Fidelity Advisor California Muni Inc I (FCMQX)
| Fund Assets | 1.75B |
| Expense Ratio | 0.53% |
| Min. Investment | $0.00 |
| Turnover | 22.00% |
| Dividend (ttm) | 0.34 |
| Dividend Yield | 2.84% |
| Dividend Growth | 4.17% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jul 31, 2025 |
| Previous Close | 11.99 |
| YTD Return | -0.78% |
| 1-Year Return | -0.52% |
| 5-Year Return | -0.41% |
| 52-Week Low | 11.60 |
| 52-Week High | 12.48 |
| Beta (5Y) | n/a |
| Holdings | 725 |
| Inception Date | Aug 1, 2002 |
About FCMQX
Fidelity Advisor California Municipal Income Fund Class I is an actively managed municipal bond fund focused on delivering a high level of current income that is exempt from federal and California personal income taxes. The fund primarily invests at least 80% of its assets in investment‑grade California municipal securities, positioning it within the Muni California Long category, which typically emphasizes longer durations and maturities over 12 years. The strategy emphasizes credit research and portfolio construction aimed at competitive risk‑adjusted returns, with notable exposure to essential-service and revenue-backed issuers across transportation, healthcare, education, and state general obligation sectors. Managed by a dedicated team, the fund has historically employed overweights in higher‑coupon bonds and select credits to enhance carry and relative performance versus California municipal benchmarks. It serves investors seeking tax‑advantaged income within a single‑state municipal framework, offering diversified access to California’s broad municipal market while maintaining a predominantly high‑quality credit profile. The fund’s approach and results are documented through periodic performance and attribution reports that benchmark against Bloomberg California municipal indices.
Performance
FCMQX had a total return of -0.52% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.44%.
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% |
| FCMTX | Fidelity Advisor California Municipal Income Fund: Class M | 0.67% |
| FCMAX | Fidelity Advisor California Municipal Income Fund: Class A | 0.76% |
| FCMKX | Fidelity Advisor California Municipal Income Fund: Class C | 1.49% |
Top 10 Holdings
10.67% of assets| Name | Symbol | Weight |
|---|---|---|
| CALIFORNIA ST 0.05% | CA.CAS 5 04.01.2032 | 1.89% |
| SAN FRANCISCO CALIF CITY & CNTY ARPTS COMMN INTL ARPT REV 0.05% | CA.SFOAPT 5 05.01.2046 | 1.29% |
| CALIFORNIA ST 0.05% | CA.CAS 5 09.01.2032 | 1.04% |
| CALIFORNIA HEALTH FACS FING AUTH REV 0.05% | CA.CASMED 11.01.2054 | 0.96% |
| UNIVERSITY CALIF REVS 0.05% | CA.UNVHGR 5 05.15.2032 | 0.96% |
| BAY AREA TOLL AUTH CALIF TOLL BRDG REV 0.02% | CA.BAYTRN 04.01.2056 | 0.93% |
| CALIFORNIA INFRASTRUCTURE & ECONOMIC DEV BK REV 0.012% | CA.CASDEV 12.01.2050 | 0.92% |
| UNIVERSITY CALIF REVS 0.03% | CA.UNVHGR 3 05.15.2051 | 0.91% |
| CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 0.05% | CA.CCEDEV 02.01.2055 | 0.90% |
| SAN FRANCISCO CALIF CITY & CNTY PUB UTILS COMMN WTR REV 0.0525% | n/a | 0.89% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jul 31, 2025 | $0.03041 | Aug 1, 2025 |
| Jun 30, 2025 | $0.02855 | Jul 1, 2025 |
| May 30, 2025 | $0.0291 | Jun 2, 2025 |
| Apr 30, 2025 | $0.02801 | May 1, 2025 |
| Mar 31, 2025 | $0.02888 | Apr 1, 2025 |
| Feb 28, 2025 | $0.02532 | Mar 3, 2025 |