About FRPRX
Franklin Pennsylvania Tax-Free Income Fund Class R6 is a mutual fund focused on providing investors with income that is exempt from both regular federal income taxes and Pennsylvania personal income taxes. Its primary function is to invest at least 80% of its net assets in municipal securities, whose interest payments are generally free from federal income tax, including the federal alternative minimum tax, and state taxes for Pennsylvania residents. This fund primarily serves institutional investors and is structured as a Class R6 share class, which tends to feature a lower expense ratio compared to retail share classes, contributing to its cost efficiency. The fund is particularly relevant for institutions, endowments, or retirement plans seeking stable, tax-advantaged income streams with a Pennsylvania focus. By concentrating its holdings in municipal bonds issued within Pennsylvania, the fund plays a vital role in supporting public infrastructure and services within the state, while simultaneously offering tax-efficient income for qualifying investors. Its market significance lies in its targeted tax benefits and disciplined focus on quality municipal securities tailored to Pennsylvania-based investors or institutions with state-specific tax considerations.
Fund Family Franklin Templeton Investments
Category Muni Pennsylvania
Performance Rating Below Average
Risk Rating Above Average
Stock Exchange NASDAQ
Ticker Symbol FRPRX
Share Class Class R6
Index Bloomberg Municipal Bond TR
FRPRX had a total return of 4.39% in the past year, including dividends. Since the fund's
inception, the average annual return has been 1.64%.
