSITY CALIF REVS 3%
|
0.94% | -- | -- |
|
CALIFORNIA ST PUB WKS BRD LEASE REV 4%
|
0.93% | -- | -- |
|
BAY AREA TOLL AUTH CALIF TOLL BRDG REV 2%
|
0.85% | -- | -- |
|
SAN FRANCISCO CALIF CITY & CNTY ARPTS COMMN INTL ARPT REV 5%
|
0.80% | -- | -- |
|
TENDER OPT BD TR RCPTS / CTFS VAR STS 2.7%
|
0.79% | -- | -- |
|
LOS ANGELES CALIF DEPT WTR & PWR WTRWKS REV 1.94%
|
0.78% | -- | -- |
|
LOS ANGELES CALIF DEPT ARPTS REV 5%
|
0.76% | -- | -- |
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 | -- |
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 |
| Global Category Name | US Municipal Fixed Income |
| YCharts Categorization | US Municipal Bond |
| YCharts Benchmark | Bloomberg Municipal Bond (^BBMBTR) |
| 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 | 6.83 yrs |
| Elizah McLaughlin | 4.47 yrs |
| Michael Maka | 2.92 yrs |
Fundamentals
| General | |
| Distribution Yield | Upgrade |
| Dividend Yield TTM (3-20-23) | 2.05% |
| 30-Day SEC Yield (2-28-23) | Upgrade |
| 7-Day SEC Yield | -- |
| Number of Holdings | Upgrade |
| Bond | |
| Current Yield | 4.51% |
| Yield to Maturity | -- |
| Effective Duration | Upgrade |
| Average Coupon | Upgrade |
| Average Credit Score | Upgrade |
| Average Price | Upgrade |
As of January 31, 2023
Fund Details
| Key Dates | |
| Inception Date | 8/1/2002 |
| Last Annual Report Date | 2/28/2022 |
| Last Prospectus Date | 4/29/2022 |
| Share Classes | |
| FCMAX | A |
| FCMKX | C |
| FCMTX | M |
| FCTFX | No Load |
| FIJBX | Inst |
| Attributes | |
| 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 |