![[John Wileys avatar]](https://franklintempletonprod.widen.net/content/8hjant6xk2/webp/Wiley_John_500x500.png){kind=avatar}
Managed Fund Since 2020
Fixed Income
FRPTX Franklin Pennsylvania Tax-Free Income Fund
- Tax-Free Income. Monthly income exempt from federal income taxes and Pennsylvania personal income taxes.
- Broad access. Invests across all sectors and maturities within the investment grade rated municipal bond universe.
- Portfolio diversification. Can be used as a core portfolio holding, providing diversification from equities.
Popular Documents
NAV
$8.94
As of 06/09/2026
YTD Total Returns At NAV
1.60%
As of 06/09/2026
Total Net Assets
$655.47M
As of 05/31/2026 (Updated Monthly)
Overview
Fund Facts
Fund description
The fund seeks to provide investors with as high a level of income exempt from regular federal income taxes and Pennsylvania personal income taxes as is consistent with prudent investment management and the preservation of shareholders' capital.
- Benchmark
- Bloomberg Municipal Bond Index
- Fund Inception Date
- 12/01/1986
- Dividend Frequency, if any
- Monthly
- Distribution Rate at NAV
As of 06/09/2026 (Updated Daily) - 2.92%
- 30-Day SEC Yield—With Waiver
As of 05/31/2026 (Updated Monthly) - 2.97%
- 30-Day SEC Yield—Without Waiver
As of 05/31/2026 (Updated Monthly) - 2.95%
- Taxable Equivalent Yield—With Waiver
As of 05/31/2026 (Updated Monthly) - 5.29%
- Taxable Equivalent Yield—Without Waiver
As of 05/31/2026 (Updated Monthly) - 5.26%
Sales Charges, Expenses & Fees
- Gross Expense Ratio
- 1.22%
- Net Expense Ratio
- 1.22%
- Maximum Initial Charge
- —
- CDSC
- 1.00%
- 12b-1 Fee
- 0.65%
Identifiers
- Ticker
- FRPTX
- Fund Number
- 229
- CUSIP Code
- 354723447
Average Annual Total Returns As of 05/31/2026
Class C
- 6.10%1 Year
- 3.17%3 Years
- -0.28%5 Years
- 0.95%10 Years
- 3.26%Since Inception
05/01/1995
Top Sectors
As of 05/31/2026 % of Total (Updated Monthly)
Health Care26.47% | |
Education24.20% | |
Transportation15.58% | |
Local8.03% | |
Housing7.66% |
Additional Fund Info
- Share Class Inception Date
- 05/01/1995
- Investment Style
- Municipals
- Lipper Classification
- Pennsylvania Municipal Debt Funds
- Morningstar Category
- Muni Pennsylvania
Manager and Commentary
About the Team
Franklin Templeton Fixed Income
A global leader in fixed income, the team strives to provide consistent and resilient returns by combining deep fundamental research with rigorous portfolio construction. This solutions-driven approach means maintaining portfolio and risk exposures that align with client expectations.
Franklin Templeton Fixed Income
![[Chris Sperrys avatar]](https://franklintempletonprod.widen.net/content/rrysr3ynlm/webp/Sperry_Christopher_500x500.png){kind=avatar}
Managed Fund Since 2020
![[John Bonellis avatar]](https://franklintempletonprod.widen.net/content/reo4i1ff5e/webp/Bonelli_John_500x500.png){kind=avatar}
Managed Fund Since 2020
![[Michael Conns avatar]](https://franklintempletonprod.widen.net/content/ogxwyxvhfy/webp/Conn_Michael_500x500.png){kind=avatar}
Managed Fund Since 2020
![[Garrett L Hamiltons avatar]](https://franklintempletonprod.widen.net/content/nkn3k7b1qn/webp/Hamilton_Garrett_500x500.png){kind=avatar}
Managed Fund Since 2026
Latest Insights
June 8, 2026
April 29, 2026
Performance
Ratings
Portfolio
Distributions & Tax
Pricing
Documents
Risks
All investments involve risks, including possible loss of principal. Fixed income securities involve interest rate, credit, inflation and reinvestment risks, and possible loss of principal. As interest rates rise, the value of fixed income securities falls. Portfolios focused on a single state are subject to greater risk of adverse economic and regulatory changes in that state than a geographically diversified fund. Changes in the credit rating of a bond, or in the credit rating or financial strength of a bond’s issuer, insurer or guarantor, may affect the bond’s value. An investor may be subject to the federal Alternative Minimum Tax, and state and local taxes may apply. These and other risks are discussed in the fund’s prospectus.