Fund Description

The fund normally invests at least 80% of assets in municipal securities whose interest is exempt from federal and Ohio personal income taxes, typically investment-grade issues. Holdings may include municipal debt from U.S. territories and possessions; general obligation bonds; local or state government bonds; project or revenue-specific bonds; pre-refunded or escrowed bonds; municipal money market securities; synthetic securities; and derivatives that provide exposure to these investments or related risk factors. It is managed for similar overall interest rate risk to a supplemental index, allocates across sectors and maturities, may exceed 25% in similar-project financings, and selects securities based on credit quality, features, valuation, and trading opportunities.