About FRPAX
Franklin Pennsylvania Tax-Free Income Fund Class A1 is a municipal bond mutual fund focused on delivering federally and Pennsylvania state tax-exempt income. Its primary investment objective is to provide shareholders with a high level of income free from both federal income taxes and Pennsylvania personal income taxes, making it particularly attractive to residents of Pennsylvania seeking tax-advantaged income streams. The fund invests at least 80% of its net assets in a diversified portfolio of municipal securities primarily issued by Pennsylvania, including bonds supporting state infrastructure, education, health care, and local government projects. Managed by a team of professionals, the fund holds over 200 individual securities, emphasizing credit quality and interest rate management, and is characterized by an effective duration generally around seven years. With a moderate expense ratio and a strong focus on creditworthy issuers, Franklin Pennsylvania Tax-Free Income Fund Class A1 plays a significant role in the tax-exempt bond market for Pennsylvania investors, supporting state and municipal development while seeking to provide stable, tax-efficient income.
Fund Family Franklin Templeton Investments
Category Muni Pennsylvania
Performance Rating Below Average
Risk Rating Above Average
Stock Exchange NASDAQ
Ticker Symbol FRPAX
Share Class Class A1
Index Bloomberg Municipal Bond TR
FRPAX had a total return of 4.52% in the past year, including dividends. Since the fund's
inception, the average annual return has been 9.56%.
