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Morningstar

Fidelity Advisor® California Muni Inc C FCMKX Fund Analysis

Morningstar Analyst Rating
| Analyst rating as of | See Fidelity Investment Hub

Morningstar’s Analysis FCMKX

Will FCMKX 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 FCMKX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the FCMKX 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 FCMKX’s parent organization’s priorities and whether they’re in line with investors’ interests.

A respectable choice in California.

Associate Director

Summary

| by Elizabeth Foos

The team managing Fidelity California Municipal Income is skilled and collaborative. This and the strategy's consistent and distinctive approach serve investors well, resulting in a Morningstar Analyst Rating of Silver for the strategy's cheapest share classes, while its more expensive share classes earn Bronze and Neutral ratings.

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