# Portfolio overlap — FPFZX vs PAMFX Comparing **Franklin Pennsylvania Tax-Free Income Fund** (2026-02-28) and **Federated Hermes Pennsylvania Municipal Income Fund** (2026-02-28). - Shared positions: 15 - Franklin Pennsylvania Tax-Free Income Fund covered by Federated Hermes Pennsylvania Municipal Income Fund: 0.07612011851104463346329775242 - Federated Hermes Pennsylvania Municipal Income Fund covered by Franklin Pennsylvania Tax-Free Income Fund: 0.07612011851104463346329775240 ## 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 | | ## Federated Hermes Pennsylvania Municipal Income Fund — top positions | Security | Weight | Shared | |----------|--------|--------| | Delaware County, PA Industrial Development Auth. Airport Fac. Rev. Refg. (United Parcel Service) | 0.031348 | | | PENNSYLVANIA ST HGR EDUCTNL FA REGD B/E AG 5.25000000 | 0.022198 | | | St Mary Hospital Authority | 0.021833 | | | ALLEGHENY HEALTH NETWORK OBLIGATED GROUP 5.0% 04-01-47 | 0.021108 | | | PHIL PA WTR/AGM 5.5% 9/1/53 | 0.016894 | | | Pittsburgh Water & Sewer Authority, Series 2026A | 0.016447 | | | Bucks (County of), PA Industrial Development Authority (Pennswood Village), Series 2018, Ref. RB | 0.015427 | | | Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Refunding Subordinate First Series 2025 | 0.014981 | | | State College Area School District, Series 2018, GO Bonds | 0.014436 | ✓ | | Pennsylvania Turnpike Commission Oil Franchise Tax Revenue | 0.014227 | | | PHIL PA GAS/AGM 5.25% 8/1/54 | 0.013846 | ✓ | | DELAWARE CO | 0.013756 | | | PENNSYLVANIA TURNPIKE COMMISSI PASTRN 12/44 FIXED 5 | 0.013669 | | | ALLEG PA SWR 5% 12/1/2049 | 0.013652 | | | County of Monroe PA | 0.013579 | | | Clairton Municipal Authority, Allegheny County, Pennsylvania, Sewer Revenue Bonds, Refunding Series 2024B | 0.013315 | | | CHESTER PA IDA 4.75% 12/15/2037 | 0.013224 | | | Delaware County Regional Water Quality Control Authority, Pennsylvania, Sewer Revenue Bonds, Series 2015 | 0.013081 | | | Delaware (State of) River Port Authority, Series 2018 A, RB | 0.012632 | | | PENNSYLVANIA CMWLTH | 0.012079 | | | MONTGOMERY INDL 0% 10/1/2053 MT | 0.012057 | | | Lancaster School District | 0.012021 | | | BETHLEHEM ASD-A-REF | 0.011930 | | | LANCASTER PA MUNI AUTH HLTHCAR LANCASTER MUNI AUTH A | 0.011914 | ✓ | | DEL RIV PORT 5% 1/1/2040 | 0.011910 | | | Westmoreland County Municipal Authority, Series 2025 A | 0.011836 | ✓ | | County of Delaware PA | 0.011719 | | | PENNSYLVANIA ST ECON DEV FING PASMED 03/60 ADJUSTABLE VAR | 0.011599 | | | Pennsylvania Turnpike Commission | 0.011555 | | | Pennsylvania State University/The | 0.011466 | | | Delaware Valley Regional Finance Authority | 0.011344 | | | MIDDLETOWN ASD | 0.011306 | | | Allegheny County Sanitary Authority, Series 2025 | 0.011304 | | | PHILADELPHIA PA AUTH FOR INDL DEV HOSP REVENUE | 0.011299 | | | BETHLEHEM ASD 5 10/43 | 0.011196 | | | PENNSYLVANIA ST UNIV | 0.011168 | ✓ | | ALLEG PA ARPT 5.50% 1/1/2050 @ | 0.011157 | ✓ | | Philadelphia (City of), PA Authority for Industrial Development (PresbyHomes Germantown/Morrisville), Series 2005 A, RB | 0.011147 | | | PHILADELPHIA PA ARPT REVENUE | 0.011137 | | | CAPITAL REGN W 5% 07/15/32 | 0.011135 | | | PITT WTR and SWR 5.25% 9/1/2050 | 0.011121 | | | PENNSYLVANIA ST ECON DEV FING REGD B/E AMT 6.00000000 | 0.011106 | | | CANON MCMILLAN SD | 0.011081 | | | ALLEG PA ARPT 5.50% 1/1/2048 @ | 0.011077 | | | PENNSYLVANIA ST ECON DEV FING REGD B/E AMT 5.75000000 | 0.011051 | | | Westmoreland County Municipal Authority | 0.010953 | | | Parkland School District | 0.010903 | | | Muhlenberg School District, Series 2025 | 0.010884 | | | MOUNT LEBANON PA HOSP | 0.010871 | | | Scranton School District, Series 2017 E, Ref. GO Bonds | 0.010839 | | ## Sources - N-PORT (fund A) — accession `0002071691-26-008648` (as of 2026-02-28) - N-PORT (fund B) — accession `0000866700-26-000021` (as of 2026-02-28) --- _Informational only — not investment advice. FundWatcher presents publicly available data and makes no recommendation to buy or sell any security. Verify all figures against the source filing before relying on them._ _Data sourced from U.S. SEC EDGAR filings (Forms N-PORT, N-CEN, and prospectus Risk/Return summaries). FundWatcher is not affiliated with the SEC._ _Use of this data is subject to the FundWatcher Terms of Service. Information may be used only for personal, non-commercial research and may not be redistributed. See _