Mutual Fund Insights: Fidelity Advisor CA Municipal Inc T Fund (FCMTX)

In-depth Analysis of Fidelity Advisor CA Municipal Inc T Fund (FCMTX)

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See Fidelity Advisor CA Municipal Inc T Fund (FCMTX) performance details as of January 31, 2010

  

Last Trade: $11.96 on 3/19/2010, Change: 0.00 (0%)

  

Fund Manager - Jamie Pagliocco

Fund Manager Tenure: 3.7 years   [Similar Funds: FCMAX  FCMBX  FCMKX  FCMQX ]
Fundmojo Fund Grade: B (Score: 0.65)     (What does this score mean?)

Pagliocco is co-manager of Advisor Municipal Income Fund, which he has managed since February 2009. He also manages other Fidelity funds. Since joining Fidelity Investments in 2001, Mr. Pagliocco has worked as a municipal bond trader, assistant fixed income head trader and portfolio manager.  Get more insights on Jamie Pagliocco

  

 What we like about Fidelity Advisor CA Municipal Inc T Fund (FCMTX)

Data for Fidelity Advisor CA Municipal Inc T Fund (FCMTX) as of January 31, 2010

• Fidelity Advisor CA Municipal Inc T Fund (FCMTX) management has been with Fidelity Advisor CA Municipal Inc T Fund for 3.7 years
• Fidelity Advisor CA Municipal Inc T Fund (FCMTX) has good mid-term performance (3-year return 2.78% vs 1.89% Muni California Long category average)
• Fidelity Advisor CA Municipal Inc T Fund (FCMTX) has good Long-term performance (5-year return 2.92% vs 2.63% Muni California Long category average)
• Fidelity Advisor CA Municipal Inc T Fund (FCMTX) ratio of up-years vs down years is greater than 2
• Fidelity Advisor CA Municipal Inc T Fund (FCMTX) has an annual stock turnover rate of 26.00% vs Muni California Long average of 32.53%. It is good that Fidelity Advisor CA Municipal Inc T management does not trade extensively for its return.
• Fidelity Advisor CA Municipal Inc T Fund (FCMTX) is less volatile than its peers as it has a 3-year Standard Deviation of 6.41, lower than category average of 8.45
• Fidelity Advisor CA Municipal Inc T Fund (FCMTX) has a lower management fee than its Muni California Long average: 0.73% vs 1.04%

  

 What we are cautious about Fidelity Advisor CA Municipal Inc T Fund (FCMTX)

Data for Fidelity Advisor CA Municipal Inc T Fund (FCMTX) as of January 31, 2010

• Fidelity Advisor CA Municipal Inc T Fund (FCMTX) has a less-than-ideal short-term performance (1-year return 7.99% vs 12.39% Muni California Long category average)
• Fidelity Advisor CA Municipal Inc T Fund (FCMTX) has a Morningstar rating of 3 and below
• Fidelity Advisor CA Municipal Inc T Fund (FCMTX) is less safe compared to its Muni California Long peers
• Fidelity Advisor CA Municipal Inc T Fund (FCMTX) carries a 4% load

See Fidelity Advisor CA Municipal Inc T Fund (FCMTX) performance details as of January 31, 2010

  

  

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Fidelity Advisor CA Municipal Inc T Fund (FCMTX) Net Asset

Track net asset change of Fidelity Advisor CA Municipal Inc T fund (FCMTX)

Date	Net Asset
01/2010	$6.15M
11/2009	$6.12M
10/2009	$6.16M

More historic net asset information on Fidelity Advisor CA Municipal Inc T Fund (FCMTX)

  

Fidelity Advisor CA Municipal Inc T Fund (FCMTX) Portfolio Allocation

Track portfolio allocation change of Fidelity Advisor CA Municipal Inc T fund (FCMTX)

Date	Cash	Stock	Bond	Other
10/2009	1.99%	0%	98.01%	0%
09/2009	2.02%	0%	97.98%	0%
07/2009	1.68%	0%	98.32%	0%

Click here to see more historic asset allocation information on Fidelity Advisor CA Municipal Inc T Fund (FCMTX)

  

Most Recent Top 10 Holdings in Fidelity Advisor CA Municipal Inc T Fund (FCMTX)

Discover what Fidelity Advisor CA Municipal Inc T Fund (FCMTX) manager is buying

31-Oct-09 California St Various P 5.5% [1.93%] Foothill / Eastern Transn Corr Rev Bd 5% [1.25%] Sweetwater Calif Un High Sch D Go 5.625% [1.09%] Riverside Cnty Calif Asset Lea Leas 6.5% [1.01%] Los Angeles Calif Hbr Dept Rev Rev 7.6% [0.82%] Sonoma Cnty Calif Jr College D Go Bds 5% [0.77%] Golden St Tob Securitization C Enhanc 5% [0.72%] Port Oakland Calif Rev Inter Lie 5% [0.71%] Los Angeles Calif Cmnty Colleg Go Bds 6% [0.69%] Los Angeles Calif Wastewtr Sys Rev 5.75% [0.68%]

30-Sep-09 California St Various P 5.5% [1.96%] Foothill / Eastern Transn Corr Rev Bd 5% [1.29%] Sweetwater Calif Un High Sch D Go 5.625% [1.1%] Riverside Cnty Calif Asset Lea Leas 6.5% [0.99%] Los Angeles Calif Hbr Dept Rev Rev 7.6% [0.87%] Sonoma Cnty Calif Jr College D Go Bds 5% [0.77%] Golden St Tob Securitization C Enhanc 5% [0.76%] Port Oakland Calif Rev Inter Lie 5% [0.7%] Los Angeles Calif Cmnty Colleg Go Bds 6% [0.7%] Los Angeles Calif Wastewtr Sys Rev 5.75% [0.68%]

31-Jul-09 California St Various P 5.5% [2.03%] Sweetwater Calif Un High Sch D Go 5.625% [1.12%] Foothill / Eastern Transn Corr Rev Bd 5% [1.12%] Riverside Cnty Calif Asset Lea Leas 6.5% [1.07%] Los Angeles Calif Hbr Dept Rev Rev 7.6% [0.94%] Port Oakland Calif Rev Inter Lie 5% [0.73%] Golden St Tob Securitization C Enhanc 5% [0.71%] San Bernardino Cnty Calif Ctfs Co 6.875% [0.7%] Los Angeles Calif Wastewtr Sys Rev 5.75% [0.69%] Los Angeles Calif Cmnty Colleg Go Bds 6% [0.69%]

Click here for Stock Holding Change Map in Fidelity Advisor CA Municipal Inc T Fund (FCMTX)

  

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See more information on Fidelity Advisor CA Municipal Inc T Fund (FCMTX)

• Fidelity Advisor CA Municipal Inc T Fund Insights
• Fidelity Advisor CA Municipal Inc T Fund Performance Data
• Fidelity Advisor CA Municipal Inc T Fund News
• Fidelity Advisor CA Municipal Inc T Fund Score Explaination
• Fidelity Advisor CA Municipal Inc T Fund Manager Information
• Historic Fidelity Advisor CA Municipal Inc T Fund Asset Allocation Report
• Historic Fidelity Advisor CA Municipal Inc T Fund Top 10 Holding Tracking
• Historic Fidelity Advisor CA Municipal Inc T Fund Asset Under Management Tracking