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Morningstar

Franklin NC Tax-Free Income Adv FNCZX

Morningstar Medalist Rating
Medalist Rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 10.54  /  +0.12 %
  • Total Assets 577.2 Mil
  • Adj. Expense Ratio
    0.600%
  • Expense Ratio 0.600%
  • Distribution Fee Level Above Average
  • Share Class Type No Load
  • Category Muni Single State Long
  • Credit Quality / Interest Rate Sensitivity Medium/Moderate
  • Min. Initial Investment —
  • Status Open
  • TTM Yield 2.82%
  • Effective Duration 6.78 years

USD | NAV as of Jul 26, 2024 | 1-Day Return as of Jul 26, 2024, 10:12 PM GMT+0

Morningstar’s Analysis FNCZX

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

  • People Pillar

    The People Pillar is our evaluation of the FNCZX 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 FNCZX’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 Adv to a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The portfolio maintains a cost advantage over competitors, priced within the cheapest fee quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings FNCZX

More FNCZX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 23.2
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

NORTH CAROLINA MED CARE COMMN HEALTH CARE FACS REV 5%

3.48 20.2 Mil
municipal

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

2.50 14.5 Mil
municipal

NEW HANOVER CNTY N C HOSP REV 5%

2.49 14.4 Mil
municipal

NORTH CAROLINA CAP FACS FIN AGY EDL FACS REV 5%

2.46 14.3 Mil
municipal

NORTH CAROLINA CAP FACS FIN AGY REV 5%

2.42 14.0 Mil
municipal

NORTH CAROLINA CAP FACS FIN AGY REV 5%

2.33 13.5 Mil
municipal

PUERTO RICO SALES TAX FING CORP SALES TAX REV 5%

2.28 13.2 Mil
municipal

NORTH CAROLINA TPK AUTH TRIANGLE EXPWY APPROPRIATION REV 4%

1.75 10.1 Mil
municipal

NORTH CAROLINA CAP FACS FIN AGY EDL FACS REV 4%

1.73 10.0 Mil
municipal

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

1.72 10.0 Mil
municipal