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: Natalie Lamarque, 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, 2025—May 31, 2026

 

 

 

 

 

 

Item 1: Reports to Shareholders.

 

 

 

 

 

TABLE OF CONTENTS

 

Ohio Long-Term Tax-Exempt Fund
Investor Shares - VOHIX

   

 

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Vanguard Ohio Long-Term Tax-Exempt Fund

Image

Investor Shares (VOHIX) 

Semi-Annual Shareholder Report | May 31, 2026

This semi-annual shareholder report contains important information about Vanguard Ohio Long-Term Tax-Exempt Fund (the "Fund") for the period of December 1, 2025, to May 31, 2026. You can find additional information about the Fund at https://personal1.vanguard.com/ngf-next-gen-form-webapp/fund-literature. You can also request this information by contacting us at 800-662-7447. The report describes changes to the Fund that occurred during the reporting period.

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment)

Table Summary
Share Class Name
Costs of a $10,000 investment
Costs paid as a percentage of a $10,000 investment
Investor Shares
$5
0.09%Footnote Reference1
FootnoteDescription
Footnote1
Annualized.

Fund Statistics (as of May 31, 2026)

Table Summary
Fund Net Assets (in millions)
$1,548
Number of Portfolio Holdings
880
Portfolio Turnover Rate
5%

Distribution by Stated Maturity % of Net Assets (as of May 31, 2026) 

Table Summary
Less than 1 Year
6.6%
1 to 3 Years
2.2%
3 to 5 Years
4.5%
5 to 10 Years
9.2%
10 to 20 Years
38.8%
20 to 30 Years
29.0%
Greater than 30 Years
9.6%
Other Assets and Liabilities—Net
0.1%

This table reflects the Fund's investments, including short-term investments, derivatives and other assets and liabilities.

How has the Fund changed?

Effective January 12, 2026, The Vanguard Group, Inc. exercises portfolio management responsibilities for the fund through its wholly-owned subsidiary, Vanguard Capital Management, LLC.

  

This is a summary of certain changes to the Fund since November 30, 2025. For more complete information, you may review the Fund’s prospectus, at https://personal1.vanguard.com/ngf-next-gen-form-webapp/fund-literature or upon request at 800-662-7447.

Where can I find additional information about the Fund?

Additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information is available at https://personal1.vanguard.com/ngf-next-gen-form-webapp/fund-literature.

Connect with Vanguard® • vanguard.com

 

Fund Information • 800-662-7447

Direct Investor Account Services • 800-662-2739

Text Telephone for People Who Are Deaf or Hard of Hearing •

800-749-7273

 

© 2026 The Vanguard Group, Inc.

All rights reserved.

Vanguard Marketing Corporation, Distributor.

 

SR97 

 

Item 2: Code of Ethics.

 

Not applicable.

 

Item 3: Audit Committee Financial Expert.

 

Not applicable.

 

Item 4: Principal Accountant Fees and Services.

 

Not applicable.

 

Item 5: Audit Committee of Listed Registrants.

 

Not applicable.

 

Item 6: Investments.

 

Not applicable. The complete schedule of investments is included in the financial statements filed under Item 7 of this Form.

 

 

 

 

Item 7: Financial Statements and Financial Highlights for Open-End Management Investment Companies.

 

 

 

Financial Statements
For the six-months ended May 31, 2026
Vanguard Ohio Long-Term Tax-Exempt Fund

 

Contents
Financial Statements
1
   

 

Ohio Long-Term Tax-Exempt Fund
Financial Statements (unaudited)
Schedule of Investments
As of May 31, 2026
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 are available on the SEC’s website at www.sec.gov.
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
Tax-Exempt Municipal Bonds (99.8%)
Ohio (98.1%)
  Akron Bath Copley Joint Township Hospital District Health, Hospital, Nursing Home Revenue, ETM 5.000% 11/15/2029    495       532
  Akron Bath Copley Joint Township Hospital District Health, Hospital, Nursing Home Revenue, ETM 5.000% 11/15/2030    130       142
  Akron Bath Copley Joint Township Hospital District Health, Hospital, Nursing Home Revenue, Prere. 5.250% 11/15/2026    500       506
  Akron Bath Copley Joint Township Hospital District Health, Hospital, Nursing Home Revenue, Prere. 3.000% 11/15/2030  5,765     5,816
  Akron Bath Copley Joint Township Hospital District Health, Hospital, Nursing Home Revenue, Prere. 4.000% 11/15/2030    555       584
  Akron Bath Copley Joint Township Hospital District Health, Hospital, Nursing Home Revenue, Prere. 4.000% 11/15/2030  1,600     1,682
  Akron Bath Copley Joint Township Hospital District Health, Hospital, Nursing Home Revenue, Prere. 4.000% 11/15/2030  2,750     2,891
  Akron Bath Copley Joint Township Hospital District Health, Hospital, Nursing Home Revenue, Prere. 4.000% 11/15/2030  2,185     2,297
  Akron Bath Copley Joint Township Hospital District Health, Hospital, Nursing Home Revenue, Prere. 4.000% 11/15/2030    250       263
  Akron Bath Copley Joint Township Hospital District Health, Hospital, Nursing Home Revenue, Prere. 5.000% 11/15/2030    600       656
1 Akron City School District COP 5.000%   8/1/2053  1,000     1,024
  Akron OH (Akron District Energy Project) COP 4.000%  12/1/2030    535       537
  Akron OH GO 5.000%  12/1/2041    500       533
  Akron OH GO 5.000%  12/1/2042    525       556
  Akron OH GO 5.000%  12/1/2044    650       677
  Akron OH Income Tax Revenue 4.000%  12/1/2028    285       290
  Akron OH Income Tax Revenue 3.000%  12/1/2029  1,820     1,822
  Akron OH Income Tax Revenue 4.000%  12/1/2029    610       620
  Akron OH Income Tax Revenue 3.000%  12/1/2030  1,870     1,868
  Akron OH Income Tax Revenue 4.000%  12/1/2030    405       420
  Akron OH Income Tax Revenue 3.000%  12/1/2031  1,075     1,065
  Akron OH Income Tax Revenue 4.000%  12/1/2031  1,500     1,519
  Akron OH Income Tax Revenue 4.000%  12/1/2031    370       382
  Akron OH Income Tax Revenue 5.000%  12/1/2031    900       901
  Akron OH Income Tax Revenue 3.000%  12/1/2032  1,655     1,633
  Akron OH Income Tax Revenue 4.000%  12/1/2032  1,315     1,329
  Akron OH Income Tax Revenue 4.000%  12/1/2032  1,285     1,321
  Akron OH Income Tax Revenue 4.000%  12/1/2033    120       122
  Akron OH Income Tax Revenue 4.000%  12/1/2033  1,325     1,357
  Allen County OH Hospital Facilities Health, Hospital, Nursing Home Revenue 5.000%  12/1/2035  2,350     2,491
  Allen County OH Hospital Facilities Health, Hospital, Nursing Home Revenue 4.000%   8/1/2037  1,900     1,905
  Allen County OH Hospital Facilities Health, Hospital, Nursing Home Revenue 5.000%  11/1/2040  1,000     1,093
  Allen County OH Hospital Facilities Health, Hospital, Nursing Home Revenue 4.000%  12/1/2040  1,000       976
  Allen County OH Hospital Facilities Health, Hospital, Nursing Home Revenue 5.000%  11/1/2041  9,000     9,792
  Allen County OH Hospital Facilities Health, Hospital, Nursing Home Revenue 4.000%  11/1/2044  3,875     3,643
  Allen County OH Hospital Facilities Health, Hospital, Nursing Home Revenue 4.000%   8/1/2047  8,935     7,907
2 Allen County OH Hospital Facilities Health, Hospital, Nursing Home Revenue VRDO 2.900%   6/1/2026  3,500     3,500
2 Allen County OH Hospital Facilities Health, Hospital, Nursing Home Revenue VRDO 2.900%   6/1/2026  2,400     2,400
2 Allen County OH Hospital Facilities Health, Hospital, Nursing Home Revenue VRDO 1.600%   6/3/2026  1,995     1,995
2 Allen County OH Hospital Facilities Health, Hospital, Nursing Home Revenue VRDO 1.500%   6/4/2026  1,900     1,900
  Allen County Port Authority College & University Revenue (University of Northwestern Ohio Project) 4.000%  12/1/2031  1,300     1,282
  Allen County Port Authority College & University Revenue (University of Northwestern Ohio Project) 4.000%  12/1/2040  4,325     3,944
  American Municipal Power Inc. Electric Power & Light Revenue 4.000%  2/15/2035    180       182
  American Municipal Power Inc. Electric Power & Light Revenue 4.000%  2/15/2036    225       228
  American Municipal Power Inc. Electric Power & Light Revenue 4.000%  2/15/2037    300       302
  American Municipal Power Inc. Electric Power & Light Revenue 4.000%  2/15/2038    375       377
  American Municipal Power Inc. Electric Power & Light Revenue (AMP Michigan Cat Peaking Project) 5.000%  2/15/2037    205       230
  American Municipal Power Inc. Electric Power & Light Revenue (AMP Michigan Cat Peaking Project) 5.000%  2/15/2038    425       475
  American Municipal Power Inc. Electric Power & Light Revenue (AMP Michigan Cat Peaking Project) 5.000%  2/15/2040    700       770
  American Municipal Power Inc. Electric Power & Light Revenue (AMP Michigan Cat Peaking Project) 5.000%  2/15/2041  1,465     1,599
  American Municipal Power Inc. Electric Power & Light Revenue (AMP Michigan Cat Peaking Project) 5.000%  2/15/2042  1,540     1,671
  American Municipal Power Inc. Electric Power & Light Revenue (AMP Michigan Cat Peaking Project) 5.000%  2/15/2043  1,000     1,085
  American Municipal Power Inc. Electric Power & Light Revenue (AMP Michigan Cat Peaking Project) 5.000%  2/15/2043    415       450
  American Municipal Power Inc. Electric Power & Light Revenue (AMP Michigan Cat Peaking Project) 5.000%  2/15/2044  1,000     1,078
  American Municipal Power Inc. Electric Power & Light Revenue (AMP Michigan Cat Peaking Project) 5.000%  2/15/2044    500       539
  American Municipal Power Inc. Electric Power & Light Revenue (AMP Michigan Cat Peaking Project) 5.000%  2/15/2045    525       561
  American Municipal Power Inc. Electric Power & Light Revenue (Combined Hydroelectric Project) 5.000%  2/15/2043  1,000     1,077
  American Municipal Power Inc. Electric Power & Light Revenue (Combined Hydroelectric Project) 5.000%  2/15/2044    460       493
  American Municipal Power Inc. Electric Power & Light Revenue (Combined Hydroelectric Project) 5.000%  2/15/2045  1,100     1,168
  American Municipal Power Inc. Electric Power & Light Revenue (Combined Hydroelectric Project) 5.000%  2/15/2046  1,500     1,581
1

 

Ohio Long-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  American Municipal Power Inc. Electric Power & Light Revenue (Combined Hydroelectric Project) 5.000%  2/15/2048  1,325     1,370
  American Municipal Power Inc. Electric Power & Light Revenue (Combined Hydroelectric Projects) 5.000%  2/15/2042    475       513
  American Municipal Power Inc. Electric Power & Light Revenue (Fremont Energy Center Project) 4.000%  2/15/2038  1,000     1,010
  American Municipal Power Inc. Electric Power & Light Revenue (Greenup Hydroelectric Project) 5.000%  2/15/2044  1,500     1,611
  American Municipal Power Inc. Electric Power & Light Revenue (Greenup Hydroelectric Project) 5.000%  2/15/2046  1,000     1,058
  American Municipal Power Inc. Electric Power & Light Revenue (Prairie State Energy Campus Project) 5.000%  2/15/2033    100       107
  American Municipal Power Inc. Electric Power & Light Revenue (Prairie State Energy Campus Project) 5.000%  2/15/2039  1,500     1,640
  Apollo Joint Vocational School District GO 5.000%  12/1/2029  1,195     1,234
  Apollo Joint Vocational School District GO 4.000%  12/1/2035  1,470     1,483
  Apollo Joint Vocational School District GO 4.000%  12/1/2036  1,000     1,007
  Ashland County-West Holmes Joint Vocational School District GO 4.000%  12/1/2041  1,790     1,800
  Athens City School District GO 4.000%  12/1/2031    400       411
  Athens City School District GO 3.250%  12/1/2048  2,000     1,596
  Avon Lake City School District GO 5.250%  12/1/2062  4,000     4,172
3 Bedford City School District GO 5.500%  12/1/2044  1,325     1,428
3 Bedford City School District GO 5.500%  12/1/2050  3,915     4,124
3 Bedford City School District GO 5.500%  12/1/2058  2,000     2,093
3 Bellefontaine Finance & Development Authority Lease (Appropriation) Revenue 3.000%  12/1/2046  1,085       850
3 Bellefontaine Finance & Development Authority Lease (Appropriation) Revenue 3.000%  12/1/2047  1,120       863
3 Bellefontaine Finance & Development Authority Lease (Appropriation) Revenue 3.000%  12/1/2049    950       712
  Belpre City School District GO 6.000%  11/1/2062  2,000     2,203
3 Belpre City School District GO 6.000%  11/1/2062  2,420     2,665
  Big Walnut Local School District GO 5.000%  12/1/2042    920       945
  Big Walnut Local School District GO 3.250%  12/1/2048  3,120     2,503
  Big Walnut Local School District GO 3.500%  12/1/2055    290       228
4,5 Blanchard Valley Port Authority Local or Guaranteed Housing Revenue 6.250%   1/1/2046  1,020     1,032
  Bluffton OH Health, Hospital, Nursing Home Revenue 5.000%  12/1/2029  2,110     2,166
  Bluffton OH Health, Hospital, Nursing Home Revenue 4.000%  12/1/2034  2,000     2,008
  Bowling Green State University College & University Revenue 5.000%   6/1/2028    300       307
  Bowling Green State University College & University Revenue 5.000%   6/1/2029    435       445
  Bowling Green State University College & University Revenue 5.000%   6/1/2033    600       644
  Bowling Green State University College & University Revenue 5.000%   6/1/2037    700       740
  Bowling Green State University College & University Revenue 4.000%   6/1/2038    500       506
  Bowling Green State University College & University Revenue 4.000%   6/1/2039    270       271
  Bowling Green State University College & University Revenue 5.000%   6/1/2042  2,000     2,022
  Bowling Green State University College & University Revenue 5.000%   6/1/2042  1,250     1,368
3 Brunswick City School District GO 0.000%  12/1/2035    200       137
3 Brunswick City School District GO 0.000%  12/1/2036    200       131
3 Brunswick City School District GO 5.250%  12/1/2053  1,000     1,037
3 Brunswick City School District GO 5.500%  12/1/2060  2,785     2,911
  Buckeye Tobacco Settlement Financing Authority Tobacco Settlement Funded Revenue 5.000%   6/1/2033  2,450     2,629
  Buckeye Tobacco Settlement Financing Authority Tobacco Settlement Funded Revenue 5.000%   6/1/2035  4,390     4,642
  Buckeye Tobacco Settlement Financing Authority Tobacco Settlement Funded Revenue 5.000%   6/1/2036  3,065     3,212
  Buckeye Tobacco Settlement Financing Authority Tobacco Settlement Funded Revenue 4.000%   6/1/2037  2,000     2,017
  Buckeye Tobacco Settlement Financing Authority Tobacco Settlement Funded Revenue 4.000%   6/1/2038  5,375     5,398
  Buckeye Tobacco Settlement Financing Authority Tobacco Settlement Funded Revenue 4.000%   6/1/2039  7,030     6,927
  Buckeye Tobacco Settlement Financing Authority Tobacco Settlement Funded Revenue 4.000%   6/1/2048 34,000    29,622
  Butler County OH Health, Hospital, Nursing Home Revenue 4.000% 11/15/2030  1,010     1,007
  Butler County OH Health, Hospital, Nursing Home Revenue 4.000% 11/15/2031  1,075     1,068
  Butler County OH Health, Hospital, Nursing Home Revenue 4.000% 11/15/2034  1,215     1,192
  Butler County OH Health, Hospital, Nursing Home Revenue 4.000% 11/15/2035  1,000       973
  Butler County Port Authority Health, Hospital, Nursing Home Revenue 4.000%  5/15/2032    100       101
  Butler County Port Authority Health, Hospital, Nursing Home Revenue 4.000%  5/15/2033    270       273
  Butler County Port Authority Health, Hospital, Nursing Home Revenue 4.000%  5/15/2034    375       377
  Butler County Port Authority Health, Hospital, Nursing Home Revenue 4.000%  5/15/2035    390       391
  Butler County Port Authority Health, Hospital, Nursing Home Revenue 4.000%  5/15/2036    400       398
  Butler County Port Authority Health, Hospital, Nursing Home Revenue 4.000%  5/15/2037    210       208
  Butler County Port Authority Health, Hospital, Nursing Home Revenue 4.000%  5/15/2038    215       211
  Butler County Port Authority Health, Hospital, Nursing Home Revenue 4.000%  5/15/2039    230       223
  Butler County Port Authority Health, Hospital, Nursing Home Revenue 4.000%  5/15/2040    235       226
  Butler County Port Authority Health, Hospital, Nursing Home Revenue 4.000%  5/15/2041    245       233
  Butler County Port Authority Health, Hospital, Nursing Home Revenue 4.000%  5/15/2051  1,300     1,079
  Butler County Transportation Improvement District Tax Increment/Allocation Revenue 4.000%  12/1/2028  2,200     2,202
  Canton City School District GO 5.000%  12/1/2043  1,555     1,633
  Centerville OH Health, Hospital, Nursing Home Revenue 5.000%  11/1/2027    380       385
  Centerville OH Health, Hospital, Nursing Home Revenue 5.250%  11/1/2037  1,500     1,513
  Centerville OH Health, Hospital, Nursing Home Revenue 5.250%  11/1/2050    600       571
  Chillicothe OH Health, Hospital, Nursing Home Revenue 4.000%  12/1/2042    270       253
1 Chillicothe OH Health, Hospital, Nursing Home Revenue 4.000%  12/1/2042  1,590     1,510
  Cincinnati City School District (School Improvement Project) COP 5.000%  6/15/2031    500       505
2

