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.
Fund Family Franklin Templeton Investments
Category Muni Single State Long
Performance Rating Below Average
Risk Rating Above Average
Stock Exchange NASDAQ
Ticker Symbol FCTIX
Share Class Class C
Index Bloomberg Municipal Bond TR
FCTIX had a total return of 5.01% in the past year, including dividends. Since the fund's
inception, the average annual return has been 2.81%.
