Fidelity® California Municipal Income Fund

Scorecard
2 / 5 Stars
Lipper
2 2 3 2 4
Zacks Investment Research
1 (Strong Buy)
Standard & Poor's
3 / 5 Stars
TheStreet.com
A (Buy)

#19 in Muni California Long

U.S. News evaluated 34 Muni California Long Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.

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Performance

The fund has returned 6.75 percent over the past year, 6.17 percent over the past three years, 6.40 percent over the past five years, and 4.65 percent over the past decade.

Trailing Returns Updated 06.30.2014
Year to date 6.3%
1 Year 6.7%
3 Years (Annualized) 6.2%
5 Years (Annualized) 6.4%
10 Years (Annualized) 4.7%

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Summary

The investment seeks a high level of current income, exempt from federal and California personal income taxes. The fund normally invests at least 80% of assets in investment-grade municipal securities whose interest is exempt from federal and California personal income taxes. It potentially invests more than 25% of total assets in municipal securities that finance similar types of projects. The fund allocates assets across different market sectors and maturities.

Fees

Fees are Above Average compared to funds in the same category.
Fidelity® California Municipal Income Fund has an expense ratio of 0.77 percent.

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Risk

Risk is Low compared to funds in the same category according to Morningstar.

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