Morningstar

Franklin Pennsylvania Tax-Free Income Fund Advisor Class FPFZX

Morningstar Medalist Rating
Medalist Rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 8.83  /  0.00
  • Total Assets 655.2M
  • Adj. Expense Ratio
    0.580%
  • Expense Ratio 0.600%
  • Distribution Fee Level Above Average
  • Share Class Type Institutional
  • Category Muni Pennsylvania
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 100,000
  • Status Open
  • TTM Yield 3.51%
  • Effective Duration 8.63 years

USD | NAV as of Jun 12, 2026 | 1-Day Return as of Jun 12, 2026, 12:11 AM GMT+0

Morningstar’s Analysis FPFZX

Will FPFZX outperform in the 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 FPFZX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

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

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

Franklin PA Tax-Free Income Adv holds a quantitatively derived Neutral Morningstar Medalist Rating. The rating suggests the model does not express a clear expectation of outperformance or underperformance relative to peers over a full market cycle.

by Morningstar Automated Analysis
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings FPFZX

More FPFZX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 17.4
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

PENNSYLVANIA ST HIGHER EDL FACS AUTH REV 4.25%

2.30 15M
municipal

GEISINGER AUTH PA HEALTH SYS REV 5%

2.05 13M
municipal

LEHIGH CNTY PA GEN PURP AUTH CHARTER SCH REV 4%

1.99 13M
municipal

PENNSYLVANIA ST TPK COMMN TPK REV 5.25%

1.85 12M
municipal

PHILADELPHIA PA AUTH FOR INDL DEV HOSP REV 2.55%

1.68 11M
municipal

PHILADELPHIA PA AUTH FOR INDL DEV MULTIFAMILY REV 5.5%

1.58 10M
municipal

PHILADELPHIA PA ARPT REV 5%

1.55 10M
municipal

MONTGOMERY CNTY PA INDL DEV AUTH RETIREMENT CMNTY REV 5%

1.49 10M
municipal

PENNSYLVANIA ST TPK COMMN TPK REV 4%

1.45 10M
municipal

ALLENTOWN PA NEIGHBORHOOD IMPT ZONE DEV AUTH TAX REV 5%

1.45 9M
municipal

Sponsor Center