FCSTX Fees and Costs — Fidelity California Limited Term Tax-Free Bond Fund
Data updated: 2026-07-24
The net expense ratio is 0.30%: a 0.20% management fee plus 0.10% other expenses. There are no sales loads or redemption fees. Portfolio turnover was 15%.
FCSTX Fees and Expenses
Annual operating expenses and sales charges of FCSTX. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.20% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.10% |
| Gross expense ratio | 0.30% |
| Fee waiver | — |
| Net expense ratio | 0.30% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
FCSTX Costs Over Time
On $10,000 invested in FCSTX, assuming 5% a year before costs, total costs come to $190 over 5 years, cutting the return by 0.31% 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 |
| Fund expenses (net expense ratio 0.30%) | $32 | $99 | $173 |
| Lost growth on money paid in costs | $0 | $5 | $17 |
| Total costs | $32 | $104 | $190 |
| Value after costs | $10,468 | $11,472 | $12,573 |
| Impact on return, per year | 0.31% | 0.31% | 0.31% |
FCSTX 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): $199.0M
- Portfolio turnover (prospectus): 15%
- Securities lending: none during the year
FCSTX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| WELLS FARGO and CO | $34.1M | 19.23% |
| MORGAN STANLEY | $29.6M | 16.72% |
| JPMORGAN CHASE and CO | $25.9M | 14.62% |
| STIFEL FINANCIAL CORP | $17.9M | 10.07% |
| ROYAL BANK OF CANADA | $16.0M | 9.04% |
| BARCLAYS PLC | $13.4M | 7.55% |
| BANK OF AMERICA CORPORATION | $13.3M | 7.50% |
| LOOP CAPITAL MARKETS, LLC | $10.2M | 5.77% |
| MESIROW FINANCIAL HOLDINGS INC | $8.8M | 4.97% |
| GOLDMAN SACHS GROUP INC (THE) | $8.0M | 4.52% |
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.