 

Ohio Long-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  Cincinnati City School District (School Improvement Project) COP 5.000%  6/15/2032    400       404
  Cincinnati City School District (School Improvement Project) COP 5.000%  6/15/2033    400       404
  Cincinnati City School District (School Improvement Project) COP 3.250%  6/15/2034    565       565
  Cincinnati City School District (School Improvement Project) COP 3.375%  6/15/2035    670       670
  Cincinnati City School District (School Improvement Project) COP 3.500%  6/15/2036    445       445
  Cincinnati City School District (School Improvement Project) COP 3.500%  6/15/2037  1,000     1,000
  Cincinnati City School District (School Improvement Project) COP 3.625%  6/15/2038    700       700
1 Clark County Northeastern Local School District GO 4.000%  12/1/2029    785       810
1 Clark County Northeastern Local School District GO 4.000%  12/1/2034    790       805
1 Clark County Northeastern Local School District GO 4.000%  12/1/2055  3,750     3,371
  Clark Shawnee Local School District GO 4.000%  11/1/2031    400       406
  Clark Shawnee Local School District GO 4.000%  11/1/2032    660       669
  Clark Shawnee Local School District GO 4.000%  11/1/2034    860       870
1 Cleveland Department of Public Utilities Division of Public Power Electric Power & Light Revenue 5.000% 11/15/2028    150       156
1 Cleveland Department of Public Utilities Division of Public Power Electric Power & Light Revenue 5.000% 11/15/2029    210       219
1 Cleveland Department of Public Utilities Division of Public Power Electric Power & Light Revenue 5.000% 11/15/2032    545       564
1 Cleveland Department of Public Utilities Division of Public Power Electric Power & Light Revenue 5.000% 11/15/2034    760       783
1 Cleveland Department of Public Utilities Division of Public Power Electric Power & Light Revenue 4.000% 11/15/2035    925       942
1 Cleveland Department of Public Utilities Division of Public Power Electric Power & Light Revenue 5.000% 11/15/2036  1,000     1,025
1 Cleveland Department of Public Utilities Division of Public Power Electric Power & Light Revenue 5.000% 11/15/2037    595       608
1 Cleveland Department of Public Utilities Division of Public Power Electric Power & Light Revenue 5.000% 11/15/2038    825       840
  Cleveland Heights & University Heights City School District GO 4.000%  12/1/2031    530       537
  Cleveland Heights & University Heights City School District GO 4.000%  12/1/2035  1,775     1,788
  Cleveland Heights & University Heights City School District GO 4.000%  12/1/2036    500       503
  Cleveland Heights & University Heights City School District GO 4.000%  12/1/2037  2,200     2,208
  Cleveland Heights & University Heights City School District GO 3.500%  12/1/2051    225       179
  Cleveland OH GO 3.000%  12/1/2031  1,500     1,494
  Cleveland OH GO 4.000%  12/1/2031    385       399
  Cleveland OH GO 3.000%  12/1/2032  1,825     1,808
  Cleveland OH GO 5.000%  12/1/2032    225       234
  Cleveland OH GO 3.000%  12/1/2033    990       978
  Cleveland OH GO 3.000%  12/1/2035    750       719
  Cleveland OH GO 3.000%  12/1/2036    795       749
  Cleveland OH GO 5.000%  12/1/2040  1,000     1,087
  Cleveland OH GO 5.000%  12/1/2041    860       929
  Cleveland OH GO 5.000%  12/1/2042    775       844
  Cleveland OH GO 5.000%  12/1/2043    250       268
  Cleveland OH GO 3.000%  12/1/2049  2,370     1,777
  Cleveland OH Income Tax Revenue 4.000%  10/1/2029    300       305
  Cleveland OH Income Tax Revenue 5.000%  10/1/2032    500       513
  Cleveland OH Income Tax Revenue 5.000%  10/1/2033    500       512
  Cleveland OH Income Tax Revenue 3.000%  10/1/2036    700       656
  Cleveland OH Income Tax Revenue 3.000%  10/1/2038    550       497
  Cleveland OH Income Tax Revenue 3.000%  10/1/2039    500       443
  Cleveland OH Income Tax Revenue 3.000%  10/1/2040  1,725     1,508
  Cleveland OH Income Tax Revenue 3.000%  10/1/2041  1,290     1,109
  Cleveland OH Income Tax Revenue 3.000%  10/1/2045  3,420     2,707
  Cleveland OH Income Tax Revenue 3.000%  10/1/2046  1,710     1,322
  Cleveland OH Income Tax Revenue 2.000%  10/1/2047  1,000       614
  Cleveland State University College & University Revenue 5.000%   6/1/2027    205       205
3 Cleveland State University College & University Revenue 5.000%   6/1/2040  2,000     2,177
  Cleveland-Cuyahoga County Port Authority Lease (Appropriation) Revenue (Administrative Headquarters Project) 5.000%   7/1/2037  1,820     2,059
  Cleveland-Cuyahoga County Port Authority Local or Guaranteed Housing Revenue 4.220%   9/1/2039  4,924     4,993
  Cleveland-Cuyahoga County Port Authority Local or Guaranteed Housing Revenue 4.000%   8/1/2044  2,500     2,367
  Cleveland-Cuyahoga County Port Authority Local or Guaranteed Housing Revenue (Euclid Avenue Development Corp. Project) 5.000%   8/1/2026    265       266
  Cleveland-Cuyahoga County Port Authority Local or Guaranteed Housing Revenue (Euclid Avenue Development Corp. Project) 5.000%   8/1/2030  1,530     1,619
  Cleveland-Cuyahoga County Port Authority Local or Guaranteed Housing Revenue (Euclid Avenue Development Corp. Project) 5.000%   8/1/2031  1,605     1,713
  Cleveland-Cuyahoga County Port Authority Local or Guaranteed Housing Revenue (Euclid Avenue Development Corp. Project) 5.000%   8/1/2032  1,690     1,813
  Cleveland-Cuyahoga County Port Authority Local or Guaranteed Housing Revenue (Euclid Avenue Development Corp. Project) 5.000%   8/1/2033  1,780     1,900
  Cleveland-Cuyahoga County Port Authority Local or Guaranteed Housing Revenue (Euclid Avenue Development Corp. Project) 5.500%   8/1/2052  6,010     6,146
  Cleveland-Cuyahoga County Port Authority Recreational Revenue 5.000%   7/1/2033    250       271
  Cleveland-Cuyahoga County Port Authority Recreational Revenue 5.000%   7/1/2035    300       321
  Cleveland-Cuyahoga County Port Authority Recreational Revenue 4.000%   7/1/2037    300       304
3

 

Ohio Long-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  Cleveland-Cuyahoga County Port Authority Recreational Revenue 4.000%   7/1/2040    350       348
  Cleveland-Cuyahoga County Port Authority Recreational Revenue 4.000%   7/1/2046  1,150     1,042
  Cleveland-Cuyahoga County Port Authority Recreational Revenue 4.000%   7/1/2051  1,100       944
  Columbus Metropolitan Housing Authority Local or Guaranteed Housing Revenue 2.250%   8/1/2036  2,000     1,661
  Columbus Metropolitan Housing Authority Local or Guaranteed Housing Revenue (Demorest Townhomes II Project) 4.000%   5/1/2034    145       145
  Columbus Metropolitan Housing Authority Local or Guaranteed Housing Revenue (Magnolia Trace II Project) 5.750%   8/1/2036  1,500     1,600
  Columbus Metropolitan Housing Authority Local or Guaranteed Housing Revenue (Orchards Project & The Eden Park Project) 4.000%  12/1/2034  2,245     2,234
  Columbus Metropolitan Housing Authority Local or Guaranteed Housing Revenue (The Falls Project) 4.000%  11/1/2035  1,825     1,801
  Columbus Metropolitan Housing Authority Local or Guaranteed Housing Revenue (The Falls Project) 5.000%  11/1/2035    670       712
  Columbus Metropolitan Housing Authority Local or Guaranteed Housing Revenue (Thornton Hall Project) 4.000%  12/1/2035  1,175     1,157
  Columbus Metropolitan Housing Authority Local or Guaranteed Housing Revenue (Waldren Woods Project) 4.000%   6/1/2034  2,650     2,643
  Columbus OH GO 5.000%   4/1/2037  3,835     4,125
  Columbus OH GO 5.000%  8/15/2042  3,000     3,299
  Columbus OH GO 5.000%  10/1/2043  1,515     1,670
2 Columbus Regional Airport Authority Miscellaneous Revenue (OASBO Expanded Asset Program) VRDO 1.550%   6/4/2026    100       100
  Columbus Regional Airport Authority Port, Airport & Marina Revenue 5.000%   1/1/2042    500       543
  Columbus Regional Airport Authority Port, Airport & Marina Revenue 5.000%   1/1/2043    500       540
  Columbus Regional Airport Authority Port, Airport & Marina Revenue 5.250%   1/1/2050  4,500     4,735
  Columbus Regional Airport Authority Port, Airport & Marina Revenue 5.250%   1/1/2055  9,700    10,125
  Columbus-Franklin County Finance Authority Local or Guaranteed Housing Revenue 4.375%   6/1/2043  5,000     4,980
  Columbus-Franklin County Finance Authority Local or Guaranteed Housing Revenue 5.125%   1/1/2044  3,000     3,205
  Columbus-Franklin County Finance Authority Local or Guaranteed Housing Revenue 4.460%  11/1/2044  2,000     2,006
4 Columbus-Franklin County Finance Authority Local or Guaranteed Housing Revenue (Brookshire Project) 6.300%   1/1/2046    200       201
  Columbus-Franklin County Finance Authority Local or Guaranteed Housing Revenue (Dering Family Homes Project) PUT 5.000%   2/1/2027  2,000     2,012
4 Columbus-Franklin County Finance Authority Local or Guaranteed Housing Revenue (Vivera Rosewood Project) 6.300%   1/1/2046    245       246
  Confluence Community Authority Lease (Appropriation) Revenue (Stadium & Sports Project) 5.000%   5/1/2030    335       357
  Confluence Community Authority Lease (Appropriation) Revenue (Stadium & Sports Project) 5.000%   5/1/2032    700       741
  Confluence Community Authority Lease (Appropriation) Revenue (Stadium & Sports Project) 4.000%   5/1/2039  1,345     1,353
  Confluence Community Authority Lease (Appropriation) Revenue (Stadium & Sports Project) 3.000%   5/1/2044  6,810     5,620
  Confluence Community Authority Lease (Appropriation) Revenue (Stadium & Sports Project) 3.000%   5/1/2048  3,000     2,278
  Cuyahoga Community College District GO 5.000%  12/1/2037     55        55
  Cuyahoga County OH GO 3.000%  12/1/2036  1,050       979
5 Cuyahoga County OH GO 5.000%  12/1/2044  1,130     1,233
5 Cuyahoga County OH GO 5.000%  12/1/2045  1,135     1,226
5 Cuyahoga County OH GO 5.000%  12/1/2046  1,200     1,282
5 Cuyahoga County OH GO 5.250%  12/1/2056  9,460     9,996
5 Cuyahoga County OH GO 5.500%  12/1/2061 14,895    15,925
5 Cuyahoga County OH GO 5.000%  12/1/2064  4,880     4,965
  Cuyahoga County OH Health, Hospital, Nursing Home Revenue 5.000%  2/15/2028    200       202
  Cuyahoga County OH Health, Hospital, Nursing Home Revenue 4.000%  2/15/2029    505       505
  Cuyahoga County OH Health, Hospital, Nursing Home Revenue 5.000%  2/15/2042  2,000     1,987
  Cuyahoga County OH Health, Hospital, Nursing Home Revenue 5.500%  2/15/2052  1,975     1,976
  Cuyahoga County OH Health, Hospital, Nursing Home Revenue 5.500%  2/15/2057  1,050     1,050
3 Cuyahoga Falls City School District GO 4.000%  12/1/2029    405       415
3 Cuyahoga Falls City School District GO 4.000%  12/1/2031    500       511
3 Cuyahoga Falls City School District GO 4.000%  12/1/2033    500       508
3 Cuyahoga Falls City School District GO 4.000%  12/1/2051  1,485     1,369
  Cuyahoga Metropolitan Housing Authority Local or Guaranteed Housing Revenue 2.000%  12/1/2031  1,000       891
  Dayton OH Water System Water Revenue 4.000%  12/1/2029    265       267
  Dayton OH Water System Water Revenue 4.000%  12/1/2030    200       201
  Dayton OH Water System Water Revenue 4.000%  12/1/2031    280       281
  Dayton OH Water System Water Revenue 4.000%  12/1/2034    970       974
4 Delaware County Port Authority College & University Revenue (Ohio Wesleyan University Project) 6.250%   8/1/2052  6,000     6,379
  Delhi Township OH GO 4.000%  12/1/2029    150       153
  Delhi Township OH GO 4.000%  12/1/2030    160       164
  Delhi Township OH GO 4.000%  12/1/2032    310       316
  Delhi Township OH GO 4.000%  12/1/2033    400       405
  Delhi Township OH GO 4.000%  12/1/2034    815       819
  Delhi Township OH GO 4.000%  12/1/2035    430       427
  Delhi Township OH GO 4.000%  12/1/2036    320       316
  Dublin City School District GO 5.000%  12/1/2043    700       761
  Dublin City School District GO 5.000%  12/1/2044    800       863
  Dublin OH GO 3.000%  12/1/2035     25        24
  Dublin OH GO 3.000%  12/1/2036    290       274
  East Knox Local School District GO 3.000%  11/1/2056  1,045       733
  EHOVE Joint Vocational School District GO 5.000%  12/1/2042    865       910
4

