FCMKX Fees and Costs — Fidelity California Municipal Income Fund, Class C
Data updated: 2026-07-24
The net expense ratio is 1.49%: a 0.48% management fee, a 1.00% 12b-1 fee plus 0.01% other expenses. This share class carries a deferred sales charge of up to 1.00%. Portfolio turnover was 19%.
FCMKX Fees and Expenses
Annual operating expenses and sales charges of FCMKX. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.48% |
| 12b-1 fee | 1.00% |
| Other expenses | 0.01% |
| Gross expense ratio | 1.49% |
| Fee waiver | — |
| Net expense ratio | 1.49% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 1.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
FCMKX Costs Over Time
On $10,000 invested in FCMKX, assuming 5% a year before costs, total costs come to $923 over 5 years, cutting the return by 1.56% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Sales charges | $103 | $0 | $0 |
| Fund expenses (net expense ratio 1.49%) | $156 | $486 | $838 |
| Lost growth on money paid in costs | $0 | $24 | $85 |
| Total costs | $260 | $510 | $923 |
| Value after costs | $10,240 | $11,066 | $11,840 |
| Impact on return, per year | 2.60% | 1.56% | 1.56% |
FCMKX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending February 28, 2026.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $785.4M
- Portfolio turnover (prospectus): 19%
- Securities lending: none during the year
FCMKX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY | $190.5M | 27.37% |
| BANK OF AMERICA CORPORATION | $138.9M | 19.96% |
| ROYAL BANK OF CANADA | $76.8M | 11.03% |
| JPMORGAN CHASE and CO | $68.4M | 9.82% |
| BARCLAYS PLC | $66.6M | 9.57% |
| WELLS FARGO and CO | $41.8M | 6.01% |
| GOLDMAN SACHS GROUP INC (THE) | $34.8M | 5.00% |
| SHANK WILLIAMS CISNEROS LLC | $27.4M | 3.94% |
| SAR HOLDINGS INC | $25.7M | 3.70% |
| RAYMOND JAMES FINANCIAL INC. | $25.1M | 3.60% |
Fidelity California Municipal Income Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| FIJBX | Class Z | 0.40% | none |
| FCTFX | Fidelity California Municipal Income Fund | 0.43% | — |
| FCMQX | Class I | 0.52% | none |
| FCMTX | Class M | 0.67% | 4.00% |
| FCMAX | Class A | 0.76% | 4.00% |
| FCMKX | Class C | 1.49% | none |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.