- What does FOHTX invest in?
- This fund aims to generate a substantial level of current income for investors that is exempt from federal, Ohio state, and in certain situations, Ohio local income taxes, all while striving to preserve the original capital invested. Typically, the fund allocates a minimum of 80% of its total assets to high-quality municipal bonds. These bonds must be rated investment grade (BBB/Baa or higher) by at least one independent credit rating agency at the time of purchase, or, if unrated, assessed by the fund's sub-adviser to possess equivalent creditworthiness. Furthermore, the portfolio has the discretion to allocate up to 20% of its assets to municipal bonds considered below investment grade, commonly known as "high-yield" or "junk" bonds.
- What is the expense ratio of FOHTX?
- Nuveen Ohio Municipal Bond Fund Class A (FOHTX) charges an expense ratio of 0.78%. This is the annual fee deducted from fund assets to cover management and operations.
- What is FOHTX's dividend yield?
- FOHTX's trailing-twelve-month yield is 3.56%, calculated from the sum of dividends over the past year divided by the current price.
- What is the duration of FOHTX?
- Effective duration measures FOHTX's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. FOHTX's current duration is published on the fund's factsheet on the issuer's website.
- What is the credit quality of FOHTX?
- FOHTX's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.
- What is the yield to maturity of FOHTX?
- Yield to maturity (YTM) is the total return you'd earn from FOHTX if every bond in the portfolio is held to maturity at the current price. FOHTX's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.
