Vanguard Ohio Tax-Free Funds - Vanguard Ohio Long-Term Tax-Exempt Fund(NASDAQMUTFUND) VOHIX

The Vanguard Ohio Long-Term Tax-Exempt Fund is designed to provide current income exempt from federal and Ohio state personal income taxes. This fund primarily invests in high-quality municipal bonds issued by various Ohio entities, making it an appealing option for Ohio residents in higher tax brackets.

Products and Services

• Invests in high-quality municipal bonds from Ohio entities
• Targets a dollar-weighted average maturity of 10 to 25 years
• Offers tax-exempt income at both federal and state levels

Growth Outlook

• Market capitalization stands at approximately $1.58 billion
• Dividend yield of 3.69% provides attractive income potential
• Share price range between $11.22 and $11.87 indicates stability

Financial Highlights

• Recent dividend paid per share is $0.426
• Trailing twelve months yield of 3.69% reflects consistent income generation
• Average share price sensitivity to interest rates is notable

The Vanguard Ohio Long-Term Tax-Exempt Fund focuses on generating tax-free income for Ohio residents, primarily through investments in municipal bonds. With a strong market capitalization and a competitive dividend yield, the fund is positioned to attract investors seeking stable, tax-exempt income. The fund's strategy of targeting longer maturities allows for potential growth, although it comes with increased sensitivity to interest rate fluctuations. Overall, the fund serves as a viable option for those looking to enhance their tax-exempt income portfolio.