T. Rowe Price Georgia Tax Free Bond I (TBGAX)

NASDAQ · Mutual Fund · Delayed Price · Currency is USD
10.80
0.00 (0.00%)
Sep 12, 2025, 4:00 PM EDT
Fund Assets498.25M
Expense Ratio0.43%
Min. Investment$500,000
Turnover13.80%
Dividend (ttm)0.38
Dividend Yield3.51%
Dividend Growth2.75%
Payout FrequencyMonthly
Ex-Dividend DateAug 29, 2025
Previous Close10.80
YTD Return-0.18%
1-Year Return-0.86%
5-Year Return2.79%
52-Week Low10.30
52-Week High11.13
Beta (5Y)n/a
Holdings277
Inception DateJul 6, 2017

About TBGAX

The T. Rowe Price Georgia Tax-Free Bond Fund I Class is a municipal bond mutual fund focused on generating high levels of income exempt from both federal and Georgia state income taxes. Its primary function is to invest at least 80% of its assets in investment-grade municipal bonds issued within the state of Georgia, thereby providing tax-advantaged income specifically for Georgia residents. The fund predominantly holds long-term securities, with a weighted average maturity exceeding 10 years and a modified duration to worst of around 7 years, which positions it to be sensitive to interest rate movements while aiming for stable, tax-free income streams. The fund also allows for limited exposure—up to 10%—to below investment-grade or “junk” bonds, and may derive up to 20% of its income from securities subject to the alternative minimum tax, adding flexibility while maintaining a focus on quality. Given its non-diversified structure, the fund may be more concentrated in certain issuers or sectors, such as public utilities, healthcare, transportation, and private activity bonds. This specialized approach is designed to meet the needs of investors seeking targeted, income-oriented municipal exposure in Georgia’s public sector, while remaining compliant with prudent portfolio management practices.

Fund Family T. Rowe Price
Category Muni Single State Long
Stock Exchange NASDAQ
Ticker Symbol TBGAX
Share Class -i Class
Index Bloomberg Municipal Bond TR

Performance

TBGAX had a total return of -0.86% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.78%.

Top 10 Holdings

15.18% of assets
NameSymbolWeight
GEORGIA ST PORTS AUTH REV 5.25%GA.GASTRN 5.25 07.01.20522.17%
GEORGIA ST PORTS AUTH REV 5%GA.GASTRN 5 07.01.20472.05%
GEO L SMITH II GA WORLD CONGRESS CTR AUTH CONVENTION CTR HOTEL REV 4%GA.GLSFAC 4 01.01.20541.62%
COWETA CNTY GA DEV AUTH REV 5%GA.COWDEV 5 07.01.20441.61%
ATLANTA GA WTR & WASTEWTR REV 5%GA.ATLUTL 5 11.01.20401.60%
ATLANTA GA DEV AUTH REV 5.25%GA.ATLDEV 5.25 07.01.20441.57%
FULTON CNTY GA DEV AUTH REV 5%GA.FULDEV 5 03.15.20361.24%
PRIVATE COLLEGES & UNIVS AUTH GA REV 5.25%GA.PRIHGR 5.25 09.01.20431.13%
MUNICIPAL ELEC AUTH GA 5.5%GA.MELPWR 5.5 07.01.20601.11%
COLUMBIA CNTY GA HOSP AUTH REV 5.75%GA.CLHMED 5.75 04.01.20531.08%
View More Holdings

Dividend History

Ex-DividendAmountPay Date
Aug 29, 2025$0.03492Aug 29, 2025
Jul 31, 2025$0.03335Jul 31, 2025
Jun 30, 2025$0.03056Jun 30, 2025
May 30, 2025$0.03349May 30, 2025
Apr 30, 2025$0.0315Apr 30, 2025
Mar 31, 2025$0.03034Mar 31, 2025
Full Dividend History