Fidelity Advisor California Muni Inc M (FCMTX)
| Fund Assets | 1.75B |
| Expense Ratio | 0.67% |
| Min. Investment | $0.00 |
| Turnover | 22.00% |
| Dividend (ttm) | 0.32 |
| Dividend Yield | 2.59% |
| Dividend Growth | 4.41% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jul 31, 2025 |
| Previous Close | 12.01 |
| YTD Return | -0.82% |
| 1-Year Return | -0.63% |
| 5-Year Return | -1.00% |
| 52-Week Low | 11.62 |
| 52-Week High | 12.51 |
| Beta (5Y) | n/a |
| Holdings | 725 |
| Inception Date | Aug 1, 2002 |
About FCMTX
Fidelity Advisor California Municipal Income Fund Class M is a municipal bond mutual fund focused on generating a high level of current income that is exempt from federal and California personal income taxes. According to its objective and prospectus, the fund normally invests at least 80% of assets in investment‑grade California municipal securities, and may use transactions with a leveraging effect to manage interest-rate exposure and enhance income within risk limits. The portfolio emphasizes higher-quality credits—primarily AA and A-rated issuers—across essential-service revenue bonds, state and local general obligations, education, health care, transportation, and infrastructure-related financings. Managed within Fidelity’s municipal platform, the strategy seeks diversified exposure to California’s broad tax-exempt market while maintaining disciplined credit selection and duration management consistent with long-term muni benchmarks. Class M shares distribute income monthly, reflecting the underlying coupon cash flows of the bond holdings, and the share class carries an expense structure tailored to advised investors. Established in 2002, the fund serves investors seeking state- and federally tax-exempt income through a professionally managed, California-centric municipal bond portfolio.
Performance
FCMTX had a total return of -0.63% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.33%.
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 | 0.53% |
| 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 | $0.02901 | Aug 1, 2025 |
| Jun 30, 2025 | $0.0271 | Jul 1, 2025 |
| May 30, 2025 | $0.02773 | Jun 2, 2025 |
| Apr 30, 2025 | $0.02663 | May 1, 2025 |
| Mar 31, 2025 | $0.02747 | Apr 1, 2025 |
| Feb 28, 2025 | $0.02393 | Mar 3, 2025 |