Fidelity Advisor California Muni Inc A (FCMAX)

Fund Assets	1.70B
Expense Ratio	0.741%
Min. Investment	$0.00
Turnover	19.00%
Dividend (ttm)	0.34
Dividend Yield	2.93%
Dividend Growth	7.45%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 30, 2026

Previous Close	11.63
YTD Return	-4.08%
1-Year Return	-3.11%
5-Year Return	-1.67%
52-Week Low	11.45
52-Week High	12.60
Beta (5Y)	0.04
Holdings	730
Inception Date	Aug 1, 2002

About FCMAX

Fidelity Advisor California Municipal Income Fund Class A is an actively managed municipal bond mutual fund designed to deliver a high level of current income that is exempt from federal and California personal income taxes. The portfolio primarily invests at least 80% of assets in investment‑grade California municipal securities, with broad exposure to essential-service revenue bonds and state and local general obligations across sectors such as transportation infrastructure, higher education, and healthcare. The strategy maintains a disciplined, risk‑aware approach, reflecting a credit quality profile concentrated in AA and A ratings and a long‑duration orientation typical of California muni mandates. The fund may employ transactions with a leveraging effect to enhance income. Within the California municipal market, it serves as a core tax‑exempt income vehicle for residents seeking state and federal tax advantages, offering diversified access to bonds backed by large issuers including universities, transportation authorities, and health facilities. According to sponsor materials and third‑party research, the fund targets consistent tax‑exempt income through active security selection and yield curve positioning within the Muni California Long category.

• Fund Family: Fidelity
• Category: Muni California Long
• Performance Rating: Below Average
• Risk Rating: Below Average
• Stock Exchange: Nasdaq
• Ticker Symbol: FCMAX
• Share Class: Class A
• Index: Bloomberg Municipal Bond TR

Performance

FCMAX had a total return of -3.11% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.28%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
FIJBX	Fidelity Advisor California Municipal Income Fund: Class Z	0.40%
FCMQX	Fidelity Advisor California Municipal Income Fund: Class I	0.52%
FCMTX	Fidelity Advisor California Municipal Income Fund: Class M	0.67%
FCMKX	Fidelity Advisor California Municipal Income Fund: Class C	1.49%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 30, 2026	$0.02942	Oct 1, 2026
Aug 31, 2026	$0.03003	Sep 1, 2026
Jul 31, 2026	$0.0297	Aug 3, 2026
Jun 30, 2026	$0.02827	Jul 1, 2026
May 31, 2026	$0.02887	Jun 1, 2026
Apr 30, 2026	$0.02768	May 1, 2026

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Oct 15, 2026

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