 

Ohio Long-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  EHOVE Joint Vocational School District GO 5.000%  12/1/2044    875       910
  EHOVE Joint Vocational School District GO 5.000%  12/1/2045  1,000     1,035
  EHOVE Joint Vocational School District GO 5.250%  12/1/2061  2,000     2,033
  Elyria OH GO 4.000%  12/1/2031    225       225
  Elyria OH GO 4.000%  12/1/2032    280       280
  Elyria OH GO 4.000%  12/1/2033    440       440
  Euclid City School District GO 5.000%  1/15/2041  1,300     1,412
  Euclid City School District GO 5.000%  1/15/2043  1,430     1,534
  Euclid City School District GO 4.750%  1/15/2054    645       645
  Fairborn City School District GO 3.000%  12/1/2055  7,320     5,024
3 Fairborn City School District Lease (Appropriation) Revenue 4.000%  12/1/2028    150       154
3 Fairborn City School District Lease (Appropriation) Revenue 4.000%  12/1/2031    110       113
3 Fairborn City School District Lease (Appropriation) Revenue 4.000%  12/1/2032    125       128
3 Fairborn City School District Lease (Appropriation) Revenue 4.000%  12/1/2034    175       178
3 Fairborn City School District Lease (Appropriation) Revenue 4.000%  12/1/2035    175       178
3 Fairborn City School District Lease (Appropriation) Revenue 4.000%  12/1/2037    290       293
3 Fairborn City School District Lease (Appropriation) Revenue 3.000%  12/1/2040  1,000       856
3 Fairborn City School District Lease (Appropriation) Revenue 3.000%  12/1/2045  2,000     1,564
3 Fairborn City School District Lease (Appropriation) Revenue 3.000%  12/1/2050  2,640     1,906
  Fairfield County OH GO 2.000%  12/1/2041    800       570
3 Fairless Local School District (School Facilities Project) COP 3.000%  12/1/2045  4,210     3,318
3 Fairless Local School District (School Facilities Project) COP 3.000%  12/1/2049  3,365     2,479
1 Fayette County OH Health, Hospital, Nursing Home Revenue 5.250%  12/1/2045 10,220    11,098
  Franklin City School District GO 3.000%  11/1/2040    400       352
  Franklin City School District GO 3.000%  11/1/2050  1,500     1,085
  Franklin City School District GO 3.000%  11/1/2057  6,180     4,201
  Franklin County Convention Facilities Authority Hotel Project Industrial Revenue (Greater Columbus Convention Center Hotel Expansion Project) 5.000%  12/1/2029    800       830
  Franklin County Convention Facilities Authority Hotel Project Industrial Revenue (Greater Columbus Convention Center Hotel Expansion Project) 5.000%  12/1/2032    565       582
  Franklin County Convention Facilities Authority Hotel Project Industrial Revenue (Greater Columbus Convention Center Hotel Expansion Project) 5.000%  12/1/2035    500       512
  Franklin County Convention Facilities Authority Hotel Project Industrial Revenue (Greater Columbus Convention Center Hotel Expansion Project) 5.000%  12/1/2036  1,360     1,389
  Franklin County Convention Facilities Authority Hotel Project Industrial Revenue (Greater Columbus Convention Center Hotel Expansion Project) 5.000%  12/1/2038    620       632
  Franklin County Convention Facilities Authority Hotel Project Industrial Revenue (Greater Columbus Convention Center Hotel Expansion Project) 5.000%  12/1/2039    515       524
  Franklin County Convention Facilities Authority Hotel Project Industrial Revenue (Greater Columbus Convention Center Hotel Expansion Project) 5.000%  12/1/2051  8,560     8,325
  Franklin County Convention Facilities Authority Lease (Appropriation) Revenue 5.000%  12/1/2038  1,000     1,103
  Franklin County Convention Facilities Authority Lease (Appropriation) Revenue 5.000%  12/1/2039  1,000     1,097
  Franklin County Convention Facilities Authority Lease (Appropriation) Revenue 5.000%  12/1/2040  1,000     1,092
  Franklin County Convention Facilities Authority Lease (Appropriation) Revenue 5.000%  12/1/2042  4,000     4,312
  Franklin County Convention Facilities Authority Lease (Appropriation) Revenue (Greater Columbus Convention Center Hotel Expansion Project) 5.000%  12/1/2029    530       570
  Franklin County Convention Facilities Authority Lease (Appropriation) Revenue (Greater Columbus Convention Center Hotel Expansion Project) 5.000%  12/1/2032    135       144
  Franklin County Convention Facilities Authority Lease (Appropriation) Revenue (Greater Columbus Convention Center Hotel Expansion Project) 5.000%  12/1/2034    100       106
  Franklin County OH Health, Hospital, Nursing Home Revenue 4.000%   7/1/2038     25        24
  Franklin County OH Health, Hospital, Nursing Home Revenue 4.000%  11/1/2038    485       485
  Franklin County OH Health, Hospital, Nursing Home Revenue 4.000%   7/1/2040  2,585     2,441
  Franklin County OH Health, Hospital, Nursing Home Revenue 5.250%   7/1/2041  1,500     1,563
  Franklin County OH Health, Hospital, Nursing Home Revenue 5.500%   7/1/2041  1,500     1,590
  Franklin County OH Health, Hospital, Nursing Home Revenue 4.000%  12/1/2044  5,855     5,577
  Franklin County OH Health, Hospital, Nursing Home Revenue 5.000%   7/1/2045  2,780     2,783
  Franklin County OH Health, Hospital, Nursing Home Revenue 4.000%  5/15/2047  5,000     4,586
  Franklin County OH Health, Hospital, Nursing Home Revenue 5.000%  12/1/2047  1,490     1,502
  Franklin County OH Health, Hospital, Nursing Home Revenue 5.000%  11/1/2048  4,235     4,570
  Franklin County OH Health, Hospital, Nursing Home Revenue 4.000%  12/1/2049  4,910     4,306
  Franklin County OH Health, Hospital, Nursing Home Revenue 5.250%  11/1/2055  6,280     6,548
  Franklin County OH Health, Hospital, Nursing Home Revenue 5.250% 11/15/2055  1,100     1,027
  Franklin County OH Health, Hospital, Nursing Home Revenue VRDO 2.850%   6/1/2026 12,900    12,900
  Franklin County OH Health, Hospital, Nursing Home Revenue VRDO 2.850%   6/1/2026  6,700     6,700
  Franklin County OH Health, Hospital, Nursing Home Revenue VRDO 1.450%   6/4/2026  1,285     1,285
  Franklin County OH Sales Tax Revenue 5.000%   6/1/2037  1,155     1,195
  Franklin County OH Sales Tax Revenue 5.000%   6/1/2038  2,500     2,585
6 Freddie Mac Pool 3.750%  10/1/2038  4,257     4,029
6 Freddie Mac Pool 4.250%   6/1/2041  1,983     1,929
6 Freddie Mac Pool 4.300%   8/1/2042  4,981     4,924
5

 

Ohio Long-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  Fremont City School District GO 5.000%  1/15/2040    200       200
1 Gahanna-Jefferson City School District GO 3.000%  12/1/2057  3,565     2,382
  Grandview Heights City School District GO 5.000%  12/1/2042  1,000     1,096
  Grandview Heights City School District GO 4.000%  12/1/2051  1,980     1,809
  Grandview Heights City School District GO 3.125%  12/1/2055    245       179
  Grandview Heights City School District GO 4.250%  12/1/2055  1,555     1,464
  Grandview Heights City School District GO 5.000%  12/1/2058  2,390     2,467
  Great Oaks Career Campuses Board of Education COP 4.000%  12/1/2029    500       521
  Great Oaks Career Campuses Board of Education COP 3.000%  12/1/2037  1,085       972
  Great Oaks Career Campuses Board of Education COP 3.000%  12/1/2041  2,000     1,682
  Great Oaks Career Campuses Board of Education COP 3.000%  12/1/2044  4,975     3,997
  Great Oaks Career Campuses Board of Education COP 3.000%  12/1/2046  7,065     5,400
  Greene County Port Authority Health, Hospital, Nursing Home Revenue 5.000%  5/15/2059  3,000     2,890
  Greene County Vocational School District GO 5.000%  12/1/2029    300       317
  Greene County Vocational School District GO 4.000%  12/1/2034    700       709
  Hamilton County OH Health, Hospital, Nursing Home Revenue 5.000%   6/1/2034  1,000     1,075
  Hamilton County OH Health, Hospital, Nursing Home Revenue 5.000%   6/1/2036    670       748
  Hamilton County OH Health, Hospital, Nursing Home Revenue 5.000%   6/1/2037  1,000     1,109
  Hamilton County OH Health, Hospital, Nursing Home Revenue 5.000%  9/15/2037  2,000     2,058
  Hamilton County OH Health, Hospital, Nursing Home Revenue 5.000%   6/1/2038  1,000     1,064
  Hamilton County OH Health, Hospital, Nursing Home Revenue 5.000%   6/1/2039    550       601
  Hamilton County OH Health, Hospital, Nursing Home Revenue 5.500%   8/1/2039  3,000     3,269
  Hamilton County OH Health, Hospital, Nursing Home Revenue 5.000%  8/15/2039  1,515     1,596
  Hamilton County OH Health, Hospital, Nursing Home Revenue 5.000%   6/1/2041  1,100     1,190
  Hamilton County OH Health, Hospital, Nursing Home Revenue 5.000%   6/1/2042  2,000     2,048
  Hamilton County OH Health, Hospital, Nursing Home Revenue 5.000%   1/1/2043    600       613
1 Hamilton County OH Health, Hospital, Nursing Home Revenue 5.250%   6/1/2043  1,600     1,756
  Hamilton County OH Health, Hospital, Nursing Home Revenue 5.500%   8/1/2043  1,000     1,066
  Hamilton County OH Health, Hospital, Nursing Home Revenue 5.500%   8/1/2045  1,000     1,048
  Hamilton County OH Health, Hospital, Nursing Home Revenue 3.750%  8/15/2050  6,680     5,626
  Hamilton County OH Health, Hospital, Nursing Home Revenue 4.000%  8/15/2050  3,595     3,175
  Hamilton County OH Health, Hospital, Nursing Home Revenue 4.000%  9/15/2050  2,945     2,483
  Hamilton County OH Health, Hospital, Nursing Home Revenue 5.000%  9/15/2050  2,500     2,419
  Hamilton County OH Health, Hospital, Nursing Home Revenue 5.500%   8/1/2051  6,255     6,379
  Hamilton County OH Health, Hospital, Nursing Home Revenue 5.500%   1/1/2055    900       916
  Hamilton County OH Health, Hospital, Nursing Home Revenue (Cincinnati Children's Hospital Project) 5.000% 11/15/2049  4,265     4,660
  Hamilton County OH Health, Hospital, Nursing Home Revenue (Life Enriching Communities Project) 5.000%   1/1/2032  1,150     1,151
  Hamilton County OH Health, Hospital, Nursing Home Revenue (Life Enriching Communities Project) 5.000%   1/1/2036  2,750     2,751
  Hamilton County OH Health, Hospital, Nursing Home Revenue (Life Enriching Communities Project) 5.000%   1/1/2042  4,655     4,655
  Hamilton County OH Health, Hospital, Nursing Home Revenue (Life Enriching Communities Project) 5.000%   1/1/2046    850       850
  Hamilton County OH Health, Hospital, Nursing Home Revenue (Life Enriching Communities Project) 5.000%   1/1/2046  3,400     3,400
  Hamilton County OH Health, Hospital, Nursing Home Revenue (Life Enriching Communities Project) 5.000%   1/1/2051  2,210     2,136
  Hamilton County OH Health, Hospital, Nursing Home Revenue (Life Enriching Communities Project) 5.000%   1/1/2052      5         5
  Hamilton County OH Health, Hospital, Nursing Home Revenue VRDO 2.950%   6/1/2026 13,780    13,780
2 Hamilton County OH Health, Hospital, Nursing Home Revenue VRDO 1.500%   6/4/2026    200       200
  Hamilton County OH Health, Hospital, Nursing Home Revenue VRDO 1.590%   6/4/2026    300       300
1,7 Hamilton County OH Sales Tax Revenue 0.000%  12/1/2027    370       353
  Hamilton County OH Sales Tax Revenue 4.000%  12/1/2032  2,110     2,120
  Hamilton County Southwest Local School District GO 5.000%  1/15/2030  1,295     1,338
3 Hamilton OH Wastewater System Sewer Revenue 4.000%  10/1/2030    200       207
3 Hamilton OH Wastewater System Sewer Revenue 4.000%  10/1/2034    400       410
3 Hamilton OH Wastewater System Sewer Revenue 4.000%  10/1/2036    350       357
4 Hickory Chase Community Authority Miscellaneous Revenue 5.000%  12/1/2040  5,320     5,478
  Hilliard OH Income Tax Revenue 5.000%  12/1/2038  1,655     1,789
  Hilliard OH Income Tax Revenue 5.000%  12/1/2040  1,825     1,959
  Hilliard OH Income Tax Revenue 5.000%  12/1/2041  1,915     2,052
  Hilliard OH Income Tax Revenue 5.000%  12/1/2042    510       544
  Hilliard OH Income Tax Revenue 5.000%  12/1/2058  7,000     7,190
  Hilliard School District GO 5.250%  12/1/2054  2,000     2,113
3 Hillsdale Local School District (Ohio School Facilities Project) COP 4.000%  12/1/2034  1,235     1,261
3 Hillsdale Local School District (Ohio School Facilities Project) COP 4.000%  12/1/2039  1,325     1,334
  Hudson OH City School District GO 4.000%  12/1/2033    420       420
  Indian Hill Exempted Village School District GO 2.000%  12/1/2040  1,250       925
  Indian Hill Exempted Village School District GO 2.125%  12/1/2041  1,265       919
  JobsOhio Beverage System Miscellaneous Revenue 5.000%   1/1/2042    720       796
  JobsOhio Beverage System Miscellaneous Revenue 5.000%   1/1/2043  5,000     5,494
  JobsOhio Beverage System Miscellaneous Revenue 5.000%   1/1/2044  2,500     2,722
  JobsOhio Beverage System Miscellaneous Revenue 5.000%   1/1/2045  2,000     2,159
  JobsOhio Beverage System Miscellaneous Revenue 5.000%   1/1/2048  3,000     3,163
  JobsOhio Beverage System Miscellaneous Revenue 5.000%   1/1/2053  3,000     3,130
6

