# Portfolio overlap — FPFZX vs FPXTX

Comparing **Franklin Pennsylvania Tax-Free Income Fund** (2026-02-28) and **Fidelity Pennsylvania Municipal Income Fund** (2026-03-31).

- Shared positions: 12
- Franklin Pennsylvania Tax-Free Income Fund covered by Fidelity Pennsylvania Municipal Income Fund: 0.05125757091455375789930813481
- Fidelity Pennsylvania Municipal Income Fund covered by Franklin Pennsylvania Tax-Free Income Fund: 0.05125757091455375789930813479

## Franklin Pennsylvania Tax-Free Income Fund — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| Pennsylvania Higher Educational Facilities Authority, Series 2025 A | 0.023279 |  |
| GEISINGER PA AUTH HLTH SYS REV REGD B/E 5.00000000 | 0.020311 |  |
| Lehigh County General Purpose Authority, Series 2022 | 0.020181 |  |
| Pennsylvania Turnpike Commission, Series 2025, RB | 0.018052 | ✓ |
| PHILIDELPHIA AUTH-B-1 | 0.016691 |  |
| PHILA PA MHSG 5.5% 12/1/2058 | 0.015508 |  |
| PHIL PA AIRPORT 5% 7/1/2047 @ | 0.015269 |  |
| Montgomery County Industrial Development Authority, Series 2025 A | 0.014622 |  |
| Pennsylvania Housing Finance Agency, Single Family Mortgage Revenue Bonds, Series 2020-132A | 0.014489 |  |
| Pennsylvania Turnpike Commission, Series 2021B | 0.014404 |  |
| PA ALTDEV 5 05/01/2042 | 0.014181 |  |
| PHILADELPHIA PA GAS WKS REVENUE | 0.013825 |  |
| Allegheny County Airport Authority, Series 2021 A | 0.013460 |  |
| Pennsylvania Higher Educational Facilities Authority, Series 2021 A | 0.013460 |  |
| PHILADELPHIA PA AUTH FOR INDL DEV UNIV REVENUE | 0.013338 |  |
| PENNSYLVANIA ST ECON DEV FING REGD OID B/E AMT 5.25000000 | 0.013125 |  |
| Bucks (County of), PA Industrial Development Authority (St. Luke's University Health Network), Series 2021, RB | 0.012892 |  |
| Montgomery (County of), PA Higher Education & Health Authority (Thomas Jefferson University), Series 2018, Ref. RB | 0.012636 |  |
| Pennsylvania Turnpike Commission, Series 2025 A | 0.012467 |  |
| ST PUB SCH BLDG-A-REF | 0.010967 |  |
| PENNSYLVANIA ST HGR EDUCTNL FACS AUTH REVENUE | 0.009991 |  |
| MET TRANSPRTN AUTH NY REVENUE | 0.009803 |  |
| UNIVERSITY OF PENNSYLVANIA HEALTH SYSTEM OBLIGATED GROUP 4.0% 08-15-49 | 0.009740 |  |
| PENNSYLVANIA ST HSG FIN AGY SF REGD B/E 4.90000000 | 0.009730 |  |
| ERIE WTR AUTH WTR | 0.009288 |  |
| Allegheny County Higher Education Building Authority, Series 2021 A | 0.009120 |  |
| Delaware County Authority, Series 2017 A | 0.008977 |  |
| Capital Trust Authority, Series 2024 | 0.008709 |  |
| Westmoreland County Municipal Authority, Series 2025 A | 0.008605 |  |
| NY MTA TRANSP 4% 11/15/2046 | 0.008437 |  |
| PHIL PA WTR 5.50% 6/1/2047 | 0.008169 |  |
| PENNSYLVANIA ST UNIV | 0.008117 | ✓ |
| Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Series 2025A | 0.008109 | ✓ |
| PHIL PA WTR 5.25% 9/1/2054 | 0.008072 |  |
| Northampton County General Purpose Authority, Series 2024A-1 | 0.008028 |  |
| ALLEG PA ARPT 5.50% 1/1/2053 @ | 0.007973 |  |
| Capital Trust Agency, Inc., Series 2021 A-1 | 0.007949 |  |
| Southeastern Pennsylvania Transportation Authority, Series 2022 | 0.007938 |  |
| County of Allegheny, Series C-77 | 0.007934 |  |
| PA CUMGEN 5.5 06/01/2051 | 0.007755 |  |
| PHIL PA AIRPORT 5% 7/1/2051 @ | 0.007689 |  |
| MONTGOMERY HGR EDU-B | 0.007642 |  |
| Erie County Industrial Development Authority, Series 2024 A | 0.007591 |  |
| PENNSYLVANIA ST HSG FIN AGY SF REGD B/E 3.40000000 | 0.007572 |  |
| City of Philadelphia, Series 2020 C | 0.007571 |  |
| PENNSYLVANIA ST ECON DEV FING AUTH UPMC REVENUE | 0.007522 |  |
| Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Series 2024C | 0.007284 |  |
| Lancaster Higher Education Authority, Series 2022 A | 0.007284 |  |
| ALLEG PA ARPT 5% 1/1/2032 @ | 0.007218 |  |
| Lancaster Higher Education Authority, Series A | 0.007020 |  |

