Nuveen Ohio Municipal Bond Fund Class C is a municipal bond mutual fund that primarily invests in investment-grade municipal securities issued by state and local governments in Ohio. Its key objective is to deliver a high level of current interest income that is exempt from both regular federal and Ohio state personal income taxes. The fund typically allocates at least 80% of its assets to these tax-exempt securities, making it particularly relevant for investors seeking income while aiming to preserve capital. With over 200 holdings, the portfolio features broad exposure to Ohio municipal issuers, focusing on bonds that support public infrastructure, healthcare, and other essential services. The fund pays dividends on a monthly basis and is structured to appeal to investors interested in efficient after-tax income generation. Its presence in the market serves to channel capital to Ohio's public sector while offering an income-oriented solution tailored to those affected by Ohio-specific tax considerations. Nuveen Ohio Municipal Bond Fund Class C is managed with an emphasis on credit quality and interest rate sensitivity, reflecting a moderate approach to risk within the Ohio municipal bond category.
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