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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 8.83  /  +0.01 %
  • Total Assets 693.8 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 2.47%
  • Effective Duration 7.21 years

USD | NAV as of Apr 18, 2024 | 1-Day Return as of Apr 18, 2024, 10:16 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.

The combination of an Average People Pillar rating and a Low Process Pillar rating limit Franklin PA Tax-Free Income C 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 —
  • 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