About FCOZX
Franklin Colorado Tax-Free Income Fund Advisor Class is a municipal bond mutual fund focused on generating a high level of tax-exempt income for investors, particularly residents of Colorado. The fund primarily invests in bonds issued by Colorado state and local governments to finance public projects, such as infrastructure and utilities. By concentrating its holdings within a single state, the fund provides income that is exempt from both federal and Colorado state personal income taxes, making it particularly appealing to Colorado residents seeking tax-efficient income streams. It typically holds securities with longer maturities, resulting in a portfolio duration exceeding six years, characteristic of the muni single-state long category. The fund’s portfolio features a diversified mix of revenue bonds from sectors like energy, transportation, healthcare, and public utilities. Franklin Colorado Tax-Free Income Fund Advisor Class serves as a specialized fixed income solution, playing a significant role for investors looking to manage interest rate sensitivity while benefiting from local tax advantages within the municipal bond market.
Fund Family Franklin Templeton Investments
Category Muni Single State Long
Performance Rating Above Average
Risk Rating Below Average
Stock Exchange NASDAQ
Ticker Symbol FCOZX
Share Class Advisor Class
Index Bloomberg Municipal Bond TR
FCOZX had a total return of 6.50% in the past year, including dividends. Since the fund's
inception, the average annual return has been 3.06%.
