Franklin North Carolina Tax-Free Income Fund Class A1 (FXNCX)

Fund Assets	624.93M
Expense Ratio	0.70%
Min. Investment	$1,000
Turnover	n/a
Dividend (ttm)	0.30
Dividend Yield	2.90%
Dividend Growth	5.57%
Payout Frequency	Monthly
Ex-Dividend Date	Jun 30, 2025

Previous Close	10.03
YTD Return	-3.52%
1-Year Return	-2.50%
5-Year Return	-3.95%
52-Week Low	9.87
52-Week High	10.70
Beta (5Y)	n/a
Holdings	205
Inception Date	Sep 1, 1987

About FXNCX

The Franklin North Carolina Tax-Free Income Fund Class A1 (FXNCX) 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: Franklin A1
• Category: Muni Single State Long
• Stock Exchange: NASDAQ
• Ticker Symbol: FXNCX
• Share Class: Class A1
• Index: Bloomberg Municipal Bond TR

Performance

FXNCX had a total return of -2.50% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.23%.

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%
FQNCX	Class A	0.85%
FNCIX	Class C	1.24%

Top 10 Holdings

23.00% of assets

Name	Symbol	Weight
NORTH CAROLINA MED CARE COMMN HEALTH CARE FACS REV 5%	NC.NCSMED 5 11.01.2046	3.53%
NEW HANOVER CNTY N C HOSP REV 5%	NC.NHVMED 5 10.01.2047	2.53%
CHARLOTTE-MECKLENBERG HOSP AUTH N C HEALTH CARE SYS REV 5%	NC.CHAMED 5 01.15.2040	2.51%
NORTH CAROLINA CAP FACS FIN AGY REV 5%	NC.NCSFAC 5 10.01.2041	2.44%
NORTH CAROLINA CAP FACS FIN AGY EDL FACS REV 5%	NC.NCSEDU 5 01.01.2048	2.43%
NORTH CAROLINA CAP FACS FIN AGY REV 5%	NC.NCSFAC 5 10.01.2044	2.33%
PUERTO RICO SALES TAX FING CORP SALES TAX REV 5%	PR.PRCGEN 5 07.01.2058	2.16%
NORTH CAROLINA MED CARE COMMN RETIREMENT FACS REV 4%	NC.NCSMED 4 12.01.2039	1.82%
WINSTON-SALEM N C WTR & SWR SYS REV 4%	NC.WINUTL 4 06.01.2047	1.66%
NORTH CAROLINA CAP FACS FIN AGY EDL FACS REV 4%	NC.NCSEDU 4 01.01.2048	1.59%

Dividend History

Ex-Dividend	Amount	Pay Date
Jun 30, 2025	$0.02487	Jun 30, 2025
May 30, 2025	$0.02762	May 30, 2025
Apr 30, 2025	$0.02582	Apr 30, 2025
Mar 31, 2025	$0.0239	Mar 31, 2025
Feb 28, 2025	$0.02206	Feb 28, 2025
Jan 31, 2025	$0.02612	Jan 31, 2025