UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-CSR
CERTIFIED SHAREHOLDER REPORT
OF
REGISTERED MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number: 811-06083
Name of Registrant: | | Vanguard Ohio Tax-Free Funds |
Address of Registrant: | | P.O. Box 2600 |
| | Valley Forge, PA 19482 |
| | |
Name and address of agent for service: | | Anne E. Robinson, Esquire |
| | P.O. Box 876 |
| | Valley Forge, PA 19482 |
Registrant’s telephone number, including area code: (610) 669-1000
Date of fiscal year end: November 30
Date of reporting period: December 1, 2018—May 31, 2019
Item 1: Reports to Shareholders
Semiannual Report | May 31, 2019 Vanguard Ohio Long-Term Tax-Exempt Fund |
See the inside front cover for important information about access to your fund’s annual and semiannual shareholder reports. |
Important information about access to shareholder reports
Beginning on January 1, 2021, as permitted by regulations adopted by the Securities and Exchange Commission, paper copies of your fund’s annual and semiannual shareholder reports will no longer be sent to you by mail, unless you specifically request them. Instead, you will be notified by mail each time a report is posted on the website and will be provided with a link to access the report.
If you have already elected to receive shareholder reports electronically, you will not be affected by this change and do not need to take any action. You may elect to receive shareholder reports and other communications from the fund electronically by contacting your financial intermediary (such as a broker-dealer or bank) or, if you invest directly with the fund, by calling Vanguard at one of the phone numbers on the back cover of this report or by logging on to vanguard.com.
You may elect to receive paper copies of all future shareholder reports free of charge. If you invest through a financial intermediary, you can contact the intermediary to request that you continue to receive paper copies. If you invest directly with the fund, you can call Vanguard at one of the phone numbers on the back cover of this report or log on to vanguard.com. Your election to receive paper copies will apply to all the funds you hold through an intermediary or directly with Vanguard.
Contents | |
| |
About Your Fund’s Expenses | 1 |
Financial Statements | 4 |
Trustees Approve Advisory Arrangement | 29 |
About Your Fund’s Expenses
As a shareholder of the fund, you incur ongoing costs, which include costs for portfolio management, administrative services, and shareholder reports (like this one), among others. Operating expenses, which are deducted from a fund’s gross income, directly reduce the investment return of the fund.
A fund’s expenses are expressed as a percentage of its average net assets. This figure is known as the expense ratio. The following examples are intended to help you understand the ongoing costs (in dollars) of investing in your fund and to compare these costs with those of other mutual funds. The examples are based on an investment of $1,000 made at the beginning of the period shown and held for the entire period.
The accompanying table illustrates your fund’s costs in two ways:
· Based on actual fund return. This section helps you to estimate the actual expenses that you paid over the period. The “Ending Account Value” shown is derived from the fund’s actual return, and the third column shows the dollar amount that would have been paid by an investor who started with $1,000 in the fund. You may use the information here, together with the amount you invested, to estimate the expenses that you paid over the period.
To do so, simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number given for your fund under the heading “Expenses Paid During Period.”
· Based on hypothetical 5% yearly return. This section is intended to help you compare your fund’s costs with those of other mutual funds. It assumes that the fund had a yearly return of 5% before expenses, but that the expense ratio is unchanged. In this case—because the return used is not the fund’s actual return—the results do not apply to your investment. The example is useful in making comparisons because the Securities and Exchange Commission requires all mutual funds to calculate expenses based on a 5% return. You can assess your fund’s costs by comparing this hypothetical example with the hypothetical examples that appear in shareholder reports of other funds.
Note that the expenses shown in the table are meant to highlight and help you compare ongoing costs only and do not reflect transaction costs incurred by the fund for buying and selling securities. Further, the expenses do not include any purchase, redemption, or account service fees described in the fund prospectus. If such fees were applied to your account, your costs would be higher. Your fund does not carry a “sales load.”
The calculations assume no shares were bought or sold during the period. Your actual costs may have been higher or lower, depending on the amount of your investment and the timing of any purchases or redemptions.
You can find more information about the fund’s expenses, including annual expense ratios, in the Financial Statements section of this report. For additional information on operating expenses and other shareholder costs, please refer to your fund’s current prospectus.
1
Six Months Ended May 31, 2019
| | Beginning | | Ending | | Expenses |
| | Account Value | | Account Value | | Paid During |
Ohio Long-Term Tax-Exempt Fund | | 11/30/2018 | | 5/31/2019 | | Period |
Based on Actual Fund Return | | $1,000.00 | | $1,065.25 | | $0.67 |
Based on Hypothetical 5% Yearly Return | | 1,000.00 | | 1,024.28 | | 0.66 |
The calculations are based on expenses incurred in the most recent six-month period. The fund’s annualized six-month expense ratio for that period is 0.13%. The dollar amounts shown as “Expenses Paid” are equal to the annualized expense ratio multiplied by the average account value over the period, multiplied by the number of days in the most recent six-month period, then divided by the number of days in the most recent 12-month period (182/365).
2
Ohio Long-Term Tax-Exempt Fund
Distribution by Stated Maturity
As of May 31, 2019
Under 1 Year | | 2.6 | % |
1 - 3 Years | | 4.1 | |
3 - 5 Years | | 2.3 | |
5 - 10 Years | | 9.4 | |
10 - 20 Years | | 44.2 | |
20 - 30 Years | | 32.3 | |
Over 30 Years | | 5.1 | |
3
Ohio Long-Term Tax-Exempt Fund
Financial Statements (unaudited)
Statement of Net Assets
As of May 31, 2019
The fund files its complete schedule of portfolio holdings with the Securities and Exchange Commission (SEC) for the first and third quarters of each fiscal year as an exhibit to its reports on Form N-PORT. The fund’s Form N-PORT reports will be available on the SEC’s website at www.sec.gov.
| | | | | | | Face | | Market | |
| | | | Maturity | | | Amount | | Value· | |
| | Coupon | | Date | | | ($000 | ) | ($000 | ) |
Tax-Exempt Municipal Bonds (99.9%) | | | | | | | | | | |
Ohio (99.7%) | | | | | | | | | | |
Akron OH Bath & Copley Joint Township Hospital District Revenue (Children’s Hospital Medical Center of Akron) | | 5.000% | | 11/15/38 | | | 5,535 | | 6,072 | |
Akron OH Bath & Copley Joint Township Hospital District Revenue (Children’s Hospital Medical Center of Akron) | | 5.000% | | 11/15/42 | | | 2,780 | | 2,970 | |
Akron OH Bath & Copley Joint Township Hospital District Revenue (Summa Health System Obligated Group) | | 5.250% | | 11/15/46 | | | 4,170 | | 4,784 | |
Akron OH COP | | 4.000% | | 12/1/30 | | | 535 | | 585 | |
Akron OH Income Tax Revenue (Community Learning Centers) | | 4.000% | | 12/1/28 | | | 285 | | 327 | |
Akron OH Income Tax Revenue (Community Learning Centers) | | 4.000% | | 12/1/29 | | | 610 | | 697 | |
Akron OH Income Tax Revenue (Community Learning Centers) | | 4.000% | | 12/1/30 | | | 2,090 | | 2,372 | |
Akron OH Income Tax Revenue (Community Learning Centers) | | 5.000% | | 12/1/30 | | | 1,415 | | 1,709 | |
Akron OH Income Tax Revenue (Community Learning Centers) | | 4.000% | | 12/1/31 | | | 1,500 | | 1,688 | |
Akron OH Income Tax Revenue (Community Learning Centers) | | 5.000% | | 12/1/31 | | | 1,300 | | 1,564 | |
Akron OH Income Tax Revenue (Community Learning Centers) | | 4.000% | | 12/1/32 | | | 1,300 | | 1,453 | |
Allen County OH Hospital Facilities Revenue (Catholic Healthcare Partners) | | 5.000% | | 6/1/20 | | (Prere.) | 8,000 | | 8,271 | |
Allen County OH Hospital Facilities Revenue (Catholic Healthcare Partners) | | 5.250% | | 9/1/20 | | (Prere.) | 4,015 | | 4,197 | |
Allen County OH Hospital Facilities Revenue (Catholic Healthcare Partners) | | 5.000% | | 5/1/33 | | | 6,320 | | 6,847 | |
Allen County OH Hospital Facilities Revenue (Catholic Healthcare Partners) | | 5.000% | | 5/1/42 | | | 10,020 | | 10,748 | |
Allen County OH Hospital Facilities Revenue (Mercy Health) | | 5.000% | | 8/1/23 | | | 400 | | 450 | |
Allen County OH Hospital Facilities Revenue (Mercy Health) | | 5.000% | | 8/1/28 | | | 250 | | 310 | |
Allen County OH Hospital Facilities Revenue (Mercy Health) | | 4.000% | | 8/1/37 | | | 1,900 | | 2,050 | |
Allen County OH Hospital Facilities Revenue (Mercy Health) | | 4.000% | | 8/1/38 | | | 4,800 | | 5,158 | |
4
Ohio Long-Term Tax-Exempt Fund
| | | | | | | Face | | Market | |
| | | | Maturity | | | Amount | | Value· | |
| | Coupon | | Date | | | ($000 | ) | ($000 | ) |
Allen County OH Hospital Facilities Revenue (Mercy Health) | | 5.000% | | 8/1/42 | | | 2,120 | | 2,458 | |
Allen County OH Hospital Facilities Revenue (Mercy Health) | | 4.000% | | 11/1/44 | | | 5 | | 5 | |
Allen County OH Hospital Facilities Revenue (Mercy Health) | | 4.000% | | 8/1/47 | | | 9,600 | | 10,193 | |
American Municipal Power Ohio Inc. Revenue (Fremont Energy Center Project) | | 5.000% | | 2/15/37 | | | 10,415 | | 11,164 | |
American Municipal Power Ohio Inc. Revenue (Fremont Energy Center Project) | | 5.000% | | 2/15/42 | | | 8,410 | | 8,985 | |
American Municipal Power Ohio Inc. Revenue (Greenup Hydroelectric Project) | | 5.000% | | 2/15/28 | | | 110 | | 131 | |
American Municipal Power Ohio Inc. Revenue (Meldahl Hydroelectric Project) | | 4.000% | | 2/15/34 | | | 1,380 | | 1,488 | |
