State non taxable amount snvxx

Derf

I believe the total to be 37.2 +8 = 45.2% state non taxable ? Agree or not ?
.
PORTFOLIO COMPOSITION BY SECURITY TYPE % OF INVESTMENTS
57.7% Repurchase Agreements
U.S. Government Agency 20.5%
U.S. Treasury 37.2%
34.1% U.S. Government Agency Debt
8.0% U.S. Treasury Debt
0.2% Variable Rate Demand Notes

yogibearbull

I think Government Agencies count too, but not repos. Strange that Agency + Treasury add up to Repos.
Will check from Schwab site.
Edit/Add. Schwab 2024 Supplemental Info shows 33.33%
https://www.schwabassetmanagement.com/resource/2024-supplementary-tax-information

Derf

Thank you @yogibearbull , I seem to have over looked one other Schwab fund I own.

sma3

I am pretty sure Repos are taxable. Some states exclude some of the agencies like TVA. If you have a very large $ amount it might pay to check

msf

Derf said:

I believe the total to be 37.2 +8 = 45.2% state non taxable ? Agree or not ?

Disagree. I believe (but haven't checked lately) that it is percentage of income, not assets that matters. In any case, Schwab, like all fund sponsors, provides taxpayers exact figures. For SNVXX, 33.30% of the income is state tax exempt. Except for Calif., Conn., and N.Y. where none of the income is exempt.

https://www.schwabassetmanagement.com/resource/2024-supplementary-tax-information

Derf

Thanks to you also @msf, & concur with you & YBB on that point.

msf

Here's Raymond James table of which GSEs are state taxable and which are state tax-exempt (eg. TVA exempt, GNMA not):

https://www.raymondjames.com/wealth-management/advice-products-and-services/investment-solutions/fixed-income/taxable-bonds/government-sponsored-enterprise-debt-securities

fundly

I would also add that in many states dividends from Puerto Rico and US territories such as Guam is state tax free from Muni bond funds and the % is given on many brokerage 1099"s.