Fidelity California Limited Term Tax-Free Bond Fund (FCSTX)

Fund Assets	651.62M
Expense Ratio	0.292%
Min. Investment	$0.00
Turnover	15.00%
Dividend (ttm)	0.25
Dividend Yield	2.47%
Dividend Growth	14.41%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 30, 2026

Previous Close	10.23
YTD Return	-0.75%
1-Year Return	-0.27%
5-Year Return	4.41%
52-Week Low	10.12
52-Week High	10.66
Beta (5Y)	0.14
Holdings	315
Inception Date	Oct 25, 2005

About FCSTX

Fidelity California Limited Term Tax-Free Bond Fund is a municipal bond mutual fund focused on providing investors with a high level of current income exempt from both federal and California personal income taxes. The fund typically invests at least 80% of its assets in investment-grade municipal debt securities issued by entities within California, which finance a diverse range of public infrastructure projects including healthcare, education, and transportation. It is managed with a limited-term strategy, maintaining a dollar-weighted average maturity between two and five years, resulting in moderate interest rate sensitivity and an effective duration around 2.9 years. This approach places the fund within the "short muni single state" category, emphasizing lower credit and interest rate risk compared to longer-term municipal funds. The fund is notable for its low expense ratio and monthly income distributions, making it a recognized choice among investors seeking tax-advantaged returns and diversification within the fixed income sector, particularly for California residents seeking state-specific tax benefits.

• Fund Family: Fidelity
• Category: Muni Single State Short
• Performance Rating: Average
• Risk Rating: Average
• Stock Exchange: Nasdaq
• Ticker Symbol: FCSTX
• Index: Bloomberg Municipal Bond TR

Performance

FCSTX had a total return of -0.27% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.23%.

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 30, 2026	$0.0224	Oct 1, 2026
Aug 31, 2026	$0.02288	Sep 1, 2026
Jul 31, 2026	$0.02261	Aug 3, 2026
Jun 30, 2026	$0.02169	Jul 1, 2026
May 31, 2026	$0.0219	Jun 1, 2026
Apr 30, 2026	$0.02094	May 1, 2026

Data Sources: Tiingo, Financial Modeling Prep, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Financial Modeling Prep. Several fund data points are also provided by Finnhub.

Last checked:

Oct 16, 2026

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