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

The Fidelity California Limited Term Tax-Free Bond Fund focuses on investing in investment-grade municipal debt securities. This fund aims to provide tax-exempt income for investors while maintaining a relatively short duration to manage interest rate risk.

Products and Services

• Invests at least 80% in investment-grade municipal debt securities
• Focuses on tax-exempt income from California and federal taxes
• Maintains a dollar-weighted average maturity between two and five years

Growth Outlook

• Market capitalization stands at approximately $651 million
• Dividend yield of 2.37% offers attractive income potential
• Price range over the past year is stable, between $10.40 and $10.66

Financial Highlights

• Recent dividend per share is $0.2472
• Trailing twelve months yield of 2.37% indicates consistent income generation
• Fund's beta of 0.46 suggests lower volatility compared to the overall market

The Fidelity California Limited Term Tax-Free Bond Fund is designed for investors seeking a stable income stream through tax-exempt municipal bonds. The fund's focus on investment-grade securities helps mitigate credit risk while providing exposure to California's municipal market. With a solid dividend yield and a stable price range, this fund may appeal to those looking for a conservative investment option in the fixed-income space. The relatively low beta indicates that the fund may offer a more stable investment compared to broader market fluctuations, making it a potential choice for risk-averse investors.