Nuveen Ohio Municipal Bond Fund Class A (FOHTX)
Stock analysis · NASDAQ · Financial Services · Asset Management
Nuveen Ohio Municipal Bond Fund Class A (FOHTX) is a publicly traded company in the Financial Services sector. Latest price: $10.30. Market cap $382.55M. Sign in to Stocks360 for full DCF valuation, fundamentals, technicals, and AI-driven analysis.
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About Nuveen Ohio Municipal Bond Fund Class A
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.
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