Are municipal bonds tax free in Georgia?

Municipal bonds, therefore, also are known as tax-exempt bonds. Because they offer tax-free income, municipal bonds generally have annual yields below those of corporate bonds or U.S. Treasury bonds. These low yields allow state and local governments to borrow money for public projects at below market rates.

What does net expense ratio mean?

Prospectus net expense ratio This ratio reflects the percentage of mutual fund or ETF assets steered toward a fund’s operating expenses and fund management fees. It’s basically a list of fund expenses, minus brokerage costs and sales charges, and is calculated into the fund’s net asset value (NAV.)

What is the 30 day SEC yield?

What Is the 30-Day SEC Yield? A mutual fund’s 30-day SEC yield refers to a calculation that is based on the 30 days ending on the last day of the previous month. The yield figure reflects the dividends and interest earned during the period, after the deduction of the fund’s expenses.

Can an individual buy municipal bonds?

You can buy individual municipal bonds through bond dealers, banks, and brokerage firms. In some cases, you can even buy them directly from the municipality.

Is tax exempt interest taxable in Georgia?

Interest from Direct Federal Obligations (such as Treasury Bonds & Notes) and other interest that is specifically exempt by Federal statute are not taxed by Georgia (including dividends received from mutual funds that derive income from these sources).

Who holds municipal bonds?

Who buys municipal bonds? About 72 percent of bonds are owned by individuals directly or through mutual funds and the like. About 25 percent of bonds are owned by businesses, primarily property and casualty and life insurance companies, but also banks.

What is a good expense ratio on a mutual fund?

around 0.5% to 0.75%
A good expense ratio, from the investor’s viewpoint, is around 0.5% to 0.75% for an actively managed portfolio. An expense ratio greater than 1.5% is considered high. The expense ratio for mutual funds is typically higher than expense ratios for ETFs. 2 This is because ETFs are passively managed.

How do I choose the best mutual fund?

Here is a guide to mutual fund investment, you may consider while selecting mutual funds for investments.

  1. Goals. This is the basic.
  2. Risk. Risk comes from not knowing what you are getting into.
  3. Fund Performance. Fund performance matters.
  4. Expense Ratio.
  5. Entry And Exit Load.
  6. Taxes.
  7. Direct Plans.

What is a good mutual fund yield?

“On the equity side, a stock must yield at least 3% in order to be considered for purchase, and managers can add to names that yield 2.7% or higher,” writes Morningstar Senior Analyst Greg Carlson. He points out that this has led to a value bias, which has weighed on the fund’s overall return in recent years.

Is SEC yield same as dividend?

It is based on the most recent 30-day period covered by the fund’s filings with the SEC. The yield figure reflects the dividends and interest earned during the period after the deduction of the fund’s expenses. It is also referred to as the “standardized yield.”