FCTIX

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.