Vanguard Ohio Long-Term Tax-Exempt Fund
FundVOHIXNASDAQAbout
This Vanguard fund is designed to generate current income that is exempt from both federal and Ohio state personal income taxes. It is exclusively for residents of Ohio. To achieve this, the fund primarily invests in high-quality municipal bonds issued by various Ohio entities, including state and local governments, regional authorities, and public financing bodies. Under normal market conditions, at least 80% of its assets will be allocated to securities providing these federal and Ohio tax exemptions. While there are no restrictions on the maturities of individual bonds it holds, the fund's portfolio targets a dollar-weighted average maturity of 10 to 25 years. This low-cost municipal bond fund is particularly appealing to Ohio residents in higher tax brackets seeking both federal and state tax-exempt income. With an average duration of approximately 6-10 years, the fund's share price is considerably more sensitive to fluctuations in interest rates compared to funds holding shorter-term bonds. Therefore, it is best suited for investors who prioritize tax-free income at both federal and Ohio levels and are comfortable with the inherent interest rate risk associated with long-term bonds.
Key Facts
52-Week Range
Performance
Sector Exposure
- Cash & Others100.00%
Top Holdings
| Symbol | Name | Weight | Market Value |
|---|---|---|---|
| — | Buckeye Tobacco Settlement Financing Authority 4.00% 06/01/2048 | 1.92% | $29.62M |
| — | County of Cuyahoga OH 5.50% 12/01/2061 | 1.03% | $15.92M |
| — | Ohio State University/The 4.00% 12/01/2048 | 0.92% | $14.22M |
| — | Ohio State University/The 5.25% 12/01/2046 | 0.91% | $14.09M |
| — | Ohio Water Development Authority 5.00% 12/01/2042 | 0.89% | $13.78M |
| — | County of Hamilton OH 1.45% 08/15/2051 | 0.89% | $13.78M |
| — | Tender Option Bond Trust Receipts/Certificates 1.60% 01/04/2027 | 0.89% | $13.70M |
| — | State of Ohio 4.00% 01/15/2050 | 0.87% | $13.42M |
| — | County of Franklin OH 1.40% 11/01/2042 | 0.83% | $12.90M |
| — | Ohio Air Quality Development Authority 4.00% 09/01/2030 | 0.82% | $12.71M |
| — | Worthington City School District 5.50% 12/01/2054 | 0.75% | $11.65M |
| — | Deutsche Bank Spears/Lifers Trust 1.70% 04/20/2053 | 0.74% | $11.42M |
| — | County of Fayette OH 5.25% 12/01/2045 | 0.72% | $11.10M |
| — | State of Ohio 5.00% 05/01/2044 | 0.72% | $11.07M |
| — | State of Ohio 5.00% 03/01/2044 | 0.71% | $10.92M |
| — | Wyoming City School District 5.00% 12/01/2061 | 0.69% | $10.59M |
| — | University of Cincinnati 5.25% 06/01/2054 | 0.68% | $10.56M |
| — | Lancaster Port Authority 5.00% 02/01/2055 | 0.67% | $10.34M |
| — | Columbus Regional Airport Authority 5.25% 01/01/2055 | 0.66% | $10.12M |
| — | County of Cuyahoga OH 5.25% 12/01/2056 | 0.65% | $10.00M |
| — | Ohio Housing Finance Agency 5.00% 03/01/2052 | 0.65% | $9.97M |
| — | County of Allen OH Hospital Facilities Revenue 5.00% 11/01/2041 | 0.63% | $9.79M |
| — | Ohio Turnpike & Infrastructure Commission 4.00% 02/15/2046 | 0.59% | $9.12M |
| — | Ohio Higher Educational Facility Commission 5.25% 05/01/2054 | 0.54% | $8.40M |
| — | Franklin County Convention Facilities Authority Hotel Project Revenue 5.00% 12/01/2051 | 0.54% | $8.33M |