FXNCX

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.