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Morningstar

Fidelity California Ltd Trm Tax-Free Bd FCSTX

Morningstar Medalist Rating
Medalist Rating as of | See Fidelity Investment Hub
  • NAV / 1-Day Return 10.20  /  −0.09 %
  • Total Assets 504.5 Mil
  • Adj. Expense Ratio
    0.290%
  • Expense Ratio 0.290%
  • Distribution Fee Level Low
  • Share Class Type No Load
  • Category Muni Single State Short
  • Credit Quality / Interest Rate Sensitivity Medium/Limited
  • Min. Initial Investment —
  • Status Open
  • TTM Yield 1.77%
  • Effective Duration 2.93 years

USD | NAV as of Apr 24, 2024 | 1-Day Return as of Apr 24, 2024, 10:18 PM GMT+0

Morningstar’s Analysis FCSTX

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

  • People Pillar

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

A sound investment process and strong management team underpin Fidelity California Ltd Trm Tax-Free Bd's Morningstar Medalist Rating of Bronze.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The portfolio maintains a sizable cost advantage over competitors, priced within the cheapest fee quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings FCSTX

More FCSTX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 17.4
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

CALIFORNIA HEALTH FACS FING AUTH REV 2%

2.47 12.6 Mil
municipal

BAY AREA TOLL AUTH CALIF TOLL BRDG REV 2%

2.17 11.1 Mil
municipal

SANTA ROSA CALIF WTR REV 0%

2.03 10.3 Mil
municipal

NORTHERN CALIF ENERGY AUTH COMMODITY SUPPLY REV 4%

1.96 10.0 Mil
municipal

CALIFORNIA HEALTH FACS FING AUTH REV 3%

1.77 9.0 Mil
municipal

LOS ANGELES CALIF DEPT ARPTS REV 5%

1.45 7.4 Mil
municipal

BAY AREA TOLL AUTH CALIF TOLL BRDG REV 2.625%

1.40 7.1 Mil
municipal

CALIFORNIA HEALTH FACS FING AUTH REV 4%

1.40 7.1 Mil
municipal

SOUTHERN CALIF PUB PWR AUTH PWR PROJ REV 0.65%

1.39 7.1 Mil
municipal

BAY AREA TOLL AUTH CALIF TOLL BRDG REV 2.85%

1.37 7.0 Mil
municipal