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Morningstar

Fidelity Advisor California Muni Inc A FCMAX

Morningstar Medalist Rating
Medalist Rating as of | See Fidelity Investment Hub
  • NAV / 1-Day Return 12.06  /  +0.01 %
  • Total Assets 1.6 Bil
  • Adj. Expense Ratio
    0.760%
  • Expense Ratio 0.760%
  • Distribution Fee Level Average
  • Share Class Type Front Load
  • Category Muni California Long
  • Credit Quality / Interest Rate Sensitivity Medium/Moderate
  • Min. Initial Investment —
  • Status Open
  • TTM Yield 2.42%
  • Effective Duration 6.27 years

USD | NAV as of Apr 17, 2024 | 1-Day Return as of Apr 17, 2024, 10:17 PM GMT+0

Morningstar’s Analysis FCMAX

Will FCMAX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FCMAX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the FCMAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of FCMAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

This strategy holds up well in tough municipal markets.

Associate Director Elizabeth Foos

Elizabeth Foos

Associate Director

Summary

Fidelity California Municipal Income has served investors in the California muni bond market well by following a consistent and risk-conscious approach executed by a skilled and collaborative team.

by Elizabeth Foos
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Portfolio Holdings FCMAX

More FCMAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 8.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Fidelity Municipal Cash Central

3.47 57.0 Mil
Cash and Equivalents

SAN FRANCISCO CALIF CITY & CNTY ARPTS COMMN INTL ARPT REV 5%

1.42 23.3 Mil
municipal

UNIVERSITY CALIF REVS 3%

1.09 17.8 Mil
municipal

BAY AREA TOLL AUTH CALIF TOLL BRDG REV 2%

0.96 15.8 Mil
municipal

LOS ANGELES CALIF DEPT ARPTS REV 5%

0.87 14.3 Mil
municipal

CALIFORNIA HEALTH FACS FING AUTH REV 4%

0.85 13.9 Mil
municipal

SAN FRANCISCO CALIF CITY & CNTY ARPTS COMMN INTL ARPT REV 5%

0.79 13.1 Mil
municipal

CALIFORNIA POLLUTN CTL FING AUTH SOLID WASTE DISP REV 4%

0.76 12.5 Mil
municipal

CALIFORNIA INFRASTRUCTURE & ECONOMIC DEV BK LEASE REV 5%

0.72 11.8 Mil
municipal

CALIFORNIA HEALTH FACS FING AUTH REV 5%

0.69 11.4 Mil
municipal