 

Ohio Long-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  Kenston Local School District GO 0.000%  12/1/2027  1,100     1,050
  Kent City School District GO 3.000%  12/1/2040  1,000       860
  Kent State University College & University Revenue 5.000%   5/1/2030    175       190
  Kent State University College & University Revenue 5.000%   5/1/2031    175       189
  Kent State University College & University Revenue 5.000%   5/1/2032    150       161
  Kent State University College & University Revenue 5.000%   5/1/2033    250       268
  Kent State University College & University Revenue 5.000%   5/1/2034    315       337
  Kent State University College & University Revenue 5.000%   5/1/2035    350       373
  Kent State University College & University Revenue 5.000%   5/1/2036    400       425
  Kent State University College & University Revenue 5.000%   5/1/2037    225       238
  Kent State University College & University Revenue 5.000%   5/1/2038    300       317
  Kent State University College & University Revenue 5.000%   5/1/2038  1,300     1,439
  Kent State University College & University Revenue 5.000%   5/1/2039    300       316
  Kent State University College & University Revenue 5.000%   5/1/2040    450       473
  Kettering City School District COP 5.000%  12/1/2031    260       272
  Kettering City School District COP 4.000%  12/1/2033    270       275
  Kettering City School District COP 4.000%  12/1/2035    375       381
  Kettering City School District COP 3.375%  12/1/2046    295       250
1 Kettering City School District GO 5.250%  12/1/2031  1,000     1,048
  Kings Local School District GO 5.500%  12/1/2062  3,760     3,934
  Lake Local School District OH Wood County GO 4.000%  12/1/2058  7,000     6,034
  Lakewood City School District GO 4.000%  11/1/2030    235       239
  Lakewood City School District GO 4.000%  11/1/2031    440       447
  Lakewood City School District GO 4.000%  11/1/2032    245       248
  Lakewood City School District GO 4.000%  11/1/2033    375       379
  Lakewood City School District GO 4.000%  11/1/2034    380       384
  Lancaster Port Authority Natural Gas Revenue 5.000%   2/1/2029    240       250
  Lancaster Port Authority Natural Gas Revenue 5.000%   8/1/2029    285       299
  Lancaster Port Authority Natural Gas Revenue 5.000%   2/1/2030    280       295
  Lancaster Port Authority Natural Gas Revenue 5.000%   8/1/2030    285       302
  Lancaster Port Authority Natural Gas Revenue PUT 5.000%   8/1/2030  9,715    10,338
  Lexington Local School District GO 3.000%  10/1/2044    490       406
  Liberty Community Infrastructure Financing Authority Special Assessment Revenue 3.125%  12/1/2046    250       197
  Liberty-Benton Local School District GO 3.000%  11/1/2054  2,000     1,423
  Licking Heights Local School District GO 3.500%  10/1/2054    200       160
  Licking Heights Local School District GO 5.500%  10/1/2059  6,565     6,864
  Licking Knox & Del Counties Northridge Local School District GO 4.000%  10/1/2031    200       207
  Licking Knox & Del Counties Northridge Local School District GO 4.000%  10/1/2032    260       268
  Licking Knox & Del Counties Northridge Local School District GO 4.000%  10/1/2033    180       185
  Licking Knox & Del Counties Northridge Local School District GO 3.000%  10/1/2034    250       242
  Licking Knox & Del Counties Northridge Local School District GO 3.000%  10/1/2035    380       365
  Logan Elm Local School District GO 4.000%  11/1/2055    975       871
1 Lucas County OH Health, Hospital, Nursing Home Revenue 4.125% 11/15/2042    480       471
  Lucas County OH Health, Hospital, Nursing Home Revenue 4.000% 11/15/2045  1,410     1,224
  Lucas County OH Health, Hospital, Nursing Home Revenue 5.250% 11/15/2048  1,850     1,840
  Mahoning County OH Sewer System Sewer Revenue 3.000%  12/1/2028    100       100
  Mahoning County OH Sewer System Sewer Revenue 3.000%  12/1/2029    100       100
  Mahoning County OH Sewer System Sewer Revenue 3.000%  12/1/2030    200       200
  Mahoning County OH Sewer System Sewer Revenue 3.000%  12/1/2035    800       764
  Mahoning County OH Sewer System Sewer Revenue 2.125%  12/1/2040    100        74
  Medina County OH GO 4.000%  12/1/2029    165       165
  Medina County OH GO 4.000%  12/1/2031    160       160
  Medina County OH GO 3.000%  12/1/2035    270       261
  Medina County OH GO 3.000%  12/1/2037    500       469
  Miami County OH Health, Hospital, Nursing Home Revenue 5.000%   8/1/2028    100       104
  Miami University OH College & University Revenue 5.000%   9/1/2031    640       694
  Miami University OH College & University Revenue 5.000%   9/1/2036    685       740
  Miami Valley Career Technology Center GO 4.000%  12/1/2033    725       736
  Miami Valley Career Technology Center GO 5.000%  12/1/2044  4,550     4,650
  Middleburg Heights OH Health, Hospital, Nursing Home Revenue 4.000%   8/1/2041  1,630     1,530
  Middleburg Heights OH Health, Hospital, Nursing Home Revenue 4.000%   8/1/2041    550       519
  Middleburg Heights OH Health, Hospital, Nursing Home Revenue 4.000%   8/1/2047    285       246
  Mid-Ohio Water & Sewer District Water Revenue BANS 3.600%  5/26/2027    835       835
3 Midview Local School District COP 4.000%  11/1/2028    810       831
3 Midview Local School District COP 4.000%  11/1/2029    870       900
  Milford Exempted Village School District GO 4.000%  12/1/2034    300       309
  Milford Exempted Village School District GO 4.000%  12/1/2035    250       257
  Milford Exempted Village School District GO 4.000%  12/1/2036    150       154
  Milford Exempted Village School District GO 4.000%  12/1/2037    250       256
  Milford Exempted Village School District GO 4.000%  12/1/2040    225       228
7

 

Ohio Long-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  Montgomery County OH Health, Hospital, Nursing Home Revenue 5.000% 11/15/2026  1,130     1,138
  Montgomery County OH Health, Hospital, Nursing Home Revenue 5.000% 11/15/2028    230       239
  Montgomery County OH Health, Hospital, Nursing Home Revenue 5.000% 11/15/2031    500       523
  Montgomery County OH Health, Hospital, Nursing Home Revenue 5.000% 11/15/2033  2,000     2,081
  Montgomery County OH Health, Hospital, Nursing Home Revenue 5.000%   8/1/2034    175       189
  Montgomery County OH Health, Hospital, Nursing Home Revenue 5.000%   8/1/2036    300       319
  Montgomery County OH Health, Hospital, Nursing Home Revenue 3.000% 11/15/2036  1,530     1,316
  Montgomery County OH Health, Hospital, Nursing Home Revenue 4.000%   8/1/2037    450       448
  Montgomery County OH Health, Hospital, Nursing Home Revenue 4.000%   8/1/2038  1,950     1,965
  Montgomery County OH Health, Hospital, Nursing Home Revenue 5.000%   8/1/2038    375       395
  Montgomery County OH Health, Hospital, Nursing Home Revenue 4.000%   8/1/2039  1,000     1,002
  Montgomery County OH Health, Hospital, Nursing Home Revenue 5.000%   8/1/2039    270       284
  Montgomery County OH Health, Hospital, Nursing Home Revenue 3.000%   8/1/2040  4,060     3,554
  Montgomery County OH Health, Hospital, Nursing Home Revenue 4.000%   8/1/2040  3,000     2,983
  Montgomery County OH Health, Hospital, Nursing Home Revenue 3.000% 11/15/2040    120        93
  Montgomery County OH Health, Hospital, Nursing Home Revenue 4.000% 11/15/2042  4,130     3,788
  Montgomery County OH Health, Hospital, Nursing Home Revenue 4.000% 11/15/2045  1,015       888
  Montgomery County OH Health, Hospital, Nursing Home Revenue 4.000%   8/1/2046  4,525     4,182
  Montgomery County OH Health, Hospital, Nursing Home Revenue 3.000%   8/1/2051  1,700     1,212
  Montgomery County OH Health, Hospital, Nursing Home Revenue 4.000%   8/1/2051  2,340     2,059
  Montgomery County OH Health, Hospital, Nursing Home Revenue 4.000%   8/1/2051  5,060     4,447
  Montgomery County OH Health, Hospital, Nursing Home Revenue (Solvita Project) 5.250%   9/1/2049  1,100     1,116
  Montgomery County OH Health, Hospital, Nursing Home Revenue (Solvita Project) 5.250%   9/1/2054  4,850     4,859
2 Montgomery County OH Health, Hospital, Nursing Home Revenue VRDO 2.850%   6/1/2026  2,100     2,100
  Muskingum County OH GO 4.000%  12/1/2049  1,755     1,669
  Muskingum County OH GO 4.000%  12/1/2060  2,000     1,797
  New Albany Plain Local School District GO 5.250%  12/1/2059  2,000     2,120
  North Olmsted City School District GO 4.125% 10/15/2053  2,000     1,897
  North Ridgeville City School District GO 5.500%  12/1/2057  1,060     1,086
  North Ridgeville City School District GO 4.500%  12/1/2061  1,500     1,446
  Northeast Ohio Medical University College & University Revenue 5.000%  12/1/2026    100       101
  Northeast Ohio Medical University College & University Revenue 5.000%  12/1/2028    100       104
  Northeast Ohio Medical University College & University Revenue 5.000%  12/1/2029    230       242
  Northeast Ohio Medical University College & University Revenue 5.000%  12/1/2030    150       159
  Northeast Ohio Medical University College & University Revenue 4.000%  12/1/2035    750       752
  Northeast Ohio Medical University College & University Revenue 3.000%  12/1/2040  1,990     1,666
3 Northeast Ohio Medical University College & University Revenue 4.000%  12/1/2042  1,310     1,214
  Northeast Ohio Medical University College & University Revenue 4.000%  12/1/2045    900       811
  Northeast Ohio Regional Sewer District Sewer Revenue 3.000% 11/15/2040    205       179
  Oakwood City School District GO 5.000%  12/1/2039    200       216
  Oakwood City School District GO 5.000%  12/1/2040    500       539
  Oakwood City School District GO 5.000%  12/1/2042    655       702
  Oakwood City School District GO 5.000%  12/1/2044    375       398
  Oakwood City School District GO 5.000%  12/1/2045    455       480
  Oakwood City School District GO 5.000%  12/1/2046    815       852
  Ohio Air Quality Development Authority Electric Power & Light Revenue 3.875%   1/1/2036    645       646
  Ohio Air Quality Development Authority Electric Power & Light Revenue 4.350%  6/30/2040  1,500     1,515
  Ohio Air Quality Development Authority Electric Power & Light Revenue (Duke Energy Corp. Project) PUT 4.000%   6/1/2027 12,600    12,705
  Ohio Air Quality Development Authority Electric Power & Light Revenue (Ohio Valley Electric Corp. Program) 3.250%   9/1/2029  2,000     1,991
  Ohio Air Quality Development Authority Electric Power & Light Revenue PUT 3.500%   4/1/2030  1,715     1,721
  Ohio Appropriations Revenue 5.000% 12/15/2026  1,035     1,048
  Ohio Auto Parking Revenue 3.125% 11/15/2034    435       429
  Ohio Auto Parking Revenue 3.375% 11/15/2039  2,020     1,918
  Ohio GO 5.000%   5/1/2031  3,000     3,320
  Ohio GO 5.000%   5/1/2036  1,255     1,277
  Ohio GO 5.000%   3/1/2038  4,510     5,184
  Ohio GO 5.000%   3/1/2039    500       537
  Ohio GO 5.000%  11/1/2040  1,570     1,751
  Ohio GO 5.000%   3/1/2042  1,485     1,628
  Ohio GO 5.000%   5/1/2042  5,725     6,289
  Ohio GO 5.000%   3/1/2043  3,000     3,273
  Ohio GO 5.000%   3/1/2044 10,000    10,916
  Ohio GO 5.000%   5/1/2044 10,210    11,070
  Ohio GO 5.000%  6/15/2044  1,720     1,882
  Ohio GO VRDO 1.550%   6/3/2026  1,080     1,080
  Ohio Health, Hospital, Nursing Home Revenue 5.000% 11/15/2027    125       128
  Ohio Health, Hospital, Nursing Home Revenue 5.000%   1/1/2029  3,000     3,170
  Ohio Health, Hospital, Nursing Home Revenue 5.000%  1/15/2030    100       106
  Ohio Health, Hospital, Nursing Home Revenue 5.000%   1/1/2032  3,000     3,322
  Ohio Health, Hospital, Nursing Home Revenue 5.000% 11/15/2035  1,230     1,278
8

 

