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Morningstar

Franklin NC Tax-Free Income C FNCIX

Morningstar Medalist Rating
Medalist Rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 10.54  /  −0.28 %
  • Total Assets 581.3 Mil
  • Adj. Expense Ratio
    1.220%
  • 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 2.09%
  • Effective Duration 7.08 years

USD | NAV as of Apr 16, 2024 | 1-Day Return as of Apr 16, 2024, 10:11 PM GMT+0

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.

The combination of an Average People Pillar rating and a Below Average Process Pillar rating limit Franklin NC 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 second-costliest quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings FNCIX

More FNCIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 22.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

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3.44 20.3 Mil
municipal

NEW HANOVER CNTY N C HOSP REV 5%

2.51 14.8 Mil
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CHARLOTTE-MECKLENBERG HOSP AUTH N C HEALTH CARE SYS REV 5%

2.43 14.4 Mil
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NORTH CAROLINA CAP FACS FIN AGY REV 5%

2.42 14.3 Mil
municipal

NORTH CAROLINA CAP FACS FIN AGY EDL FACS REV 5%

2.40 14.2 Mil
municipal

NORTH CAROLINA CAP FACS FIN AGY REV 5%

2.31 13.6 Mil
municipal

PUERTO RICO SALES TAX FING CORP SALES TAX REV 5%

2.22 13.1 Mil
municipal

NORTH CAROLINA TPK AUTH TRIANGLE EXPWY APPROPRIATION REV 4%

1.70 10.0 Mil
municipal

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

1.69 10.0 Mil
municipal

NORTH CAROLINA CAP FACS FIN AGY EDL FACS REV 4%

1.69 10.0 Mil
municipal