Franklin North Carolina Tax-Free Income Fund Class C

Franklin North Carolina Tax-Free Income Fund Class C is a municipal bond mutual fund focused on providing investors with a high level of income exempt from both regular federal income taxes and North Carolina state personal income taxes. The fund invests chiefly in North Carolina municipal securities, with a mandate that at least 80% of its assets are allocated to bonds whose interest payments meet tax-exemption criteria, including exemption from the federal alternative minimum tax. This structure makes it especially relevant for North Carolina residents seeking efficient income within their state tax framework. Featuring a diversified portfolio with over 200 holdings, the fund distributes income on a monthly basis and targets long-term income stability with moderate risk characteristics. The fund primarily serves individual investors, institutions, and organizations looking to preserve after-tax income while maintaining exposure to the municipal sector within a single state. Managed by Franklin Templeton, the fund adds unique value as a targeted fixed income vehicle optimized for tax-sensitive investors based in North Carolina.