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Fidelity California AMT Tax-Free Money Market Fund - Institutional Class

  • Symbol: FSBXX
  • No Transaction Fee No Transaction Fee 1
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Average Annual Total Returns

2, 3, 4 More Information
AS OF 3/31/2014; *FUND INCEPTION 11/27/1989
1 Yr 3 Yr 5 Yr 10 Yr Life of Fund*
Fidelity California AMT Tax-Free Money Market Fund - Institutional Class 0.01% 0.02% 0.07% 1.18% 2.24%
Money Market- Tax-Free 0.01% 0.02% 0.04% 1.07% --

Yield

More Information
4/16/2014 3/31/2014
Compound Effective 0.01% 0.01%
7-Day Yield 5 0.01% 0.01%
7-Day without subsidy 6 -- -0.15%

Tax Equivalent Yields

7 More Information
AS OF 4/16/2014
Tax Rate 28% 33% 38.8% 43.4%
Yield 0.02% 0.02% 0.02% 0.02%

Quarter-End Average Annual Total Returns

3, 4 More Information
AS OF 3/31/2014; *FUND INCEPTION 11/27/1989

EXPENSE RATIO (GROSS):Glossary definition opens in new window.
0.25% AS OF 4/29/2013
1 Yr 3 Yr 5 Yr 10 Yr Life of Fund*
Before TaxesGlossary definition opens in new window.
Fidelity California AMT Tax-Free Money Market Fund - Institutional Class 0.01% 0.02% 0.07% 1.18% 2.24%
After Taxes on DistributionsGlossary definition opens in new window.
Fidelity California AMT Tax-Free Money Market Fund - Institutional Class 0.01% 0.02% 0.07% 1.18% --
After taxes on distributions and sale of fund sharesGlossary definition opens in new window.
Fidelity California AMT Tax-Free Money Market Fund - Institutional Class 0.01% 0.02% 0.07% 1.18% --

Cumulative Total Returns

4 More Information
AS OF 3/31/2014; *YTD (DAILY) AS OF 4/16/2014
YTD (Daily)* YTD (Monthly) 1 Month 3 Months 6 Months
Fidelity California AMT Tax-Free Money Market Fund - Institutional Class 0.00% 0.00% 0.00% 0.00% 0.00%
Money Market- Tax-Free -- 0.00% 0.00% 0.00% 0.01%

Risk

The municipal market is volatile and can be significantly affected by adverse tax, legislative, or political changes and the financial condition of the issuers of municipal securities. A portion of the dividends you receive may be subject to federal, state, or local income tax or may be subject to the federal alternative minimum tax. An investment in a money market fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the fund.

Historical Fund Performance

4 More Information
Current year's data as of: 3/31/2014
Year Total Returns Capital Gains Dividends Net Assets ($M)
2014 0.00% -- $0.00002466 $508.53
2013 0.01% -- $0.000101152 $550.82
2012 0.01% -- $0.000130229 $696.06
2011 0.05% -- $0.000473073 $868.14
2010 0.11% -- $0.001068107 $1,078.23
2009 0.25% -- $0.002502772 $1,439.11
2008 1.96% $0.00022 $0.01920337 $2,367.49
2007 3.47% $0.00017 $0.033949837 $3,169.20
2006 3.16% $0.0001 $0.031015617 --
2005 2.13% -- $0.021096623 --

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Mutual Funds are priced as of the previous business day's market close when the market is open. Mutual fund positions are priced as of the official market close (typically 4p.m.) and prices are generally available between 5 p.m. and 6p.m.

Fund Characteristics and Attribution

The performance data featured represents past performance, which is no guarantee of future results. Investment return and principal value of an investment will fluctuate; therefore, you may have a gain or loss when you sell your shares. Current performance may be higher or lower than the performance data quoted.

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2013 Morningstar, Inc. All rights reserved. The Morningstar information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or redistributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Fidelity does not review the Morningstar data and, for fund performance, you should check the fund's current prospectus or other product materials for the most up-to-date information concerning applicable loads, fees and expenses.

1. No Transaction Fee Fidelity funds are available without paying a trading fee to Fidelity or a sales load to the fund. However, the fund may charge a short-term trading or redemption fee to protect the interests of long-term shareholders of the fund. Shares are subject to the fund's management and operating expenses. See Expenses & Fees for more information.

2. Percent Rank in Category is the fund's total-return percentile rank relative to all funds that have the same Morningstar Category. The highest (or most favorable) percentile rank is 1 and the lowest (or least favorable) percentile rank is 100. The top-performing fund in a category will always receive a rank of 1. % Rank in Category is based on total returns which include reinvested dividends and capital gains, if any, and exclude sales charges.

3. The Morningstar Category Average is the average return for the peer group based on the returns of each individual fund within the group, for the period shown. This average assumes reinvestment of dividends.

4. Total returns are historical and include change in share value and reinvestment of dividends and capital gains, if any. Cumulative total returns are reported as of the period indicated. Life of fund figures are reported as of the commencement date to the period indicated and are cumulative if the fund is less than one year old. Total returns do not reflect the fund's [%] sales charge. If sales charges were included, total returns would have been lower.

5. The current yield reflects the current earnings of the fund, while the total return refers to a specific past holding period.

6. Yield without Subsidy is the yield without applicable waivers or reimbursements, whenever Fidelity is subsidizing all or a portion of the fund's expenses as of the current reporting period. Absent such waivers or reimbursements, the returns would have been lower. Waivers and/or reimbursements may be discontinued any time.

7. The tax-equivalent yields (TEYs) estimate what you would have to earn on a taxable investment to equal the fund's tax-exempt yield for a given tax rate. TEYs are calculated by first dividing that portion of a fund's yield that is tax-exempt by one minus the specified federal tax rate, or if it is a state specific fund, by one minus the combined federal tax rate indicated and the state tax rate associated with the upper income limit of that federal tax bracket. Then, that amount is added to the portion, if any, of the fund's yield that is not tax-exempt. TEYs do not reflect tax credits, exemptions, limits on itemized deductions, or federal and/or state alternative minimum taxes. For state specific funds, TEYs also assume investors are state residents and take an itemized deduction for state income taxes on their federal tax returns. For NY funds, TEYs also reflect NYC income taxes and treat them the same as state taxes.

The two highest federal tax brackets include a Medicare surtax of 3.8% imposed by the Patient Protection and Affordable Care Act of 2010. Many, but not all taxpayers in the 33% bracket will also be affected. Consult a tax professional for further detail.

AMT Holdings reflects the percentage of the fund's holdings subject to the federal alternative minimum tax (AMT) as of the date indicated. It does not correspond precisely with the fund's income subject to the AMT because bonds whose income is subject to the AMT usually pay higher dividend income to compensate for the additional tax. As a result, the percentage of income subject to the AMT is usually higher than the AMT holdings shown. AMT holdings can vary significantly throughout the year and may not be representative of the average AMT holdings for the entire year.

Generally, data on Fidelity mutual funds is provided by FMR, LLC, Morningstar ratings and data on non-Fidelity mutual funds is provided by Morningstar, Inc. and data on non-mutual fund products is provided by the product's investment manager, trustee or issuer or the plan sponsor whose plan is offering the product to participants. Although Fidelity believes the data gathered from these third-party sources is reliable, it does not review such information and cannot warrant it to be accurate, complete or timely. Fidelity is not responsible for any damages or losses arising from any use of this third-party information.

Before investing, consider the investment objectives, risks, charges and expenses of the fund or annuity and its investment options. Contact Fidelity for a free prospectus and, if available, summary prospectus containing this information. Read it carefully.