About FPAQX
Franklin Pennsylvania Tax-Free Income Fund Class A is a municipal bond mutual fund designed to provide investors with income that is exempt from both regular federal income taxes and Pennsylvania personal income taxes. The fund primarily invests at least 80% of its assets in municipal debt securities issued by Pennsylvania entities, which finance projects or services such as education, health care, transportation, utilities, and housing. By focusing on investment-grade bonds from within the state, the fund appeals particularly to investors residing in Pennsylvania who seek tax efficiency and a steady stream of income.
The fund distributes income monthly and maintains broad exposure across various sectors, with significant allocations to education and health care issuers. Managed with an emphasis on prudent investment practices and capital preservation, Franklin Pennsylvania Tax-Free Income Fund Class A also includes a small allocation to out-of-state municipal securities. Its risk and return profile is characteristic of municipal Pennsylvania portfolios, balancing yield with a relatively conservative approach to credit risk. This fund plays a vital role in the market for tax-exempt municipal securities, providing a dedicated investment vehicle tailored to the needs of Pennsylvania residents seeking efficient income generation.
Fund Family Franklin Templeton Investments
Category Muni Pennsylvania
Performance Rating Below Average
Risk Rating Above Average
Stock Exchange NASDAQ
Ticker Symbol FPAQX
Share Class Class A
Index Bloomberg Municipal Bond TR
FPAQX had a total return of 4.59% in the past year, including dividends. Since the fund's
inception, the average annual return has been 4.15%.
