FQNCX — Franklin North Carolina Tax-Free Income Fund
Data updated: 2026-07-27
FQNCX — Franklin North Carolina Tax-Free Income Fund data: holdings, portfolio allocation, expenses, performance, cashflows, risk and SEC filings. Long Municipal - National Bond · $576.84M AUM · 0.86% expense ratio · 4.2% 1-yr return. From SEC regulatory filings.
FQNCX Fund Overview
FQNCX — Franklin North Carolina Tax-Free Income Fund is a US mutual fund managed by Franklin Tax Free Trust, categorised as Long Municipal - National Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Franklin Tax Free Trust
- Category: Long Municipal - National Bond
- Assets under management: $576.84M
- 1-year return: 4.2%
- Ticker: FQNCX
- SEC CIK: 0000757010
- SEC series ID: S000006924
- Share class ID: C000205903
FQNCX Holdings
Top 10 holdings of Franklin North Carolina Tax-Free Income Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| North Carolina Medical Care Commission | 3.47% |
| Charlotte-Mecklenburg Hospital Authority (The) | 2.43% |
| County of New Hanover NC | 2.43% |
| North Carolina Capital Facilities Finance Agency | 2.37% |
| North Carolina Turnpike Authority | 2.11% |
| Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue | 2.00% |
| North Carolina Medical Care Commission | 1.86% |
| City of Winston-Salem NC Water & Sewer System Revenue | 1.70% |
| City of Charlotte NC Airport Revenue | 1.57% |
| City of Charlotte NC | 1.48% |
FQNCX Portfolio Allocation
Asset-class allocation of Franklin North Carolina Tax-Free Income Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 97.5% |
| Cash & Equivalents | 1.7% |
FQNCX Performance
Total returns for FQNCX (as of 2026-08-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 2.1% |
| 1 year | 4.2% |
| 3 years (annualised) | 4.2% |
| 5 years (annualised) | 0.8% |
FQNCX Risk Information
Risk metrics for FQNCX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 4.6%
FQNCX Costs and Fees
FQNCX costs about $86 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.86%
- Gross expense ratio: 0.86%
- Portfolio turnover: 16%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
FQNCX Cashflows
Over the 12 months to 2026-02, Franklin North Carolina Tax-Free Income Fund had net outflows of $30.57M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-02 | $1.97M |
| 2026-01 | $4.20M |
| 2025-12 | −$2.45M |
| 2025-11 | −$858.75K |
| 2025-10 | $2.63M |
| 2025-09 | −$783.58K |
FQNCX Debt Constituents
Largest debt holdings of Franklin North Carolina Tax-Free Income Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| North Carolina Medical Care Commission | 3.47% |
| Charlotte-Mecklenburg Hospital Authority (The) | 2.43% |
| County of New Hanover NC | 2.43% |
| North Carolina Capital Facilities Finance Agency | 2.37% |
| North Carolina Turnpike Authority | 2.11% |
| Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue | 2.00% |
| North Carolina Medical Care Commission | 1.86% |
| City of Winston-Salem NC Water & Sewer System Revenue | 1.70% |
| City of Charlotte NC Airport Revenue | 1.57% |
| City of Charlotte NC | 1.48% |
FQNCX Prospectus and SEC Filings
Official Franklin North Carolina Tax-Free Income Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
Related Funds
Other Long Municipal - National Bond funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.