5 / 5 Stars
5 5 3 3 3
Zacks Investment Research
1 (Strong Buy)
Standard & Poor's
5 / 5 Stars
U.S. News evaluated 16 Muni Ohio Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
The fund has returned 4.38 percent over the past year, 6.04 percent over the past three years, 5.88 percent over the past five years, and 4.64 percent over the past decade.
|Trailing Returns||Updated 05.31.2013|
|Year to date||0.2%|
|3 Years (Annualized)||6.0%|
|5 Years (Annualized)||5.9%|
|10 Years (Annualized)||4.6%|
The investment seeks as high a level of current interest income exempt from regular federal, Ohio state and, in some cases, Ohio local income taxes as is consistent with preservation of capital. The fund invests at least 80% of its net assets in municipal bonds that pay interest that is exempt from regular federal and Ohio personal income tax. It invests at least 80% of its net assets in investment grade municipal bonds rated BBB/Baa or higher at the time of purchase by at least one independent rating agency, or, if unrated, judged by the fund's sub-adviser to be of comparable quality.
Fees are Below Average compared to funds in the same category.
Nuveen Ohio Municipal Bond Fund has an expense ratio of 0.62 percent.
Risk is High compared to funds in the same category according to Morningstar.