Ohio Long-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  Ohio Health, Hospital, Nursing Home Revenue 5.000%   1/1/2037    500       541
  Ohio Health, Hospital, Nursing Home Revenue 5.000%  1/15/2037  1,000     1,039
  Ohio Health, Hospital, Nursing Home Revenue 4.000% 11/15/2037  1,670     1,631
  Ohio Health, Hospital, Nursing Home Revenue 4.000% 11/15/2038  2,740     2,650
  Ohio Health, Hospital, Nursing Home Revenue 4.000%  1/15/2039  2,395     2,376
  Ohio Health, Hospital, Nursing Home Revenue 4.000% 11/15/2040  1,310     1,241
  Ohio Health, Hospital, Nursing Home Revenue 4.000% 11/15/2041  1,000       936
  Ohio Health, Hospital, Nursing Home Revenue 3.000%  1/15/2045    850       684
3 Ohio Health, Hospital, Nursing Home Revenue 3.000%  1/15/2045  1,500     1,240
  Ohio Health, Hospital, Nursing Home Revenue 3.550%   1/1/2046  3,000     2,651
  Ohio Health, Hospital, Nursing Home Revenue 4.000%   1/1/2046  1,345     1,254
  Ohio Health, Hospital, Nursing Home Revenue 3.000%  1/15/2046  1,060       832
  Ohio Health, Hospital, Nursing Home Revenue 2.250%   1/1/2049  8,000     5,007
  Ohio Health, Hospital, Nursing Home Revenue 4.000%  1/15/2050 15,445    13,422
3 Ohio Health, Hospital, Nursing Home Revenue 4.000%  1/15/2050  1,740     1,547
  Ohio Health, Hospital, Nursing Home Revenue VRDO 2.100%   6/1/2026  2,600     2,600
2 Ohio Health, Hospital, Nursing Home Revenue VRDO 1.550%   6/3/2026    400       400
  Ohio Health, Hospital, Nursing Home Revenue, Prere. 4.000%   1/1/2029     65        67
  Ohio Higher Educational Facility Commission Auto Parking Revenue (University Circle Inc. Project) 5.000%  1/15/2050  1,500     1,515
  Ohio Higher Educational Facility Commission College & University Revenue 5.000%  10/1/2027    105       107
  Ohio Higher Educational Facility Commission College & University Revenue 5.000%  11/1/2031  2,040     2,057
  Ohio Higher Educational Facility Commission College & University Revenue 5.000%  10/1/2035    150       152
  Ohio Higher Educational Facility Commission College & University Revenue 5.000%  10/1/2042    450       454
  Ohio Higher Educational Facility Commission College & University Revenue 4.000%   7/1/2044  1,500     1,415
  Ohio Higher Educational Facility Commission College & University Revenue (Baldwin Wallace University 2022 Project) 6.000%  12/1/2052  1,975     1,995
  Ohio Higher Educational Facility Commission College & University Revenue (Capital University 2022 Project) 5.750%   9/1/2037  2,605     2,698
  Ohio Higher Educational Facility Commission College & University Revenue (Capital University 2022 Project) 6.000%   9/1/2052  1,250     1,259
  Ohio Higher Educational Facility Commission College & University Revenue (College of Wooster Project) 5.000%   9/1/2038  1,225     1,255
  Ohio Higher Educational Facility Commission College & University Revenue (Denison University 2021 Project) 3.000%  11/1/2036    720       671
  Ohio Higher Educational Facility Commission College & University Revenue (Denison University 2021 Project) 3.000%  11/1/2037    720       661
  Ohio Higher Educational Facility Commission College & University Revenue (Denison University 2021 Project) 4.000%  11/1/2038    300       304
  Ohio Higher Educational Facility Commission College & University Revenue (Denison University 2021 Project) 4.000%  11/1/2039    300       303
  Ohio Higher Educational Facility Commission College & University Revenue (Denison University 2021 Project) 3.000%  11/1/2050  4,250     3,081
  Ohio Higher Educational Facility Commission College & University Revenue (Denison University 2023 Project) 5.000%  11/1/2048  1,000     1,030
  Ohio Higher Educational Facility Commission College & University Revenue (Denison University 2023 Project) 5.000%  11/1/2053  2,000     2,037
  Ohio Higher Educational Facility Commission College & University Revenue (Denison University 2025 Project) 5.000%   2/1/2041  1,400     1,526
  Ohio Higher Educational Facility Commission College & University Revenue (Denison University Project) 5.000%  11/1/2042  1,100     1,114
  Ohio Higher Educational Facility Commission College & University Revenue (John Carroll University 2022 Project) 4.000%  10/1/2047  1,940     1,599
  Ohio Higher Educational Facility Commission College & University Revenue (John Carroll University 2022 Project) 4.000%  10/1/2052  7,300     5,686
  Ohio Higher Educational Facility Commission College & University Revenue (John Carroll University Project) 4.000%  10/1/2045  1,000       847
  Ohio Higher Educational Facility Commission College & University Revenue (Kenyon College 2020 Project) 4.000%   7/1/2044  1,300     1,249
  Ohio Higher Educational Facility Commission College & University Revenue (Kenyon College 2023 Project) 5.000%   7/1/2036  3,500     3,837
  Ohio Higher Educational Facility Commission College & University Revenue (Kenyon College Project) 5.000%   7/1/2030    300       306
  Ohio Higher Educational Facility Commission College & University Revenue (Kenyon College Project) 5.000%   7/1/2031    550       561
  Ohio Higher Educational Facility Commission College & University Revenue (Kenyon College Project) 5.000%   7/1/2032    275       280
  Ohio Higher Educational Facility Commission College & University Revenue (Ohio Wesleyan University Project) 5.000%  10/1/2026    475       478
  Ohio Higher Educational Facility Commission College & University Revenue (Ohio Wesleyan University Project) 5.000%  10/1/2028  1,140     1,187
  Ohio Higher Educational Facility Commission College & University Revenue (Ohio Wesleyan University Project) 5.000%  10/1/2029  1,015     1,072
  Ohio Higher Educational Facility Commission College & University Revenue (Ohio Wesleyan University Project) 5.000%  10/1/2030    740       777
  Ohio Higher Educational Facility Commission College & University Revenue (Ohio Wesleyan University Project) 5.000%  10/1/2031    200       209
  Ohio Higher Educational Facility Commission College & University Revenue (Ohio Wesleyan University Project) 4.000%  10/1/2049  2,180     1,792
  Ohio Higher Educational Facility Commission College & University Revenue (Otterbein University 2022 Project) 4.000%  12/1/2046  2,375     2,014
  Ohio Higher Educational Facility Commission College & University Revenue (Tiffin University 2019 Project) 5.000%  11/1/2034  2,875     2,882
  Ohio Higher Educational Facility Commission College & University Revenue (Tiffin University 2019 Project) 5.000%  11/1/2039  4,890     4,832
  Ohio Higher Educational Facility Commission College & University Revenue (Tiffin University 2019 Project) 5.000%  11/1/2044  1,980     1,862
  Ohio Higher Educational Facility Commission College & University Revenue (University Findlay Project) 5.000%   3/1/2039  2,905     2,905
  Ohio Higher Educational Facility Commission College & University Revenue (University Findlay Project) 5.000%   3/1/2044  2,890     2,759
  Ohio Higher Educational Facility Commission College & University Revenue (University of Dayton 2018 Project) 5.000%  12/1/2028    200       209
  Ohio Higher Educational Facility Commission College & University Revenue (University of Dayton 2020 Project) 5.000%   2/1/2033    130       138
9

 

Ohio Long-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  Ohio Higher Educational Facility Commission College & University Revenue (University of Dayton 2020 Project) 5.000%   2/1/2034    875       926
  Ohio Higher Educational Facility Commission College & University Revenue (University of Dayton 2020 Project) 5.000%   2/1/2035    800       843
  Ohio Higher Educational Facility Commission College & University Revenue (University of Dayton 2020 Project) 4.000%   2/1/2036    250       253
  Ohio Higher Educational Facility Commission College & University Revenue (University of Dayton 2020 Project) 3.000%   2/1/2037    250       227
  Ohio Higher Educational Facility Commission College & University Revenue (University of Dayton 2020 Project) 4.000%   2/1/2038    925       928
  Ohio Higher Educational Facility Commission College & University Revenue (University of Dayton 2020 Project) 3.000%   2/1/2040    400       345
  Ohio Higher Educational Facility Commission College & University Revenue (University of Dayton 2020 Project) 3.000%   2/1/2042    640       528
  Ohio Higher Educational Facility Commission College & University Revenue (University of Dayton 2022 Project) 4.000%   2/1/2052  2,125     1,820
  Ohio Higher Educational Facility Commission College & University Revenue (Xavier University 2020 Project) 4.000%   5/1/2037    595       573
  Ohio Higher Educational Facility Commission College & University Revenue (Xavier University 2020 Project) 4.000%   5/1/2038    170       162
  Ohio Higher Educational Facility Commission College & University Revenue (Xavier University 2020 Project) 4.000%   5/1/2039  1,005       950
  Ohio Higher Educational Facility Commission College & University Revenue (Xavier University 2020 Project) 4.000%   5/1/2040    600       561
  Ohio Higher Educational Facility Commission College & University Revenue (Xavier University 2024 Project) 5.000%   5/1/2041    935       961
  Ohio Higher Educational Facility Commission College & University Revenue (Xavier University 2024 Project) 5.000%   5/1/2045    790       790
  Ohio Higher Educational Facility Commission College & University Revenue (Xavier University 2024 Project) 5.250%   5/1/2054  8,695     8,398
  Ohio Higher Educational Facility Commission Health, Hospital, Nursing Home Revenue 4.000%   7/1/2026    935       935
  Ohio Higher Educational Facility Commission Health, Hospital, Nursing Home Revenue 4.000%   7/1/2027    975       983
  Ohio Higher Educational Facility Commission Health, Hospital, Nursing Home Revenue 4.000%   7/1/2028  1,015     1,031
  Ohio Higher Educational Facility Commission Health, Hospital, Nursing Home Revenue 4.000%   7/1/2029  1,055     1,078
  Ohio Higher Educational Facility Commission Health, Hospital, Nursing Home Revenue 4.000%   7/1/2030  1,000     1,027
  Ohio Higher Educational Facility Commission Health, Hospital, Nursing Home Revenue 4.000%   7/1/2032    375       387
  Ohio Higher Educational Facility Commission Health, Hospital, Nursing Home Revenue 4.000%   7/1/2035    420       427
  Ohio Higher Educational Facility Commission Health, Hospital, Nursing Home Revenue 5.250%   1/1/2039  1,555     1,638
  Ohio Higher Educational Facility Commission Health, Hospital, Nursing Home Revenue 4.000%   7/1/2039  1,000       997
  Ohio Higher Educational Facility Commission Health, Hospital, Nursing Home Revenue 5.000%  12/1/2042  1,310     1,323
  Ohio Higher Educational Facility Commission Health, Hospital, Nursing Home Revenue 5.000%  12/1/2045  1,325     1,320
  Ohio Higher Educational Facility Commission Health, Hospital, Nursing Home Revenue 4.000%   7/1/2046    350       313
  Ohio Higher Educational Facility Commission Health, Hospital, Nursing Home Revenue 5.250%   1/1/2047    250       253
  Ohio Higher Educational Facility Commission Health, Hospital, Nursing Home Revenue 5.000%  12/1/2050  3,600     3,414
  Ohio Higher Educational Facility Commission Health, Hospital, Nursing Home Revenue 5.250%   1/1/2052  2,500     2,490
  Ohio Higher Educational Facility Commission Health, Hospital, Nursing Home Revenue VRDO 2.800%   6/1/2026  5,180     5,180
  Ohio Higher Educational Facility Commission Health, Hospital, Nursing Home Revenue VRDO 2.800%   6/1/2026  1,300     1,300
  Ohio Housing Finance Agency Local or Guaranteed Housing Revenue 3.910%  11/1/2036  2,090     2,066
  Ohio Housing Finance Agency Local or Guaranteed Housing Revenue 4.550%   4/1/2041  1,990     2,056
  Ohio Housing Finance Agency Local or Guaranteed Housing Revenue 2.700%   9/1/2046  5,740     4,396
  Ohio Housing Finance Agency Local or Guaranteed Housing Revenue 7.000%   3/1/2049  1,350     1,570
  Ohio Housing Finance Agency Local or Guaranteed Housing Revenue 7.500%   3/1/2049  1,000     1,203
  Ohio Housing Finance Agency Local or Guaranteed Housing Revenue 3.250%   3/1/2050    595       590
  Ohio Housing Finance Agency Local or Guaranteed Housing Revenue 2.450%   9/1/2051  1,575     1,077
  Ohio Housing Finance Agency Local or Guaranteed Housing Revenue 3.000%   3/1/2052  2,345     2,313
  Ohio Housing Finance Agency Local or Guaranteed Housing Revenue 5.000%   3/1/2052  9,630     9,973
  Ohio Housing Finance Agency Local or Guaranteed Housing Revenue 5.750%   3/1/2054  5,710     6,019
  Ohio Housing Finance Agency Local or Guaranteed Housing Revenue 4.700%   9/1/2054  1,705     1,700
  Ohio Housing Finance Agency Local or Guaranteed Housing Revenue 6.000%   3/1/2055    960     1,046
  Ohio Housing Finance Agency Local or Guaranteed Housing Revenue 6.250%   3/1/2055  2,940     3,182
  Ohio Housing Finance Agency Local or Guaranteed Housing Revenue 6.250%   3/1/2055  3,490     3,803
  Ohio Housing Finance Agency Local or Guaranteed Housing Revenue 6.250%   3/1/2055  2,890     3,156
  Ohio Housing Finance Agency Local or Guaranteed Housing Revenue 4.700%   9/1/2055  2,975     2,970
  Ohio Housing Finance Agency Local or Guaranteed Housing Revenue 6.250%   3/1/2056  2,815     3,091
  Ohio Housing Finance Agency Local or Guaranteed Housing Revenue 6.250%   3/1/2057  1,760     1,969
4,5 Ohio Housing Finance Agency Local or Guaranteed Housing Revenue (Ashford at Central Park Projects) 6.250%   1/1/2046    350       353
  Ohio Housing Finance Agency Local or Guaranteed Housing Revenue (First-Time Homebuyer Program) 3.750%   9/1/2050  2,485     2,491
4 Ohio Housing Finance Agency Local or Guaranteed Housing Revenue (Green Oaks Fairborn Projects) 6.125%   1/1/2046    640       652
  Ohio Housing Finance Agency Local or Guaranteed Housing Revenue (Green Oaks of Holland Project) 6.300%   1/1/2045    430       444
  Ohio Housing Finance Agency Local or Guaranteed Housing Revenue (Mortgage-Backed Securities Program) 2.450%   9/1/2037  5,060     4,255
  Ohio Housing Finance Agency Local or Guaranteed Housing Revenue (Mortgage-Backed Securities Program) 4.500%   3/1/2047    400       401
  Ohio Housing Finance Agency Local or Guaranteed Housing Revenue (Mortgage-Backed Securities Program) 4.000%   3/1/2048  1,215     1,216
  Ohio Housing Finance Agency Local or Guaranteed Housing Revenue (Mortgage-Backed Securities Program) 3.250%   9/1/2052  2,380     2,358
10

