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

Fund Assets	576.93M
Expense Ratio	0.70%
Min. Investment	$1,000
Turnover	10.28%
Dividend (ttm)	0.31
Dividend Yield	2.82%
Dividend Growth	4.45%
Payout Frequency	Monthly
Ex-Dividend Date	Jan 30, 2026

Previous Close	10.61
YTD Return	1.17%
1-Year Return	4.85%
5-Year Return	1.06%
52-Week Low	10.00
52-Week High	11.02
Beta (5Y)	n/a
Holdings	206
Inception Date	Sep 1, 1987

About FXNCX

Franklin North Carolina Tax-Free Income Fund Class A1 is an open-end mutual fund focused on providing investors with income that is exempt from both regular federal income taxes and North Carolina personal income taxes. The fund primarily invests at least 80% of its total assets in investment-grade municipal securities issued by state and local entities in North Carolina, which are often used to finance public projects ranging from education and healthcare to transportation infrastructure. Securities in the fund are typically rated in one of the top four quality categories at the time of purchase and may include issues from U.S. territories, offering additional diversification. This single-state municipal bond fund generally maintains a long-duration profile, with average maturities exceeding 12 years, and is structured to appeal to investors seeking tax-efficient income streams. By concentrating on North Carolina, the fund plays a specialized role in the municipal bond market, supporting public works while offering residents targeted tax advantages and portfolio diversification.

• Fund Family: Franklin Templeton Investments
• Category: Muni Single State Long
• Performance Rating: Average
• Risk Rating: Average
• Stock Exchange: NASDAQ
• Ticker Symbol: FXNCX
• Share Class: Class A1
• Index: Bloomberg Municipal Bond TR

Performance

FXNCX had a total return of 4.85% in the past year, including dividends. Since the fund's inception, the average annual return has been 8.66%.

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%

Dividend History

Ex-Dividend	Amount	Pay Date
Jan 30, 2026	$0.0273	Jan 30, 2026
Dec 31, 2025	$0.02802	Dec 31, 2025
Nov 28, 2025	$0.02393	Nov 28, 2025
Oct 31, 2025	$0.02849	Oct 31, 2025
Sep 30, 2025	$0.02475	Sep 30, 2025
Aug 29, 2025	$0.02765	Aug 29, 2025