American Municipal Power Ohio Inc. Revenue (Meldahl Hydroelectric Project) | | 4.000% | | 2/15/41 | | | 1,500 | | 1,583 | |
American Municipal Power Ohio Inc. Revenue (Prairie State Energy Campus Project) | | 5.000% | | 2/15/26 | | | 3,875 | | 4,458 | |
American Municipal Power Ohio Inc. Revenue (Prairie State Energy Campus Project) | | 5.000% | | 2/15/29 | | | 8,365 | | 9,527 | |
American Municipal Power Ohio Inc. Revenue (Prairie State Energy Campus Project) | | 5.000% | | 2/15/38 | | | 2,000 | | 2,356 | |
American Municipal Power Ohio Inc. Revenue (Prairie State Energy Campus Project) | | 5.000% | | 2/15/39 | | | 7,000 | | 7,829 | |
Apollo Career Center Joint Vocational School District Ohio GO | | 5.000% | | 12/1/21 | | (Prere.) | 4,700 | | 5,113 | |
Apollo Career Center Joint Vocational School District Ohio GO | | 5.000% | | 12/1/28 | | | 705 | | 875 | |
Apollo Career Center Joint Vocational School District Ohio GO | | 5.000% | | 12/1/29 | | | 1,195 | | 1,476 | |
Apollo Career Center Joint Vocational School District Ohio GO | | 5.000% | | 12/1/30 | | | 365 | | 448 | |
Apollo Career Center Joint Vocational School District Ohio GO | | 4.000% | | 12/1/33 | | | 1,000 | | 1,122 | |
Apollo Career Center Joint Vocational School District Ohio GO | | 4.000% | | 12/1/35 | | | 1,470 | | 1,632 | |
Apollo Career Center Joint Vocational School District Ohio GO | | 4.000% | | 12/1/36 | | | 1,000 | | 1,107 | |
1 Athens OH School District GO | | 4.000% | | 12/1/29 | | | 740 | | 867 | |
1 Athens OH School District GO | | 4.000% | | 12/1/30 | | | 380 | | 440 | |
1 Athens OH School District GO | | 4.000% | | 12/1/31 | | | 400 | | 459 | |
1 Athens OH School District GO | | 3.250% | | 12/1/48 | | | 2,000 | | 2,019 | |
Berea OH City School District GO | | 4.000% | | 12/1/47 | | (15) | 750 | | 798 | |
Berea OH City School District GO | | 4.000% | | 12/1/53 | | (15) | 2,750 | | 2,910 | |
Big Walnut OH School District School Facilities Construction & Improvement GO | | 3.250% | | 12/1/48 | | | 2,975 | | 3,003 | |
Big Walnut OH School District School Facilities Construction & Improvement GO | | 5.000% | | 12/1/55 | | | 4,425 | | 5,235 | |
Bluffton OH Hospital Facilities Revenue (Blanchard Valley Health System Obligated Group) | | 5.000% | | 12/1/29 | | | 2,010 | | 2,418 | |
Bluffton OH Hospital Facilities Revenue (Blanchard Valley Health System Obligated Group) | | 4.000% | | 12/1/34 | | | 2,000 | | 2,147 | |
5
Ohio Long-Term Tax-Exempt Fund
| | | | | | | Face | | Market | |
| | | | Maturity | | | Amount | | Value· | |
| | Coupon | | Date | | | ($000 | ) | ($000 | ) |
Bowling Green State University Ohio Revenue | | 5.000% | | 6/1/28 | | | 300 | | 365 | |
Bowling Green State University Ohio Revenue | | 5.000% | | 6/1/29 | | | 435 | | 527 | |
Bowling Green State University Ohio Revenue | | 5.000% | | 6/1/31 | | | 750 | | 898 | |
Bowling Green State University Ohio Revenue | | 5.000% | | 6/1/33 | | | 1,075 | | 1,279 | |
Bowling Green State University Ohio Revenue | | 5.000% | | 6/1/42 | | | 1,000 | | 1,134 | |
Bowling Green State University Ohio Revenue | | 5.000% | | 6/1/45 | | | 3,250 | | 3,777 | |
Bowling Green State University Ohio Student Housing Revenue (CFP I LLC - State University Project) | | 5.750% | | 6/1/20 | | (Prere.) | 2,000 | | 2,085 | |
Bowling Green State University Ohio Student Housing Revenue (CFP I LLC - State University Project) | | 6.000% | | 6/1/20 | | (Prere.) | 2,000 | | 2,089 | |
Brunswick OH City School District GO | | 5.000% | | 12/1/31 | | | 400 | | 448 | |
Brunswick OH City School District GO | | 5.000% | | 12/1/33 | | | 500 | | 559 | |
Brunswick OH City School District GO | | 5.000% | | 12/1/34 | | | 765 | | 854 | |
Brunswick OH City School District GO | | 5.000% | | 12/1/35 | | | 520 | | 580 | |
Brunswick OH City School District GO | | 5.000% | | 12/1/36 | | | 500 | | 557 | |
Brunswick OH City School District GO | | 5.000% | | 12/1/37 | | | 415 | | 462 | |
Butler County OH Hospital Facilities Revenue (Cincinnati Children’s Hospital Medical Center) | | 5.000% | | 5/15/29 | | | 1,700 | | 2,182 | |
Butler County OH Hospital Facilities Revenue (Kettering Health Network) | | 6.375% | | 4/1/36 | | �� | 1,405 | | 1,518 | |
Butler County OH Hospital Facilities Revenue (Kettering Health Network) | | 5.625% | | 4/1/41 | | | 2,010 | | 2,135 | |
Butler County OH Hospital Facilities Revenue (UC Health) | | 5.250% | | 11/1/20 | | (Prere.) | 4,000 | | 4,206 | |
Butler County OH Hospital Facilities Revenue (UC Health) | | 5.500% | | 11/1/20 | | (Prere.) | 2,770 | | 2,922 | |
Butler County OH Hospital Facilities Revenue (UC Health) | | 5.500% | | 11/1/20 | | (Prere.) | 1,390 | | 1,466 | |
Butler County OH Hospital Facilities Revenue (UC Health) | | 5.000% | | 11/15/25 | | | 3,080 | | 3,676 | |
Butler County OH Hospital Facilities Revenue (UC Health) | | 4.000% | | 11/15/30 | | | 1,010 | | 1,106 | |
Butler County OH Hospital Facilities Revenue (UC Health) | | 4.000% | | 11/15/31 | | | 1,075 | | 1,172 | |
Butler County OH Hospital Facilities Revenue (UC Health) | | 4.000% | | 11/15/34 | | | 3,350 | | 3,648 | |
Butler County OH Hospital Facilities Revenue (UC Health) | | 5.000% | | 11/15/45 | | | 5,610 | | 6,348 | |
Butler County OH Transportation Improvement District Tax Allocation Revenue | | 4.000% | | 12/1/27 | | | 615 | | 698 | |
Butler County OH Transportation Improvement District Tax Allocation Revenue | | 4.000% | | 12/1/28 | | | 2,200 | | 2,484 | |
Centerville OH Health Care Revenue (Graceworks Lutheran Services) | | 5.250% | | 11/1/37 | | | 1,500 | | 1,645 | |
Chagrin Falls OH Exempted Village School District GO | | 4.000% | | 12/1/35 | | | 300 | | 333 | |
Chagrin Falls OH Exempted Village School District GO | | 4.000% | | 12/1/36 | | | 500 | | 552 | |
Chagrin Falls OH Exempted Village School District GO | | 4.000% | | 12/1/47 | | | 1,435 | | 1,564 | |
6
Ohio Long-Term Tax-Exempt Fund
| | | | | | | Face | | Market | |
| | | | Maturity | | | Amount | | Value· | |
| | Coupon | | Date | | | ($000 | ) | ($000 | ) |
Chillicothe OH Hospital Facilities Revenue (Adena Health System Obligated Group) | | 5.000% | | 12/1/25 | | | 450 | | 535 | |
Chillicothe OH Hospital Facilities Revenue (Adena Health System Obligated Group) | | 5.000% | | 12/1/27 | | | 1,000 | | 1,224 | |
Cincinnati OH City School District COP | | 5.000% | | 12/15/29 | | | 2,000 | | 2,314 | |
Cincinnati OH City School District COP | | 5.000% | | 6/15/31 | | | 500 | | 594 | |
Cincinnati OH City School District COP | | 5.000% | | 6/15/32 | | | 400 | | 474 | |
Cincinnati OH City School District COP | | 5.000% | | 6/15/33 | | | 400 | | 473 | |
Cincinnati OH City School District COP | | 3.250% | | 6/15/34 | | | 565 | | 586 | |
Cincinnati OH City School District COP | | 3.375% | | 6/15/35 | | | 755 | | 787 | |
Cincinnati OH City School District COP | | 3.500% | | 6/15/36 | | | 600 | | 628 | |
Cincinnati OH City School District COP | | 3.500% | | 6/15/37 | | | 1,000 | | 1,039 | |
Cincinnati OH City School District COP | | 3.625% | | 6/15/38 | | | 800 | | 839 | |
Cincinnati OH City School District GO | | 5.250% | | 6/1/20 | | (Prere.) | 5,550 | | 5,752 | |
Cincinnati OH City School District GO | | 5.250% | | 12/1/30 | | (14) | 4,450 | | 5,946 | |
Cincinnati OH GO | | 4.000% | | 12/1/29 | | | 1,010 | | 1,166 | |
Cincinnati OH GO | | 4.000% | | 12/1/30 | | | 500 | | 572 | |
Cincinnati OH GO | | 4.000% | | 12/1/30 | | | 1,310 | | 1,517 | |
Cincinnati OH GO | | 4.000% | | 12/1/31 | | | 1,460 | | 1,676 | |
Cincinnati OH Water System Revenue | | 5.000% | | 12/1/21 | | (Prere.) | 5,115 | | 5,564 | |
Cincinnati OH Water System Revenue | | 5.000% | | 12/1/45 | | | 250 | | 290 | |
Clark-Shawnee OH Local School District GO | | 4.000% | | 11/1/31 | | | 400 | | 452 | |
Clark-Shawnee OH Local School District GO | | 4.000% | | 11/1/32 | | | 660 | | 743 | |
Clark-Shawnee OH Local School District GO | | 4.000% | | 11/1/34 | | | 860 | | 962 | |
Cleveland Heights & University Heights OH City School District GO | | 4.000% | | 12/1/31 | | | 530 | | 597 | |
Cleveland Heights & University Heights OH City School District GO | | 4.000% | | 12/1/35 | | | 775 | | 854 | |
Cleveland Heights & University Heights OH City School District GO | | 4.000% | | 12/1/36 | | | 500 | | 549 | |
Cleveland Heights & University Heights OH City School District GO | | 4.000% | | 12/1/37 | | | 2,200 | | 2,402 | |
Cleveland Heights & University Heights OH City School District GO | | 4.500% | | 12/1/47 | | | 2,050 | | 2,199 | |
Cleveland OH Airport System Revenue | | 5.000% | | 1/1/30 | | (4) | 2,000 | | 2,312 | |
Cleveland OH Airport System Revenue | | 5.000% | | 1/1/30 | | | 5,050 | | 5,430 | |
Cleveland OH Airport System Revenue | | 5.000% | | 1/1/31 | | (4) | 1,015 | | 1,169 | |
Cleveland OH Income Tax Revenue | | 4.000% | | 10/1/28 | | | 500 | | 570 | |
Cleveland OH Income Tax Revenue | | 4.000% | | 10/1/28 | | | 350 | | 399 | |
Cleveland OH Income Tax Revenue | | 4.000% | | 10/1/29 | | | 300 | | 340 | |
Cleveland OH Income Tax Revenue | | 4.000% | | 10/1/29 | | | 400 | | 453 | |
Cleveland OH Income Tax Revenue | | 5.000% | | 10/1/30 | | | 2,505 | | 3,102 | |
Cleveland OH Income Tax Revenue | | 5.000% | | 10/1/32 | | | 500 | | 606 | |
Cleveland OH Income Tax Revenue | | 5.000% | | 10/1/33 | | | 500 | | 603 | |
Cleveland OH Income Tax Revenue | | 5.000% | | 10/1/37 | | | 4,860 | | 5,407 | |
Cleveland OH Municipal School District GO | | 5.000% | | 12/1/46 | | | 3,000 | | 3,286 | |
Cleveland OH Public Power System Revenue | | 5.000% | | 11/15/26 | | (4) | 265 | | 321 | |
Cleveland OH Public Power System Revenue | | 5.000% | | 11/15/28 | | (4) | 150 | | 186 | |
Cleveland OH Public Power System Revenue | | 5.000% | | 11/15/29 | | (4) | 210 | | 258 | |
Cleveland OH Public Power System Revenue | | 5.000% | | 11/15/32 | | (4) | 530 | | 642 | |
Cleveland OH Public Power System Revenue | | 5.000% | | 11/15/34 | | (4) | 760 | | 914 | |
Cleveland OH Public Power System Revenue | | 5.000% | | 11/15/36 | | (4) | 1,000 | | 1,194 | |
Cleveland OH Public Power System Revenue | | 5.000% | | 11/15/37 | | (4) | 595 | | 708 | |
Cleveland OH Public Power System Revenue | | 5.000% | | 11/15/38 | | (4) | 825 | | 979 | |
7
Ohio Long-Term Tax-Exempt Fund
