Fidelity California Municipal Income Fund (FCTFX)
| Fund Assets | 1.85B |
| Expense Ratio | 0.43% |
| Min. Investment | $0.00 |
| Turnover | 22.00% |
| Dividend (ttm) | 0.37 |
| Dividend Yield | 3.00% |
| Dividend Growth | 7.14% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Mar 31, 2026 |
| Previous Close | 12.36 |
| YTD Return | 0.73% |
| 1-Year Return | 7.77% |
| 5-Year Return | 4.76% |
| 52-Week Low | 11.81 |
| 52-Week High | 12.58 |
| Beta (5Y) | 0.28 |
| Holdings | 718 |
| Inception Date | Jul 7, 1984 |
About FCTFX
Fidelity California Municipal Income Fund is a mutual fund focused on generating a high level of current income exempt from both federal and California personal income taxes. The fund primarily invests at least 80% of its assets in municipal securities issued by various entities within California, including state and local governments, transportation authorities, and public institutions. These securities are typically used to finance infrastructure, education, and other public projects across the state. The portfolio emphasizes credit quality and interest rate sensitivity at moderate levels, aiming for income stability while balancing risk. The fund’s holdings are diversified across a range of California municipal issuers, with notable allocations to revenue bonds related to airports, universities, health facilities, and state obligations. With a substantial asset base and a disciplined management strategy, this fund plays a significant role for investors seeking tax-advantaged income and exposure to California’s municipal bond market dynamics.
Performance
FCTFX had a total return of 7.77% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.44%.
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% |
| FCMQX | Fidelity Advisor California Municipal Income Fund: Class I | 0.53% |
| FCMTX | Fidelity Advisor California Municipal Income Fund: Class M | 0.67% |
| FCMAX | Fidelity Advisor California Municipal Income Fund: Class A | 0.76% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Mar 31, 2026 | $0.03194 | Apr 1, 2026 |
| Feb 27, 2026 | $0.02851 | Mar 2, 2026 |
| Jan 30, 2026 | $0.03153 | Feb 2, 2026 |
| Dec 31, 2025 | $0.03187 | Jan 2, 2026 |
| Dec 5, 2025 | $0.001 | Dec 8, 2025 |
| Nov 30, 2025 | $0.03074 | Dec 1, 2025 |