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Morningstar

Franklin CT Tax-Free Income C FCTIX

Morningstar Medalist Rating
Medalist Rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 9.05  /  −0.10 %
  • Total Assets 143.0 Mil
  • Adj. Expense Ratio
    1.300%
  • Expense Ratio 1.300%
  • Distribution Fee Level Below Average
  • Share Class Type Level Load
  • Category Muni Single State Long
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 2.25%
  • Effective Duration 6.80 years

USD | NAV as of Apr 18, 2024 | 1-Day Return as of Apr 18, 2024, 10:16 PM GMT+0

Morningstar’s Analysis FCTIX

Will FCTIX 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 FCTIX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the FCTIX 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 FCTIX’s parent organization’s priorities and whether they’re in line with investors’ interests.

The combination of an Average People Pillar rating and a Below Average Process Pillar rating limit Franklin CT Tax-Free Income C to a Morningstar Medalist Rating of Negative.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the highest quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings FCTIX

More FCTIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 42.4
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

CONNECTICUT ST HEALTH & EDL FACS AUTH REV 5%

6.34 9.2 Mil
municipal

CONNECTICUT ST HEALTH & EDL FACS AUTH REV 5%

5.78 8.4 Mil
municipal

CONNECTICUT ST 4%

5.17 7.5 Mil
municipal

CONNECTICUT ST HEALTH & EDL FACS AUTH REV 4%

4.17 6.1 Mil
municipal

CONNECTICUT ST HEALTH & EDL FACS AUTH REV 4%

3.90 5.7 Mil
municipal

CONNECTICUT ST HEALTH & EDL FACS AUTH REV 5%

3.54 5.2 Mil
municipal

CONNECTICUT ST SPL TAX OBLIG REV 5%

3.53 5.2 Mil
municipal

CONNECTICUT ST HEALTH & EDL FACS AUTH REV 5%

3.47 5.1 Mil
municipal

CONNECTICUT ST HEALTH & EDL FACS AUTH REV 4%

3.34 4.9 Mil
municipal

CONNECTICUT ST HEALTH & EDL FACS AUTH REV 5%

3.09 4.5 Mil
municipal