| | | | | | | Face | | Market | |
| | | | Maturity | | | Amount | | Value· | |
| | Coupon | | Date | | | ($000 | ) | ($000 | ) |
Cleveland OH Water Pollution Control Revenue | | 5.000% | | 11/15/41 | | | 1,500 | | 1,724 | |
Cleveland OH Water Pollution Control Revenue | | 5.000% | | 11/15/45 | | | 1,565 | | 1,794 | |
Cleveland OH Water Revenue | | 5.000% | | 1/1/29 | | | 140 | | 180 | |
Cleveland OH Water Revenue | | 4.000% | | 1/1/30 | | | 125 | | 147 | |
Cleveland OH Water Revenue | | 4.000% | | 1/1/30 | | | 1,000 | | 1,091 | |
Cleveland OH Water Revenue | | 4.000% | | 1/1/35 | | | 2,000 | | 2,133 | |
Cleveland-Cuyahoga County OH Port Authority Revenue (Cleveland Museum of Art Project) VRDO | | 1.430% | | 6/7/19 | | | 300 | | 300 | |
Cleveland-Cuyahoga County OH Port Authority Revenue (Euclid Avenue Development Corp. Project) | | 5.000% | | 8/1/28 | | | 680 | | 772 | |
Cleveland-Cuyahoga County OH Port Authority Revenue (Euclid Avenue Development Corp. Project) | | 5.000% | | 8/1/30 | | | 3,020 | | 3,414 | |
Cleveland-Cuyahoga County OH Port Authority Revenue (Euclid Avenue Development Corp. Project) | | 5.000% | | 8/1/39 | | | 3,010 | | 3,359 | |
Columbus OH City School District GO | | 5.000% | | 12/1/26 | | | 1,375 | | 1,622 | |
Columbus OH City School District GO | | 4.000% | | 12/1/30 | | | 750 | | 840 | |
Columbus OH City School District GO | | 5.000% | | 12/1/36 | | | 2,000 | | 2,386 | |
Columbus OH City School District GO | | 5.000% | | 12/1/42 | | | 500 | | 590 | |
Columbus OH City School District School Facilities Construction & Improvement GO | | 5.000% | | 12/1/31 | | | 4,000 | | 4,796 | |
Columbus OH City School District School Facilities Construction & Improvement GO | | 5.000% | | 12/1/32 | | | 2,825 | | 3,387 | |
Columbus OH City School District School Facilities Construction & Improvement GO | | 5.000% | | 12/1/47 | | | 1,480 | | 1,741 | |
Columbus OH GO | | 4.000% | | 8/15/26 | | | 1,055 | | 1,207 | |
Columbus OH GO | | 4.000% | | 4/1/29 | | | 2,050 | | 2,369 | |
Columbus OH GO | | 4.000% | | 4/1/30 | | | 5,015 | | 5,805 | |
Columbus OH GO | | 4.000% | | 7/1/30 | | | 1,200 | | 1,339 | |
Columbus OH GO | | 4.000% | | 4/1/31 | | | 2,060 | | 2,370 | |
Columbus OH GO | | 4.000% | | 4/1/33 | | | 1,000 | | 1,135 | |
Columbus OH GO | | 5.000% | | 4/1/33 | | | 2,085 | | 2,611 | |
Columbus OH Regional Airport Authority Airport Revenue (OASBO Expanded Asset Program) VRDO | | 1.450% | | 6/7/19 | | LOC | 1,720 | | 1,720 | |
Columbus OH Sewer Revenue | | 5.000% | | 6/1/29 | | | 850 | | 1,034 | |
Columbus OH Sewer Revenue | | 5.000% | | 6/1/31 | | | 1,000 | | 1,166 | |
Cuyahoga County OH (Convention Hotel Project) COP | | 4.000% | | 12/1/34 | | | 1,345 | | 1,402 | |
Cuyahoga County OH (Convention Hotel Project) COP | | 5.000% | | 12/1/36 | | | 1,000 | | 1,114 | |
1 Cuyahoga County OH Economic Development Revenue | | 5.000% | | 1/1/40 | | | 820 | | 985 | |
1 Cuyahoga County OH Economic Development Revenue | | 5.000% | | 1/1/41 | | | 725 | | 868 | |
Cuyahoga County OH Hospital Revenue (MetroHealth System) | | 5.000% | | 2/15/42 | | | 85 | | 94 | |
Cuyahoga County OH Hospital Revenue (MetroHealth System) | | 5.250% | | 2/15/47 | | | 4,100 | | 4,609 | |
Cuyahoga County OH Hospital Revenue (MetroHealth System) | | 5.000% | | 2/15/52 | | | 9,135 | | 10,054 | |
8
Ohio Long-Term Tax-Exempt Fund
| | | | | | | Face | | Market | |
| | | | Maturity | | | Amount | | Value· | |
| | Coupon | | Date | | | ($000 | ) | ($000 | ) |
Cuyahoga County OH Hospital Revenue (MetroHealth System) | | 5.500% | | 2/15/52 | | | 2,500 | | 2,848 | |
Cuyahoga County OH Hospital Revenue (MetroHealth System) | | 5.000% | | 2/15/57 | | | 1,200 | | 1,317 | |
Cuyahoga County OH Hospital Revenue (MetroHealth System) | | 5.500% | | 2/15/57 | | | 2,000 | | 2,270 | |
Cuyahoga County OH Public Library Fund Special Obligation Revenue | | 4.000% | | 12/1/32 | | | 1,840 | | 1,972 | |
Cuyahoga County OH Sales Tax Revenue | | 5.000% | | 12/1/32 | | | 1,900 | | 2,221 | |
Cuyahoga County OH Sales Tax Revenue | | 5.000% | | 12/1/34 | | | 2,775 | | 3,229 | |
Cuyahoga County OH Sales Tax Revenue | | 5.000% | | 12/1/35 | | | 4,485 | | 5,208 | |
Cuyahoga County OH Sales Tax Revenue (Quicken Loans Arena Project) | | 5.000% | | 1/1/30 | | | 1,000 | | 1,164 | |
Cuyahoga County OH Sales Tax Revenue (Quicken Loans Arena Project) | | 5.000% | | 1/1/31 | | | 615 | | 713 | |
Cuyahoga OH Community College District GO | | 4.000% | | 12/1/30 | | | 1,800 | | 2,009 | |
Cuyahoga OH Community College District GO | | 4.000% | | 12/1/32 | | | 2,250 | | 2,495 | |
Cuyahoga OH Community College District Revenue | | 4.000% | | 2/1/27 | | | 1,000 | | 1,131 | |
Cuyahoga OH Community College District Revenue | | 4.000% | | 2/1/28 | | | 750 | | 844 | |
Dayton OH Water System Revenue | | 4.000% | | 12/1/29 | | | 265 | | 301 | |
Dayton OH Water System Revenue | | 4.000% | | 12/1/30 | | | 200 | | 225 | |
Dayton OH Water System Revenue | | 4.000% | | 12/1/31 | | | 280 | | 312 | |
Dayton OH Water System Revenue | | 4.000% | | 12/1/32 | | | 300 | | 332 | |
Dayton OH Water System Revenue | | 4.000% | | 12/1/34 | | | 970 | | 1,065 | |
Delaware County OH Sales Tax Revenue | | 3.500% | | 12/1/31 | | | 2,800 | | 2,950 | |
Dublin OH City School District GO | | 4.000% | | 12/1/30 | | | 5,380 | | 6,333 | |
Dublin OH Special Obligation Revenue | | 5.000% | | 12/1/31 | | | 500 | | 630 | |
Dublin OH Special Obligation Revenue | | 5.000% | | 12/1/32 | | | 550 | | 690 | |
Dublin OH Special Obligation Revenue | | 5.000% | | 12/1/42 | | | 3,485 | | 4,041 | |
Dublin OH Special Obligation Revenue | | 5.000% | | 12/1/44 | | | 1,920 | | 2,222 | |
Elyria OH City School District GO | | 5.000% | | 12/1/29 | | | 505 | | 608 | |
Elyria OH City School District GO | | 4.000% | | 12/1/51 | | | 4,685 | | 4,976 | |
Elyria OH GO | | 4.000% | | 12/1/22 | | | 300 | | 325 | |
Elyria OH GO | | 4.000% | | 12/1/23 | | | 575 | | 635 | |
Elyria OH GO | | 4.000% | | 12/1/24 | | | 400 | | 450 | |
Elyria OH GO | | 4.000% | | 12/1/25 | | | 470 | | 536 | |
Elyria OH GO | | 4.000% | | 12/1/26 | | | 640 | | 735 | |
Elyria OH GO | | 4.000% | | 12/1/27 | | | 670 | | 767 | |
Elyria OH GO | | 4.000% | | 12/1/28 | | | 695 | | 791 | |
Elyria OH GO | | 4.000% | | 12/1/30 | | | 280 | | 313 | |
Elyria OH GO | | 4.000% | | 12/1/31 | | | 225 | | 250 | |
Elyria OH GO | | 4.000% | | 12/1/32 | | | 280 | | 309 | |
Elyria OH GO | | 4.000% | | 12/1/33 | | | 440 | | 484 | |
Euclid OH City School District GO | | 4.750% | | 1/15/54 | | | 5,000 | | 5,497 | |
Forest Hills OH Local School District GO | | 5.000% | | 12/1/46 | | | 2,000 | | 2,291 | |
Franklin County OH Convention Facilities Authority Revenue | | 5.000% | | 12/1/30 | | | 4,445 | | 5,179 | |
Franklin County OH GO | | 5.000% | | 12/1/31 | | | 3,000 | | 3,565 | |
Franklin County OH Health Care Facilities Improvement Revenue (Ohio Presbyterian Retirement Services Project) | | 5.625% | | 7/1/26 | | | 2,800 | | 2,897 | |
9
Ohio Long-Term Tax-Exempt Fund
| | | | | | | Face | | Market | |
| | | | Maturity | | | Amount | | Value· | |
| | Coupon | | Date | | | ($000 | ) | ($000 | ) |
Franklin County OH Health Care Facilities Improvement Revenue (OPRS Communities) | | 6.000% | | 7/1/35 | | | 500 | | 547 | |
Franklin County OH Health Care Facilities Improvement Revenue (OPRS Communities) | | 6.125% | | 7/1/40 | | | 4,110 | | 4,498 | |
Franklin County OH Hospital Facilities Revenue (OhioHealth Corp.) | | 5.000% | | 5/15/31 | | | 5,000 | | 5,565 | |
Franklin County OH Hospital Facilities Revenue (OhioHealth Corp.) | | 5.000% | | 5/15/34 | | | 2,610 | | 2,999 | |
Franklin County OH Hospital Facilities Revenue (OhioHealth Corp.) | | 5.000% | | 11/15/36 | | | 3,665 | | 3,926 | |
Franklin County OH Hospital Facilities Revenue (OhioHealth Corp.) | | 5.000% | | 5/15/45 | | | 4,640 | | 5,250 | |
Franklin County OH Hospital Facilities Revenue (OhioHealth Corp.) | | 4.000% | | 5/15/47 | | | 7,000 | | 7,560 | |
Franklin County OH Hospital Improvement Revenue (Nationwide Children’s Hospital Project) | | 4.000% | | 11/1/36 | | | 1,110 | | 1,213 | |
Franklin County OH Hospital Improvement Revenue (Nationwide Children’s Hospital Project) | | 4.000% | | 11/1/38 | | | 775 | | 842 | |
Franklin County OH Hospital Improvement Revenue (Nationwide Children’s Hospital Project) | | 4.000% | | 11/1/39 | | | 1,290 | | 1,399 | |
Franklin County OH Hospital Improvement Revenue (Nationwide Children’s Hospital Project) | | 5.000% | | 11/1/42 | | | 7,000 | | 7,506 | |
Franklin County OH Hospital Improvement Revenue (Nationwide Children’s Hospital Project) | | 4.000% | | 11/1/44 | | | 2,300 | | 2,480 | |
Franklin County OH Hospital Improvement Revenue (Nationwide Children’s Hospital Project) | | 4.000% | | 11/1/47 | | | 2,420 | | 2,602 | |
Franklin County OH Revenue (Trinity Health Corp.) | | 4.000% | | 12/1/46 | | | 3,880 | | 4,172 | |
2 Franklin County OH Revenue (Trinity Health Corp.) | | 5.000% | | 12/1/46 | | | 1,500 | | 1,747 | |
Franklin County OH Sales Tax Revenue | | 4.000% | | 6/1/29 | | | 5,690 | | 6,701 | |
Franklin County OH Sales Tax Revenue | | 5.000% | | 6/1/43 | | | 6,000 | | 7,265 | |
Franklin County OH Sales Tax Revenue | | 5.000% | | 6/1/48 | | | 5,455 | | 6,565 | |
Fremont City OH School District GO | | 5.000% | | 1/15/33 | | | 1,000 | | 1,167 | |
Fremont City OH School District GO | | 4.000% | | 1/15/55 | | | 2,000 | | 2,095 | |
Greene County OH Votech School District (Facilities Construction & Improvement) GO | | 5.000% | | 12/1/28 | | | 325 | | 414 | |
Greene County OH Votech School District (Facilities Construction & Improvement) GO | | 5.000% | | 12/1/29 | | | 300 | | 380 | |
Greene County OH Votech School District (Facilities Construction & Improvement) GO | | 4.000% | | 12/1/34 | | | 700 | | 788 | |
Hamilton County OH Healthcare Facilities Revenue (Christ Hospital Project) | | 5.250% | | 6/1/32 | | | 3,150 | | 3,433 | |
Hamilton County OH Healthcare Facilities Revenue (Christ Hospital Project) | | 5.000% | | 6/1/42 | | | 5,310 | | 5,632 | |
Hamilton County OH Healthcare Facilities Revenue (Christ Hospital Project) | | 5.500% | | 6/1/42 | | | 3,025 | | 3,294 | |
10
Ohio Long-Term Tax-Exempt Fund
