FCTFX
Price:
$12.19
Market Cap:
$1.90B
The fund normally invests at least 80% of assets in municipal securities whose interest is exempt from federal and California personal income taxes. It potentially invests more than 25% of total assets in municipal securities that finance similar types of projects. The fund allocates assets across different market sectors and maturities.
Industry
Asset Management
IPO Date
1984-07-03
Stock Exchange
NASDAQ
Ticker
FCTFX
According to Fidelity California Municipal Income’s latest financial reports and current stock price. The company's current ROE is -14.37%. This represents a change of 6.37% compared to the average of -0.22% of the last 4 quarters.
The mean historical ROE of Fidelity California Municipal Income over the last ten years is 1.69%. The current -14.37% ROE has changed -951.77% with respect to the historical average. Over the past ten years (40 quarters), FCTFX's ROE was at its highest in in the November 2013 quarter at 6.11%. The ROE was at its lowest in in the May 2022 quarter at -6.66%.
Average
1.69%
Median
1.27%
Minimum
-15.84%
Maximum
14.41%
Discovering the peaks and valleys of Fidelity California Municipal Income ROE, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.
Maximum Annual Increase = 1.18%
Maximum Annual ROE = 14.41%
Minimum Annual Increase = -1131.10%
Minimum Annual ROE = -15.84%
| Year | ROE | Change |
|---|---|---|
| 2023 | -15.84% | 1.18% |
| 2022 | -1.24% | 20.77% |
| 2021 | -1.02% | -107.11% |
| 2020 | 14.41% | 388.56% |
| 2019 | 2.95% | -29.75% |
| 2018 | 4.20% | -1131.10% |
| 2017 | -0.41% | -106.33% |
| 2016 | 6.43% | -33.45% |
| 2015 | 9.66% | -526.45% |
| 2014 | -2.27% | -118.51% |
The current ROE of Fidelity California Municipal Income (FCTFX) is greater than its 3-year, greater than its 5-year, and less than than its 10-year historical averages
3-year avg
-6.03%
5-year avg
-0.15%
10-year avg
1.69%
Fidelity California Municipal Income’s ROE is less than Fidelity Massachuseets Municipal Income Fund (0%), greater than Nuveen California Quality Municipal Income Fund (-7.34%), less than Eaton Vance Tax-Advantaged Dividend Income Fund (34.52%), less than Fidelity New York Municipal Income (0%), less than Shenkman Capital Short Duration High Income Fund Class F (9.41%), less than Nuveen Municipal Value Fund, Inc. (5.42%), less than Royce Pennsylvania Mutual Fund (0%), less than Fidelity Government Income (0%), less than MFS Diversified Income Fund (0%), less than Fidelity GNMA Fund (0%),
| Company | ROE | Market cap |
|---|---|---|
| 0% | $1.66B | |
| -7.34% | $1.85B | |
| 34.52% | $2.13B | |
| 0% | $1.33B | |
| 9.41% | $2.10B | |
| 5.42% | $1.87B | |
| 0% | $2.20B | |
| 0% | $1.43B | |
| 0% | $1.80B | |
| 0% | $1.75B |
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What is Fidelity California Municipal Income's ROE?
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What is the 3-year average ROE for Fidelity California Municipal Income (FCTFX)?
What is the 5-year average ROE for Fidelity California Municipal Income (FCTFX)?
How does the current ROE for Fidelity California Municipal Income (FCTFX) compare to its historical average?