FPFZX

About FPFZX

Franklin Pennsylvania Tax-Free Income Fund Advisor Class is a municipal bond mutual fund designed to provide a high level of tax-exempt income. Its primary objective is to generate income that is exempt from both federal income taxes and Pennsylvania personal income taxes by concentrating at least 80% of its assets in municipal securities issued by Pennsylvania entities. This fund targets individual investors—particularly Pennsylvania residents—who seek to preserve capital while earning tax-advantaged income. It primarily invests in a diversified portfolio of municipal bonds, which can include long-, intermediate-, and short-duration securities. By focusing on Pennsylvania municipal debt, the fund supports infrastructure and public projects within the state while offering potential tax benefits to its shareholders. As an Advisor Class product, it typically features a lower expense structure compared to other share classes, making it a cost-efficient option for fee-based accounts. Franklin Pennsylvania Tax-Free Income Fund Advisor Class plays a vital role in the fixed income market, serving investors focused on tax efficiency and stability in their income streams, particularly those residing in or with financial ties to Pennsylvania.