| | | | | | | Face | | Market | |
| | | | Maturity | | | Amount | | Value· | |
| | Coupon | | Date | | | ($000 | ) | ($000 | ) |
Hamilton County OH Healthcare Revenue (Life Enriching Communities) | | 5.000% | | 1/1/32 | | | 1,750 | | 1,874 | |
Hamilton County OH Healthcare Revenue (Life Enriching Communities) | | 5.000% | | 1/1/36 | | | 1,000 | | 1,111 | |
Hamilton County OH Healthcare Revenue (Life Enriching Communities) | | 5.000% | | 1/1/42 | | | 2,000 | | 2,119 | |
Hamilton County OH Healthcare Revenue (Life Enriching Communities) | | 5.000% | | 1/1/46 | | | 4,450 | | 4,858 | |
Hamilton County OH Healthcare Revenue (Life Enriching Communities) | | 5.000% | | 1/1/46 | | | 2,000 | | 2,115 | |
Hamilton County OH Healthcare Revenue (Life Enriching Communities) | | 5.000% | | 1/1/51 | | | 1,400 | | 1,524 | |
Hamilton County OH Hospital Facilities Revenue (Cincinnati Children’s Hospital Medical Center) | | 5.000% | | 5/15/34 | | | 1,000 | | 1,128 | |
Hamilton County OH Hospital Facilities Revenue (TriHealth Obligated Group) | | 4.125% | | 8/15/37 | | | 20 | | 22 | |
Hamilton County OH Hospital Facilities Revenue (TriHealth Obligated Group) | | 5.000% | | 8/15/42 | | | 5,150 | | 5,957 | |
Hamilton County OH Hospital Facilities Revenue (TriHealth Obligated Group) | | 4.250% | | 8/15/47 | | | 3,025 | | 3,201 | |
Hamilton County OH Hospital Facilities Revenue (TriHealth Obligated Group) | | 5.000% | | 8/15/47 | | | 3,000 | | 3,457 | |
Hamilton County OH Hospital Facilities Revenue (UC Health) | | 5.000% | | 2/1/30 | | | 1,360 | | 1,526 | |
Hamilton County OH Sales Tax Revenue | | 5.000% | | 12/1/29 | | | 1,000 | | 1,211 | |
Hamilton County OH Sales Tax Revenue | | 5.000% | | 12/1/30 | | | 1,530 | | 1,842 | |
Hamilton County OH Sales Tax Revenue | | 4.000% | | 12/1/31 | | | 6,520 | | 7,240 | |
Hamilton County OH Sales Tax Revenue | | 5.000% | | 12/1/32 | | | 5,000 | | 5,390 | |
Hamilton OH City School District GO | | 5.000% | | 12/1/34 | | | 1,500 | | 1,736 | |
Harrison Hills OH City School District GO | | 4.000% | | 11/1/54 | | | 2,195 | | 2,310 | |
Highland OH Local School District GO | | 5.250% | | 12/1/48 | | | 5,000 | | 5,610 | |
Highland OH Local School District GO | | 5.250% | | 12/1/54 | | | 2,000 | | 2,230 | |
Huber Heights OH City School District GO | | 4.000% | | 12/1/34 | | | 2,000 | | 2,184 | |
Hudson City School District OH GO | | 4.000% | | 12/1/31 | | | 400 | | 444 | |
Hudson City School District OH GO | | 4.000% | | 12/1/32 | | | 420 | | 465 | |
Hudson City School District OH GO | | 4.000% | | 12/1/33 | | | 420 | | 463 | |
Indian Creek OH Local School District GO | | 5.000% | | 11/1/55 | | | 3,000 | | 3,514 | |
Indian Creek OH Local School District GO | | 5.000% | | 11/1/55 | | (15) | 1,000 | | 1,163 | |
JobsOhio Beverage System Statewide Liquor Profits Revenue | | 5.000% | | 1/1/38 | | | 25,850 | | 28,426 | |
3 JobsOhio Beverage System Statewide Liquor Profits Revenue TOB VRDO | | 1.470% | | 6/7/19 | | | 1,180 | | 1,180 | |
Kent State University Ohio Revenue | | 5.000% | | 5/1/37 | | | 4,185 | | 4,529 | |
Kettering OH City School District GO | | 5.000% | | 12/1/31 | | | 250 | | 311 | |
Kettering OH City School District GO | | 5.250% | | 12/1/31 | | (4) | 1,000 | | 1,258 | |
Kettering OH City School District GO | | 4.000% | | 12/1/33 | | | 260 | | 292 | |
Kettering OH City School District GO | | 4.000% | | 12/1/35 | | | 375 | | 417 | |
Kettering OH City School District GO | | 3.375% | | 12/1/46 | | | 575 | | 581 | |
Lakeview OH Local School District Classroom | | | | | | | | | | |
Facilities & School Improvement GO | | 5.000% | | 11/1/44 | | | 1,500 | | 1,714 | |
Lakewood OH City School District GO | | 4.000% | | 11/1/28 | | | 200 | | 231 | |
Lakewood OH City School District GO | | 4.000% | | 11/1/30 | | | 235 | | 268 | |
Lakewood OH City School District GO | | 4.000% | | 11/1/31 | | | 440 | | 498 | |
11
Ohio Long-Term Tax-Exempt Fund
| | | | | | | Face | | Market | |
| | | | Maturity | | | Amount | | Value· | |
| | Coupon | | Date | | | ($000 | ) | ($000 | ) |
Lakewood OH City School District GO | | 4.000% | | 11/1/32 | | | 240 | | 270 | |
Lakewood OH City School District GO | | 4.000% | | 11/1/33 | | | 375 | | 420 | |
Lakewood OH City School District GO | | 4.000% | | 11/1/34 | | | 430 | | 479 | |
Lancaster OH Port Authority Gas Supply Revenue | | 5.000% | | 2/1/20 | | | 505 | | 516 | |
Lancaster OH Port Authority Gas Supply Revenue | | 5.000% | | 8/1/21 | | | 340 | | 364 | |
Lancaster OH Port Authority Gas Supply Revenue | | 5.000% | | 8/1/22 | | | 235 | | 258 | |
Lancaster OH Port Authority Gas Supply Revenue | | 5.000% | | 8/1/23 | | | 430 | | 485 | |
Lancaster OH Port Authority Gas Supply Revenue | | 5.000% | | 2/1/24 | | | 555 | | 632 | |
Lancaster OH Port Authority Gas Supply Revenue | | 5.000% | | 2/1/25 | | | 360 | | 419 | |
Lancaster OH Port Authority Gas Supply Revenue PUT | | 5.000% | | 2/1/25 | | | 10,500 | | 12,211 | |
Little Miami OH School District GO | | 4.000% | | 11/1/55 | | | 3,305 | | 3,447 | |
Lorain County OH Community College District General Revenue | | 5.000% | | 6/1/21 | | (Prere.) | 4,530 | | 4,849 | |
Lorain County OH Hospital Facilities Revenue (Kendal At Oberlin) | | 5.000% | | 11/15/23 | | | 1,000 | | 1,126 | |
Lorain County OH Hospital Facilities Revenue (Kendal At Oberlin) | | 5.000% | | 11/15/30 | | | 2,500 | | 2,758 | |
Lucas County OH Hospital Revenue (ProMedica Healthcare Obligated Group) | | 6.000% | | 11/15/21 | | (Prere.) | 2,540 | | 2,814 | |
Lucas County OH Hospital Revenue (ProMedica Healthcare Obligated Group) | | 6.500% | | 11/15/21 | | (Prere.) | 2,000 | | 2,239 | |
Lucas County OH Hospital Revenue (ProMedica Healthcare Obligated Group) | | 5.250% | | 11/15/48 | | | 10,750 | | 12,563 | |
Madison OH Local School District GO | | 5.250% | | 12/1/37 | | | 3,815 | | 4,204 | |
Miami County OH Hospital Facilities Revenue (Kettering Health Network) | | 5.000% | | 8/1/45 | | | 6,000 | | 6,991 | |
Miami County OH Hospital Facilities Revenue (Kettering Health Network) | | 5.000% | | 8/1/49 | | | 4,000 | | 4,639 | |
Miami Trace OH Local School District GO | | 5.000% | | 12/1/48 | | | 3,730 | | 4,300 | |
Miami Valley OH Career Technology Center GO | | 4.000% | | 12/1/33 | | | 725 | | 818 | |
Miami Valley OH Career Technology Center GO | | 4.000% | | 12/1/34 | | | 1,465 | | 1,641 | |
Miami Valley OH Career Technology Center GO | | 5.000% | | 12/1/44 | | | 4,520 | | 5,375 | |
Miamisburg OH City School District GO | | 5.000% | | 12/1/33 | | | 675 | | 794 | |
Miamisburg OH City School District GO | | 5.000% | | 12/1/36 | | | 500 | | 581 | |
Middleburg Heights OH Hospital Revenue (Southwest General) | | 5.250% | | 8/1/41 | | | 1,000 | | 1,064 | |
Middleburg Heights OH Hospital Revenue (Southwest General) | | 5.000% | | 8/1/47 | | | 5,000 | | 5,329 | |
Middletown OH City School District GO | | 5.250% | | 12/1/40 | | | 2,000 | | 2,221 | |
Middletown OH City School District GO | | 5.250% | | 12/1/48 | | | 5,870 | | 6,500 | |
Milford OH Exempt Village School District GO | | 5.000% | | 12/1/35 | | | 1,100 | | 1,280 | |
Milford OH Exempt Village School District GO | | 5.000% | | 12/1/36 | | | 1,250 | | 1,452 | |
Montgomery County OH Revenue (Catholic Health Initiatives) | | 5.250% | | 5/1/29 | | | 1,955 | | 2,256 | |
12
Ohio Long-Term Tax-Exempt Fund
| | | | | | | Face | | Market | |
| | | | Maturity | | | Amount | | Value· | |
| | Coupon | | Date | | | ($000 | ) | ($000 | ) |
Montgomery County OH Revenue (Catholic Health Initiatives) | | 6.250% | | 10/1/33 | | | 15 | | 15 | |
Montgomery County OH Revenue (Miami Valley Hospital) | | 5.750% | | 11/15/23 | | | 1,000 | | 1,053 | |
Montgomery County OH Revenue (Miami Valley Hospital) VRDO | | 2.180% | | 6/3/19 | | LOC | 10,800 | | 10,800 | |
3 Montgomery County OH Revenue (Premier Health Partners Obligated Group) TOB VRDO | | 2.280% | | 6/3/19 | | LOC | 2,000 | | 2,000 | |
North Olmsted OH School District GO | | 0.000% | | 12/1/26 | | | 1,000 | | 860 | |
North Olmsted OH School District GO | | 0.000% | | 12/1/27 | | | 1,610 | | 1,342 | |
North Olmsted OH School District GO | | 4.000% | | 12/1/41 | | | 1,310 | | 1,429 | |
North Ridgeville OH City School District GO | | 4.000% | | 12/1/44 | | | 3,000 | | 3,255 | |
North Royalton OH City School District GO | | 4.000% | | 12/1/33 | | | 1,000 | | 1,089 | |
North Royalton OH City School District GO | | 4.000% | | 12/1/34 | | | 1,500 | | 1,624 | |
North Royalton OH City School District GO | | 5.000% | | 12/1/47 | | | 6,120 | | 7,027 | |
Northeast OH Medical University Revenue | | 5.000% | | 12/1/42 | | | 475 | | 496 | |
Northeast Ohio Regional Sewer District Wastewater Revenue | | 5.000% | | 5/15/23 | | (Prere.) | 12,430 | | 14,112 | |
Northeast Ohio Regional Sewer District Wastewater Revenue | | 5.000% | | 11/15/31 | | | 2,100 | | 2,440 | |
Northeast Ohio Regional Sewer District Wastewater Revenue | | 4.000% | | 11/15/34 | | | 6,775 | | 7,615 | |
Northeast Ohio Regional Sewer District Wastewater Revenue | | 5.000% | | 11/15/39 | | | 4,340 | | 4,981 | |
Northeast Ohio Regional Sewer District Wastewater Revenue | | 5.000% | | 11/15/44 | | | 7,500 | | 8,563 | |
Northeast Ohio Regional Sewer District Wastewater Revenue | | 5.000% | | 11/15/49 | | | 2,000 | | 2,279 | |
Northeastern OH Local School District (Clark County) GO | | 4.000% | | 12/1/29 | | (4) | 785 | | 898 | |
Northeastern OH Local School District (Clark County) GO | | 4.000% | | 12/1/30 | | (4) | 865 | | 982 | |
Northeastern OH Local School District (Clark County) GO | | 4.000% | | 12/1/35 | | (4) | 1,390 | | 1,541 | |
Northeastern OH Local School District (Clark County) GO | | 4.000% | | 12/1/36 | | (4) | 1,495 | | 1,652 | |
Northeastern OH Local School District (Clark County) GO | | 4.000% | | 12/1/55 | | (4) | 1,000 | | 1,065 | |
Northwest Local School District Ohio GO | | 5.000% | | 12/1/40 | | | 1,650 | | 1,867 | |
Northwest Local School District Ohio GO | | 5.000% | | 12/1/45 | | | 3,760 | | 4,247 | |
Ohio Air Quality Development Authority Revenue (Columbus Southern Power Co. Project) | | 5.800% | | 12/1/38 | | | 2,000 | | 2,035 | |
Ohio Capital Facilities Lease-Appropriation Revenue (Administrative Building Fund Projects) | | 5.000% | | 10/1/30 | | | 1,790 | | 2,244 | |
