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.
Invests at least 80% of net assets in Georgia municipal bonds. Weighted average maturity is expected to exceed 10 years.
AL, DC, FL, GA, HI, IL, MD, NC, NJ, PA, SC, TN, VA, WY
Click on the risk/reward spectrum below to view the funds in that category
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.
* Annually we evaluate the standard deviation of each US mutual fund listed and its resulting placement within specific risk/return categories.
Methodology: If a fund is at least 5 year old, it is generally placed in risk/return categories based on the standard deviation of its performance for the longest period of its calendar year returns;
the longest time period used for analysis is 10 years (regardless of the fund's inception). If a fund is less than 5 years old, we generally use the fund's primary benchmark disclosed in its prospectus as a proxy and follow the same process of using 10-year standard deviation of the benchmark,
or longest time period available. The firm at its sole discretion may show a fund in a higher risk category based on qualitative or other factors that may differ from this methodology.
See Glossary for additional details on all data elements.
The mutual funds referred to in this website are offered and sold only to persons residing in the United States and are offered by prospectus only. The prospectuses include investment objectives, risks, fees, expenses, and other information that you should read and consider carefully before investing. Download a prospectus.