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Morningstar

Franklin PA Tax-Free Income A1 FRPAX

Morningstar Medalist Rating
Medalist Rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 8.71  /  −0.11 %
  • Total Assets 686.1 Mil
  • Adj. Expense Ratio
    0.660%
  • Expense Ratio 0.660%
  • Distribution Fee Level Low
  • Share Class Type Front Load
  • Category Muni Pennsylvania
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 1,000
  • Status Limited
  • TTM Yield 3.05%
  • Effective Duration 7.21 years

USD | NAV as of Apr 24, 2024 | 1-Day Return as of Apr 24, 2024, 11:49 PM GMT+0

Morningstar’s Analysis FRPAX

Will FRPAX 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 FRPAX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the FRPAX 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 FRPAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

The combination of an Average People Pillar rating and a Low Process Pillar rating limit Franklin PA Tax-Free Income A1 to a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The strategy charges fees in line with its similarly distributed peers, priced within the middle quintile.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings FRPAX

More FRPAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 17.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

STATE COLLEGE PA AREA SCH DIST 5%

2.36 16.6 Mil
municipal

PENNSYLVANIA ST HIGHER EDL FACS AUTH REV 5%

2.06 14.5 Mil
municipal

GEISINGER AUTH PA HEALTH SYS REV 5%

1.94 13.6 Mil
municipal

LEHIGH CNTY PA GEN PURP AUTH CHARTER SCH REV 4%

1.84 12.9 Mil
municipal

SOUTHCENTRAL PA GEN AUTH REV 5%

1.73 12.2 Mil
municipal

PHILADELPHIA PA GAS WKS REV 5%

1.61 11.3 Mil
municipal

PENNSYLVANIA ST TPK COMMN TPK REV 4%

1.54 10.8 Mil
municipal

PENNSYLVANIA ST UNIV 5%

1.52 10.7 Mil
municipal

PENNSYLVANIA ST UNIV 5%

1.47 10.3 Mil
municipal

COMMONWEALTH FING AUTH PA REV 5%

1.46 10.3 Mil
municipal