T. Rowe Price Georgia Municipal Bond Fund (GTFBX)

Fund Assets	523.21M
Expense Ratio	0.562%
Min. Investment	$500,000
Turnover	16.00%
Dividend (ttm)	0.40
Dividend Yield	3.83%
Dividend Growth	7.54%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 30, 2026

Previous Close	10.24
YTD Return	-3.00%
1-Year Return	-2.02%
5-Year Return	-1.05%
52-Week Low	10.08
52-Week High	11.06
Beta (5Y)	0.31
Holdings	318
Inception Date	Mar 31, 1993

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.

• Fund Family: T. Rowe Price
• Category: Other States Muni
• Performance Rating: Above Average
• Risk Rating: Average
• Stock Exchange: Nasdaq
• Ticker Symbol: GTFBX
• Index: Bloomberg Municipal Bond TR

Performance

GTFBX had a total return of -2.02% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.73%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
TBGAX	-i Class	0.43%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 30, 2026	$0.03334	Sep 30, 2026
Aug 31, 2026	$0.03163	Aug 31, 2026
Jul 31, 2026	$0.03583	Jul 31, 2026
Jun 30, 2026	$0.0328	Jun 30, 2026
May 29, 2026	$0.03389	May 29, 2026
Apr 30, 2026	$0.0328	Apr 30, 2026

Data Sources: Tiingo, Financial Modeling Prep, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Financial Modeling Prep. Several fund data points are also provided by Finnhub.

Last checked:

Oct 16, 2026

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