Ohio Capital Facilities Lease-Appropriation Revenue (Administrative Building Fund Projects) | | 5.000% | | 4/1/36 | | | 2,765 | | 3,295 | |
Ohio Capital Facilities Lease-Appropriation Revenue (Parks & Recreation Improvement Fund Projects) | | 5.000% | | 2/1/30 | | | 550 | | 657 | |
Ohio Common Schools GO VRDO | | 1.360% | | 6/7/19 | | | 2,875 | | 2,875 | |
13
Ohio Long-Term Tax-Exempt Fund
| | | | | | | Face | | Market | |
| | | | Maturity | | | Amount | | Value· | |
| | Coupon | | Date | | | ($000 | ) | ($000 | ) |
Ohio Cultural & Sports Capital Facilities Lease Revenue | | 5.000% | | 4/1/26 | | | 1,000 | | 1,217 | |
Ohio Cultural & Sports Capital Facilities Lease Revenue | | 5.000% | | 10/1/26 | | | 515 | | 634 | |
Ohio Cultural & Sports Capital Facilities Lease Revenue | | 5.000% | | 4/1/27 | | | 900 | | 1,120 | |
Ohio GO | | 5.000% | | 3/15/23 | | | 8,310 | | 9,393 | |
Ohio GO | | 5.000% | | 9/1/26 | | | 2,500 | | 3,090 | |
Ohio GO | | 5.000% | | 9/15/26 | | | 1,485 | | 1,837 | |
Ohio GO | | 5.000% | | 3/15/27 | | | 6,425 | | 7,456 | |
Ohio GO | | 5.000% | | 9/1/30 | | | 5,000 | | 6,319 | |
Ohio GO | | 5.000% | | 3/1/32 | | | 1,835 | | 2,097 | |
Ohio GO | | 5.000% | | 3/15/32 | | | 1,135 | | 1,298 | |
Ohio GO | | 5.000% | | 2/1/36 | | | 4,250 | | 5,011 | |
Ohio GO | | 5.000% | | 6/15/36 | | | 2,785 | | 3,289 | |
Ohio GO | | 5.000% | | 3/15/37 | | | 9,745 | | 11,041 | |
Ohio GO VRDO | | 1.450% | | 6/7/19 | | | 5,700 | | 5,700 | |
Ohio Higher Education GO | | 5.000% | | 5/1/30 | | | 3,000 | | 3,545 | |
Ohio Higher Education GO | | 5.000% | | 5/1/32 | | | 5,000 | | 5,868 | |
Ohio Higher Education GO | | 5.000% | | 5/1/34 | | | 3,840 | | 4,485 | |
Ohio Higher Education GO | | 5.000% | | 5/1/36 | | | 4,960 | | 5,767 | |
Ohio Higher Education GO | | 5.000% | | 5/1/37 | | | 4,330 | | 5,022 | |
Ohio Higher Educational Facility Commission Revenue (Case Western Reserve University Project) | | 5.250% | | 12/1/26 | | (14) | 3,520 | | 4,420 | |
Ohio Higher Educational Facility Commission Revenue (Case Western Reserve University Project) | | 4.000% | | 12/1/33 | | | 3,000 | | 3,290 | |
Ohio Higher Educational Facility Commission Revenue (Case Western Reserve University Project) | | 5.000% | | 12/1/40 | | | 2,500 | | 2,930 | |
Ohio Higher Educational Facility Commission Revenue (Cleveland Clinic Health System Obligated Group) | | 5.000% | | 1/1/42 | | | 3,275 | | 3,593 | |
Ohio Higher Educational Facility Commission Revenue (Cleveland Clinic Health System Obligated Group) VRDO | | 2.150% | | 6/3/19 | | | 400 | | 400 | |
Ohio Higher Educational Facility Commission Revenue (Cleveland Clinic Health System Obligated Group) VRDO | | 2.180% | | 6/3/19 | | | 1,560 | | 1,560 | |
Ohio Higher Educational Facility Commission Revenue (College of Wooster) | | 5.000% | | 9/1/32 | | | 345 | | 423 | |
Ohio Higher Educational Facility Commission Revenue (College of Wooster) | | 5.000% | | 9/1/36 | | | 615 | | 743 | |
Ohio Higher Educational Facility Commission Revenue (College of Wooster) | | 5.000% | | 9/1/38 | | | 1,725 | | 2,071 | |
Ohio Higher Educational Facility Commission Revenue (College of Wooster) | | 5.000% | | 9/1/45 | | | 1,000 | | 1,190 | |
Ohio Higher Educational Facility Commission Revenue (Denison University Project) | | 5.000% | | 11/1/32 | | | 800 | | 1,008 | |
Ohio Higher Educational Facility Commission Revenue (Denison University Project) | | 5.000% | | 11/1/33 | | | 900 | | 1,130 | |
Ohio Higher Educational Facility Commission Revenue (Denison University Project) | | 5.000% | | 11/1/34 | | | 725 | | 906 | |
14
Ohio Long-Term Tax-Exempt Fund
| | | | | | | Face | | Market | |
| | | | Maturity | | | Amount | | Value· | |
| | Coupon | | Date | | | ($000 | ) | ($000 | ) |
Ohio Higher Educational Facility Commission Revenue (Denison University Project) | | 5.000% | | 11/1/42 | | | 1,900 | | 2,238 | |
Ohio Higher Educational Facility Commission Revenue (Denison University Project) | | 5.250% | | 11/1/46 | | | 1,500 | | 1,795 | |
Ohio Higher Educational Facility Commission Revenue (Franciscan University of Steubenville Project) | | 5.000% | | 11/1/31 | | | 2,040 | | 2,380 | |
Ohio Higher Educational Facility Commission Revenue (Franciscan University of Steubenville Project) | | 5.000% | | 11/1/41 | | | 4,000 | | 4,536 | |
Ohio Higher Educational Facility Commission Revenue (Kenyon College Project) | | 5.000% | | 7/1/31 | | | 300 | | 361 | |
Ohio Higher Educational Facility Commission Revenue (Kenyon College Project) | | 5.000% | | 7/1/37 | | | 5,955 | | 6,565 | |
Ohio Higher Educational Facility Commission Revenue (Oberlin College Project) | | 5.000% | | 7/1/35 | | | 850 | | 1,010 | |
Ohio Higher Educational Facility Commission Revenue (Oberlin College Project) | | 5.000% | | 10/1/42 | | | 500 | | 587 | |
Ohio Higher Educational Facility Commission Revenue (Oberlin College Project) | | 4.000% | | 7/1/47 | | | 3,725 | | 4,005 | |
Ohio Higher Educational Facility Commission Revenue (Oberlin College Project) | | 4.000% | | 10/1/47 | | | 7,000 | | 7,545 | |
Ohio Higher Educational Facility Commission Revenue (Otterbein University Project) | | 5.000% | | 12/1/26 | | | 1,360 | | 1,589 | |
Ohio Higher Educational Facility Commission Revenue (Otterbein University Project) | | 5.000% | | 12/1/27 | | | 1,430 | | 1,663 | |
Ohio Higher Educational Facility Commission Revenue (Summa Health System) | | 5.750% | | 5/15/20 | | (Prere.) | 270 | | 281 | |
Ohio Higher Educational Facility Commission Revenue (Summa Health System) | | 5.750% | | 11/15/35 | | | 1,415 | | 1,467 | |
Ohio Higher Educational Facility Commission Revenue (Summa Health System) | | 5.750% | | 11/15/40 | | | 3,260 | | 3,374 | |
Ohio Higher Educational Facility Commission Revenue (University of Dayton Project) | | 5.000% | | 12/1/29 | | | 2,575 | | 2,842 | |
Ohio Higher Educational Facility Commission Revenue (University of Dayton Project) | | 5.625% | | 12/1/41 | | | 2,015 | | 2,124 | |
Ohio Higher Educational Facility Commission Revenue (University of Dayton Project) | | 5.000% | | 12/1/44 | | | 2,000 | | 2,256 | |
Ohio Higher Educational Facility Commission Revenue (University of Dayton Project) | | 5.000% | | 12/1/48 | | | 4,000 | | 4,723 | |
Ohio Higher Educational Facility Commission Revenue (University of Findlay Project) | | 5.000% | | 3/1/44 | | | 4,000 | | 4,354 | |
Ohio Higher Educational Facility Commission Revenue (Xavier University Project) | | 5.000% | | 5/1/24 | | | 1,000 | | 1,136 | |
Ohio Higher Educational Facility Commission Revenue (Xavier University Project) | | 5.000% | | 5/1/25 | | | 1,500 | | 1,738 | |
Ohio Higher Educational Facility Commission Revenue (Xavier University Project) | | 5.000% | | 5/1/27 | | | 1,000 | | 1,154 | |
Ohio Higher Educational Facility Commission Revenue (Xavier University Project) | | 5.000% | | 5/1/32 | | | 1,000 | | 1,131 | |
Ohio Higher Educational Facility Commission Revenue (Xavier University Project) | | 5.000% | | 5/1/33 | | | 750 | | 845 | |
Ohio Hospital Revenue (Cleveland Clinic Health System Obligated Group) | | 5.000% | | 1/1/25 | | | 1,150 | | 1,360 | |
15
Ohio Long-Term Tax-Exempt Fund
| | | | | | | Face | | Market | |
| | | | Maturity | | | Amount | | Value· | |
| | Coupon | | Date | | | ($000 | ) | ($000 | ) |
Ohio Hospital Revenue (Cleveland Clinic Health System Obligated Group) | | 5.000% | | 1/1/33 | | | 5,430 | | 6,651 | |
Ohio Hospital Revenue (Cleveland Clinic Health System Obligated Group) | | 4.000% | | 1/1/34 | | | 3,605 | | 4,030 | |
Ohio Hospital Revenue (Cleveland Clinic Health System Obligated Group) | | 4.000% | | 1/1/39 | | | 3,000 | | 3,295 | |
Ohio Hospital Revenue (Cleveland Clinic Health System Obligated Group) | | 4.000% | | 1/1/40 | | | 2,000 | | 2,206 | |
Ohio Hospital Revenue (Cleveland Clinic Health System Obligated Group) | | 4.000% | | 1/1/41 | | | 2,000 | | 2,200 | |
Ohio Hospital Revenue (Cleveland Clinic Health System Obligated Group) | | 4.000% | | 1/1/42 | | | 2,000 | | 2,196 | |
Ohio Hospital Revenue (Cleveland Clinic Health System Obligated Group) | | 4.000% | | 1/1/43 | | | 6,000 | | 6,542 | |
Ohio Hospital Revenue (Cleveland Clinic Health System Obligated Group) | | 4.000% | | 1/1/43 | | | 2,000 | | 2,194 | |
Ohio Hospital Revenue (Cleveland Clinic Health System Obligated Group) | | 3.550% | | 1/1/46 | | | 3,000 | | 3,095 | |
Ohio Hospital Revenue (Cleveland Clinic Health System Obligated Group) | | 4.000% | | 1/1/46 | | | 10,000 | | 10,935 | |
Ohio Hospital Revenue (University Hospitals Health System Inc.) | | 5.000% | | 1/15/29 | | | 35 | | 41 | |
Ohio Hospital Revenue (University Hospitals Health System Inc.) | | 5.000% | | 1/15/41 | | | 6,015 | | 6,345 | |
Ohio Hospital Revenue (University Hospitals Health System Inc.) | | 4.000% | | 1/15/46 | | | 40 | | 42 | |
Ohio Housing Finance Agency Multifamily Housing Revenue (Neilan Park Apartments Project) PUT | | 1.750% | | 6/1/21 | | | 1,055 | | 1,056 | |
Ohio Housing Finance Agency Residential Mortgage Revenue | | 4.100% | | 3/1/42 | | | 1,030 | | 1,077 | |
Ohio Housing Finance Agency Residential Mortgage Revenue | | 4.000% | | 9/1/48 | | | 2,335 | | 2,493 | |
Ohio Housing Finance Agency Residential Mortgage Revenue | | 4.000% | | 3/1/49 | | | 4,000 | | 4,234 | |
Ohio Juvenile Correctional Capital Facilities Revenue | | 5.000% | | 4/1/29 | | | 1,655 | | 2,077 | |
Ohio Juvenile Correctional Capital Facilities Revenue | | 5.000% | | 4/1/30 | | | 1,740 | | 2,167 | |
Ohio Juvenile Correctional Capital Facilities Revenue | | 5.000% | | 4/1/33 | | | 3,205 | | 3,930 | |
Ohio Major New State Infrastructure Project Revenue | | 5.000% | | 12/15/27 | | | 3,850 | | 4,857 | |
Ohio Major New State Infrastructure Project Revenue | | 5.000% | | 12/15/27 | | | 3,410 | | 4,154 | |
Ohio Major New State Infrastructure Project Revenue | | 5.000% | | 12/15/28 | | | 1,855 | | 2,255 | |
Ohio Major New State Infrastructure Project Revenue | | 5.000% | | 12/15/29 | | | 6,210 | | 7,510 | |
Ohio Parks & Recreation Capital Facilities Revenue | | 5.000% | | 12/1/29 | | | 1,095 | | 1,362 | |
Ohio Parks & Recreation Capital Facilities Revenue | | 5.000% | | 2/1/30 | | | 3,615 | | 4,225 | |
16
Ohio Long-Term Tax-Exempt Fund
