Franklin Connecticut Tax-Free Income Fund Class C (FCTIX)
| Fund Assets | 157.23M |
| Expense Ratio | 1.30% |
| Min. Investment | $1,000 |
| Turnover | 12.35% |
| Dividend (ttm) | 0.21 |
| Dividend Yield | 2.30% |
| Dividend Growth | 4.28% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 30, 2026 |
| Previous Close | 9.30 |
| YTD Return | 1.18% |
| 1-Year Return | 4.89% |
| 5-Year Return | -0.98% |
| 52-Week Low | 8.44 |
| 52-Week High | 9.31 |
| Beta (5Y) | n/a |
| Holdings | 96 |
| 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 4.89% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.16%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jan 30, 2026 | $0.01862 | Jan 30, 2026 |
| Dec 31, 2025 | $0.0189 | Dec 31, 2025 |
| Nov 28, 2025 | $0.01644 | Nov 28, 2025 |
| Oct 31, 2025 | $0.01945 | Oct 31, 2025 |
| Sep 30, 2025 | $0.01743 | Sep 30, 2025 |
| Aug 29, 2025 | $0.01952 | Aug 29, 2025 |