See what your fund actually adds
Fidelity California Limited Term Tax-Free Bond Fund FCSTX
Historical return decomposition and an investable replication portfolio, using data through 2026-10-09.
Fund and replication metrics
| Measure | FCSTX | Replication |
|---|---|---|
| Annualized growth | 0.8% | 1.6% |
| Annualized volatility | 2.7% | 2.8% |
| Sharpe ratio | 0.30 | 0.58 |
| Maximum drawdown | 6.7% | 7.4% |
| Replication fit (R²) | 0.85 · Tracking error 1.0% | |
Replication portfolio
The published portfolio below is the investable basket used to model FCSTX’s historical return behavior.
| Ticker | Building block | Weight |
|---|---|---|
| MUB | FI · Municipal | 44.7% |
| VGSH | FI · Short Gov | 38.4% |
| BKLN | FI · Senior Bank Loans | 13.5% |
| STIP | FI · Short TIPS | 3.5% |