Fidelity® California Limited Term Tax-Free Bond Fund

Class No Load (FCSTX)
Scorecard
3 / 5 Stars
Lipper
3 3 5 5 1
Zacks Investment Research
3 (Hold)
Standard & Poor's
4 / 5 Stars
TheStreet.com
A (Buy)

#2 in Muni Single State Short

U.S. News evaluated 19 Muni Single State Short Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.

See all Fidelity Investments funds

See full Muni Single State Short rankings

See more fund rankings

Performance

The fund has returned 1.32 percent over the past year, 2.87 percent over the past three years, and 3.13 percent over the past five years.

Trailing Returns Updated 02.28.2014
Year to date 1.5%
1 Year 1.3%
3 Years (Annualized) 2.9%
5 Years (Annualized) 3.1%
10 Years (Annualized) N/A

See more FCSTX performance

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 debt securities whose interest is exempt from federal and California personal income taxes. Potentially it invests more than 25% of total assets in municipal securities that finance similar types of projects. The fund normally maintains a dollar-weighted average maturity between two and five years. It is non-diversified.

Fees

Fees are Low compared to funds in the same category.
Fidelity® California Limited Term Tax-Free Bond Fund has an expense ratio of 0.34 percent.

See more FCSTX fees

Risk

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

See more FCSTX risk