T. Rowe Price Georgia Municipal Bond I (TBGAX)

NASDAQ · Mutual Fund · Delayed Price · Currency is USD

10.52

+0.04 (0.38%)

At close: Oct 30, 2026

Fund Assets	523.21M
Expense Ratio	0.427%
Min. Investment	$1,000,000
Turnover	16.00%
Dividend (ttm)	0.41
Dividend Yield	3.90%
Dividend Growth	7.33%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 30, 2026

Previous Close	10.48
YTD Return	-1.25%
1-Year Return	-0.58%
5-Year Return	1.59%
52-Week Low	10.08
52-Week High	11.05
Beta (5Y)	0.04
Holdings	314
Inception Date	Jul 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 Unclassified

Performance Rating High

Risk Rating Average

Stock Exchange Nasdaq

Ticker Symbol TBGAX

Share Class -i Class

Index Bloomberg Municipal Bond TR

Performance

TBGAX had a total return of -0.58% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.86%.

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 30, 2026	$0.03441	Sep 30, 2026
Aug 31, 2026	$0.03271	Aug 31, 2026
Jul 31, 2026	$0.03707	Jul 31, 2026
Jun 30, 2026	$0.03394	Jun 30, 2026
May 29, 2026	$0.03505	May 29, 2026
Apr 30, 2026	$0.03392	Apr 30, 2026

Full Dividend History