| | | | | | | Face | | Market | |
| | | | Maturity | | | Amount | | Value· | |
| | Coupon | | Date | | | ($000 | ) | ($000 | ) |
Ohio Revenue (Transportation Building Fund Projects) | | 5.000% | | 4/1/29 | | | 1,500 | | 1,883 | |
Ohio Special Obligation Revenue | | 5.000% | | 12/1/31 | | | 4,065 | | 4,922 | |
Ohio State University General Receipts Revenue | | 5.000% | | 6/1/38 | | | 8,045 | | 8,944 | |
Ohio State University General Receipts Revenue | | 5.000% | | 12/1/39 | | | 5,250 | | 6,034 | |
Ohio State University General Receipts Revenue VRDO | | 1.300% | | 6/7/19 | | | 1,855 | | 1,855 | |
Ohio State University General Receipts Revenue VRDO | | 1.350% | | 6/7/19 | | | 600 | | 600 | |
Ohio State University General Receipts Revenue VRDO | | 1.360% | | 6/7/19 | | | 17,090 | | 17,090 | |
Ohio Transportation Project Revenue | | 3.125% | | 11/15/34 | | | 435 | | 445 | |
Ohio Transportation Project Revenue | | 3.375% | | 11/15/39 | | | 2,020 | | 2,069 | |
Ohio Turnpike Commission Turnpike Revenue | | 5.000% | | 2/15/25 | | | 4,500 | | 5,045 | |
Ohio Turnpike Commission Turnpike Revenue | | 4.000% | | 2/15/32 | | | 6,000 | | 6,664 | |
Ohio Turnpike Commission Turnpike Revenue | | 0.000% | | 2/15/37 | | | 6,095 | | 3,567 | |
Ohio Turnpike Commission Turnpike Revenue | | 4.000% | | 2/15/37 | | | 1,840 | | 2,024 | |
Ohio Turnpike Commission Turnpike Revenue | | 0.000% | | 2/15/38 | | | 4,500 | | 2,532 | |
Ohio Turnpike Commission Turnpike Revenue | | 5.250% | | 2/15/39 | | | 4,050 | | 4,516 | |
Ohio Turnpike Commission Turnpike Revenue | | 0.000% | | 2/15/40 | | | 2,500 | | 1,292 | |
Ohio Turnpike Commission Turnpike Revenue | | 0.000% | | 2/15/41 | | | 2,500 | | 1,240 | |
Ohio Turnpike Commission Turnpike Revenue | | 5.000% | | 2/15/48 | | | 12,000 | | 13,118 | |
Ohio University General Receipts Revenue | | 5.000% | | 12/1/39 | | | 2,000 | | 2,185 | |
Ohio University General Receipts Revenue | | 5.000% | | 12/1/42 | | | 1,450 | | 1,563 | |
Ohio University General Receipts Revenue | | 5.000% | | 12/1/44 | | | 1,605 | | 1,878 | |
Ohio University General Receipts Revenue | | 5.000% | | 12/1/45 | | | 5,000 | | 5,847 | |
Ohio Water Development Authority Drinking Water Assistance Fund Revenue | | 5.000% | | 12/1/28 | | | 2,320 | | 2,879 | |
Ohio Water Development Authority Drinking Water Assistance Fund Revenue | | 4.000% | | 12/1/30 | | | 5,900 | | 6,740 | |
Ohio Water Development Authority Drinking Water Assistance Fund Revenue | | 4.000% | | 12/1/33 | | | 6,000 | | 6,698 | |
Ohio Water Development Authority Drinking Water Assistance Fund Revenue | | 5.000% | | 12/1/37 | | | 2,550 | | 3,060 | |
Ohio Water Development Authority Fresh Water Revenue | | 4.000% | | 6/1/36 | | | 3,000 | | 3,294 | |
Ohio Water Development Authority Water Pollution Control Loan Fund Revenue | | 5.000% | | 6/1/29 | | | 1,920 | | 2,483 | |
Ohio Water Development Authority Water Pollution Control Loan Fund Revenue | | 5.000% | | 6/1/29 | | | 5,010 | | 6,267 | |
Ohio Water Development Authority Water Pollution Control Loan Fund Revenue | | 5.000% | | 6/1/30 | | | 9,045 | | 11,224 | |
Ohio Water Development Authority Water Pollution Control Loan Fund Revenue | | 5.000% | | 12/1/31 | | | 1,025 | | 1,263 | |
Olentangy OH Local School District GO | | 4.000% | | 12/1/33 | | | 1,300 | | 1,464 | |
Olentangy OH Local School District GO | | 4.000% | | 12/1/34 | | | 500 | | 561 | |
Princeton OH City School District GO | | 5.000% | | 12/1/36 | | | 1,500 | | 1,733 | |
Reynoldsburg OH GO | | 3.550% | | 12/1/42 | | | 800 | | 830 | |
Reynoldsburg OH GO | | 3.600% | | 12/1/48 | | | 700 | | 727 | |
Rossford OH Exempted Village School District GO | | 4.000% | | 12/1/53 | | | 2,180 | | 2,311 | |
Sandusky OH School District GO | | 5.000% | | 11/1/47 | | | 2,290 | | 2,474 | |
17
Ohio Long-Term Tax-Exempt Fund
| | | | | | | Face | | Market | |
| | | | Maturity | | | Amount | | Value· | |
| | Coupon | | Date | | | ($000 | ) | ($000 | ) |
South-Western City OH School District GO | | 5.000% | | 12/1/36 | | | 335 | | 365 | |
Southwest Licking OH Local School District School Facilities Construction & Improvement GO | | 4.000% | | 11/1/34 | | | 500 | | 557 | |
Southwest Licking OH Local School District School Facilities Construction & Improvement GO | | 4.000% | | 11/1/42 | | | 1,650 | | 1,799 | |
Southwest OH Local School District (Hamilton County) GO | | 5.000% | | 1/15/30 | | | 1,295 | | 1,606 | |
Southwest OH Local School District (Hamilton County) GO | | 4.000% | | 1/15/55 | | | 3,400 | | 3,591 | |
Toledo OH City School District GO | | 5.000% | | 12/1/28 | | | 4,730 | | 5,386 | |
Toledo OH Waterworks Revenue | | 5.000% | | 11/15/29 | | | 2,205 | | 2,668 | |
Toledo OH Waterworks Revenue | | 5.000% | | 11/15/37 | | | 3,125 | | 3,669 | |
Toledo OH Waterworks Revenue | | 5.000% | | 11/15/38 | | | 4,000 | | 4,417 | |
Toledo-Lucas County OH Port Authority Student Housing Revenue (CHF-Toledo, LLC - The University of Toledo Project) | | 5.000% | | 7/1/34 | | | 1,000 | | 1,053 | |
Toledo-Lucas County OH Port Authority Student Housing Revenue (CHF-Toledo, LLC - The University of Toledo Project) | | 5.000% | | 7/1/39 | | | 1,000 | | 1,047 | |
Tri Valley OH Local School District GO | | 5.500% | | 12/1/19 | | (14) | 660 | | 672 | |
Union County OH Memorial Hospital Revenue | | 5.000% | | 12/1/26 | | | 200 | | 245 | |
Union County OH Memorial Hospital Revenue | | 5.000% | | 12/1/27 | | | 215 | | 264 | |
Union County OH Memorial Hospital Revenue | | 5.000% | | 12/1/28 | | | 530 | | 649 | |
Union County OH Memorial Hospital Revenue | | 5.000% | | 12/1/37 | | | 950 | | 1,118 | |
Union County OH Memorial Hospital Revenue | | 5.000% | | 12/1/38 | | | 600 | | 704 | |
Union County OH Memorial Hospital Revenue | | 5.000% | | 12/1/47 | | | 2,500 | | 2,912 | |
University of Akron OH General Receipts Revenue | | 5.000% | | 1/1/28 | | | 15 | | 17 | |
University of Akron OH General Receipts Revenue | | 5.000% | | 1/1/30 | | | 10 | | 12 | |
University of Akron OH General Receipts Revenue | | 5.000% | | 1/1/33 | | | 2,975 | | 3,341 | |
University of Cincinnati OH General Receipts Revenue | | 5.000% | | 6/1/36 | | | 805 | | 976 | |
University of Cincinnati OH General Receipts Revenue | | 5.000% | | 6/1/46 | | | 3,795 | | 4,384 | |
University of Cincinnati OH General Receipts Revenue | | 5.000% | | 6/1/47 | | | 3,700 | | 4,333 | |
University of Toledo OH Revenue | | 5.000% | | 6/1/27 | | | 100 | | 124 | |
Upper Arlington OH School District GO | | 4.000% | | 12/1/35 | | | 1,795 | | 2,003 | |
Upper Arlington OH School District GO | | 4.000% | | 12/1/36 | | | 1,750 | | 1,946 | |
Warren County OH Health Care Facilities Improvement Revenue (Otterbein Homes Project) | | 5.000% | | 7/1/31 | | | 870 | | 970 | |
Warren County OH Health Care Facilities Improvement Revenue (Otterbein Homes Project) | | 5.750% | | 7/1/33 | | | 600 | | 683 | |
Warren County OH Health Care Facilities Improvement Revenue (Otterbein Homes Project) | | 5.000% | | 7/1/39 | | | 1,045 | | 1,142 | |
18
Ohio Long-Term Tax-Exempt Fund
| | | | | | | Face | | Market | |
| | | | Maturity | | | Amount | | Value· | |
| | Coupon | | Date | | | ($000 | ) | ($000 | ) |
Warren County OH Health Care Facilities Improvement Revenue (Otterbein Homes Project) | | 5.500% | | 7/1/39 | | | 1,225 | | 1,361 | |
Warren County OH Health Care Facilities Improvement Revenue (Otterbein Homes Project) | | 4.000% | | 7/1/44 | | | 30 | | 31 | |
Westerville OH School District COP | | 5.000% | | 12/1/41 | | | 2,100 | | 2,483 | |
Westlake OH Special Obligation Revenue (American Greetings/Crocker Park Public Improvement Project) | | 5.000% | | 12/1/30 | | | 1,350 | | 1,587 | |
Westlake OH Special Obligation Revenue (American Greetings/Crocker Park Public Improvement Project) | | 5.000% | | 12/1/32 | | | 1,395 | | 1,637 | |
Winton Woods City OH School District GO | | 0.000% | | 11/1/29 | | | 885 | | 683 | |
Winton Woods City OH School District GO | | 0.000% | | 11/1/30 | | | 1,005 | | 748 | |
Winton Woods City OH School District GO | | 0.000% | | 11/1/31 | | | 1,020 | | 727 | |
Winton Woods City OH School District GO | | 0.000% | | 11/1/32 | | | 1,140 | | 783 | |
Woodridge OH School District GO | | 5.000% | | 12/1/46 | | | 3,605 | | 4,026 | |
Worthington OH City School District GO | | 3.750% | | 12/1/48 | | | 3,515 | | 3,716 | |
Wright State University Ohio General Revenue | | 5.000% | | 5/1/26 | | | 3,030 | | 3,185 | |
Wright State University Ohio General Revenue | | 5.000% | | 5/1/31 | | | 4,350 | | 4,551 | |
| | | | | | | | | 1,298,313 | |
Guam (0.2%) | | | | | | | | | | |
Guam Government Waterworks Authority | | | | | | | | | | |
Water & Waste Water System Revenue | | 5.500% | | 7/1/43 | | | 2,300 | | 2,512 | |
| | | | | | | | | | |
Puerto Rico (0.0%) | | | | | | | | | | |
Puerto Rico Sales Tax Financing Corp. Revenue | | 0.000% | | 7/1/24 | | | 8 | | 7 | |
Puerto Rico Sales Tax Financing Corp. Revenue | | 0.000% | | 7/1/27 | | | 81 | | 61 | |
| | | | | | | | | 68 | |
Total Tax-Exempt Municipal Bonds (Cost $1,236,988) | | | | | | | | | 1,300,893 | |
19
Ohio Long-Term Tax-Exempt Fund
| | Amount | |
| | ($000 | ) |
Other Assets and Liabilities (0.1%) | | | |
Other Assets | | | |
Investment in Vanguard | | 62 | |
Receivables for Investment Securities Sold | | 300 | |
Receivables for Accrued Income | | 16,550 | |
Receivables for Capital Shares Issued | | 816 | |
Variation Margin Receivable—Futures Contracts | | 222 | |
Other Assets | | 228 | |
Total Other Assets | | 18,178 | |
Liabilities | | | |
Payables for Investment Securities Purchased | | (14,504 | ) |
Payables for Capital Shares Redeemed | | (837 | ) |
Payables for Distributions | | (971 | ) |
Payables to Vanguard | | (775 | ) |
Variation Margin Payable—Futures Contracts | | (222 | ) |
Total Liabilities | | (17,309 | ) |
Net Assets (100%) | | | |
Applicable to 102,066,511 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | | 1,301,762 | |
Net Asset Value Per Share | | $12.75 | |
| | | |
| | | |
At May 31, 2019, net assets consisted of: | | | |
| | Amount | |
| | ($000 | ) |
Paid-in Capital | | 1,235,028 | |
Total Distributable Earnings (Loss) | | 66,734 | |
Net Assets | | 1,301,762 | |
· See Note A in Notes to Financial Statements.
