Public Site >Sign In  | Register
My Cart
My Cart Summary
Mandatory items may have been added.


Franklin North Carolina Tax-Free Income Fund

Fund Category: Tax Free IncomeGo to Prices & Performance page
showing this category of funds.

Share This Page
Symbol FXNCX
CUSIP 354 723 793
Fund Number 170
Inception Date1 Sep 01, 1987
Distributions Monthly
Total Net Assets
(all share classes)
As of 02/28/2015

As of  03/27/2015

NAV2 $12.12  
NAV Change -$0.01  
POP3 $12.66  
YTD Total Return at NAV 0.55%
Distribution Rate at NAV 3.61%
30-day Standardized Yield4
As of 02/28/2015 (updated monthly)

Average Annual Total Returns
As of Quarter End 12/31/2014

w/ Sales Charge w/o Sales Charge
1 Yr 4.03% 8.67%
5 Yrs 3.10% 4.00%
10 Yrs 3.55% 4.00%
Life 5.69% 5.86%

Expense Ratio and Sales Charge As of 07/01/2014 (updated annually)

Gross Expense Ratio5 0.62%
Net Expense Ratio 0.62%
Max Initial Sales Charge 4.25%
CDSC 0.00%
12b-1 Fee 0.10%

Fund Description

Strategy Statement
Portfolio Managers
Stella Wong
"In the Franklin Muni Department, we are committed to a conservative, disciplined investment strategy. We seek to provide shareholders with a high level of tax-free income while preserving capital."

Stella Wong, 1987
Joined Franklin Templeton in 1986

Strategy, Benefits, Results


  • We take a conservative, income-oriented approach.
  • We don't use leverage or invest in derivatives, which can increase portfolio volatility.
  • Our analysts search for high-quality, undervalued bonds.
  • We buy and hold for the long term.


  • Monthly income exempt from federal income taxes and North Carolina personal income taxes i.
  • Portfolio diversification
  • Tenured investment team with expertise across market cycles

i. For investors subject to the alternative minimum tax, a small portion of fund dividends may be taxable. Distributions of capital gains are generally taxable.


Hypothetical $10K Investment

Hypothetical $10K Investment

Investing in the Fund

What Are the Risks?
  • All investments involve risks, including possible loss of principal.
  • Yield and share price will fluctuate with market conditions due to municipal bonds’ sensitivity to interest-rate movements.
  • Bond prices generally move in the opposite direction of interest rates, thus the fund’s share price may decline as the prices of bonds adjust to a rise in interest rates.
  • Investments concentrated in a single state are subject to greater risk of adverse economic and regulatory changes in that state than a geographically diversified fund.
  • The fund holds a portion of its assets in Puerto Rico municipal bonds that have been impacted by recent adverse economic and market changes, which may cause the fund’s share price to decline.
  • These and other risk considerations are discussed in the fund’s prospectus.

Minimum Investment


How Financial Advisors Help You

Speak to your financial advisor about whether this fund is appropriate for you. If you don't have a financial advisor, request a referral.

You need Adobe Acrobat Reader 6.0 or higher to view and print PDF documents. Download a free version from Adobe's website.

Important Legal Information


For US residents only.