T. Rowe Price Georgia Tax-Free Bond Fund (GTFBX)
Ticker Symbol:
GTFBX
Fund Status:
Open to new Retail investors  /  Open to subsequent Retail investments
Fund Objective
Quick Stats
Fiscal Year End  February
Morningstar Category  Muni Single State Long
Inception Date 03/31/1993
Tax ID 52-1814313
Investment Objective
This fund seeks to provide, consistent with prudent portfolio management, the highest level of income exempt from federal and Georgia state income taxes by investing primarily in investment-grade Georgia municipal bonds.
Strategy
Invests at least 80% of net assets in Georgia municipal bonds. Weighted average maturity is expected to exceed 10 years.
Investor Profile
Georgia taxpayers who, because of their tax bracket, can benefit from income that is exempt from federal and Georgia state income taxes. Not appropriate for tax-deferred retirement plans, such as IRAs. Some income may be subject to the federal alternative minimum tax. Income earned by non-Georgia residents will be subject to applicable state and local taxes.
Availability
AL, DC, FL, GA, HI, IL, MD, NC, NJ, SC, TN, VA, WY
Risk/Reward Potential*
Click on the risk/reward spectrum below to view the funds in that category
Highest
Higher
Moderate
Lower
Lowest
Since the fundís income is double-tax-free, Georgia residents have the opportunity to earn high investment income without adding to their tax bills. The fund invests primarily in municipal bonds with longer maturities, so it generally provides higher yields than short-term or money market tax-free funds, but with greater price volatility.

Yield and share price will vary with changes in interest rates and market conditions. Investors should note that if interest rates rise significantly from current levels, bond fund total returns will decline and may even turn negative in the short term. There is also a chance that some of the fundís holdings may have their credit rating downgraded or may default. The fund is less diversified than one investing nationally.
*Funds are placed in general risk/return categories based on their past performance or, for newer funds, the performance of the types of securities in which they invest. There is no assurance past trends will continue.
See Glossary for additional details on all data elements.