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Fidelity Advisor® California Muni Inc C FCMKX

Morningstar Analyst Rating
Analyst rating as of
NAV / 1-Day Return
13.53  /  0.00 %
Total Assets
2.3 Bil
Adj. Expense Ratio
1.540%
Expense Ratio
1.540%
Fee Level
Average
Longest Manager Tenure
5.23 years
Category
Muni California Long
Credit Quality / Interest Rate Sensitivity
Medium / Moderate
Min. Initial Investment
0
Status
Open
TTM Yield
1.24%
Effective Duration
5.68 years

USD | NAV as of Jul 23, 2021 | 1-Day Return as of Jul 23, 2021, 9:26 PM GMT+00:00

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Morningstar’s Analysis

Will FCMKX outperform in future?

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

Process Pillar

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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

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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

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

A solid choice.

Senior Analyst

Summary

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While there's been some change, the team at Fidelity California Municipal Income remains large and experienced. This and the strategy's consistent and distinctive approach will 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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