Franklin CT Tax-Free Income Adv (FCNZX)
| Fund Assets | 147.96M |
| Expense Ratio | 0.65% |
| Min. Investment | $1,000 |
| Turnover | 12.35% |
| Dividend (ttm) | 0.27 |
| Dividend Yield | 2.96% |
| Dividend Growth | -0.75% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 29, 2025 |
| Previous Close | 9.00 |
| YTD Return | 0.29% |
| 1-Year Return | -0.03% |
| 5-Year Return | -0.07% |
| 52-Week Low | 8.54 |
| 52-Week High | 9.28 |
| Beta (5Y) | n/a |
| Holdings | 88 |
| Inception Date | Jul 15, 2009 |
About FCNZX
Franklin Connecticut Tax-Free Income Fund Advisor Class is a municipal bond mutual fund designed to generate a high level of income that is exempt from both federal and Connecticut personal income taxes. The fund primarily invests at least 80% of its assets in municipal securities issued by Connecticut state and local entities, which finance public projects such as schools, hospitals, and infrastructure improvements. By focusing on bonds from a single state, the fund supports local development while catering to investors who seek tax-advantaged income specific to Connecticut residents. Notable features include a diversified portfolio of over 80 holdings, with a significant portion allocated to key Connecticut government and health-related agencies. The fund maintains an average to moderate risk profile and distributes income monthly, making it particularly attractive for individuals looking for predictable, tax-free cash flow. Since its inception in 2009, the fund has offered Connecticut-based investors a targeted solution for municipal bond exposure within the broader fixed income market, emphasizing both income generation and tax efficiency within its specific state-focused strategy.
Performance
FCNZX had a total return of -0.03% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.27%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
Top 10 Holdings
39.50% of assets| Name | Symbol | Weight |
|---|---|---|
| CONNECTICUT ST HEALTH & EDL FACS AUTH REV 5% | CT.CTSMED 5 07.01.2046 | 6.12% |
| CONNECTICUT ST HEALTH & EDL FACS AUTH REV 5% | CT.CTSMED 5 07.01.2045 | 5.52% |
| CONNECTICUT ST 4% | CT.CTS 4 01.15.2038 | 4.91% |
| CONNECTICUT ST HEALTH & EDL FACS AUTH REV 4% | CT.CTSHGR 4 07.01.2041 | 3.91% |
| CONNECTICUT ST HEALTH & EDL FACS AUTH REV 4% | CT.CTSHGR 4 07.01.2046 | 3.52% |
| CONNECTICUT ST HEALTH & EDL FACS AUTH REV 5% | CT.CTSMED 5 12.01.2045 | 3.34% |
| CONNECTICUT ST SPL TAX OBLIG REV 5% | CT.CTSGEN 5 05.01.2035 | 3.32% |
| CONNECTICUT ST HEALTH & EDL FACS AUTH REV 5% | CT.CTSMED 5 07.01.2042 | 3.01% |
| CONNECTICUT ST HEALTH & EDL FACS AUTH REV 4% | CT.CTSMED 4 07.01.2046 | 2.93% |
| CONNECTICUT ST 5% | CT.CTS 5 11.15.2041 | 2.90% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Aug 29, 2025 | $0.02456 | Aug 29, 2025 |
| Jul 31, 2025 | $0.02302 | Jul 31, 2025 |
| Jun 30, 2025 | $0.0216 | Jun 30, 2025 |
| May 30, 2025 | $0.02356 | May 30, 2025 |
| Apr 30, 2025 | $0.02244 | Apr 30, 2025 |
| Mar 31, 2025 | $0.02175 | Mar 31, 2025 |