Franklin North Carolina Tax-Free Income Fund Class C (FNCIX)

Fund Assets	576.93M
Expense Ratio	1.24%
Min. Investment	$1,000
Turnover	10.28%
Dividend (ttm)	0.25
Dividend Yield	2.34%
Dividend Growth	6.28%
Payout Frequency	Monthly
Ex-Dividend Date	Jan 30, 2026

Previous Close	10.78
YTD Return	1.24%
1-Year Return	4.48%
5-Year Return	-1.42%
52-Week Low	9.83
52-Week High	10.79
Beta (5Y)	0.32
Holdings	206
Inception Date	May 1, 1995

About FNCIX

Franklin North Carolina Tax-Free Income Fund Class C is a municipal bond mutual fund focused on providing investors with a high level of income exempt from both regular federal income taxes and North Carolina state personal income taxes. The fund invests chiefly in North Carolina municipal securities, with a mandate that at least 80% of its assets are allocated to bonds whose interest payments meet tax-exemption criteria, including exemption from the federal alternative minimum tax. This structure makes it especially relevant for North Carolina residents seeking efficient income within their state tax framework. Featuring a diversified portfolio with over 200 holdings, the fund distributes income on a monthly basis and targets long-term income stability with moderate risk characteristics. The fund primarily serves individual investors, institutions, and organizations looking to preserve after-tax income while maintaining exposure to the municipal sector within a single state. Managed by Franklin Templeton, the fund adds unique value as a targeted fixed income vehicle optimized for tax-sensitive investors based in North Carolina.

• Fund Family: Franklin Templeton Investments
• Category: Muni Single State Long
• Performance Rating: Low
• Risk Rating: Average
• Stock Exchange: NASDAQ
• Ticker Symbol: FNCIX
• Share Class: Class C
• Index: Bloomberg Municipal Bond TR

Performance

FNCIX had a total return of 4.48% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.23%.

Equivalent Funds

These are funds that follow the same index from the other major fund companies.

Symbol	Provider	Name	Expense Ratio
FSAZX	Fidelity	Fidelity Arizona Municipal Income Fund	0.55%
FICNX	Fidelity	Fidelity Connecticut Municipal Income Fund	0.46%
FMHTX	Fidelity	Fidelity Michigan Municipal Income Fund	0.46%

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
FNCQX	Class R6	0.56%
FNCZX	Advisor Class	0.60%
FXNCX	Class A1	0.70%
FQNCX	Class A	0.85%

Dividend History

Ex-Dividend	Amount	Pay Date
Jan 30, 2026	$0.02227	Jan 30, 2026
Dec 31, 2025	$0.02285	Dec 31, 2025
Nov 28, 2025	$0.01939	Nov 28, 2025
Oct 31, 2025	$0.02316	Oct 31, 2025
Sep 30, 2025	$0.02014	Sep 30, 2025
Aug 29, 2025	$0.02267	Aug 29, 2025