1 Security purchased on a when-issued or delayed-delivery basis for which the fund has not taken delivery as of May 31, 2019.
2 Securities with a value of $582,000 have been segregated as initial margin for open futures contracts.
3 Security exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be sold in transactions exempt from registration, normally to qualified institutional buyers. At May 31, 2019, the aggregate value of these securities was $3,180,000, representing 0.2% of net assets.
A key to abbreviations and other references follows the Statement of Net Assets.
See accompanying Notes, which are an integral part of the Financial Statements.
20
Ohio Long-Term Tax-Exempt Fund
Key to Abbreviations
ARS—Auction Rate Security.
BAN—Bond Anticipation Note.
CMT—Constant Maturing Treasury Rate.
COP—Certificate of Participation.
CP—Commercial Paper.
FR—Floating Rate.
GAN—Grant Anticipation Note.
GO—General Obligation Bond.
LIBOR—London Interbank Offered Rate.
PILOT—Payments in Lieu of Taxes.
PUT—Put Option Obligation.
RAN—Revenue Anticipation Note.
SIFMA—Securities Industry and Financial Markets Association.
TAN—Tax Anticipation Note.
TOB—Tender Option Bond.
TRAN—Tax Revenue Anticipation Note.
VRDO—Variable Rate Demand Obligation.
VRDP—Variable Rate Demand Preferred.
(ETM)—Escrowed to Maturity.
(Prere.)—Prerefunded.
Scheduled principal and interest payments are guaranteed by:
(1) MBIA (Municipal Bond Investors Assurance).
(2) AMBAC (Ambac Assurance Corporation).
(3) FGIC (Financial Guaranty Insurance Company).
(4) AGM (Assured Guaranty Municipal Corporation).
(5) BIGI (Bond Investors Guaranty Insurance).
(6) Connie Lee Inc.
(7) FHA (Federal Housing Authority).
(8) CapMAC (Capital Markets Assurance Corporation).
(9) American Capital Access Financial Guaranty Corporation.
(10) XL Capital Assurance Inc.
(11) CIFG (CDC IXIS Financial Guaranty).
(12) AGC (Assured Guaranty Corporation).
(13) BHAC (Berkshire Hathaway Assurance Corporation).
(14) NPFG (National Public Finance Guarantee Corporation).
(15) BAM (Build America Mutual Assurance Company).
(16) MAC (Municipal Assurance Corporation).
(17) RAA (Radian Asset Assurance Inc.).
(18) SBLF (Michigan School Bond Loan Fund).
(19) TPSF (Texas Permanent School Fund).
The insurance does not guarantee the market value of the municipal bonds.
LOC—Scheduled principal and interest payments are guaranteed by bank letter of credit.
21
Ohio Long-Term Tax-Exempt Fund
Derivative Financial Instruments Outstanding as of Period End |
|
Futures Contracts |
| | | | ($000) |
| Expiration | Number of Long (Short) Contracts | Notional Amount | Value and Unrealized Appreciation (Depreciation) |
Long Futures Contracts | | | | |
2-Year U.S. Treasury Note | September 2019 | 411 | 88,230 | 430 |
| | | | |
Short Futures Contracts | | | | |
5-Year U.S. Treasury Note | September 2019 | (199) | (23,356) | (128) |
10-Year U.S. Treasury Note | September 2019 | (105) | (13,309) | (129) |
30-Year U.S. Treasury Bond | September 2019 | (24) | (3,689) | (111) |
Ultra Long U.S. Treasury Bond | September 2019 | (9) | (1,582) | (40) |
| | | | (408) |
| | | | 22 |
See accompanying Notes, which are an integral part of the Financial Statements.
22
Ohio Long-Term Tax-Exempt Fund
Statement of Operations
| | Six Months Ended | |
| | May 31, 2019 | |
| | ($000 | ) |
Investment Income | | | |
Income | | | |
Interest | | 20,378 | |
Total Income | | 20,378 | |
Expenses | | | |
The Vanguard Group—Note B | | | |
Investment Advisory Services | | 89 | |
Management and Administrative | | 639 | |
Marketing and Distribution | | 59 | |
Custodian Fees | | 3 | |
Shareholders’ Reports | | 6 | |
Trustees’ Fees and Expenses | | — | |
Total Expenses | | 796 | |
Net Investment Income | | 19,582 | |
Realized Net Gain (Loss) | | | |
Investment Securities Sold | | 3,772 | |
Futures Contracts | | (656 | ) |
Realized Net Gain (Loss) | | 3,116 | |
Change in Unrealized Appreciation (Depreciation) | | | |
Investment Securities | | 55,782 | |
Futures Contracts | | 6 | |
Change in Unrealized Appreciation (Depreciation) | | 55,788 | |
Net Increase (Decrease) in Net Assets Resulting from Operations | | 78,486 | |
See accompanying Notes, which are an integral part of the Financial Statements.
23
Ohio Long-Term Tax-Exempt Fund
Statement of Changes in Net Assets
| | Six Months Ended | | Year Ended | |
| | May 31, | | November 30, | |
| | 2019 | | 2018 | |
| | ($000 | ) | ($000 | ) |
Increase (Decrease) in Net Assets | | | | | |
Operations | | | | | |
Net Investment Income | | 19,582 | | 38,868 | |
Realized Net Gain (Loss) | | 3,116 | | 3,540 | |
Change in Unrealized Appreciation (Depreciation) | | 55,788 | | (33,432 | ) |
Net Increase (Decrease) in Net Assets Resulting from Operations | | 78,486 | | 8,976 | |
Distributions | | | | | |
Net Investment Income | | (19,582 | ) | (38,869 | ) |
Realized Capital Gain1 | | (2,850 | ) | (6,278 | ) |
Total Distributions | | (22,432 | ) | (45,147 | ) |
Capital Share Transactions | | | | | |
Issued | | 137,103 | | 170,301 | |
Issued in Lieu of Cash Distributions | | 15,982 | | 32,504 | |
Redeemed | | (75,320 | ) | (193,510 | ) |
Net Increase (Decrease) from Capital Share Transactions | | 77,765 | | 9,295 | |
Total Increase (Decrease) | | 133,819 | | (26,876 | ) |
Net Assets | | | | | |
Beginning of Period | | 1,167,943 | | 1,194,819 | |
End of Period | | 1,301,762 | | 1,167,943 | |
1 Includes fiscal 2019 and 2018 short-term gain distributions totaling $0 and $19,000, respectively. Short-term gain distributions are treated as ordinary income dividends for tax purposes.
See accompanying Notes, which are an integral part of the Financial Statements.
24
Ohio Long-Term Tax-Exempt Fund
Financial Highlights
For a Share Outstanding | | Six Months Ended May 31, | | Year Ended November 30, | |
Throughout Each Period | | 2019 | | 2018 | | 2017 | | 2016 | | 2015 | | 2014 | |
Net Asset Value, Beginning of Period | | $12.19 | | $12.56 | | $12.23 | | $12.62 | | $12.63 | | $11.93 | |
Investment Operations | | | | | | | | | | | | | |
Net Investment Income | | .199 | 1 | .402 | 1 | .401 | 1 | .408 | | .427 | | .444 | |
Net Realized and Unrealized Gain (Loss) on Investments | | .590 | | (.304 | ) | .385 | | (.331 | ) | .055 | | .749 | |
Total from Investment Operations | | .789 | | .098 | | .786 | | .077 | | .482 | | 1.193 | |
Distributions | | | | | | | | | | | | | |
Dividends from Net Investment Income | | (.199 | ) | (.402 | ) | (.401 | ) | (.408 | ) | (.427 | ) | (.444 | ) |
Distributions from Realized Capital Gains | | (.030 | ) | (.066 | ) | (.055 | ) | (.059 | ) | (.065 | ) | (.049 | ) |
Total Distributions | | (.229 | ) | (.468 | ) | (.456 | ) | (.467 | ) | (.492 | ) | (.493 | ) |
Net Asset Value, End of Period | | $12.75 | | $12.19 | | $12.56 | | $12.23 | | $12.62 | | $12.63 | |
Total Return2 | | 6.52% | | 0.79% | | 6.52% | | 0.51% | | 3.90% | | 10.19% | |
Ratios/Supplemental Data | | | | | | | | | | | | | |
Net Assets, End of Period (Millions) | | $1,302 | | $1,168 | | $1,195 | | $1,131 | | $1,019 | | $965 | |
Ratio of Total Expenses to Average Net Assets | | 0.13% | | 0.13% | | 0.15% | | 0.15% | | 0.16% | | 0.16% | |
Ratio of Net Investment Income to Average Net Assets | | 3.20% | | 3.26% | | 3.20% | | 3.17% | | 3.39% | | 3.60% | |
Portfolio Turnover Rate | | 28% | | 39% | | 34% | | 15% | | 21% | | 23% | |
The expense ratio, net investment income ratio, and turnover rate for the current period have been annualized.
1 Calculated based on average shares outstanding.
2 Total returns do not include account service fees that may have applied in the periods shown. Fund prospectuses provide information about any applicable account service fees.
See accompanying Notes, which are an integral part of the Financial Statements.
25
Ohio Long-Term Tax-Exempt Fund
Notes to Financial Statements
Vanguard Ohio Long-Term Tax-Exempt Fund is registered under the Investment Company Act of 1940 as an open-end investment company, or mutual fund. The fund invests in debt instruments of municipal issuers whose ability to meet their obligations may be affected by economic and political developments in the state.
A. The following significant accounting policies conform to generally accepted accounting principles for U.S. investment companies. The fund consistently follows such policies in preparing its financial statements.
1. Security Valuation: Securities are valued as of the close of trading on the New York Stock Exchange (generally 4 p.m., Eastern time) on the valuation date. Bonds and temporary cash investments are valued using the latest bid prices or using valuations based on a matrix system (which considers such factors as security prices, yields, maturities, and ratings), both as furnished by independent pricing services. Securities for which market quotations are not readily available, or whose values have been affected by events occurring before the fund’s pricing time but after the close of the securities’ primary markets, are valued by methods deemed by the board of trustees to represent fair value.
