GTFBX

About GTFBX

The T. Rowe Price Georgia Tax-Free Bond Fund is a mutual fund focused on delivering income that is exempt from both federal and Georgia state income taxes. The fund primarily invests in investment-grade municipal bonds issued by entities within Georgia, including ports authorities, development agencies, and municipal infrastructure projects. Its investment approach requires maintaining at least 80% of assets in tax-exempt bonds to align with its dual tax-advantaged strategy. As a non-diversified fund, it emphasizes exposure to Georgia's municipal credit markets, leading to sector concentration in local infrastructure, public development, and essential services. With a portfolio comprising over 200 holdings, the fund seeks to offer stability and income for investors subject to Georgia taxation. It pays dividends monthly and is structured to provide a competitive yield within the municipal bond fund category, while also maintaining moderate interest rate sensitivity and credit quality. The T. Rowe Price Georgia Tax-Free Bond Fund plays a significant role for investors aiming to optimize tax efficiency through municipal fixed income investments tailored to Georgia residents.