Fidelity California Municipal Income

Fidelity California Municipal Income - ROEverified

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

The ROE as of August 2026 (TTM) for Fidelity California Municipal Income (FCTFX) is -14.37%

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.

Fidelity California Municipal Income (FCTFX) Historical ROE (quarterly & annually)

How has FCTFX ROE performed in the past?

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%.

Quarterly (TTM)
Annual

Average

1.69%

Median

1.27%

Minimum

-15.84%

Maximum

14.41%

Fidelity California Municipal Income (FCTFX) ROE by Quarter and Year

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%

Quarterly (TTM)
Annual
YearROEChange
2023-15.84%1.18%
2022-1.24%20.77%
2021-1.02%-107.11%
202014.41%388.56%
20192.95%-29.75%
20184.20%-1131.10%
2017-0.41%-106.33%
20166.43%-33.45%
20159.66%-526.45%
2014-2.27%-118.51%

Fidelity California Municipal Income (FCTFX) Average ROE

How has FCTFX ROE performed in the past?

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 (FCTFX) ROE vs. Peers

How is FCTFX’s ROE compared to its peers?

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%),

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Frequently asked questions❓

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