Morningstar

Franklin North Carolina Tax-Free Income Fund Class C FNCIX

Morningstar Medalist Rating
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Medalist Rating as of See Franklin Templeton Investment Hub
  • NAV / 1-Day Return $10.24  /  +0.29 %
  • Fund Size $537.3M
  • Adjusted Expense Ratio 1.250%
  • Net Expense Ratio 1.250%
  • Fee Level: Distribution Low
  • Share Class Type Level Load
  • Morningstar Category Muni Single State Long
  • Fixed-Income Style Box (Funds) —
  • Minimum Initial Investment $1,000
  • Investment Status Open
  • TTM Yield 2.71%
  • Average Effective Duration 8.18 yrs
NAV and 1-Day Return as of

Morningstar’s Analysis FNCIX

Will FNCIX outperform in the 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 FNCIX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

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

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

Franklin NC Tax-Free Income C holds a quantitatively derived Negative Morningstar Medalist Rating. The rating indicates the model sees limited potential for the strategy to outperform peers on a risk-adjusted basis over a full market cycle.

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Portfolio Holdings FNCIX

More FNCIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 22.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

NORTH CAROLINA MED CARE COMMN HEALTH CARE FACS REV 5%

3.64 19M
municipal

CHARLOTTE-MECKLENBURG HOSP AUTH N C HEALTH CARE SYS REV 5%

2.68 14M
municipal

NEW HANOVER CNTY N C HOSP REV 5%

2.67 14M
municipal

NORTH CAROLINA CAP FACS FIN AGY EDL FACS REV 5%

2.52 13M
municipal

NORTH CAROLINA TPK AUTH TRIANGLE EXPWY SYS REV 5%

2.18 11M
municipal

PUERTO RICO SALES TAX FING CORP SALES TAX REV 5%

2.03 11M
municipal

NORTH CAROLINA MED CARE COMMN RETIREMENT FACS REV 4%

1.82 10M
municipal

WINSTON-SALEM N C WTR & SWR SYS REV 4%

1.65 9M
municipal

CHARLOTTE N C CTFS PARTN 5%

1.59 8M
municipal

CHARLOTTE N C ARPT REV 4%

1.57 8M
municipal

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