2. Futures Contracts: The fund uses futures contracts to invest in fixed income asset classes with greater efficiency and lower cost than is possible through direct investment, to add value when these instruments are attractively priced, or to adjust sensitivity to changes in interest rates. The primary risks associated with the use of futures contracts are imperfect correlation between changes in market values of bonds held by the fund and the prices of futures contracts, and the possibility of an illiquid market. Counterparty risk involving futures is mitigated because a regulated clearinghouse is the counterparty instead of the clearing broker. To further mitigate counterparty risk, the fund trades futures contracts on an exchange, monitors the financial strength of its clearing brokers and clearinghouse, and has entered into clearing agreements with its clearing brokers. The clearinghouse imposes initial margin requirements to secure the fund’s performance and requires daily settlement of variation margin representing changes in the market value of each contract. Any assets pledged as initial margin for open contracts are noted in the Statement of Net Assets.
Futures contracts are valued at their quoted daily settlement prices. The notional amounts of the contracts are not recorded in the Statement of Net Assets. Fluctuations in the value of the contracts are recorded in the Statement of Net Assets as an asset (liability) and in the Statement of Operations as unrealized appreciation (depreciation) until the contracts are closed, when they are recorded as realized futures gains (losses).
During the six months ended May 31, 2019, the fund’s average investments in long and short futures contracts represented 6% and 3% of net assets, respectively, based on the average of the notional amounts at each quarter-end during the period.
3. Federal Income Taxes: The fund intends to continue to qualify as a regulated investment company and distribute all of its income. Management has analyzed the fund’s tax positions taken for all open federal income tax years (November 30, 2015–2018), and for the period ended May 31, 2019, and has concluded that no provision for federal income tax is required in the fund’s financial statements.
4. Distributions: Distributions from net investment income are declared daily and paid on the first business day of the following month. Annual distributions from realized capital gains, if any, are recorded on the ex-dividend date. Distributions are determined on a tax basis and may differ from net investment income and realized capital gains for financial reporting purposes.
26
Ohio Long-Term Tax-Exempt Fund
5. Credit Facility: The fund and certain other funds managed by The Vanguard Group (“Vanguard”) participate in a $4.3 billion committed credit facility provided by a syndicate of lenders pursuant to a credit agreement that may be renewed annually; each fund is individually liable for its borrowings, if any, under the credit facility. Borrowings may be utilized for temporary and emergency purposes, and are subject to the fund’s regulatory and contractual borrowing restrictions. The participating funds are charged administrative fees and an annual commitment fee of 0.10% of the undrawn amount of the facility; these fees are allocated to the funds based on a method approved by the fund’s board of trustees and included in Management and Administrative expenses on the fund’s Statement of Operations. Any borrowings under this facility bear interest at a rate based upon the higher of the one-month London Interbank Offered Rate, federal funds effective rate, or overnight bank funding rate plus an agreed-upon spread.
The fund had no borrowings outstanding at May 31, 2019, or at any time during the period then ended.
6. Other: Interest income is accrued daily. Premiums and discounts on debt securities purchased are amortized and accreted, respectively, to interest income over the lives of the respective securities. Security transactions are accounted for on the date securities are bought or sold. Costs used to determine realized gains (losses) on the sale of investment securities are those of the specific securities sold.
B. In accordance with the terms of a Funds’ Service Agreement (the “FSA”) between Vanguard and the fund, Vanguard furnishes to the fund investment advisory, corporate management, administrative, marketing, and distribution services at Vanguard’s cost of operations (as defined by the FSA). These costs of operations are allocated to the fund based on methods and guidelines approved by the board of trustees. Vanguard does not require reimbursement in the current period for certain costs of operations (such as deferred compensation/benefits and risk/insurance costs); the fund’s liability for these costs of operations is included in Payables to Vanguard on the Statement of Net Assets. All other costs of operations payable to Vanguard are generally settled twice a month.
Upon the request of Vanguard, the fund may invest up to 0.40% of its net assets as capital in Vanguard. At May 31, 2019, the fund had contributed to Vanguard capital in the amount of $62,000, representing 0.00% of the fund’s net assets and 0.02% of Vanguard’s capitalization. The fund’s trustees and officers are also directors and employees, respectively, of Vanguard.
C. Various inputs may be used to determine the value of the fund’s investments. These inputs are summarized in three broad levels for financial statement purposes. The inputs or methodologies used to value securities are not necessarily an indication of the risk associated with investing in those securities.
Level 1—Quoted prices in active markets for identical securities.
Level 2—Other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).
Level 3—Significant unobservable inputs (including the fund’s own assumptions used to determine the fair value of investments). Any investments valued with significant unobservable inputs are noted on the Statement of Net Assets.
27
Ohio Long-Term Tax-Exempt Fund
The following table summarizes the market value of the fund’s investments as of May 31, 2019, based on the inputs used to value them:
| | Level 1 | | Level 2 | | Level 3 | |
Investments | | ($000 | ) | ($000 | ) | ($000 | ) |
Tax-Exempt Municipal Bonds | | — | | 1,300,893 | | — | |
Futures Contracts—Assets1 | | 222 | | — | | — | |
Futures Contracts—Liabilities1 | | (222 | ) | — | | — | |
Total | | — | | 1,300,893 | | — | |
1 Represents variation margin on the last day of the reporting period.
D. As of May 31, 2019, gross unrealized appreciation and depreciation for investments and derivatives based on cost for U.S. federal income tax purposes were as follows:
| | Amount | |
| | ($000 | ) |
Tax Cost | | 1,237,279 | |
Gross Unrealized Appreciation | | 64,094 | |
Gross Unrealized Depreciation | | (458 | ) |
Net Unrealized Appreciation (Depreciation) | | 63,636 | |
E. During the six months ended May 31, 2019, the fund purchased $247,945,000 of investment securities and sold $167,578,000 of investment securities, other than temporary cash investments.
The fund purchased securities from and sold securities to other Vanguard funds or accounts managed by Vanguard or its affiliates, in accordance with procedures adopted by the board of trustees in compliance with Rule 17a-7 of the Investment Company Act of 1940. For the six months ended May 31, 2019, such purchases and sales were $97,252,000 and $136,132,000, respectively; these amounts are included in the purchases and sales of investment securities noted above.
F. Capital shares issued and redeemed were:
| | Six Months Ended | | Year Ended | |
| | May 31, 2019 | | November 30, 2018 | |
| | Shares | | Shares | |
| | (000 | ) | (000 | ) |
Issued | | 11,021 | | 13,785 | |
Issued in Lieu of Cash Distributions | | 1,282 | | 2,631 | |
Redeemed | | (6,063 | ) | (15,739 | ) |
Net Increase (Decrease) in Shares Outstanding | | 6,240 | | 677 | |
G. Management has determined that no events or transactions occurred subsequent to May 31, 2019, that would require recognition or disclosure in these financial statements.
28
Trustees Approve Advisory Arrangement
The board of trustees of Vanguard Ohio Long-Term Tax-Exempt Fund has renewed the fund’s investment advisory arrangement with The Vanguard Group, Inc. (Vanguard), through its Fixed Income Group. The board determined that continuing the fund’s internalized management structure was in the best interests of the fund and its shareholders.
The board based its decision upon an evaluation of the advisor’s investment staff, portfolio management process, and performance. This evaluation included information provided to the board by Vanguard’s Portfolio Review Department, which is responsible for fund and advisor oversight and product management. The Portfolio Review Department met regularly with the advisor and made monthly presentations to the board during the fiscal year that directed the board’s focus to relevant information and topics.
The board, or an investment committee made up of board members, also received information throughout the year during advisor presentations. For each advisor presentation, the board was provided with letters and reports that included information about, among other things, the advisory firm and the advisor’s assessment of the investment environment, portfolio performance, and portfolio characteristics.
In addition, the board received monthly reports, which included a Market and Economic Report, a Fund Dashboard Monthly Summary, and a Fund Performance Report.
Prior to their meeting, the trustees were provided with a memo and materials that summarized the information they received over the course of the year. They also considered the factors discussed below, among others. However, no single factor determined whether the board approved the arrangement. Rather, it was the totality of the circumstances that drove the board’s decision.
Nature, extent, and quality of services
The board reviewed the quality of the fund’s investment management services over both the short and long term, and took into account the organizational depth and stability of the advisor. The board considered that Vanguard has been managing investments for more than four decades. The Fixed Income Group adheres to a sound, disciplined investment management process; the team has considerable experience, stability, and depth.
The board concluded that Vanguard’s experience, stability, depth, and performance, among other factors, warranted continuation of the advisory arrangement.
Investment performance
The board considered the short- and long-term performance of the fund, including any periods of outperformance or underperformance compared with a relevant benchmark index and peer group. The board concluded that the performance was such that the advisory arrangement should continue.
Cost
The board concluded that the fund’s expense ratio was well below the average expense ratio charged by funds in its peer group and that the fund’s advisory expenses were also well below the peer-group average.
29
The board does not conduct a profitability analysis of Vanguard because of Vanguard’s unique structure. Unlike most other mutual fund management companies, Vanguard is owned by the funds it oversees.
The benefit of economies of scale
The board concluded that the fund’s arrangement with Vanguard ensures that the fund will realize economies of scale as it grows, with the cost to shareholders declining as fund assets increase.
The board will consider whether to renew the advisory arrangement again after a one-year period.
30
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| 
|
| |
| P.O. Box 2600 |
| Valley Forge, PA 19482-2600 |
Connect with Vanguard® > vanguard.com
Fund Information > 800-662-7447
Direct Investor Account Services > 800-662-2739
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Who Are Deaf or Hard of Hearing > 800-749-7273
This material may be used in conjunction with the offering of shares of any Vanguard fund only if preceded or accompanied by the fund’s current prospectus.
You can obtain a free copy of Vanguard’s proxy voting guidelines by visiting vanguard.com/proxyreporting or by calling Vanguard at 800-662-2739. The guidelines are also available from the SEC’s website, sec.gov. In addition, you may obtain a free report on how your fund voted the proxies for securities it owned during the 12 months ended June 30. To get the report, visit either vanguard.com/proxyreporting or sec.gov.
You can review information about your fund on the SEC’s website, and you can receive copies of this information, for a fee, by sending a request via email addressed to publicinfo@sec.gov.
| © 2019 The Vanguard Group, Inc. |
| All rights reserved. |
| Vanguard Marketing Corporation, Distributor. |
| |
| Q962 072019 |
Item 2: Code of Ethics.
Not applicable.
Item 3: Audit Committee Financial Expert.
Not applicable.
Item 4: Principal Accountant Fees and Services.
(a) Audit Fees.
Not applicable.
Item 5: Audit Committee of Listed Registrants.
Not applicable.
Item 6: Investments.
Not applicable.
Item 7: Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.
Not applicable.
Item 8: Portfolio Managers of Closed-End Management Investment Companies.
Not applicable.
Item 9: Purchase of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.
Not applicable.
Item 10: Submission of Matters to a Vote of Security Holders.
Not applicable.
Item 11: Controls and Procedures.
(a) Disclosure Controls and Procedures. The Principal Executive and Financial Officers concluded that the Registrant’s Disclosure Controls and Procedures are effective based on their evaluation of the Disclosure Controls and Procedures as of a date within 90 days of the filing date of this report.
(b) Internal Control Over Financial Reporting. There were no significant changes in Registrant’s Internal Control Over Financial Reporting or in other factors that could significantly affect this control subsequent to the date of the evaluation, including any corrective actions with regard to significant deficiencies and material weaknesses.
Item 12: Disclosure of Securities Lending Activities for Closed-End Management Investment Companies.
Not applicable.
Item 13: Exhibits.
(a) Certifications.
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| VANGUARD OHIO TAX-FREE FUNDS |
| |
BY: | /s/ MORTIMER J. BUCKLEY* | |
| | |
| MORTIMER J. BUCKLEY | |
| CHIEF EXECUTIVE OFFICER | |
Date: July 18, 2019
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
| VANGUARD OHIO TAX-FREE FUNDS |
| |
BY: | /s/ MORTIMER J. BUCKLEY* | |
| | |
| MORTIMER J. BUCKLEY | |
| CHIEF EXECUTIVE OFFICER | |
|
Date: July 18, 2019 |
|
| VANGUARD OHIO TAX-FREE FUNDS |
| |
BY: | /s/ THOMAS J. HIGGINS* | |
| | |
| THOMAS J. HIGGINS | |
| CHIEF FINANCIAL OFFICER | |
| |
Date: July 18, 2019 | |
* By: /s/ Anne E. Robinson
Anne E. Robinson, pursuant to a Power of Attorney filed on January 18, 2018; see file Number 33-32216, Incorporated by Reference.