## Fidelity Pennsylvania Municipal Income Fund — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| ALLEG PA ARPT 5% 1/1/2051 @ | 0.027020 |  |
| Fidelity Municipal Cash Central Fund | 0.026143 |  |
| WASTE MANAGEMENT INC (MPT) 4.6% 10-01-46 | 0.024541 |  |
| WASTE MANAGEMENT PA OBLIGATED GROUP (MPT) 3.4% 08-01-45 | 0.022557 |  |
| PHIL PA AIRPORT 5% 7/1/2034 @ | 0.022397 |  |
| Pennsylvania Turnpike Commission, Series 2024, RB | 0.021376 |  |
| PHIL PA GAS/AGM 5% 8/1/50 | 0.020249 |  |
| PHILA PA 5% 2/1/2039 | 0.017889 | ✓ |
| DEL RIV PORT 5% 1/1/2037 | 0.015044 |  |
| PENNSYLVANIA ST UNIV | 0.014172 | ✓ |
| Pennsylvania Turnpike Commission, Series 2019, RB | 0.013799 |  |
| PENNSYLVANIA ST HSG FIN AGY SF MTGE REVENUE | 0.013674 |  |
| Pennsylvania Turnpike Commission | 0.012884 |  |
| PENNSYLVANIA HI 5% 6/1/2032 @ | 0.012457 |  |
| Temple University-of The Commonwealth System of Higher Education, Series 2025 | 0.012124 |  |
| PHIL PA WTR/AGM 5.5% 9/1/53 | 0.011941 |  |
| Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Series 2025A | 0.011789 | ✓ |
| Pennsylvania Turnpike Commission, Series 2020B | 0.011567 |  |
| PENNSYLVANIA EC 5% 12/15/2047 | 0.011460 |  |
| PA TURNPIKE COMM-A | 0.011172 |  |
| PHIL PA CHOP 24B-2 Q=JP V1 | 0.011055 | ✓ |
| MONTGMRY CNTY 5% 3/1/2035 | 0.010787 |  |
| PITT WTR and SWR 5.25% 9/1/2050 | 0.010566 |  |
| Pennsylvania Higher Education Assistance Agency | 0.010560 |  |
| Coatesville School District | 0.010333 |  |
| MONTGMRY CNTY 5% 3/1/2027 | 0.009903 |  |
| LEHIGH VY HLTH NETWRK OBG | 0.009694 |  |
| WELLSPAN HEALTH SER B 5% 6/1/2029 | 0.009585 |  |
| PHILA PA 5% 8/1/2028 | 0.009504 |  |
| Pittsburgh Water & Sewer Authority, Series 2026A | 0.009191 |  |
| Northampton County General Purpose Authority | 0.009025 |  |
| Pennsylvania Turnpike Commission, Series 2025, RB | 0.008912 |  |
| Northampton (County of), PA General Purpose Authority (St. Luke's University Health Network), Series 2018 A, Ref. RB | 0.008565 |  |
| LANCASTER PA SD 5% 6/1/2041 | 0.008543 |  |
| Pennsylvania Turnpike Commission, Series 2021A | 0.008495 |  |
| COM FIN AUTH PA 5% 6/1/2032Q | 0.008479 |  |
| PITT WTR and SWR 5% 9/1/2044 | 0.008362 |  |
| Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Subordinate Series 2021A | 0.008312 |  |
| PENNSYLVANIA ST | 0.008301 |  |
| Pittsburgh Water & Sewer Authority, Series 2026A | 0.008096 |  |
| Dallas Area Municipal Authority, Series 2019 | 0.007848 |  |
| MONT PA HR ED 5% 10/1/2040 | 0.007773 |  |
| PHILADELPHIA PA AUTH FOR INDL DEV UNIV REVENUE | 0.007645 |  |
| ALLEG PA ARPT 4% 1/1/2046 @ | 0.007614 |  |
| PHIL PA WTR 5% 10/1/2040 | 0.007605 |  |
| PA TPK COMM-A | 0.007325 |  |
| PHILA PA 5% 8/1/2029 | 0.007263 |  |
| Pennsylvania Turnpike Commission Oil Franchise Tax Revenue | 0.007119 |  |
| Pennsylvania Turnpike Commission, Series 2025, RB | 0.007087 | ✓ |
| PHILA PA 5% 2/1/2038 | 0.007077 | ✓ |


## Sources

- N-PORT (fund A) — accession `0002071691-26-008648` (as of 2026-02-28)
  <https://www.sec.gov/Archives/edgar/data/757010/000207169126008648/0002071691-26-008648-index.htm>
- N-PORT (fund B) — accession `0000035402-26-003410` (as of 2026-03-31)
  <https://www.sec.gov/Archives/edgar/data/35373/000003540226003410/0000035402-26-003410-index.htm>

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