FNCZX

About FNCZX

Franklin North Carolina Tax-Free Income Fund Advisor Class is an open-end mutual fund designed to provide investors with income that is generally exempt from both federal and North Carolina state personal income taxes. The fund primarily invests in a diversified portfolio of North Carolina municipal bonds, which are issued by state and local governments to fund public projects such as schools, roads, and other infrastructure. By concentrating on municipal bonds from a single state, the fund enables residents of North Carolina to maximize their state-specific tax benefits. This fund belongs to the muni single-state long category, characterized by durations typically exceeding six years and average maturities of more than twelve years. Franklin North Carolina Tax-Free Income Fund Advisor Class is managed by a team of professionals with the objective of capital preservation and stable tax-advantaged income, while maintaining a low allocation to equities and a modest exposure to foreign-issue bonds. Its market role centers on offering a specialized fixed income solution to investors seeking tax efficiency and municipal bond exposure within North Carolina.