Morningstar

Franklin North Carolina Tax-Free Income Fund Class A1 FXNCX

Morningstar Medalist Rating
Medalist Rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 10.58  /  0.00
  • Total Assets 583.9M
  • Adj. Expense Ratio
    0.700%
  • Expense Ratio 0.710%
  • Distribution Fee Level Low
  • Share Class Type Front Load
  • Category Muni Single State Long
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 1,000
  • Status Limited
  • TTM Yield 3.04%
  • Effective Duration 7.88 years

USD | NAV as of Jun 18, 2026 | 1-Day Return as of Jun 18, 2026, 12:11 AM GMT+0

Morningstar’s Analysis FXNCX

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

  • People Pillar

    The People Pillar is our evaluation of the FXNCX 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 FXNCX’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 A1 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.

by Morningstar Automated Analysis
Rated on Published on

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Portfolio Holdings FXNCX

More FXNCX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 21.7
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

NORTH CAROLINA MED CARE COMMN HEALTH CARE FACS REV 5%

3.51 20M
municipal

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

2.45 14M
municipal

NEW HANOVER CNTY N C HOSP REV 5%

2.45 14M
municipal

NORTH CAROLINA CAP FACS FIN AGY EDL FACS REV 5%

2.39 14M
municipal

NORTH CAROLINA TPK AUTH TRIANGLE EXPWY SYS REV 5%

2.14 12M
municipal

PUERTO RICO SALES TAX FING CORP SALES TAX REV 5%

2.03 12M
municipal

NORTH CAROLINA MED CARE COMMN RETIREMENT FACS REV 4%

1.88 11M
municipal

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

1.72 10M
municipal

CHARLOTTE N C ARPT REV 4%

1.59 9M
municipal

CHARLOTTE N C CTFS PARTN 5%

1.49 9M
municipal

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