FXCTX Performance — Franklin Connecticut Tax-Free Income Fund, Class A1
Data updated: 2026-07-27
FXCTX returned +1.69% year to date and +7.96% over one year to May 2026. Annualised returns are +4.05% over 3 years and +0.46% over 5 years. The fund beat its Long-Term Municipal Bond category average: $100 invested three years ago grew to $113, against $112 for the category, and to $108 over one year, against $107. Volatility over the past three years was 6.71% a year. In the 12 months to May 2026 the fund took in a net $10.6M, and assets reached $161.52M.
FXCTX Growth of $100
What $100 invested in Franklin Connecticut Tax-Free Income Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Long-Term Municipal Bond category average over the same months.
| Period | FXCTX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $108 | $107 |
| 3 years (Jun 2023 – May 2026) | $113 | $112 |
| 5 years (Jun 2021 – May 2026) | $102 | $103 |
| Since data start (Sep 2019 – May 2026) | $107 | $109 |
FXCTX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +1.69% |
| 1 year | +7.96% |
| 3 years (annualised) | +4.05% |
| 5 years (annualised) | +0.46% |
FXCTX Annual Returns
Calendar-year total returns of Franklin Connecticut Tax-Free Income Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +1.69% |
| 2025 | +3.67% |
| 2024 | +1.94% |
| 2023 | +6.62% |
| 2022 | −11.43% |
| 2021 | +1.55% |
| 2020 | +4.02% |
| 2019 (Sep–Dec) | −0.03% |
FXCTX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +0.6% | +1.5% | −2.2% | +1.1% | +0.7% | — | — | — | — | — | — | — |
| 2025 | +0.1% | +1.1% | −2.2% | −1.0% | −0.4% | +0.8% | −0.8% | +1.0% | +3.0% | +1.7% | +0.3% | 0.0% |
| 2024 | −0.4% | +0.3% | +0.1% | −1.5% | −0.2% | +2.2% | +0.8% | +0.5% | +1.3% | −1.5% | +2.0% | −1.6% |
| 2023 | +3.3% | −2.6% | +2.3% | −0.1% | −1.0% | +1.0% | +0.2% | −1.8% | −3.2% | −1.8% | +7.8% | +2.7% |
| 2022 | −2.7% | −0.9% | −3.4% | −3.3% | +1.0% | −2.6% | +2.9% | −2.8% | −4.5% | −0.7% | +5.6% | −0.2% |
| 2021 | +0.4% | −1.4% | +0.6% | +0.9% | +0.2% | +0.3% | +0.8% | −0.5% | −0.8% | 0.0% | +1.0% | +0.2% |
| 2020 | +1.2% | +1.2% | −2.7% | −1.5% | +2.3% | +1.1% | +1.1% | −0.3% | +0.1% | −0.2% | +1.0% | +0.6% |
| 2019 | — | — | — | — | — | — | — | — | −0.4% | +0.1% | +0.1% | +0.1% |
FXCTX Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 6.71%
- 3-year Sharpe ratio: -0.07 (vs 4.5% risk-free rate)
- Best month: +7.84% (Nov 2023)
- Worst month: −3.16% (Sep 2023)
FXCTX Fund Flows
Monthly money in and out of Franklin Connecticut Tax-Free Income Fund, from SEC Form N-PORT.
- 12-month net flow: $10.6M
- 12-month gross sales (incl. reinvestments): $33.8M
- Sales ÷ redemptions: 1.46×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $3.0M | $1.9M | $1.1M |
| Apr 2026 | $4.5M | $3.4M | $1.0M |
| Mar 2026 | $3.0M | $2.6M | $463K |
| Feb 2026 | $2.8M | $1.3M | $1.5M |
| Jan 2026 | $1.9M | $1.7M | $173K |
| Dec 2025 | $3.6M | $2.3M | $1.3M |
| Nov 2025 | $2.4M | $2.1M | $318K |
| Oct 2025 | $1.8M | $1.6M | $280K |
| Sep 2025 | $2.9M | $2.3M | $674K |
| Aug 2025 | $2.4M | $1.4M | $961K |
| Jul 2025 | $3.2M | $1.6M | $1.6M |
| Jun 2025 | $2.2M | $1.0M | $1.1M |
FXCTX Assets Under Management
Net assets of Franklin Connecticut Tax-Free Income Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $161.52M |
| 2026-02-28 | $160.90M |
| 2025-11-30 | $155.52M |
| 2025-08-31 | $147.95M |
| 2025-05-31 | $143.80M |
| 2025-02-28 | $151.71M |
| 2024-11-30 | $143.57M |
| 2024-08-31 | $143.70M |
| 2024-05-31 | $140.70M |
| 2024-02-29 | $145.82M |
| 2023-11-30 | $141.48M |
| 2023-08-31 | $139.85M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.