single state municipal bond fund

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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.

single state municipal bond fund

References in periodicals archive ?
While investors in municipal funds need to be vigilant when assessing the specific-credit risks of any government obligation, those invested in single-state municipal bond funds are keenly exposed to single-state risks.
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 Voyageur funds include 27 single-state municipal bond funds and two national tax-free funds.

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