Fidelity California Municipal Income Fund (FCTFX) Research
This fund aims to deliver a significant level of current income, free from both federal and California personal income taxes. Its core strategy involves allocating at least 80% of its portfolio to high-quality municipal securities, whose interest payments are also exempt from federal and California personal income taxation. The fund may, at times, commit over 25% of its total assets to municipal debt instruments that finance similar types of projects. Portfolio assets are strategically diversified across various market sectors and maturity profiles.
Market snapshot
- Symbol
- FCTFX
- Price
- $12.38
- Day change
- +0.08%
- Market cap
- $1.9B
- P/E ratio
- -6.24x
- 52-week range
- 11.81-12.58
- Sector
- Financial Services
- Industry
- Asset Management - Income
Peer companies
- MFS Diversified Income Fund (DIFGX)
- Eaton Vance Tax-Advantaged Dividend Income Fund (EVT)
- Fidelity Massachuseets Municipal Income Fund (FDMMX)
- Fidelity GNMA Fund (FGMNX)
- Fidelity Government Income Fund (FGOVX)
- Fidelity New York Municipal Income Fund (FTFMX)
- Nuveen California Quality Municipal Income Fund (NAC)
- Nuveen Municipal Value Fund, Inc. (NUV)
Open Fidelity California Municipal Income Fund (FCTFX) in Thesis for live fundamentals, charts, options context, and portfolio-aware Copilot follow-ups.