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Morningstar

Franklin NC Tax-Free Income C FNCIX

Morningstar Analyst Rating
Quantitative rating as of
  • NAV / 1-Day Return 10.72  /  0.10 %
  • Total Assets 632.2 Mil
  • Adj. Expense Ratio
    —
  • Expense Ratio 1.220%
  • Distribution Fee Level Low
  • Share Class Type Level Load
  • Category Muni Single State Long
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 1.77%
  • Effective Duration 7.50 years

USD | NAV as of Feb 01, 2023 | 1-Day Return as of Feb 01, 2023, 11:20 PM GMT+00:00

Morningstar’s Analysis FNCIX

Will FNCIX 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 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.

Summary

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Weakness in Franklin NC Tax-Free Income C's People and Process Pillar ratings limits this strategy to a Morningstar Quantitative Rating of Negative. Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-costliest quintile among peers.

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