Alaska Municipal Bond

Alaska municipal bond funds and ETFs invest in debt obligations issued by... Alaska municipal bond funds and ETFs invest in debt obligations issued by a local government or entity in the state of Alaska. These funds typically include revenue bonds and general obligation bonds with various maturity dates. Revenue bonds are linked to projects, while general obligation bonds are repaid from general government finances. Alaska is one of the 10 smallest issuers of municipal bonds in the U.S. with less than $10 billion outstanding. There are 19 boroughs (counties) in Alaska. Issuers. Notable issuers of municipal bonds include the state government itself, the University of Alaska, and the Alaska Railroad Corporation. Voters typically must approve general obligation bonds for things like capital improvements. Alaska also issues general obligation bonds to fund its operations. Investors buy municipal bonds because they can benefit from attractive after-tax yields. Generally speaking, municipal bonds are exempt from federal tax, and also exempt from state tax if purchased by an in-state resident. Last Updated: 12/27/2024 View more View less

Alaska municipal bond funds and ETFs invest in debt obligations issued by a local government or entity in the state of Alaska. These funds typically include revenue bonds and general obligation bonds with... Alaska municipal bond funds and ETFs invest in debt obligations issued by a local government or entity in the state of Alaska. These funds typically include revenue bonds and general obligation bonds with various maturity dates. Revenue bonds are linked to projects, while general obligation bonds are repaid from general government finances. Alaska is one of the 10 smallest issuers of municipal bonds in the U.S. with less than $10 billion outstanding. There are 19 boroughs (counties) in Alaska. Issuers. Notable issuers of municipal bonds include the state government itself, the University of Alaska, and the Alaska Railroad Corporation. Voters typically must approve general obligation bonds for things like capital improvements. Alaska also issues general obligation bonds to fund its operations. Investors buy municipal bonds because they can benefit from attractive after-tax yields. Generally speaking, municipal bonds are exempt from federal tax, and also exempt from state tax if purchased by an in-state resident. Last Updated: 12/27/2024 View more View less