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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 8.42  /  0.81 %
  • Total Assets 713.0 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 2.99%
  • Effective Duration 7.24 years

USD | NAV as of Sep 22, 2023 | 1-Day Return as of Sep 22, 2023, 11:46 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.

Weakness in Franklin PA Tax-Free Income A1's Process and People Pillar ratings limits this strategy to a Morningstar Medalist Rating of Negative.

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 1
  • Bond Holdings 218
  • Other Holdings 1
  • % Assets in Top 10 Holdings 16.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

STATE COLLEGE PA AREA SCH DIST 5%

2.32
17,003,147
municipal

PENNSYLVANIA ST HIGHER EDL FACS AUTH REV 5%

1.98
14,503,562
municipal

GEISINGER AUTH PA HEALTH SYS REV 5%

1.84
13,444,079
municipal

LEHIGH CNTY PA GEN PURP AUTH CHARTER SCH REV 4%

1.70
12,435,044
municipal

SOUTHCENTRAL PA GEN AUTH REV 5%

1.67
12,242,347
municipal

PHILADELPHIA PA GAS WKS REV 5%

1.53
11,198,959
municipal

PENNSYLVANIA ST UNIV 5%

1.49
10,930,902
municipal

PENNSYLVANIA ST UNIV 5%

1.44
10,562,458
municipal

PENNSYLVANIA ST TPK COMMN TPK REV 4%

1.41
10,300,254
municipal

COMMONWEALTH FING AUTH PA REV 5%

1.41
10,298,796
municipal