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.
Fund Family Franklin Templeton Investments
Category Muni Single State Long
Performance Rating Average
Risk Rating Above Average
Stock Exchange NASDAQ
Ticker Symbol FCNZX
Share Class Advisor Class
Index Bloomberg Municipal Bond TR
FCNZX had a total return of 5.74% in the past year, including dividends. Since the fund's
inception, the average annual return has been 2.42%.
