FXCTX

About FXCTX

Franklin Connecticut Tax-Free Income Fund Class A1 is a municipal bond mutual fund designed to provide investors with a high level of income exempt from both regular federal income taxes and Connecticut personal income taxes. The fund primarily invests at least 80% of its assets in municipal securities issued by entities within Connecticut or those whose interest payments are tax-free at the federal and state level. It is particularly tailored for Connecticut residents seeking tax-efficient income, targeting bonds with varying maturities and credit qualities. The portfolio is predominantly composed of fixed income securities such as revenue bonds and general obligation bonds, with strict attention to creditworthiness and tax-exempt status. As a non-diversified fund, Franklin Connecticut Tax-Free Income Fund Class A1 may concentrate assets among fewer issuers, which can increase exposure to specific sectors or municipalities within the state. This fund plays a key role in the market by offering a specialized solution for investors aiming to reduce their tax burden while participating in the municipal bond sector, especially those with ties to Connecticut.