Franklin Connecticut Tax-Free Income Fund Class C (FCTIX)
| Fund Assets | 145.81M |
| Expense Ratio | 1.30% |
| Min. Investment | $1,000 |
| Turnover | 12.35% |
| Dividend (ttm) | 0.21 |
| Dividend Yield | 2.34% |
| Dividend Growth | -1.83% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jul 31, 2025 |
| Previous Close | 8.79 |
| YTD Return | -2.79% |
| 1-Year Return | -2.07% |
| 5-Year Return | -5.95% |
| 52-Week Low | 8.61 |
| 52-Week High | 9.36 |
| Beta (5Y) | n/a |
| Holdings | 84 |
| Inception Date | May 1, 1995 |
About FCTIX
Franklin Connecticut Tax-Free Income Fund Class C is a municipal bond mutual fund designed to offer investors a source of income exempt from both federal income tax and Connecticut personal income taxes. This fund primarily invests in a diversified portfolio of municipal securities issued by entities within the state of Connecticut, targeting bonds that finance a variety of public projects, such as education, healthcare, and infrastructure. Its holdings are concentrated in Connecticut-issued municipal bonds, with a significant percentage allocated to sectors like health and educational facilities, as well as special tax obligation bonds. The fund's principal objective is to provide as high a level of tax-free income as possible for Connecticut residents, making it particularly relevant for investors living in the state seeking to minimize their tax liability. With a medium credit quality and interest rate sensitivity, the fund is positioned among other single-state municipal bond funds, but it does feature a higher-than-average expense ratio compared to peers. Overall, the Franklin Connecticut Tax-Free Income Fund Class C serves as a specialized tool for tax-advantaged fixed income exposure focused on Connecticut's municipal market.
Performance
FCTIX had a total return of -2.07% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.69%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
Top 10 Holdings
40.40% of assets| Name | Symbol | Weight |
|---|---|---|
| CONNECTICUT ST HEALTH & EDL FACS AUTH REV 5% | CT.CTSMED 5 07.01.2046 | 6.25% |
| CONNECTICUT ST HEALTH & EDL FACS AUTH REV 5% | CT.CTSMED 5 07.01.2045 | 5.67% |
| CONNECTICUT ST 4% | CT.CTS 4 01.15.2038 | 4.95% |
| CONNECTICUT ST HEALTH & EDL FACS AUTH REV 4% | CT.CTSHGR 4 07.01.2041 | 4.02% |
| CONNECTICUT ST HEALTH & EDL FACS AUTH REV 4% | CT.CTSHGR 4 07.01.2046 | 3.68% |
| CONNECTICUT ST HEALTH & EDL FACS AUTH REV 5% | CT.CTSMED 5 12.01.2045 | 3.42% |
| CONNECTICUT ST SPL TAX OBLIG REV 5% | CT.CTSGEN 5 05.01.2035 | 3.34% |
| CONNECTICUT ST HEALTH & EDL FACS AUTH REV 4% | CT.CTSMED 4 07.01.2046 | 3.07% |
| CONNECTICUT ST HEALTH & EDL FACS AUTH REV 5% | CT.CTSMED 5 07.01.2042 | 3.05% |
| CONNECTICUT ST 5% | CT.CTS 5 11.15.2041 | 2.95% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jul 31, 2025 | $0.01815 | Jul 31, 2025 |
| Jun 30, 2025 | $0.01704 | Jun 30, 2025 |
| May 30, 2025 | $0.01851 | May 30, 2025 |
| Apr 30, 2025 | $0.0177 | Apr 30, 2025 |
| Mar 31, 2025 | $0.01705 | Mar 31, 2025 |
| Feb 28, 2025 | $0.01564 | Feb 28, 2025 |