Morningstar

Franklin Pennsylvania Tax-Free Income Fund Class A1 FRPAX

Morningstar Medalist Rating
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Medalist Rating as of See Franklin Templeton Investment Hub
  • NAV / 1-Day Return $8.32  /  +0.85 %
  • Fund Size $539.7M
  • Adjusted Expense Ratio 0.700%
  • Net Expense Ratio 0.700%
  • Fee Level: Distribution Low
  • Share Class Type Front Load
  • Morningstar Category Muni Pennsylvania
  • Fixed-Income Style Box (Funds) Medium/Extensive
  • Minimum Initial Investment $1,000
  • Investment Status Limited
  • TTM Yield 3.76%
  • Average Effective Duration 8.78 yrs
NAV and 1-Day Return as of

Morningstar’s Analysis FRPAX

Will FRPAX 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 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.

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

Franklin PA Tax-Free Income A1 holds a quantitatively derived Negative Morningstar Medalist Rating. The rating indicates the model sees limited potential for the strategy to outperform peers on a risk-adjusted basis over a full market cycle.

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Portfolio Holdings FRPAX

More FRPAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 18.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

GEISINGER AUTH PA HEALTH SYS REV 5%

2.39 13M
municipal

PENNSYLVANIA ST HIGHER EDL FACS AUTH REV 4.25%

2.37 13M
municipal

LEHIGH CNTY PA GEN PURP AUTH CHARTER SCH REV 4%

2.09 12M
municipal

PENNSYLVANIA ST TPK COMMN TPK REV 5.25%

2.01 11M
municipal

PHILADELPHIA PA AUTH FOR INDL DEV MULTIFAMILY REV 5.5%

1.84 10M
municipal

PHILADELPHIA PA ARPT REV 5%

1.70 9M
municipal

ALLENTOWN PA NEIGHBORHOOD IMPT ZONE DEV AUTH TAX REV 5%

1.59 9M
municipal

MONTGOMERY CNTY PA INDL DEV AUTH RETIREMENT CMNTY REV 5%

1.58 9M
municipal

CASH OR CURRENCY

1.51 8M
Cash and Equivalents

PHILADELPHIA PA AUTH FOR INDL DEV UNIV REV 5.5%

1.51 8M
municipal

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