Morningstar

Franklin PA Tax-Free Income Adv FPFZX

Morningstar Medalist Rating
Medalist Rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 9.04  /  −0.10 %
  • Total Assets 685.6 Mil
  • Adj. Expense Ratio
    0.590%
  • Expense Ratio 0.590%
  • Distribution Fee Level Above Average
  • Share Class Type Institutional
  • Category Muni Pennsylvania
  • Credit Quality / Interest Rate Sensitivity Medium/Moderate
  • Min. Initial Investment 100,000
  • Status Open
  • TTM Yield 3.19%
  • Effective Duration 6.89 years

USD | NAV as of Oct 02, 2024 | 1-Day Return as of Oct 02, 2024, 10:20 PM GMT+0

Morningstar’s Analysis FPFZX

Will FPFZX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FPFZX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the FPFZX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of FPFZX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Weakness in Franklin PA Tax-Free Income Adv's People and Process Pillar ratings limits this strategy to a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The portfolio maintains a cost advantage over competitors, priced within the second-cheapest fee quintile among peers.

by Morningstar Manager Research
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Portfolio Holdings FPFZX

More FPFZX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 16.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

PENNSYLVANIA ST HIGHER EDL FACS AUTH REV

2.12 14.4 Mil
municipal

GEISINGER AUTH PA HEALTH SYS REV

1.99 13.6 Mil
municipal

LEHIGH CNTY PA GEN PURP AUTH CHARTER SCH REV

1.97 13.4 Mil
municipal

PHILADELPHIA PA GAS WKS REV

1.65 11.3 Mil
municipal

PENNSYLVANIA ST UNIV

1.60 10.9 Mil
municipal

PENNSYLVANIA ST TPK COMMN TPK REV

1.56 10.6 Mil
municipal

PENNSYLVANIA ST UNIV

1.55 10.6 Mil
municipal

STATE COLLEGE PA AREA SCH DIST

1.51 10.3 Mil
municipal

COMMONWEALTH FING AUTH PA REV

1.50 10.3 Mil
municipal

PHILADELPHIA PA ARPT REV

1.50 10.2 Mil
municipal

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