Franklin North Carolina Tax-Free Income Fund Advisor Class (FNCZX)

Fund Assets	847.96M
Expense Ratio	0.60%
Min. Investment	$1,000
Turnover	n/a
Dividend (ttm)	0.31
Dividend Yield	3.03%
Dividend Growth	4.91%
Payout Frequency	Monthly
Ex-Dividend Date	Apr 30, 2025

Previous Close	10.17
YTD Return	-1.75%
1-Year Return	1.19%
5-Year Return	1.19%
52-Week Low	n/a
52-Week High	n/a
Beta (5Y)	n/a
Holdings	205
Inception Date	Jul 1, 2009

About FNCZX

The Franklin North Carolina Tax-Free Income Fund Advisor Class (FNCZX) seeks to provide a high level of income exempt from federal income taxes and North Carolina state personal income taxes. Each Fund invests at least 80% of its total assets in securities whose interest is free from federal income taxes, including the federal alternative minimum tax.

• Fund Family: FrankTemp/Frank Adv
• Category: Muni Single State Long
• Performance Rating: Average
• Risk Rating: Average
• Stock Exchange: NASDAQ
• Ticker Symbol: FNCZX
• Share Class: Advisor Class
• Index: Bloomberg Municipal Bond TR

Performance

FNCZX had a total return of 1.19% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.33%.

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%
FXNCX	Class A1	0.70%
FQNCX	Class A	0.85%
FNCIX	Class C	1.24%

Top 10 Holdings

22.55% of assets

Name	Symbol	Weight
NORTH CAROLINA MED CARE COMMN HEALTH CARE FACS REV 5%	NC NCSMED 5 11.01.2046	3.45%
NEW HANOVER CNTY N C HOSP REV 5%	NC NHVMED 5 10.01.2047	2.46%
CHARLOTTE-MECKLENBERG HOSP AUTH N C HEALTH CARE SYS REV 5%	NC CHAMED 5 01.15.2040	2.40%
NORTH CAROLINA CAP FACS FIN AGY REV 5%	NC NCSFAC 5 10.01.2041	2.37%
NORTH CAROLINA CAP FACS FIN AGY EDL FACS REV 5%	NC NCSEDU 5 01.01.2048	2.35%
NORTH CAROLINA CAP FACS FIN AGY REV 5%	NC NCSFAC 5 10.01.2044	2.29%
PUERTO RICO SALES TAX FING CORP SALES TAX REV 5%	PR PRCGEN 5 07.01.2058	2.17%
NORTH CAROLINA MED CARE COMMN RETIREMENT FACS REV 4%	NC NCSMED 4 12.01.2039	1.77%
NORTH CAROLINA TPK AUTH TRIANGLE EXPWY APPROPRIATION REV 4%	NC NCSTRN 4 01.01.2039	1.66%
WINSTON-SALEM N C WTR & SWR SYS REV 4%	NC WINUTL 4 06.01.2047	1.62%

Dividend History

Ex-Dividend	Amount	Pay Date
Apr 30, 2025	$0.02666	Apr 30, 2025
Mar 31, 2025	$0.02473	Mar 31, 2025
Feb 28, 2025	$0.02287	Feb 28, 2025
Jan 31, 2025	$0.02704	Jan 31, 2025
Dec 31, 2024	$0.02649	Dec 31, 2024
Nov 29, 2024	$0.0262	Nov 29, 2024