|
Overall Morningstar
Rating™ |
| What is this? |
 |
 |
| As of 2009-10-31 |
|
Out of
Muni Pennsylvania Funds |
|
| Rating derived from a weighted average of the fund's 3, 5, 10-year rating which are based on risk-adjusted performance. |
|
|
|
Morningstar®
Style Box™ |
| What is this? |
|
 |
|
Avg Duration |
|
|
--- |
|
|
|
Avg Credit Quality |
|
|
AA |
|
| As of
2009-09-30 |
|
|
| Day Change |
| $ 0.00 |
|
|
| NAV (2009-11-20) |
| $ 10.16 |
|
|
| YTD Return % (2009-11-20) |
| 14.62% |
|
|
| Total Assets ($ mil) |
| 1,182 |
|
| Growth of $10,000 |
 |
Fund: |
Franklin PA Tax-Free Income A |
| (from
1999-01-01
to 2009-10-31) |
 |
Category: |
Muni Pennsylvania |
|
 |
Index: |
BarCap Municipal TR USD |
| Total Annualized Returns % |
1yr, 3yr and 5yr Returns as of 2009-11-20 |
| Inception date: 1986-12-01 |
10yr and Inception Returns as of 2009-10-31 |
|
YTD Returns as of 2009-11-20 |
|
|
YTD |
1 Year |
3 Year |
5 Year |
10 Year |
Since Inception |
| Fund |
14.62 |
12.80 |
3.44 |
3.96 |
5.29 |
5.89 |
| +/- Category |
-0.70 |
-1.03 |
0.96 |
0.91 |
0.68 |
--- |
| +/- BarCap Municipal TR USD |
2.48 |
1.13 |
-0.81 |
-0.40 |
--- |
--- |
|
|
| Standardized Annual Returns % more on standardized returns |
| Quarter-End (as of
2009-09-30) |
11.75 |
10.81 |
2.93 |
3.53 |
4.82 |
5.80 |
| Month-End (as of 2009-10-31) |
9.79 |
10.31 |
2.10 |
2.98 |
4.83 |
5.69 |
|
|
| After Tax Returns % (as of
2009-09-30
)
|
| On Distribution |
--- |
10.32 |
2.11 |
2.98 |
4.83 |
--- |
| On Distribution & Sale of Shares |
--- |
8.34 |
2.41 |
3.16 |
4.82 |
--- |
|
|
| Morningstar Rating |
--- |
--- |
 |
|
 |
--- |
|
| # of compared funds covered (3 yrs : out of 88 funds), (5 yrs : out of 81 funds), (10 yrs : out of 76 funds). Ratings are based on risk-adjusted performance. The maximum initial sales fee is
4.25%,
the maximum deferred sales fee is
none,
and the maximum redemption sales fee is
2.00%.
|
|
| The performance quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate thus an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted herein. |
|
|
|
|
| Sector Breakdown % |
|
| General Obligations |
17.89 |
| Advance Refunded |
5.18 |
| State Appropriated Tobacco |
---
|
| Non-state Appropriated Tobacco |
---
|
| Education |
17.50 |
| Health |
13.88 |
| Housing |
2.58 |
| Industrial |
6.63 |
| Transportation |
1.37 |
| Utilities |
0.79 |
| Water/Sewer |
6.47 |
| Misc. Revenue |
27.69 |
|
| Bond Quality |
% of Bonds |
| AAA |
38.6 |
| AA |
18.9 |
| A |
27.1 |
| BBB |
14.5 |
| BB |
0.0 |
| B |
0.0 |
| Below B |
0.0 |
| Not Rated |
1.0 |
|
|
|
|
|
| |
|
|
| Asset Allocation |
|
 |
|
| % of Net Assets |
 |
Cash |
0.2 |
 |
Stocks |
0.0 |
|
Bonds |
99.8 |
 |
Other |
0.0 |
|
|
|
Foreign Stocks |
0.0 |
|
(as a % of Assets) |
|
|
| Data through 2009-09-30 |
Data through 2009-09-30 |
 |
| Holding Status |
|
| Total Number of Stock Holdings |
|
|
Turnover % |
12 |
| Total Number of Bond Holdings |
219 |
|
30 Day SEC Yield % |
3.33 |
| % of Assets in Top 10 Holdings |
19.06 |
|
ending as of
2009-09-30 |
|
|
|
|
View Data Definitions |
| Top 10 Holdings |
Maturity
Date |
Amount
$000 |
Value
$000 |
% of Net
Assets |
|
|
|
|
|
|
 |
Geisinger Auth |
2035-05-15 |
36,100 |
36,100 |
3.08 |
|
Pennsylvania St Higher Edl Fac Rev Bd 5% |
2037-05-01 |
25,525 |
26,380 |
2.25 |
 |
Pennsylvania Hsg Fin Agy Singl Re 4.875% |
2034-10-01 |
25,000 |
25,149 |
2.14 |
|
Puerto Rico Sales Tax Fing Cor Rev Bd 6% |
2042-08-01 |
20,000 |
21,992 |
1.88 |
|
Pennsylvania St Tpk Commn Tpk Subordi 5% |
2039-06-01 |
20,000 |
21,424 |
1.83 |
|
 |
|
Northampton Cnty Pa Gen Purp A Colleg 5% |
2034-11-01 |
20,000 |
21,399 |
1.83 |
|
Northampton Cnty Pa Gen Purp A Revenu 5% |
2039-11-15 |
20,000 |
21,352 |
1.82 |
|
STATE PUB SCH BLDG AUTH PA SCH SCH LSE R |
2033-06-01 |
15,000 |
16,998 |
1.45 |
|
Allegheny Cnty Pa Port Auth 5% |
2029-03-01 |
16,500 |
16,697 |
1.42 |
|
Puerto Rico Comwlth Go Pub Im 5% |
2033-07-01 |
14,000 |
15,934 |
1.36 |
|
|
 |
Data through 2009-09-30 |
|
|
| Fund Inception: 1986-12-01 |
|
Portfolio Manager (Start Date) |
|
|
|
|
|
Stella S. Wong (1986-12-01) |
|
|
|
Wong joined Franklin Advisers in 1986. She currently manages several Franklin state tax-free funds, supervises Franklin's municipal trading desk, and acts as liaison between the municipal bond department and other areas of Franklin.
Wong is a member of the California Society of Municipal Analysts and the San Francisco Municipal Bond Club. |
|
|
|
|
|
Carrie Higgins (2004-12-31) |
|
|
|
Higgins has been an analyst or portfolio manager of the fund since 2004. She joined Franklin Templeton Investments in 1990. Higgins is a member of the National Federation of Municipal Analysts, California Society of Municipal Analysts and the San Francisco Municipal Bond Club. |
|
|
|
|
Sales Charge %
(taken from prospectus dated 2009-08-31) |
| Front: |
4.25 |
| Deferred: |
None |
|
| Expense Ratio % |
0.65 |
based on net assets
(taken from annual report dated 2009-02-28)
|
|
| Correspondence Information |
One Franklin Parkway
San Mateo,
CA
94403-1906
United States |
|
|
|
| Telephone: |
| 800-632-2301 |
| 650-312-2000 |
|
|