 

Ohio Long-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  Ohio Housing Finance Agency Local or Guaranteed Housing Revenue (Mortgage-Backed Securities Program) 6.375%   3/1/2056  1,820     2,063
4 Ohio Housing Finance Agency Local or Guaranteed Housing Revenue (Silver Birch of Mason Project) 6.100%   1/1/2046    315       323
  Ohio Housing Finance Agency Local or Guaranteed Housing Revenue (Springboro Sherman Apartments Project) PUT 3.530%   2/1/2027  1,890     1,896
  Ohio Housing Finance Agency Local or Guaranteed Housing Revenue PUT 5.000%   2/1/2027  1,000     1,002
  Ohio Housing Finance Agency Local or Guaranteed Housing Revenue PUT 3.370%   3/1/2027    740       742
  Ohio Housing Finance Agency Local or Guaranteed Housing Revenue PUT 2.680%   7/1/2028    140       139
  Ohio Housing Finance Agency Local or Guaranteed Housing Revenue PUT 2.750%  10/1/2028    330       327
2,4 Ohio Housing Finance Agency Local or Guaranteed Housing Revenue TOB VRDO 3.100%   6/1/2026 11,420    11,420
  Ohio Lease (Appropriation) Revenue (Mental Health Facilities Improvement Fund Projects) 5.000%   6/1/2028    160       168
  Ohio Lease (Appropriation) Revenue (Parks & Recreation Improvement Fund Projects) VRDO 1.600%   6/3/2026    150       150
  Ohio Miscellaneous Revenue 5.000% 12/15/2036  1,700     1,914
  Ohio Miscellaneous Revenue 5.000% 12/15/2037  1,475     1,650
  Ohio Special Obligation Revenue (Administrative Building Fund Projects) 5.000%   4/1/2038  5,585     5,921
  Ohio Special Obligation Revenue (Administrative Building Fund Projects) 5.000%   4/1/2040  4,000     4,213
  Ohio Special Obligation Revenue (Administrative Building Fund Projects) 5.000%   4/1/2041    750       797
  Ohio Special Obligation Revenue (Administrative Building Fund Projects) 5.000%  10/1/2043  5,000     5,447
  Ohio Special Obligation Revenue VRDO 1.550%   6/3/2026    250       250
  Ohio State University College & University Revenue 4.000%  12/1/2039  2,230     2,263
8 Ohio State University College & University Revenue 4.000%  12/1/2048 15,000    14,218
  Ohio State University College & University Revenue (Multiyear Debt Issuance Program II) 5.000%   6/1/2035  5,000     5,775
  Ohio State University College & University Revenue (Multiyear Debt Issuance Program) 5.250%  12/1/2046 13,145    14,088
  Ohio State University College & University Revenue VRDO 1.450%   6/3/2026    615       615
  Ohio State University College & University Revenue VRDO 1.550%   6/3/2026    100       100
  Ohio State University College & University Revenue VRDO 1.550%   6/3/2026  1,900     1,900
  Ohio Turnpike & Infrastructure Commission Highway Revenue 5.000%  2/15/2028    125       130
  Ohio Turnpike & Infrastructure Commission Highway Revenue 5.700%  2/15/2034    500       560
  Ohio Turnpike & Infrastructure Commission Highway Revenue 0.000%  2/15/2036  1,825     1,298
  Ohio Turnpike & Infrastructure Commission Highway Revenue 0.000%  2/15/2037  7,975     5,405
  Ohio Turnpike & Infrastructure Commission Highway Revenue 0.000%  2/15/2038  9,615     6,213
  Ohio Turnpike & Infrastructure Commission Highway Revenue 5.000%  2/15/2038    430       472
  Ohio Turnpike & Infrastructure Commission Highway Revenue 5.000%  2/15/2039  3,355     3,672
  Ohio Turnpike & Infrastructure Commission Highway Revenue 0.000%  2/15/2040  3,155     1,849
  Ohio Turnpike & Infrastructure Commission Highway Revenue 0.000%  2/15/2043  1,500       758
  Ohio Turnpike & Infrastructure Commission Highway Revenue 5.000%  2/15/2043  5,000     5,087
  Ohio Turnpike & Infrastructure Commission Highway Revenue 4.000%  2/15/2046  9,500     9,116
  Ohio Turnpike & Infrastructure Commission Highway Revenue 5.000%  2/15/2046  2,000     2,088
  Ohio Turnpike & Infrastructure Commission Highway Revenue 5.000%  2/15/2051  3,905     4,025
  Ohio Turnpike & Infrastructure Commission Highway Revenue (Infrastructure Projects) 4.000%  2/15/2037  1,210     1,221
  Ohio University College & University Revenue 5.250%  12/1/2054  5,345     5,587
  Ohio Water Development Authority Intergovernmental Agreement Revenue 5.000%  12/1/2035    135       148
  Ohio Water Development Authority Lease Revenue 5.000%  12/1/2037  1,125     1,191
  Ohio Water Development Authority Lease Revenue 5.000%  12/1/2039  5,025     5,294
  Ohio Water Development Authority Lease Revenue 5.000%   6/1/2044  1,000     1,041
  Ohio Water Development Authority Water Pollution Control Loan Fund Lease Revenue 5.000%  12/1/2036  2,000     2,123
  Ohio Water Development Authority Water Pollution Control Loan Fund Water Revenue 4.000%  12/1/2037    125       128
  Ohio Water Development Authority Water Pollution Control Loan Fund Water Revenue 5.000%  12/1/2037  5,000     5,331
  Ohio Water Development Authority Water Pollution Control Loan Fund Water Revenue 5.000%  12/1/2040  2,705     2,861
  Ohio Water Development Authority Water Pollution Control Loan Fund Water Revenue 5.000%  12/1/2042  6,980     7,663
  Ohio Water Development Authority Water Pollution Control Loan Fund Water Revenue 5.000%  12/1/2042  1,980     2,184
  Ohio Water Development Authority Water Pollution Control Loan Fund Water Revenue 5.000%  12/1/2043  3,000     3,274
  Ohio Water Development Authority Water Pollution Control Loan Fund Water Revenue 5.000%  12/1/2044  5,280     5,722
  Ohio Water Development Authority Water Pollution Control Loan Fund Water Revenue 5.000%  12/1/2046  2,000     2,100
  Ohio Water Development Authority Water Revenue 5.000%   6/1/2026    300       300
  Ohio Water Development Authority Water Revenue 5.000%  12/1/2026    475       481
  Ohio Water Development Authority Water Revenue 5.000%  12/1/2035  1,000     1,091
  Ohio Water Development Authority Water Revenue 5.000%  12/1/2036    450       489
  Ohio Water Development Authority Water Revenue 5.000%  12/1/2040  3,000     3,311
  Ohio Water Development Authority Water Revenue 5.000%  12/1/2041  5,000     5,537
  Ohio Water Development Authority Water Revenue 5.000%  12/1/2041  2,000     2,238
  Ohio Water Development Authority Water Revenue 5.000%  12/1/2042 12,400    13,783
  Ohio Water Development Authority Water Revenue 5.000%  12/1/2043  2,775     3,069
  Ohio Water Development Authority Water Revenue 5.000%  12/1/2044  2,125     2,311
  Ohio Water Development Authority Water Revenue 5.000%  12/1/2044  2,725     2,988
  Ohio Water Development Authority Water Revenue 5.250%  12/1/2047  3,000     3,264
  Olentangy Local School District GO 4.000%  12/1/2034    475       481
  Olentangy Local School District GO 5.000%  12/1/2044  5,395     5,899
5 Oxford OH Miami University College & University Revenue 5.000%   9/1/2045  1,745     1,879
5 Oxford OH Miami University College & University Revenue 5.250%   9/1/2047  1,575     1,697
11

 

Ohio Long-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
5 Oxford OH Miami University College & University Revenue 5.250%   9/1/2048  3,000     3,212
5 Oxford OH Miami University College & University Revenue 5.250%   9/1/2049  3,620     3,863
3 Perry Lake County Local School District COP 3.000%  12/1/2034    675       645
3 Perry Lake County Local School District COP 3.000%  12/1/2036  1,205     1,120
3 Perry Lake County Local School District COP 3.000%  12/1/2038  1,215     1,097
  Pickerington Local School District GO 4.000%  12/1/2038  1,000     1,026
  Pickerington Local School District GO 4.000%  12/1/2039  1,000     1,018
  Pickerington Local School District GO 5.250%  12/1/2059  2,000     2,074
1 Port of Greater Cincinnati Development Authority Auto Parking Revenue 5.000%  12/1/2055  2,860     2,905
1 Port of Greater Cincinnati Development Authority Auto Parking Revenue 5.000%  12/1/2060  2,400     2,433
  Port of Greater Cincinnati Development Authority Intergovernmental Agreement Revenue (Duke Energy Convention Center Project) 5.000%  12/1/2053  2,220     2,245
1 Port of Greater Cincinnati Development Authority Intergovernmental Agreement Revenue (Duke Energy Convention Center Project) 5.250%  12/1/2058  1,150     1,198
  Port of Greater Cincinnati Development Authority Intergovernmental Agreement Revenue (Duke Energy Convention Center Project) 5.000%  12/1/2063  4,000     4,061
  Port of Greater Cincinnati Development Authority Intergovernmental Agreement Revenue (Duke Energy Convention Center Project) 5.000%  12/1/2063  4,265     4,291
1 Port of Greater Cincinnati Development Authority Intergovernmental Agreement Revenue (Duke Energy Convention Center Project) 5.250%  12/1/2063  1,600     1,664
  Port of Greater Cincinnati Development Authority Revenue PUT 4.375%  6/15/2026  1,000       999
  Port of Greater Cincinnati Development Authority Tax Increment/Allocation Revenue 5.000%  11/1/2051  2,000     1,963
  Port of Greater Cincinnati Development Authority Tax Increment/Allocation Revenue (RBM Phase 3 Garage Project) 5.000%  12/1/2044  1,500     1,542
  Port of Greater Cincinnati Development Authority Tax Increment/Allocation Revenue (RBM Phase 3 Garage Project) 5.125%  12/1/2055  1,500     1,494
2,4 Public Finance Authority Health, Hospital, Nursing Home Revenue TOB VRDO 1.630%   6/4/2026  2,500     2,500
  Reynoldsburg OH GO 3.550%  12/1/2042    640       603
  Reynoldsburg OH GO 3.600%  12/1/2048    670       572
  Ross County OH Health, Hospital, Nursing Home Revenue 5.000%  12/1/2029    220       231
  Ross County OH Health, Hospital, Nursing Home Revenue 5.000%  12/1/2039  2,000     2,044
  Rossford Exempted Village School District (School Facilities Project) COP 5.000%  12/1/2037    900       958
  Rossford Exempted Village School District (School Facilities Project) COP 4.000%  12/1/2047  1,000       932
  Rossford Exempted Village School District (School Facilities Project) COP 4.125%  12/1/2051    900       818
  Rossford Exempted Village School District GO 4.000%  12/1/2053  2,180     1,934
  Shaker Heights City School District GO 5.250% 12/15/2054  3,275     3,419
  Shaker Heights City School District GO 5.250% 12/15/2059  7,695     8,018
  Shaker Heights City School District GO 5.500%  11/1/2062  2,000     2,144
3 Sharonville OH Special Obligation Revenue 4.000%  12/1/2029  1,400     1,450
  Sharonville OH Special Obligation Revenue 4.000%  12/1/2039    550       557
3 Southeast Wayne County Local School District COP 4.000%  12/1/2036    350       357
3 Southeast Wayne County Local School District COP 4.000%  12/1/2037    350       356
  Southwest Licking Local School District GO 4.000%  11/1/2034    500       504
  Southwest Licking Local School District GO 3.375%  11/1/2047    120        99
  South-Western City School District GO 3.000%  12/1/2033     30        29
  Springfield-Clark County Career Technology Center GO 5.000%  10/1/2061  2,000     2,030
  Summit County Development Finance Authority Auto Parking Revenue (University of Akron Parking Project) 5.750%  12/1/2053  4,160     4,383
  Summit County Development Finance Authority Auto Parking Revenue (University of Akron Parking Project) 6.000%  12/1/2058  2,690     2,863
3 Summit County Development Finance Authority Local or Guaranteed Housing Revenue (PRG - Akron Properties LLC – The University of Akron Project) 5.500%   7/1/2060  5,680     5,894
3 Summit County Development Finance Authority Local or Guaranteed Housing Revenue (PRG - Akron Properties LLC – The University of Akron Project) 5.000%   7/1/2065  5,275     5,204
  Summit County Green Local School District GO 5.000%  11/1/2052  2,500     2,540
  Toledo City School District GO 5.000%  12/1/2054  3,000     3,099
  Toledo Lucas County Public Library GO 5.000%  12/1/2054  3,000     3,101
  Toledo OH Water System Water Revenue 5.000% 11/15/2037  5,040     5,368
  Toledo-Lucas County Port Authority Local or Guaranteed Housing Revenue (CHF-Toledo LLC-University Toledo Project) 5.000%   7/1/2034    950       950
  Toledo-Lucas County Port Authority Local or Guaranteed Housing Revenue (CHF-Toledo LLC-University Toledo Project) 5.000%   7/1/2039    950       938
  Tolles Career & Technical Center (School Facilities Project) COP 5.250%  12/1/2053  1,000     1,028
  Troy OH City School District GO 5.000%  12/1/2043    500       534
  Troy OH City School District GO 5.000%  12/1/2044    550       584
  Troy OH City School District GO 5.000%  12/1/2054  2,000     2,058
3 Tuscarawas Valley Local School District (School Facilities Project) COP 4.000%  12/1/2029    365       376
3 Tuscarawas Valley Local School District (School Facilities Project) COP 4.000%  12/1/2030    375       386
3 Tuscarawas Valley Local School District (School Facilities Project) COP 4.000%  12/1/2031    480       492
3 Tuscarawas Valley Local School District (School Facilities Project) COP 4.000%  12/1/2032    400       408
3 Tuscarawas Valley Local School District (School Facilities Project) COP 4.000%  12/1/2033    435       443
3 Tuscarawas Valley Local School District (School Facilities Project) COP 3.000%  12/1/2034    315       302
3 Tuscarawas Valley Local School District (School Facilities Project) COP 3.000%  12/1/2035    450       425
12

 

