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Fidelity Advisor® California Muni Inc A FCMAX

Analyst rating as of
NAV / 1-Day Return
13.29  /  0.08 %
Total Assets
2.3 Bil
Adj. Expense Ratio
0.790%
Expense Ratio
0.790%
Fee Level
Average
Longest Manager Tenure
4.84 years
Category
Muni California Long
Credit Quality / Interest Rate Sensitivity
Medium / Moderate
Min. Initial Investment
0
Status
Open
TTM Yield
2.11%
Effective Duration
5.70 years
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Morningstar’s Analysis

Will FCMAX outperform in future?

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

More team change but still in good hands.

Senior Analyst

Summary

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Fidelity California Municipal Income is losing another experienced comanager, but the team that remains has solid industry experience. This combined with the strategy’s consistent and distinctive approach will help it retain its edge, resulting in a Morningstar Analyst Rating of Silver for the strategy’s cheapest share classes, while its more expensive share classes are rated Bronze and Neutral.

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