FQCTX

About FQCTX

Franklin Connecticut Tax-Free Income Fund Class A is a municipal bond mutual fund designed to provide shareholders with a high level of current income that is exempt from both federal and Connecticut state personal income taxes. The fund primarily invests in investment-grade municipal securities issued by the State of Connecticut and its local entities, focusing on maintaining prudent investment management and capital preservation. By concentrating its holdings within a specific geographic region, the fund particularly appeals to Connecticut residents seeking tax advantages on their income. The portfolio typically features bonds supporting various public projects, such as infrastructure, education, and transportation, thereby playing a role in the state’s development initiatives. With an average credit quality rated 'A', the fund aligns with its peer group in terms of risk profile and strives to balance income generation with relative stability. Franklin Connecticut Tax-Free Income Fund Class A serves investors looking for a steady, tax-efficient income stream, especially those with a focus on minimizing local and federal tax liabilities through municipal bond investments.