Franklin PA Tax-Free Income Adv (FPFZX)

Fund Assets	552.92M
Expense Ratio	0.593%
Min. Investment	$1,000
Turnover	15.53%
Dividend (ttm)	0.31
Dividend Yield	3.80%
Dividend Growth	3.89%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 30, 2026

Previous Close	8.17
YTD Return	-3.57%
1-Year Return	-2.36%
5-Year Return	-1.73%
52-Week Low	8.05
52-Week High	8.93
Beta (5Y)	0.02
Holdings	214
Inception Date	Jul 15, 2009

About FPFZX

Franklin Pennsylvania Tax-Free Income Fund Advisor Class is a municipal bond mutual fund designed to provide a high level of tax-exempt income. Its primary objective is to generate income that is exempt from both federal income taxes and Pennsylvania personal income taxes by concentrating at least 80% of its assets in municipal securities issued by Pennsylvania entities. This fund targets individual investors—particularly Pennsylvania residents—who seek to preserve capital while earning tax-advantaged income. It primarily invests in a diversified portfolio of municipal bonds, which can include long-, intermediate-, and short-duration securities. By focusing on Pennsylvania municipal debt, the fund supports infrastructure and public projects within the state while offering potential tax benefits to its shareholders. As an Advisor Class product, it typically features a lower expense structure compared to other share classes, making it a cost-efficient option for fee-based accounts. Franklin Pennsylvania Tax-Free Income Fund Advisor Class plays a vital role in the fixed income market, serving investors focused on tax efficiency and stability in their income streams, particularly those residing in or with financial ties to Pennsylvania.

• Fund Family: Franklin Templeton, Inc
• Category: Muni Pennsylvania
• Performance Rating: Average
• Risk Rating: Above Average
• Stock Exchange: Nasdaq
• Ticker Symbol: FPFZX
• Share Class: Advisor Class
• Index: Bloomberg Municipal Bond TR

Performance

FPFZX had a total return of -2.36% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.27%.

Equivalent Funds

These are funds that follow the same index from the other major fund companies.

Symbol	Provider	Name	Expense Ratio
FPXTX	Fidelity	Fidelity Pennsylvania Municipal Income Fund	0.47%

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
FRPRX	Class R6	0.55%
FRPAX	Class A1	0.70%
FPAQX	Class A	0.85%
FRPTX	Class C	1.24%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 30, 2026	$0.02618	Sep 30, 2026
Aug 31, 2026	$0.02516	Aug 31, 2026
Jul 31, 2026	$0.0286	Jul 31, 2026
Jun 30, 2026	$0.02591	Jun 30, 2026
May 29, 2026	$0.0267	May 29, 2026
Apr 30, 2026	$0.02594	Apr 30, 2026

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Oct 16, 2026

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