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Morningstar

Franklin CT Tax-Free Income Adv FCNZX

Morningstar Medalist Rating
Medalist Rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 8.62  /  0.03 %
  • Total Assets 137.8 Mil
  • Adj. Expense Ratio
    0.650%
  • Expense Ratio 0.650%
  • Distribution Fee Level High
  • Share Class Type Institutional
  • Category Muni Single State Long
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 100,000
  • Status Open
  • TTM Yield 2.90%
  • Effective Duration 7.16 years

USD | NAV as of Sep 22, 2023 | 1-Day Return as of Sep 22, 2023, 10:16 PM GMT+0

Morningstar’s Analysis FCNZX

Will FCNZX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FCNZX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the FCNZX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

The Parent Pillar is our rating of FCNZX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Weakness in Franklin CT Tax-Free Income Adv's Process and People Pillar ratings limits this strategy to a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The portfolio maintains a cost advantage over competitors, priced within the second-lowest fee quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings FCNZX

More FCNZX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 82
  • Other Holdings 1
  • % Assets in Top 10 Holdings 42.7
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

CONNECTICUT ST HEALTH & EDL FACS AUTH REV 5%

6.56
9,199,960
municipal

CONNECTICUT ST HEALTH & EDL FACS AUTH REV 5%

5.98
8,389,596
municipal

CONNECTICUT ST 4%

5.21
7,307,025
municipal

CONNECTICUT ST HEALTH & EDL FACS AUTH REV 4%

3.95
5,546,597
municipal

CONNECTICUT ST HEALTH & EDL FACS AUTH REV 4%

3.93
5,511,703
municipal

CONNECTICUT ST HEALTH & EDL FACS AUTH REV 5%

3.64
5,112,746
municipal

CONNECTICUT ST SPL TAX OBLIG REV 5%

3.60
5,049,763
municipal

CONNECTICUT ST HEALTH & EDL FACS AUTH REV 5%

3.42
4,802,519
municipal

CONNECTICUT ST HEALTH & EDL FACS AUTH REV 4%

3.20
4,494,714
municipal

CONNECTICUT ST HEALTH & EDL FACS AUTH REV 5%

3.20
4,493,398
municipal