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Fidelity® California AMT Tax-Free Money Market Fund

  • Symbol: FSPXX
  • No Transaction Fee No Transaction Fee 1


 2 More Information
AS OF 2/28/2015
Average Annual Returns
YTD (Daily)* 1 Yr 3 Yr 5 Yr 10 Yr
YTD (Daily)* 0.00% 1 Yr +0.02% 3 Yr +0.01% 5 Yr +0.01% 10 Yr +1.04%
*AS OF 3/26/2015; Value is cumulative

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.

Fund Manager(s)

More Information
Mike J Marchese since 12/1/2011

Fund Overview


Seeks as high a level of current income, exempt from federal income tax and California state personal income tax, as is consistent with preservation of capital.


Normally investing in municipal money market securities. Normally investing at least 80% of assets in municipal securities whose interest is exempt from federal and California personal income taxes. Potentially investing up to 20% of assets in municipal securities whose interest is subject to California personal income tax. Normally not investing in municipal securities whose interest is subject to the federal alternative minimum tax.


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.

Additional Disclosures

A mutual fund registered under Fidelity California Municipal Trust II, and managed by Fidelity SelectCo, LLC. This description is only intended to provide a brief overview of the fund. Read the fund's prospectus for more detailed information about the fund.

Morningstar® Snapshot*

AS OF 2/28/2015; MORNINGSTAR CATEGORY: Money Market-Tax-Free
Risk of this Category Category Risk Rating:1, where 1 is Lower and 10 is Higher

*Data provided by Morningstar. Please click on the indicator above to learn more about comparison groups and methodology.


More Information
Morningstar Category Money Market-Tax-Free
Fund Inception 11/27/1989
Glossary definition opens in new window.Exp Ratio (Gross)
($3.00 per $1000)
Glossary definition opens in new window.Exp Ratio - Annual Report (Net)
($0.80 per $1000)
Minimum to Invest 3 $25,000.00
Glossary definition opens in new window.Portfolio Net Assets ($M)
Glossary definition opens in new window.Share Class Net Assets ($M)
12 Month Low-High
$1.00 - $1.00
Glossary definition opens in new window.Daily Market Value

Prospectus Net Expense Ratio is 0.3% as of 4/29/2014 and may not include certain voluntary caps and waivers that reduce the actual expenses of the fund. The voluntary caps and waivers can be discontinued at any time.

Chart Fund Price (NAV)

Fixed Income Characteristics

More Information
7-Day Yield 4
Tax Equivalent Yield

Composition by

 6 More Information
AS OF 1/31/2015
Municipal Notes 10.19%
Municipal Bonds 8.50%
Tender Bonds 0.57%
Commercial Paper 10.79%
Variable-Rate Demand Notes 63.69%
Other Money Market Investments 6.07%
Net Other Assets 0.19%

Net Other Assets may include cash and receivables and payables related to open security or capital stock trades.

Quarter-End Average Annual Total Returns

 7, 2 More Information
AS OF 12/31/2014; FUND INCEPTION 11/27/1989 Glossary definition opens in new window.

0.3% AS OF 4/29/2014
1 Yr 3 Yr 5 Yr 10 Yr Life
Glossary definition opens in new window.Before Taxes
Fidelity® California AMT Tax-Free Money Market Fund 0.02% 0.01% 0.01% 1.07% 2.15%
CG 3-Month Treasury Bill 0.03% 0.05% 0.07% 1.46% 3.17%
Money Market-Tax-Free 0.01% 0.02% 0.02% 1.02% --
Glossary definition opens in new window.After Taxes on Distributions
Fidelity® California AMT Tax-Free Money Market Fund 0.02% 0.01% 0.01% 1.07% --
Glossary definition opens in new window.After taxes on distributions and sale of fund shares
Fidelity® California AMT Tax-Free Money Market Fund 0.02% 0.01% 0.01% 1.07% --

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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.

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2015 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. 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.

3. Initial minimum investments into group retirement accounts such as Fidelity Simplified Employee Pension-IRA, Keogh, Self-Employed 401(k), and Non-Fidelity Prototype Retirement accounts are $500 or higher. There is no minimum for additional investments in any type of Fidelity fund you already own.

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

5. 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.

6. Any holdings, asset allocation, diversification breakdowns or other composition data shown are as of the date indicated and are subject to change at any time. They may not be representative of the fund's current or future investments. The Top Ten holdings do not include money market instruments or futures contracts, if any. Depository receipts are normally combined with the underlying security. Some breakdowns may be intentionally limited to a particular asset class or other subset of the fund's entire portfolio, particularly in multi-asset class funds where the attributes of the equity and fixed income portions are different.

Under the asset allocation section, international (or foreign) assets may be reported differently depending on how an investment option reports its holdings. Some do not report international (or foreign) holdings here, but instead report them in a "Regional Diversification" section. Some report them in this section in addition to the equity, bond and other allocation shown. Others report international (or foreign) holding as a subset of the equity and bond allocations shown. If the allocation without the foreign component equals (or rounds to) 100%, then international (or foreign) is a subset of the equity and bond percentage shown.

7. 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.

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.

Morningstar Category: Money Market-Tax-Free
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