Ohio Long-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
3 Tuscarawas Valley Local School District (School Facilities Project) COP 3.000%  12/1/2036    850       788
3 Tuscarawas Valley Local School District (School Facilities Project) COP 3.000%  12/1/2049  1,395     1,037
  Union County OH GO 5.000%  12/1/2027    215       220
  Union County OH GO 5.000%  12/1/2037    950       961
  Union County OH GO 5.000%  12/1/2038    615       621
  University of Akron College & University Revenue 5.000%   1/1/2030    510       542
  University of Akron College & University Revenue, ETM 5.000%   1/1/2030     20        21
  University of Cincinnati College & University Revenue 3.500%   6/1/2032  1,230     1,230
  University of Cincinnati College & University Revenue 5.000%   6/1/2036    180       186
  University of Cincinnati College & University Revenue 3.000%   6/1/2039  1,530     1,384
  University of Cincinnati College & University Revenue 5.000%   6/1/2039  1,070     1,174
  University of Cincinnati College & University Revenue 5.000%   6/1/2041  1,180     1,282
  University of Cincinnati College & University Revenue 5.000%   6/1/2041    760       829
  University of Cincinnati College & University Revenue 5.000%   6/1/2042    845       916
  University of Cincinnati College & University Revenue 5.250%   6/1/2049  4,500     4,760
  University of Cincinnati College & University Revenue 5.250%   6/1/2054 10,100    10,556
  University of Toledo College & University Revenue 5.000%   6/1/2026    100       100
  University of Toledo College & University Revenue 5.000%   6/1/2027    100       102
  University of Toledo College & University Revenue 5.000%   6/1/2029  1,250     1,276
4 University of Toledo College & University Revenue TOB VRDO 3.050%   6/1/2026    790       790
4 University of Toledo College & University Revenue TOB VRDO 3.050%   6/1/2026 13,700    13,700
  Upper Arlington OH Nontax Special Obligation Revenue 4.000%  12/1/2033    175       181
  Upper Arlington OH Nontax Special Obligation Revenue 4.000%  12/1/2034    150       154
  Upper Arlington OH Nontax Special Obligation Revenue 4.000%  12/1/2036    320       326
  Upper Arlington OH Nontax Special Obligation Revenue 5.000%  12/1/2055  3,000     3,060
  Valley View Local School District GO 3.000%  11/1/2051  2,400     1,712
  Warren County OH Health, Hospital, Nursing Home Revenue 5.000%   7/1/2026    350       350
  Warren County OH Health, Hospital, Nursing Home Revenue 5.000%   7/1/2028    830       862
  Warren County OH Health, Hospital, Nursing Home Revenue 5.000%   7/1/2030    570       601
  Warren County OH Health, Hospital, Nursing Home Revenue 5.000%   7/1/2031    570       571
  Warren County OH Health, Hospital, Nursing Home Revenue 5.000%   7/1/2032    625       657
  Warren County OH Health, Hospital, Nursing Home Revenue 4.000%   7/1/2036  1,000     1,007
  Warren County OH Health, Hospital, Nursing Home Revenue 4.000%   7/1/2037  1,000     1,005
  Warren County OH Health, Hospital, Nursing Home Revenue 4.000%   7/1/2045  1,695     1,558
3 Warrensville Heights City School District GO 5.000%  12/1/2034    115       115
  West Carrollton City School District GO 3.000%  12/1/2039  1,125     1,006
  West Central Ohio Port Authority Miscellaneous Revenue (Global Impact Stem Academy Project) 5.500%  12/1/2055  1,220     1,229
  West Central Ohio Port Authority Miscellaneous Revenue (Global Impact Stem Academy Project) 5.500%  12/1/2062  1,445     1,446
  Westerville City School District (School Facilities Project) COP 5.000%  12/1/2036    475       485
  Westfall Local School District GO 4.000%  12/1/2033    200       208
  Westfall Local School District GO 4.000%  12/1/2036    250       257
  Westfall Local School District GO 2.375%  12/1/2050    425       266
  Wickliffe City School District GO 3.000%  12/1/2039    400       357
  Wickliffe City School District GO 3.000%  12/1/2040    215       189
  Wickliffe City School District GO 4.000%  12/1/2050  3,080     2,757
  Winton Woods City School District GO 0.000%  11/1/2029    885       791
  Winton Woods City School District GO 0.000%  11/1/2030  1,005       864
  Winton Woods City School District GO 0.000%  11/1/2031  1,020       844
  Winton Woods City School District GO 0.000%  11/1/2032  1,140       904
  Worthington City School District GO 5.000%  12/1/2041  2,000     2,161
  Worthington City School District GO 5.000%  12/1/2043  1,370     1,466
  Worthington City School District GO 3.750%  12/1/2048  1,425     1,254
  Worthington City School District GO 5.500%  12/1/2054 11,000    11,648
3 Wright State University College & University Revenue 5.000%   5/1/2028    570       593
3 Wright State University College & University Revenue 5.000%   5/1/2029    595       630
3 Wright State University College & University Revenue 5.000%   5/1/2030    240       258
  Wynford Local School District GO 3.750%  11/1/2054    325       272
  Wyoming City School District GO 5.000%  12/1/2061 10,325    10,592
3 Yellow Springs Exempt Village School District GO 5.500%  12/1/2060  1,000     1,043
1 Youngstown State University College & University Revenue 4.000% 12/15/2030    250       261
1 Youngstown State University College & University Revenue 4.000% 12/15/2031  1,160     1,206
1 Youngstown State University College & University Revenue 4.000% 12/15/2032  1,250     1,294
                              1,518,644
American Samoa (0.0%)
4 American Samoa Economic Development Authority Income Tax Revenue 5.250%   9/1/2045    100       101
Guam (0.2%)
  Guam Government Waterworks Authority Water Revenue 5.500%   7/1/2043    100       109
  Guam Miscellaneous Taxes Revenue 4.000%   1/1/2042  1,150     1,113
13

 

Ohio Long-Term Tax-Exempt Fund
    Coupon Maturity
Date 		Face
Amount
($000) 		Market
Value•

($000)
  Guam Power Authority Electric Power & Light Revenue 5.000%  10/1/2039    140       150
  Guam Power Authority Electric Power & Light Revenue 5.000%  10/1/2041    375       391
  Guam Power Authority Electric Power & Light Revenue 5.000%  10/1/2044    375       391
  Guam Power Authority Electric Power & Light Revenue 5.000%  10/1/2044     25        26
                                  2,180
Puerto Rico (1.5%)
  Commonwealth of Puerto Rico GO 5.625%   7/1/2027  3,255     3,306
  Commonwealth of Puerto Rico GO 5.625%   7/1/2029  2,421     2,544
  Commonwealth of Puerto Rico GO 5.750%   7/1/2031  1,512     1,637
  Commonwealth of Puerto Rico GO 0.000%   7/1/2033    417       304
  Commonwealth of Puerto Rico GO 4.000%   7/1/2033    851       852
  Commonwealth of Puerto Rico GO 4.000%   7/1/2035  5,743     5,723
  Commonwealth of Puerto Rico GO 4.000%   7/1/2037    255       252
  Commonwealth of Puerto Rico GO 4.000%   7/1/2041    200       190
4 Puerto Rico Commonwealth Aqueduct & Sewer Authority Water Revenue 5.000%   7/1/2030    635       663
4 Puerto Rico Commonwealth Aqueduct & Sewer Authority Water Revenue 5.000%   7/1/2033  1,350     1,416
4 Puerto Rico Commonwealth Aqueduct & Sewer Authority Water Revenue 5.000%   7/1/2033    780       823
4 Puerto Rico Commonwealth Aqueduct & Sewer Authority Water Revenue 5.000%   7/1/2037    290       302
4 Puerto Rico Commonwealth Aqueduct & Sewer Authority Water Revenue 5.000%   7/1/2037    250       260
4 Puerto Rico Commonwealth Aqueduct & Sewer Authority Water Revenue 5.000%   7/1/2037     35        37
4 Puerto Rico Commonwealth Aqueduct & Sewer Authority Water Revenue 4.000%   7/1/2042    250       240
  Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue 0.000%   7/1/2027    469       453
  Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue 0.000%   7/1/2029    415       376
  Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue 0.000%   7/1/2031    676       568
  Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue 0.000%   7/1/2033    231       180
  Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue 4.329%   7/1/2040  1,523     1,517
  Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue 4.329%   7/1/2040     92        92
  Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue 4.784%   7/1/2058  1,000       961
                                 22,696
Total Tax-Exempt Municipal Bonds (Cost $1,575,845) 1,543,621
Taxable Municipal Bonds (0.1%)
Puerto Rico (0.1%)
  Commonwealth of Puerto Rico CVI 0.000%  11/1/2043  2,061     1,422
  Commonwealth of Puerto Rico CVI 0.000%  11/1/2051    794       558
Total Taxable Municipal Bonds (Cost $1,753) 1,980
Total Investments (99.9%) (Cost $1,577,598) 1,545,601
Other Assets and Liabilities—Net (0.1%) 2,068
Net Assets (100%) 1,547,669
Cost is in $000.
• See Note A in Notes to Financial Statements.
1 Scheduled principal and interest payments are guaranteed by Assured Guaranty Inc.
2 Scheduled principal and interest payments are guaranteed by bank letter of credit.
3 Scheduled principal and interest payments are guaranteed by Build America Mutual Assurance Co.
4 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, 2026, the aggregate value was $46,916, representing 3.0% of net assets.
5 Includes securities purchased on a when-issued or delayed-delivery basis for which the fund has not taken delivery as of May 31, 2026.
6 The issuer was placed under federal conservatorship in September 2008; since that time, its daily operations have been managed by the Federal Housing Finance Agency and it receives capital from the U.S. Treasury, as needed to maintain a positive net worth, in exchange for senior preferred stock.
7 Scheduled principal and interest payments are guaranteed by Ambac Assurance Corp.
8 Securities with a value of $489 have been segregated as initial margin for open futures contracts.
  COP—Certificate of Participation.
  CVI—Contingent Value Instruments.
  ETM—Escrowed to Maturity.
  GO—General Obligation Bond.
  Prere.—Prerefunded.
  PUT—Put Option Obligation.
  TOB—Tender Option Bond.
  VRDO—Variable Rate Demand Obligation.
14

 

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 2026 67 13,840 29
5-Year U.S. Treasury Note September 2026 85 9,113 45
10-Year U.S. Treasury Note September 2026 29 3,185 11
Ultra 10-Year U.S. Treasury Note September 2026 33 3,698 15
        100
 
Short Futures Contracts        
Ultra Long U.S. Treasury Bond September 2026 (72) (8,237) (52)
        48
    
                 
Over-the-Counter Swaps - Municipal Market Data Rate Locks    
Termination
Date 		Counterparty Notional
Amount
($000) 		Buy/Sell Reference
Index 		Strike
Rate 		Value
($000) 		Unrealized
Appreciation
($000) 		Unrealized
(Depreciation)
($000)
6/29/2026 RBC 260 Buy 10-Year MMD AAA General Obligation Scale 3.380% 9 9 —
8/18/2026 RBC 293 Buy 30-Year MMD AAA General Obligation Scale 4.770% 21 21 —
9/10/2026 JPMC 1,500 Buy 10-Year MMD AAA General Obligation Scale 3.190% 10 10 —
9/25/2026 JPMC 645 Buy 10-Year MMD AAA General Obligation Scale 3.360% 14 14 —
9/28/2026 JPMC 325 Buy 10-Year MMD AAA General Obligation Scale 3.400% 9 9 —
9/28/2026 RBC 65 Buy 10-Year MMD AAA General Obligation Scale 3.500% 2 2 —
9/30/2026 JPMC 130 Buy 10-Year MMD AAA General Obligation Scale 3.450% 4 4 —
            69 69 —
  JPMC—JPMorgan Chase Bank, N.A.
  RBC—Royal Bank of Canada.
  
See accompanying Notes, which are an integral part of the Financial Statements.
15

 

Ohio Long-Term Tax-Exempt Fund
Statement of Assets and Liabilities
As of May 31, 2026
($000s, except shares and per-share amounts) Amount
Assets  
Investments in Securities, at Value—Unaffiliated Issuers (Cost $1,577,598) 1,545,601
Investment in Vanguard 34
Receivables for Investment Securities Sold 41,185
Receivables for Accrued Income 22,901
Receivables for Capital Shares Issued 934
Variation Margin Receivable—Futures Contracts 24
Unrealized Appreciation—Over-the-Counter Swap Contracts 69
Other Assets 30
Total Assets 1,610,778
Liabilities  
Due to Custodian 3
Payables for Investment Securities Purchased 60,417
Payables for Capital Shares Redeemed 1,422
Payables for Distributions 1,207
Payables to Vanguard 60
Total Liabilities 63,109
Net Assets 1,547,669
At May 31, 2026, net assets consisted of:  
   
Paid-in Capital 1,639,459
Total Distributable Earnings (Loss) (91,790)
Net Assets 1,547,669
 
Net Assets  
Applicable to 132,252,479 outstanding $.001 par value shares of
beneficial interest (unlimited authorization) 		1,547,669
Net Asset Value Per Share $11.70
  
See accompanying Notes, which are an integral part of the Financial Statements.
16

 

Ohio Long-Term Tax-Exempt Fund
Statement of Operations
  Six Months Ended
May 31, 2026
  ($000)
Investment Income  
Income  
Interest 28,280
Total Income 28,280
Expenses  
The Vanguard Group—Note C  
Investment Advisory Services 98
Management and Administrative 490
Marketing and Distribution 55
Custodian Fees 4
Shareholders’ Reports 15
Trustees’ Fees and Expenses —
Other Expenses 5
Total Expenses 667
Net Investment Income 27,613
Realized Net Gain (Loss)  
Investment Securities Sold (849)
Futures Contracts (501)
Swap Contracts 436
Realized Net Gain (Loss) (914)
Change in Unrealized Appreciation (Depreciation)  
Investment Securities (1,210)
Futures Contracts 152
Swap Contracts (419)
Change in Unrealized Appreciation (Depreciation) (1,477)
Net Increase (Decrease) in Net Assets Resulting from Operations 25,222
  
See accompanying Notes, which are an integral part of the Financial Statements.
17

 

Ohio Long-Term Tax-Exempt Fund
Statement of Changes in Net Assets
  Six Months Ended
May 31,
2026 		  Year Ended
November 30,
2025
  ($000)   ($000)
Increase (Decrease) in Net Assets      
Operations      
Net Investment Income 27,613   48,961
Realized Net Gain (Loss) (914)   (10,849)
Change in Unrealized Appreciation (Depreciation) (1,477)   (3,470)
Net Increase (Decrease) in Net Assets Resulting from Operations 25,222   34,642
Distributions      
Total Distributions (27,157)   (48,191)
Capital Share Transactions      
Issued 235,747   337,889
Issued in Lieu of Cash Distributions 19,934   35,266
Redeemed (135,685)   (264,610)
Net Increase (Decrease) from Capital Share Transactions 119,996   108,545
Total Increase (Decrease) 118,061   94,996
Net Assets      
Beginning of Period 1,429,608   1,334,612
End of Period 1,547,669   1,429,608
  
See accompanying Notes, which are an integral part of the Financial Statements.
18

 

Ohio Long-Term Tax-Exempt Fund
Financial Highlights
For a Share Outstanding
Throughout Each Period 		Six Months
Ended
May 31,
2026 		Year Ended November 30,
2025 2024 2023 2022 2021
Net Asset Value, Beginning of Period $11.72 $11.86 $11.43 $11.39 $13.21 $13.29
Investment Operations            
Net Investment Income1 .217 .420 .392 .362 .308 .320
Net Realized and Unrealized Gain (Loss) on Investments (.024) (.147) .424 .036 (1.718) .018
Total from Investment Operations .193 .273 .816 .398 (1.410) .338
Distributions            
Dividends from Net Investment Income (.213) (.413) (.386) (.358) (.307) (.320)
Distributions from Realized Capital Gains — — — — (.103) (.098)
Total Distributions (.213) (.413) (.386) (.358) (.410) (.418)
Net Asset Value, End of Period $11.70 $11.72 $11.86 $11.43 $11.39 $13.21
Total Return2 1.66% 2.43% 7.24% 3.56% -10.81% 2.59%
Ratios/Supplemental Data            
Net Assets, End of Period (Millions) $1,548 $1,430 $1,335 $1,252 $1,294 $1,742
Ratio of Total Expenses to Average Net Assets 0.09% 0.10%3 0.13%3 0.13%3 0.13%3 0.13%
Ratio of Net Investment Income to Average Net Assets 3.72% 3.66% 3.35% 3.18% 2.58% 2.42%
Portfolio Turnover Rate 5% 24% 41% 60% 86% 43%
The expense ratio and net investment income ratio for the current period have been annualized.
1 Calculated based on average units 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.
3 The ratio of expenses to average net assets for the period net of reduction from custody fee offset arrangements was 0.10%, 0.13%, 0.13%, and 0.13%, respectively.
  
