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Single-State Municipal Bond Fund

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Single-state municipal bond fund
A mutual fund investing only in government obligations within a single state, with state tax-free dividends, but taxed capital gains.

Single State Municipal Bond Fund
In the United States, a mutual fund that invests exclusively in municipal bonds issued in a single state. The returns from such a fund are exempt from all federal taxes and all state taxes if the bondholder is a resident of that state. A single state municipal bond fund is attractive to locals and encourages them to invest in the fund. It is particularly important in states such as New York, with large populations, and states with high capital gains taxes, such as Oregon.


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The Aquila(SM) Group of Funds has made its mark as a niche player in the mutual fund industry, with seven single-state municipal bond funds, a regional equity fund and money market funds, in addition to the new high-yield fund.
Its seven single-state municipal bond funds, are among the leaders of such funds in the states of Hawaii, Arizona, Oregon, Colorado, Kentucky, Utah and Rhode Island.
The fund becomes the 24th single-state municipal bond fund managed by Delaware Investments.
 
 
 
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