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Morningstar

Franklin PA Tax-Free Income C FRPTX

Morningstar Medalist Rating
Medalist Rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 8.87  /  0.02 %
  • Total Assets 717.5 Mil
  • Adj. Expense Ratio
    1.210%
  • Expense Ratio 1.210%
  • Distribution Fee Level Low
  • Share Class Type Level Load
  • Category Muni Pennsylvania
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 2.46%
  • Effective Duration 7.59 years

USD | NAV as of Dec 08, 2023 | 1-Day Return as of Dec 08, 2023, 11:15 PM GMT+0

Morningstar’s Analysis FRPTX

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

People Pillar

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

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

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-highest quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings FRPTX

More FRPTX Holdings
  • Current Portfolio Date
  • Equity Holdings 1
  • Bond Holdings 215
  • Other Holdings 2
  • % Assets in Top 10 Holdings 17.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

STATE COLLEGE PA AREA SCH DIST 5%

2.45
16,598,933
municipal

PENNSYLVANIA ST HIGHER EDL FACS AUTH REV 5%

2.10
14,245,309
municipal

GEISINGER AUTH PA HEALTH SYS REV 5%

1.94
13,115,044
municipal

SOUTHCENTRAL PA GEN AUTH REV 5%

1.81
12,275,098
municipal

LEHIGH CNTY PA GEN PURP AUTH CHARTER SCH REV 4%

1.73
11,717,565
municipal

PENNSYLVANIA ST UNIV 5%

1.57
10,639,852
municipal

PHILADELPHIA PA GAS WKS REV 5%

1.56
10,565,563
municipal

COMMONWEALTH FING AUTH PA REV 5%

1.52
10,291,262
municipal

PENNSYLVANIA ST UNIV 5%

1.51
10,214,427
municipal

PHILADELPHIA PA ARPT REV 5%

1.41
9,538,374
municipal