- Georgia municipal debt no load bond funds and no load index funds invest mainly in municipal bond debt issued within the state of Georgia
- Municipal bond debt can help municipalities fund public projects and infrastructure improvements
- The best no load mutual funds do not involve load fees or marketing fees
For anyone interested in investing in municipal debt in the state of Georgia, no load bond funds and no load index funds which have holdings in this municipal debt offers fantastic tax benefits and exemptions on both a federal and a state income tax level, and this may be true on a local level as well. There are a number of these funds available, and one that should be considered in any fund comparisons is the Columbia GA Interm Muni Bond Z Fund, which trades under the ticker symbol NGAMX. This mutual fund holds municipal bond debt issued by municipal entities in Georgia, offering at least a double tax exemption for residents who live here. The fund has operated since 1992, and has assets which are worth more than one hundred million dollars. There are no load fees or 12b-1 marketing fees involved with this municipal debt mutual fund, so there are lower expenses and higher returns. This fund mainly invests Georgia municipal debt and has at least eighty percent of the portfolio in these debt securities. Morningstar has rated the Columbia GA Interm Muni Bond Z Fund at four stars, and the fund invests mainly in high quality municipal debt.
One municipal bond debt mutual fund that is perfect for institutional investing in Georgia is the Sentinel GA Municipal Bond Instl, with a ticker symbol of SYGIX. This fund is an institutional no load bond fund, which means it has much lower expenses but in return the initial investment amount needed is extremely high. Institutional no load bond funds and no load index funds are aimed at institutions, which have large amounts of money to invest. This can include large companies, fiduciaries, trusts, universities, and other large entities that invest vast sums of money. This fund offers institutions and companies in Georgia an opportunity to receive tax exemptions on the investment returns, sometimes from federal and state income taxes, and sometimes from local income taxes as well. Municipal bond debt offers many benefits to both personal and institutional investors, and are definitely worth considering when you are determining the best investment options for your capital. There are a number of other municipal debt mutual funds which invest in Georgia municipal bond debt as well, from a number of fund families. The right investment choice will be different for each investor, depending on your specific investment goals and strategies, as well as how much risk you are willing to take with your investments.
Both no load bond funds and no load index funds are free from load fees. This includes load fees on the front end, the back end, and load fees which are continuous. If you are looking at Georgia municipal debt mutual funds and you want to choose no load funds, make sure to watch for hidden load fees as well. Some mutual funds may state that they are a no load fund when this is actually not completely true. These funds may not have a stated load fee but they may have hidden load fees inserted into the 12b-1 marketing fee for the fund. Look at the marketing fee and determine if it is more than one fourth of one percent for the total net assets of the fund. If the percentage is higher than one fourth of one percent, the chances are good that the marketing fee is bloated with hidden load fees also. The best no load mutual funds usually do not charge any 12b-1 marketing fee at all, and this can eliminate a lot of the confusion for inexperienced investors. Some funds may charge a redemption fee for shares that are purchased and sold within a short time period, normally anywhere from thirty to ninety days, and this is not a load fee. Instead it is a fee for investors who frequently buy and sell shares, which can increase fund expenses. If you hold shares for longer than the redemption fee period there is no fee involved.
