Franklin Pennsylvania Tax-Free Income Fund (FRPAX) belongs to the Municipal Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with FRPAX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to FRPAX
FRPAX charges 0.67% annually. There are 269 mutual funds in the Municipal Bonds category with lower expense ratios, going as low as 0.01%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Western Asset SMASh Series TF Fund | 0.01% | — | Dec 2015 | FRPAX vs LSMSX | |
| Vanguard Tax-Managed Balanced Fund Admiral Shares | 0.05% | 12.30B | Sep 1994 | FRPAX vs VTMFX | |
| Nuveen Municipal Total Return Managed Accounts | 0.05% | — | May 2007 | FRPAX vs NMTRX | |
| Federated Hermes Conservative Municipal Microshort... | 0.05% | — | Feb 2021 | FRPAX vs FHMIX | |
| Strategic Advisers Municipal Bond Fund | 0.06% | — | Jun 2021 | FRPAX vs FSMUX |
Best Risk-Adjusted Alternatives to FRPAX
FRPAX has a PortfoliosLab risk / return rank of 76. There are 247 mutual funds in the Municipal Bonds category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| DFA Short-Term Selective State Municipal Bond Port... | 100 | — | Apr 2022 | FRPAX vs DFABX | |
| DFA Short Term Municipal Bond Portfolio | 100 | — | Aug 2002 | FRPAX vs DFSMX | |
| abrdn Ultra Short Municipal Income Fund | 99 | — | Dec 2002 | FRPAX vs ATOIX | |
| Federated Hermes Conservative Municipal Microshort... | 99 | — | Feb 2021 | FRPAX vs FHMIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 99 | — | Apr 2016 | FRPAX vs TFCYX |
Top Performing FRPAX Alternatives (YTD)
FRPAX is at 2.31% YTD. There are 108 mutual funds in the Municipal Bonds category with higher YTD returns, going as high as 11.37%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Nuveen Municipal Income Fund, Inc. | 11.37% | — | Apr 1998 | FRPAX vs NMI | |
| Nuveen New York AMT Free Quality Municipal Income | 10.00% | — | Nov 2002 | FRPAX vs NRK | |
| BlackRock MuniYield Michigan Quality Fund | 7.79% | — | Oct 1992 | FRPAX vs MIY | |
| AllianceBernstein National Municipal Income Fund | 6.86% | — | Nov 2001 | FRPAX vs AFB | |
| BlackRock MuniHoldings California Quality Fund | 6.82% | — | Feb 1998 | FRPAX vs MUC |
Lowest Volatility Alternatives to FRPAX
FRPAX has 3.40% 1-year volatility. There are 424 mutual funds in the Municipal Bonds category with lower 1-year volatility, going as low as 0.55%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| DFA Short Term Municipal Bond Portfolio | 0.55% | — | Aug 2002 | FRPAX vs DFSMX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.56% | — | Apr 2022 | FRPAX vs DFABX | |
| DFA California Short Term Municipal Bond Portfolio | 0.57% | — | Apr 2007 | FRPAX vs DFCMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.59% | — | May 2016 | FRPAX vs USMTX | |
| JPMorgan Ultra-Short Municipal Fund | 0.59% | — | May 2016 | FRPAX vs USMSX |
Lowest Drawdown Alternatives to FRPAX
FRPAX has a 1-year max drawdown of -3.25%. There are 411 mutual funds in the Municipal Bonds category with shallower 1-year drawdowns, going as shallow as 0.00%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| BlackRock Allocation Target Shares | 0.00% | — | May 2021 | FRPAX vs BATVX | |
| abrdn Ultra Short Municipal Income Fund | -0.10% | — | Dec 2002 | FRPAX vs ATOIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | -0.10% | — | Apr 2016 | FRPAX vs TFCYX | |
| Federated Hermes Conservative Municipal Microshort... | -0.10% | — | Feb 2021 | FRPAX vs FHMIX | |
| DFA Short Term Municipal Bond Portfolio | -0.11% | — | Aug 2002 | FRPAX vs DFSMX |
Other Mutual Funds from Franklin Templeton
The 10 most viewed Franklin Templeton mutual funds shown here include FKDNX, FKRCX, FKINX and span 9 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Franklin DynaTech Fund | Large Cap Growth Equities, Technology Equities | 15 | 9.52% | — | Jan 1968 | FRPAX vs FKDNX | |
| Franklin Gold and Precious Metals Fund | Gold, Precious Metals | 35 | -9.34% | — | May 1969 | FRPAX vs FKRCX | |
| Franklin Income Fund Class A1 | Diversified Portfolio | 82 | 5.21% | — | — | FRPAX vs FKINX | |
| Franklin Growth Fund | Large Cap Growth Equities | 21 | 6.33% | — | Apr 1948 | FRPAX vs FKGRX | |
| ClearBridge Energy Midstream Opportunity Fund | MLPs, Energy Equities | 29 | 18.34% | — | Jun 2011 | FRPAX vs EMO | |
| Franklin Rising Dividends Fund | Large Cap Blend Equities | 28 | 6.59% | — | Jan 1987 | FRPAX vs FRDPX | |
| ClearBridge Large Cap Growth Fund | Large Cap Growth Equities | 7 | 4.15% | — | Aug 1997 | FRPAX vs SBLGX | |
| Franklin Income Fund Advisor Class | Diversified Portfolio | 88 | 5.36% | — | Aug 1997 | FRPAX vs FRIAX | |
| ClearBridge Aggressive Growth Fund | Large Cap Blend Equities | 8 | 4.49% | — | Oct 1983 | FRPAX vs SHRAX | |
| Templeton Institutional Fund International Equity ... | Foreign Large Cap Equities | 42 | 14.56% | — | Oct 1990 | FRPAX vs TFEQX |
Often Compared With FRPAX
Investors most often compare FRPAX with SHAPX, APUSX, MUJ. These 9 comparison targets span 3 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| ClearBridge Appreciation Fund | Large Cap Blend Equities | 30 | 6.10% | — | Mar 1970 | FRPAX vs SHAPX | |
| Cavanal Hill Ultra Short Tax-Free Income Fund | Municipal Bonds | 19 | 1.00% | — | Dec 2017 | FRPAX vs APUSX | |
| BlackRock MuniHoldings New Jersey Quality Fund | Municipal Bonds | 71 | 6.74% | — | Mar 1998 | FRPAX vs MUJ | |
| Nuveen Virginia Quality Municipal Income Fund | Municipal Bonds | 29 | 6.52% | — | Mar 1993 | FRPAX vs NPV | |
| Strategic Advisers Tax-Sensitive Short Duration Fu... | Municipal Bonds | 98 | 1.02% | — | Dec 2017 | FRPAX vs FGNSX | |
| Franklin Utilities Fund | Utilities Equities | 32 | 9.46% | — | Sep 1948 | FRPAX vs FKUTX | |
| DFA NY Municipal Bond Portfolio | Municipal Bonds | 99 | 1.29% | — | Jun 2015 | FRPAX vs DNYMX | |
| PIMCO Fixed Income SHares: Series TE | Municipal Bonds | 87 | 2.22% | — | Jun 2012 | FRPAX vs FXIEX | |
| BlackRock MuniYield Pennsylvania Quality Fund | Municipal Bonds | 45 | 4.77% | — | Nov 1992 | FRPAX vs MPA |
Compare FRPAX with Any Fund or Stock
Compare FRPAX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair FRPAX with funds that move differently
Franklin Pennsylvania Tax-Free Income Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FRPAX.
Explore FRPAX Diversifiers