Fidelity California Municipal Income Fund (FCTFX)

Fund Assets	1.70B
Expense Ratio	0.427%
Min. Investment	$0.00
Turnover	19.00%
Dividend (ttm)	0.38
Dividend Yield	3.25%
Dividend Growth	6.82%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 30, 2026

Previous Close	11.61
YTD Return	-3.02%
1-Year Return	-2.04%
5-Year Return	0.57%
52-Week Low	11.43
52-Week High	12.58
Beta (5Y)	0.28
Holdings	730
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.

• Fund Family: Fidelity
• Category: Muni California Long
• Performance Rating: Average
• Risk Rating: Below Average
• Stock Exchange: Nasdaq
• Ticker Symbol: FCTFX
• Index: Bloomberg Municipal Bond TR

Performance

FCTFX had a total return of -2.04% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.30%.

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	0.52%
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
Sep 30, 2026	$0.03262	Oct 1, 2026
Aug 31, 2026	$0.03333	Sep 1, 2026
Jul 31, 2026	$0.03303	Aug 3, 2026
Jun 30, 2026	$0.03164	Jul 1, 2026
May 31, 2026	$0.0322	Jun 1, 2026
Apr 30, 2026	$0.03103	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

Data Sources Report a data error