Franklin Connecticut Tax-Free Income Fund Class R6 (FCTQX)
| Fund Assets | 145.81M |
| Expense Ratio | 0.62% |
| Min. Investment | $1,000,000 |
| Turnover | 12.35% |
| Dividend (ttm) | 0.24 |
| Dividend Yield | 2.79% |
| Dividend Growth | -1.20% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jul 31, 2025 |
| Previous Close | 8.72 |
| YTD Return | -2.59% |
| 1-Year Return | -1.46% |
| 5-Year Return | -2.85% |
| 52-Week Low | 8.54 |
| 52-Week High | 9.29 |
| Beta (5Y) | n/a |
| Holdings | 84 |
| Inception Date | Aug 1, 2017 |
About FCTQX
Franklin Connecticut Tax-Free Income Fund Class R6 is a municipal bond mutual fund focused on generating income that is exempt from both federal and Connecticut state personal income taxes. Its primary purpose is to provide shareholders with a high level of tax-free income by investing at least 80% of its assets in securities that pay interest exempt from regular federal income taxes and Connecticut personal income taxes. The fund mainly invests in investment-grade municipal bonds issued by entities within Connecticut, which may include state and local government obligations and related agencies. Targeted towards investors seeking tax-efficient income, the fund plays an important role in the tax-exempt fixed income segment, particularly for residents of Connecticut or those seeking exposure to single-state municipal debt. Managed by Franklin Templeton, a prominent fund family, this fund is structured as an institutional share class, typically appealing to retirement plans and other large investors due to its expense structure and minimum investment requirements. By specializing in Connecticut municipal securities, the fund provides diversification benefits along with consistent income potential within the tax-advantaged municipal bond market.
Performance
FCTQX had a total return of -1.46% in the past year, including dividends. Since the fund's inception, the average annual return has been 19.05%.
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 | $0.02325 | Jul 31, 2025 |
| Jun 30, 2025 | $0.0218 | Jun 30, 2025 |
| May 30, 2025 | $0.0238 | May 30, 2025 |
| Apr 30, 2025 | $0.02267 | Apr 30, 2025 |
| Mar 31, 2025 | $0.02196 | Mar 31, 2025 |
| Feb 28, 2025 | $0.02045 | Feb 28, 2025 |