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Morningstar

Franklin NC Tax-Free Income A1 FXNCX

Morningstar Medalist Rating
Medalist Rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 10.35  /  0.30 %
  • Total Assets 577.6 Mil
  • Adj. Expense Ratio
    0.680%
  • Expense Ratio 0.680%
  • 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 2.65%
  • Effective Duration 7.66 years

USD | NAV as of Dec 06, 2023 | 1-Day Return as of Dec 06, 2023, 11:11 PM GMT+0

Morningstar’s Analysis FXNCX

Will FXNCX 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 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.

Weakness in Franklin NC Tax-Free Income A1's People and Process Pillar ratings limits this strategy to a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The strategy charges fees in line with its similarly distributed peers, priced within the middle quintile.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings FXNCX

More FXNCX Holdings
  • Current Portfolio Date
  • Equity Holdings 1
  • Bond Holdings 211
  • Other Holdings 2
  • % Assets in Top 10 Holdings 24.0
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

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

3.66
20,228,888
municipal

NORTH CAROLINA MED CARE COMMN HEALTH CARE FACS REV 5%

3.58
19,781,516
municipal

NEW HANOVER CNTY N C HOSP REV 5%

2.58
14,253,931
municipal

NORTH CAROLINA CAP FACS FIN AGY REV 5%

2.52
13,950,299
municipal

NORTH CAROLINA CAP FACS FIN AGY EDL FACS REV 5%

2.48
13,744,026
municipal

NORTH CAROLINA CAP FACS FIN AGY REV 5%

2.37
13,086,544
municipal

PUERTO RICO SALES TAX FING CORP SALES TAX REV 5%

2.08
11,500,130
municipal

NORTH CAROLINA TPK AUTH TRIANGLE EXPWY APPROPRIATION REV 4%

1.64
9,078,336
municipal

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

1.59
8,791,767
municipal

CHARLOTTE N C CTFS PARTN 5%

1.55
8,549,900
municipal