FNCQX

About FNCQX

The Franklin North Carolina Tax-Free Income Fund Class R6 is a mutual fund designed to deliver a high level of income that remains exempt from both federal income taxes—covering the federal alternative minimum tax—and North Carolina state personal income taxes. The fund accomplishes this by investing at least 80% of its total assets in municipal securities, typically issued by entities within North Carolina and other issuers whose interest payments qualify for the relevant tax advantages. It primarily serves investors seeking tax-efficient income, especially those residing in North Carolina or with tax liabilities in the state. This fund is classified in the municipal single-state long category, emphasizing a portfolio with longer-term municipal bonds. Its holdings are diversified across more than 200 securities, contributing to average risk and performance ratings. The Fund’s assets are substantial, and it distributes dividends to shareholders on a monthly basis, making it suitable for clients prioritizing consistent, tax-advantaged income streams. The overall structure supports both individual and institutional investors aiming to minimize taxable income while maintaining exposure to the municipal bond market.