Franklin Pennsylvania Tax-Free Income Fund Class A1 (FRPAX)

Fund Assets	638.80M
Expense Ratio	0.70%
Min. Investment	$1,000
Turnover	15.53%
Dividend (ttm)	0.30
Dividend Yield	3.53%
Dividend Growth	4.59%
Payout Frequency	Monthly
Ex-Dividend Date	Jul 31, 2026

Previous Close	8.64
YTD Return	0.20%
1-Year Return	5.99%
5-Year Return	0.94%
52-Week Low	8.42
52-Week High	8.92
Beta (5Y)	0.03
Holdings	210
Inception Date	Dec 15, 1986

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: Average
• Stock Exchange: NASDAQ
• Ticker Symbol: FRPAX
• Share Class: Class A1
• Index: Bloomberg Municipal Bond TR

Performance

FRPAX had a total return of 5.99% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.93%.

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%
FPFZX	Advisor Class	0.60%
FPAQX	Class A	0.85%
FRPTX	Class C	1.24%

Dividend History

Ex-Dividend	Amount	Pay Date
Jul 31, 2026	$0.0278	Jul 31, 2026
Jun 30, 2026	$0.02519	Jun 30, 2026
May 29, 2026	$0.02595	May 29, 2026
Apr 30, 2026	$0.02522	Apr 30, 2026
Mar 31, 2026	$0.02548	Mar 31, 2026
Feb 27, 2026	$0.02317	Feb 27, 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:

Aug 27, 2026

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