Morningstar

Franklin NC Tax-Free Income A FQNCX

Morningstar Medalist Rating
Medalist Rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 10.66  /  0.00
  • Total Assets 582.2 Mil
  • Adj. Expense Ratio
    0.850%
  • Expense Ratio 0.850%
  • Distribution Fee Level High
  • Share Class Type Front Load
  • Category Muni Single State Long
  • Credit Quality / Interest Rate Sensitivity Medium/Moderate
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 2.61%
  • Effective Duration 6.78 years

USD | NAV as of Sep 26, 2024 | 1-Day Return as of Sep 26, 2024, 10:10 PM GMT+0

Morningstar’s Analysis FQNCX

Will FQNCX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FQNCX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the FQNCX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of FQNCX’s parent organization’s priorities and whether they’re in line with investors’ interests.

A drop in People Pillar rating is the primary driver of Franklin NC Tax-Free Income A's downgrade to a Morningstar Medalist Rating of Negative from Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-costliest quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings FQNCX

More FQNCX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 23.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

NORTH CAROLINA MED CARE COMMN HEALTH CARE FACS REV

3.50 20.3 Mil
municipal

NEW HANOVER CNTY N C HOSP REV

2.55 14.8 Mil
municipal

CHARLOTTE-MECKLENBERG HOSP AUTH N C HEALTH CARE SYS REV

2.47 14.3 Mil
municipal

NORTH CAROLINA CAP FACS FIN AGY REV

2.45 14.2 Mil
municipal

NORTH CAROLINA CAP FACS FIN AGY EDL FACS REV

2.43 14.1 Mil
municipal

NORTH CAROLINA CAP FACS FIN AGY REV

2.36 13.7 Mil
municipal

PUERTO RICO SALES TAX FING CORP SALES TAX REV

2.25 13.1 Mil
municipal

NORTH CAROLINA MED CARE COMMN RETIREMENT FACS REV

1.85 10.8 Mil
municipal

WINSTON-SALEM N C WTR & SWR SYS REV

1.74 10.1 Mil
municipal

NORTH CAROLINA CAP FACS FIN AGY EDL FACS REV

1.71 10.0 Mil
municipal

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