See accompanying Notes, which are an integral part of the Financial Statements.
19

 

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.
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 other 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 valuation designee to represent fair value and subject to oversight by the board of trustees.
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 securities pledged as initial margin for open contracts are noted in the Schedule of Investments.
Futures contracts are valued at their quoted daily settlement prices. The notional amounts of the contracts are not recorded in the Statement of Assets and Liabilities. Fluctuations in the value of the contracts are recorded in the Statement of Assets and Liabilities 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 gains (losses) on futures contracts.
During the six months ended May 31, 2026, the fund’s average investments in long and short futures contracts represented 2% and 1% of net assets, respectively, based on the average of the notional amounts at each quarter-end during the period.
3. MMD Rate Locks: The fund enters into Municipal Market Data (MMD) Rate Lock contracts to lock in a specified municipal interest rate for a portion of the fund to preserve a return on a particular investment or a portion of the fund as a duration management technique or to protect against market interest rate risk for anticipated purchase of municipal bonds. Under the terms of the contracts, both parties agree to make payments to each other on a notional amount, contingent upon whether the reference index rate is above or below a strike rate on the termination date of the contract. The fund may buy (long) an MMD Rate Lock and if the referenced MMD AAA Index is below the strike rate on the termination date, the counterparty will make a payment to the fund. If the MMD AAA Index is above the strike rate on the termination date, the fund will make a payment to the counterparty. The fund may also sell (short) an MMD Rate Lock. The contract terms of a short position will move in the opposite direction as a long position.
The primary risk associated with MMD Rate Locks is that municipal yields will move in the opposite direction than anticipated by a fund, which would cause the fund to make payments to its counterparty in the transaction that could adversely affect the fund’s performance. A risk associated with all types of swaps is the possibility that a counterparty may default on its obligation to pay net amounts due to the fund. The fund’s maximum amount subject to counterparty risk is the unrealized appreciation on the swap contract. The fund mitigates its counterparty risk by entering into swaps only with a diverse group of prequalified counterparties, monitoring their financial strength, entering into master netting arrangements with its counterparties, and requiring its counterparties to transfer collateral as security for their performance. In the absence of a default, the collateral pledged or received by the fund cannot be repledged, resold, or rehypothecated. In the event of a counterparty’s default (including bankruptcy), the fund may terminate any swap contracts with that counterparty, determine the net amount owed by either party in accordance with its master netting arrangements, and sell or retain any collateral held up to the net amount owed to the fund under the master netting arrangements. The swap contracts contain provisions whereby a counterparty may terminate open contracts if the fund’s net assets decline below a certain level, triggering a payment by the fund if the fund is in a net liability position at the time of the termination. The payment amount would be reduced by any collateral the fund has pledged. Any securities pledged as collateral for open contracts are noted in the Schedule of Investments. The value of collateral received or pledged is compared daily to the value of the swap contracts exposure with each counterparty, and any difference, if in excess of a specified minimum transfer amount, is adjusted and settled within two business days.
The notional amounts of swap contracts are not recorded in the Statement of Assets and Liabilities. MMD Rate Locks are valued daily based on market quotations received from independent pricing services or recognized dealers and the change in value is recorded in the Statement of Assets and Liabilities as an asset (liability) and in the Statement of Operations as unrealized appreciation (depreciation) until the contracts are terminated, at which time realized gain (loss) is recorded.
During the six months ended May 31, 2026, the fund’s average amount of investments in MMD Rate Locks represented less than 1% of net assets, based on the average of notional amounts at each quarter-end during the period.
4. Federal Income Taxes: The fund intends to continue to qualify as a regulated investment company and distribute virtually all of its income. The fund’s tax returns are open to examination by the relevant tax authorities until expiration of the applicable statute of limitations, which is generally three years after the filing of the tax return. Management has analyzed the fund’s tax positions taken for all open federal and state income tax years, and has concluded that no provision for income tax is required in the fund’s financial statements.
5. 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 at the fiscal year-end and may differ from net investment income and realized capital gains for financial reporting purposes.
20

 

Ohio Long-Term Tax-Exempt Fund
6. Credit Facilities and Interfund Lending Program: 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 and an uncommitted credit facility provided by Vanguard. Both facilities may be renewed annually. Each fund is individually liable for its borrowings, if any, under the credit facilities. Borrowings may be utilized for temporary or emergency purposes and are subject to the fund’s regulatory and contractual borrowing restrictions. With respect to the committed credit facility, the participating funds are charged administrative fees and an annual commitment fee of 0.10% of the undrawn committed amount of the facility, which 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 either facility bear interest at the higher of the effective federal funds rate, the overnight bank funding rate, or the Daily Simple Secured Overnight Financing Rate. However, borrowings under the uncommitted credit facility may bear interest based upon an alternate rate agreed to by the fund and Vanguard.
In accordance with an exemptive order (the “Order”) from the SEC, the fund may participate in a joint lending and borrowing program that allows registered open-end Vanguard funds to borrow money from and lend money to each other for temporary or emergency purposes (the “Interfund Lending Program”), subject to compliance with the terms and conditions of the Order, and to the extent permitted by the fund’s investment objective and investment policies. Interfund loans and borrowings normally extend overnight but can have a maximum duration of seven days. Loans may be called on one business day’s notice. The interest rate to be charged is governed by the conditions of the Order and internal procedures adopted by the board of trustees. The board of trustees is responsible for overseeing the Interfund Lending Program.
For the six months ended May 31, 2026, the fund did not utilize the credit facilities or the Interfund Lending Program.
7. Other: Interest income is accrued daily. Premiums and discounts on debt securities are amortized and accreted, respectively, to interest income over the lives of the respective securities, except for premiums on certain callable debt securities that are amortized to the earliest call date. 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. Vanguard provides investment advisory services to the fund through its wholly owned subsidiary Vanguard Capital Management, LLC.
C. 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 and 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, 2026, the fund had contributed to Vanguard capital in the amount of $34,000, representing less than 0.01% of the fund’s net assets and 0.01% of Vanguard’s capital received pursuant to the FSA. The fund’s trustees and officers are also directors and employees, respectively, of Vanguard.
D. Various inputs may be used to determine the value of the fund’s investments and derivatives. 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 and derivatives valued with significant unobservable inputs are noted on the Schedule of Investments.
The following table summarizes the market value of the fund’s investments and derivatives as of May 31, 2026, based on the inputs used to value them:
  Level 1
($000) 		Level 2
($000) 		Level 3
($000) 		Total
($000)
Investments         
Assets        
Tax-Exempt Municipal Bonds — 1,543,621 — 1,543,621
Taxable Municipal Bonds — 1,980 — 1,980
Total — 1,545,601 — 1,545,601
Derivative Financial Instruments         
Assets        
Futures Contracts1 100 — — 100
Swap Contracts — 69 — 69
Total 100 69 — 169
Liabilities        
Futures Contracts1 (52) — — (52)
1 Includes cumulative appreciation (depreciation) on futures contracts and centrally cleared swaps, if any, as reported in the Schedule of Investments. Only current day’s variation margin is reported within the Statement of Assets and Liabilities.
21

 

Ohio Long-Term Tax-Exempt Fund
E. As of May 31, 2026, 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 1,578,004
Gross Unrealized Appreciation 17,897
Gross Unrealized Depreciation (50,183)
Net Unrealized Appreciation (Depreciation) (32,286)
The fund’s tax-basis capital gains and losses are determined only at the end of each fiscal year. For tax purposes, at November 30, 2025, the fund had available capital losses totaling $60,987,000 that may be carried forward indefinitely to offset future net capital gains. The fund will use these capital losses to offset net taxable capital gains, if any, realized during the year ending November 30, 2026; should the fund realize net capital losses for the year, the losses will be added to the loss carryforward balance above.
F. During the six months ended May 31, 2026, the fund purchased $203,920,000 of investment securities and sold $68,747,000 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, 2026, such purchases were $0 and sales were $23,155,000, resulting in net realized gain (loss) of $0; these amounts, other than temporary cash investments, are included in the purchases and sales of investment securities noted above.
G. Capital shares issued and redeemed were:
    
  Six Months
Ended
May 31,
2026 		  Year Ended
November 30,
2025
  Shares
(000) 		  Shares
(000)
Issued 20,165   29,529
Issued in Lieu of Cash Distributions 1,704   3,072
Redeemed (11,619)   (23,086)
Net Increase (Decrease) in Shares Outstanding 10,250   9,515
H. Significant market disruptions, such as those caused by pandemics, natural or environmental disasters, war, acts of terrorism, political or regulatory conditions, or other events, can adversely affect local and global markets and normal market operations. Any such disruptions could have an adverse impact on the value of the fund’s investments and fund performance.
To the extent the fund’s investment portfolio reflects concentration in a particular market, industry, sector, country or asset class, the fund may be adversely affected by the performance of these concentrations and may be subject to increased price volatility and other risks.
Credit risk is the risk that a counterparty to a transaction or an issuer of a financial instrument will fail to pay interest and principal when due, or that perceptions of the issuer’s ability to make such payments will cause the price of an investment to decline. Investment in debt securities will generally increase credit risk.
The use of derivatives may expose the fund to various risks. Derivatives can be highly volatile, and any initial investment is generally small relative to the notional amount so that transactions may be leveraged in terms of market exposure. A relatively small market movement may have a potentially larger impact on derivatives than on standard securities. Leveraged derivatives positions can, therefore, increase volatility. Additional information regarding the fund’s use of derivative(s) and the specific risks associated is described under significant accounting policies.
I. Operating segments are components of an entity that engage in business activities, have discrete financial information available, and have their operating results regularly reviewed by a chief operating decision maker (“CODM”). The fund is considered a single segment. Vanguard’s chief executive officer, chief investment officer, and chief financial officer, who are also officers of the fund, as well as the fund’s chief financial officer collectively act as the CODM. Vanguard has established various management committees to assist the CODM with overseeing aspects of the fund’s daily operations. Through these committees, the CODM manages the fund’s operations to achieve a single investment objective, as detailed in its prospectus, through the execution of the fund’s investment strategies. When assessing segment performance and making decisions about segment resources, the CODM relies on the fund’s portfolio composition, total returns, expense ratios and changes in net assets which are consistent with the information contained in the fund’s financial statements. Segment assets, liabilities, income, and expenses are also detailed in the accompanying financial statements.
J. Management has determined that no subsequent events or transactions occurred through the date the financial statements were issued that would require recognition or disclosure in these financial statements.
Q972 072026
22

 

Item 8: Changes in and Disagreements with Accountants for Open-End Management Investment Companies.

 

Not applicable.

 

Item 9: Proxy Disclosures for Open-End Management Investment Companies.

 

Not applicable.

 

Item 10: Remuneration Paid to Directors, Officers, and Others of Open-End Management Investment Companies.

 

Not applicable. The Trustees’ Fees and Expenses are included in the financial statements filed under Item 7 of this Form.

  

Item 11: Statement Regarding Basis for Approval of Investment Advisory Contracts.

 

Not applicable. 

 

 

 

 

Item 12: Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.

 

Not applicable.

 

Item 13: Portfolio Managers of Closed-End Management Investment Companies.

 

Not applicable.

 

 

 

 

Item 14: Purchase of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.

 

Not applicable.

 

Item 15: Submission of Matters to a Vote of Security Holders.

 

Not applicable.

 

Item 16: 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 changes in the Registrant’s Internal Control Over Financial Reporting that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the Registrant’s internal control over financial reporting.

 

Item 17: Disclosure of Securities Lending Activities for Closed-End Management Investment Companies.

 

Not applicable.

 

Item 18: Recovery of Erroneously Awarded Compensation

 

Not applicable.

 

Item 19: Exhibits.

 

(a)(1) Not applicable.
(a)(2) Certifications filed herewith.
(a)(2) Certifications filed herewith.

 

 

 

 

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/ SALIM RAMJI*  
  SALIM RAMJI  
  CHIEF EXECUTIVE OFFICER  

 

Date: July 22, 2026

 

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/ SALIM RAMJI*  
  SALIM RAMJI  
  CHIEF EXECUTIVE OFFICER  

 

Date: July 22, 2026

 

  VANGUARD OHIO TAX-FREE FUNDS
     
BY: /s/ CHRISTINE BUCHANAN*  
  CHRISTINE BUCHANAN  
  CHIEF FINANCIAL OFFICER  

 

Date: July 22, 2026

 

* By: /s/ Natalie Lamarque  

 

Natalie Lamarque, pursuant to a Power of Attorney filed on December 19, 2025 (see File Number 33-49023), and to a Power of Attorney filed on February 27, 2026 (see File Number 333-177613), Incorporated by Reference.

 

 

ATTACHMENTS / EXHIBITS

ATTACHMENTS / EXHIBITS

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