About FOHTX
Nuveen Ohio Municipal Bond Fund Class A is a municipal bond mutual fund focused on providing a high level of current interest income exempt from regular federal, Ohio state, and, in some instances, local income taxes. The fund primarily invests at least 80% of its assets in investment-grade municipal bonds, notably those issued by or for Ohio, and may also allocate up to 20% to below-investment-grade, or "high yield," municipal bonds. This structure makes it especially relevant for Ohio residents seeking tax-advantaged income streams. The portfolio spans bonds supporting sectors like public infrastructure, utilities, and essential governmental projects, reflecting its crucial role in state and local finance. With a diversified portfolio of over 200 holdings and an inception date in 1985, the fund seeks capital preservation alongside income generation, offering monthly distributions and aiming for stability in fluctuating interest rate environments. By channeling resources into municipal debt, the fund serves both investors interested in tax-exempt income and the financing needs of Ohio communities, acting as a bridge between individual capital and public investment priorities.
Fund Family Nuveen
Category Muni Ohio
Performance Rating Below Average
Risk Rating Average
Stock Exchange Nasdaq
Ticker Symbol FOHTX
Share Class - Class A
Index S&P Municipal Bond TR USD
FOHTX had a total return of -2.09% in the past year, including dividends. Since the fund's
inception, the average annual return has been 4.08%.
