Fidelity Advisor California Municipal Income Fund - Class I (FCMQX)

Fund Assets	1.85B
Expense Ratio	0.52%
Min. Investment	$0.00
Turnover	19.00%
Dividend (ttm)	0.37
Dividend Yield	3.02%
Dividend Growth	8.26%
Payout Frequency	Monthly
Ex-Dividend Date	Jul 31, 2026

Previous Close	12.17
YTD Return	-0.07%
1-Year Return	4.66%
5-Year Return	2.63%
52-Week Low	11.97
52-Week High	12.61
Beta (5Y)	0.04
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.

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

Performance

FCMQX had a total return of 4.66% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.54%.

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%

Dividend History

Ex-Dividend	Amount	Pay Date
Jul 31, 2026	$0.03223	Aug 3, 2026
Jun 30, 2026	$0.03081	Jul 1, 2026
May 31, 2026	$0.03142	Jun 1, 2026
Apr 30, 2026	$0.03021	May 1, 2026
Mar 31, 2026	$0.03113	Apr 1, 2026
Feb 27, 2026	$0.02768	Mar 2, 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:

Aug 27, 2026

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