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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 10.01  /  0.09 %
  • Total Assets 542.9 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 1.56%
  • Effective Duration 2.71 years

USD | NAV as of Sep 26, 2023 | 1-Day Return as of Sep 26, 2023, 10:16 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 least expensive 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 0
  • Bond Holdings 313
  • Other Holdings 14
  • % Assets in Top 10 Holdings 16.2
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

CALIFORNIA HEALTH FACS FING AUTH REV 2%

2.27
12,504,972
municipal

UNIVERSITY CALIF REVS 5%

2.05
11,304,255
municipal

BAY AREA TOLL AUTH CALIF TOLL BRDG REV 2%

1.98
10,953,773
municipal

NORTHERN CALIF ENERGY AUTH COMMODITY SUPPLY REV 4%

1.82
10,023,161
municipal

CALIFORNIA HEALTH FACS FING AUTH REV 3%

1.63
8,975,193
municipal

LOS ANGELES CALIF DEPT ARPTS REV 5%

1.34
7,416,994
municipal

CALIFORNIA HEALTH FACS FING AUTH REV 4%

1.29
7,139,350
municipal

CALIFORNIA MUN FIN AUTH CTFS PARTN 5%

1.29
7,111,727
municipal

BAY AREA TOLL AUTH CALIF TOLL BRDG REV 2.625%

1.29
7,098,390
municipal

BAY AREA TOLL AUTH CALIF TOLL BRDG REV 2.85%

1.26
6,966,590
municipal