T. Rowe Price - Georgia Tax Free Bond Fund

Frequently Asked Questions About GTFBX

What does GTFBX invest in?

This fund aims to provide investors with the maximum possible income that is exempt from both federal and Georgia state income taxes, while maintaining prudent portfolio management. It accomplishes this mainly by investing in high-quality municipal bonds issued within Georgia. Under typical market conditions, at least 80% of the fund's total assets (including any leveraged positions) will be allocated to bonds generating interest free from federal and Georgia state income taxes. Consequently, at least 80% of the income the fund distributes is projected to be exempt from these federal and Georgia state taxes. The fund operates as a non-diversified investment vehicle.

What is the expense ratio of GTFBX?

T. Rowe Price - Georgia Tax Free Bond Fund (GTFBX) charges an expense ratio of 0.56%. This is the annual fee deducted from fund assets to cover management and operations.

What is GTFBX's dividend yield?

GTFBX's trailing-twelve-month yield is 3.80%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of GTFBX?

Effective duration measures GTFBX's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. GTFBX's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of GTFBX?

GTFBX's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of GTFBX?

Yield to maturity (YTM) is the total return you'd earn from GTFBX if every bond in the portfolio is held to maturity at the current price. GTFBX's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.