Nuveen Ohio Municipal Bond Fund

Scorecard
5 / 5 Stars
Lipper
5 5 2 3 3
Zacks Investment Research
1 (Strong Buy)
Standard & Poor's
5 / 5 Stars
TheStreet.com
B+ (Buy)

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.

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Performance

The fund has returned -1.11 percent over the past year, 5.97 percent over the past three years, 5.84 percent over the past five years, and 4.26 percent over the past decade.

Trailing Returns Updated 02.28.2014
Year to date 3.7%
1 Year -1.1%
3 Years (Annualized) 6.0%
5 Years (Annualized) 5.8%
10 Years (Annualized) 4.3%

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Summary

The investment seeks to provide the investors with 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. Under normal market conditions, the fund 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. The fund may invest up to 20% of its net assets in below investment grade municipal bonds, commonly referred to as "high yield" or "junk" bonds.

Fees

Fees are Below Average compared to funds in the same category.
Nuveen Ohio Municipal Bond Fund has an expense ratio of 0.59 percent.

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Risk

Risk is High compared to funds in the same category according to Morningstar.

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