NAV
Fixed Income
Quality
Trsy/
AgcyInv Grd
CorpBelow
Inv
Grade
AgcyInv Grd
CorpBelow
Inv
Grade
Duration
Short
Medium
Long
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Investment minimum
as of 04/15/2025
NAV price
as of 04/15/2025
CUSIP | 921929204 |
|---|---|
Management style | Active |
Asset class | Long-Term Bond |
Category | Muni Ohio |
Inception date | 06/18/1990 |
Fund Number | 0097 |
Minimum Investment
NAV Price
as of 04/15/2025
NAV change
as of 04/15/2025
YTD returns
as of 04/15/2025
The fund’s investment objective is to seek to provide current income that is exempt from both federal and Ohio personal income taxes. The fund is intended for Ohio residents only. The Fund It invests primarily in high-quality municipal bonds issued by Ohio state and local governments, as well as by regional government and public financing authorities. Under normal circumstances, at least 80% of the fund’s assets will be invested in securities whose income is exempt from federal and Ohio state taxes. Although the fund has no limitations on the maturities of individual securities, its dollar-weighted average maturity is expected to be between 10 and 25 years. This low-cost municipal bond fund seeks to provide federally tax-exempt and Ohio state tax-exempt income and typically appeals to investors in higher tax brackets who reside in Ohio. The fund holds high-quality long-term Ohio municipal bonds with has an average duration of approximately 6-10 years, making its share price considerably more susceptible to changes in interest rates than shorter-term bond funds. Investors who are looking for a fund that may provide federal and Ohio state tax-exempt interest income and can tolerate interest rate risk may wish to consider this fund.
Vanguard Fixed Income Group
as of 03/31/2025
Recent returns
Average annual
| Month-end | 3-Month total | YTD | 1-yr | 3-yr | 5-yr | 10-yr | Since inception 06/18/1990 | |
|---|---|---|---|---|---|---|---|---|
VOHIX | -2.10% | -0.69% | -0.69% | 1.76% | 1.06% | 0.99% | 2.45% | 5.04% |
| -1.71% | -0.13% | -0.13% | 1.21% | 1.26% | 0.84% | 2.04% | — |
as of 03/31/2025
| Year | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | Year-end | |
|---|---|---|---|---|---|---|
| 2025 | -0.69% | — | — | — | — | — |
| 2024 | -0.31% | 0.76% | 2.92% | -1.19% | 2.15% | 0.95% |
| 2023 | 2.97% | 0.00% | -4.96% | 9.37% | 7.03% | 5.89% |
| 2022 | -6.38% | -5.13% | -4.57% | 4.99% | -11.01% | -8.69% |
| 2021 | -0.51% | 1.99% | -0.40% | 1.07% | 2.14% | 1.14% |
| 2020 | 0.54% | 2.82% | 1.43% | 2.09% | 7.04% | 5.62% |
| 2019 | 3.01% | 2.45% | 1.92% | 0.49% | 8.08% | 7.20% |
| 2018 | -1.44% | 0.82% | -0.31% | 1.92% | 0.95% | 1.31% |
| 2017 | 1.30% | 2.26% | 1.20% | 1.41% | 6.31% | 5.20% |
| 2016 | 1.85% | 3.46% | -0.60% | -3.59% | 0.98% | 0.31% |
| 2015 | 1.23% | -0.97% | 2.00% | 1.96% | 4.25% | 3.73% |
as of 12/31/2024
| Year | Capital return by NAV | Income return by NAV | Total return by NAV | |
|---|---|---|---|---|
| 2024 | -1.19% | 3.33% | 2.15% | 0.95% |
| 2023 | 3.70% | 3.33% | 7.03% | 5.89% |
| 2022 | -13.35% | 2.34% | -11.01% | -8.69% |
| 2021 | -0.28% | 2.42% | 2.14% | 1.14% |
| 2020 | 4.20% | 2.83% | 7.04% | 5.62% |
| 2019 | 4.87% | 3.21% | 8.08% | 7.20% |
| 2018 | -2.30% | 3.25% | 0.95% | 1.31% |
| 2017 | 2.97% | 3.34% | 6.31% | 5.20% |
| 2016 | -2.17% | 3.15% | 0.98% | 0.31% |
| 2015 | 0.79% | 3.46% | 4.25% | 3.73% |
| 2014 | 7.33% | 3.88% | 11.20% | 9.51% |
| 2013 | -6.70% | 3.54% | -3.16% | -2.01% |
| 2012 | 3.72% | 3.75% | 7.47% | 6.43% |
| 2011 | 5.77% | 4.31% | 10.08% | 9.96% |
| 2010 | -2.83% | 4.04% | 1.21% | 1.21% |
as of 03/31/2025
| 1-yr | 3-yr | 5-yr | 10-yr | Since inception 06/18/1990 | |
|---|---|---|---|---|---|
| VOHIX | 1.76% | 3.20% | 5.06% | 27.42% | 453.95% |
| 1.21% | 3.82% | 4.25% | 22.36% | — |
VOHIX
0.09%
Average expense ratio of similar funds2
0.82%
Purchase fee
None
Fund family redemption fee
None
None
The performance data shown represent past performance, which is not a guarantee of future results. Investment returns and principal value will fluctuate so that investors' shares, when sold, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data cited.
Performance data do not reflect the deduction of the $25 annual account service fee that may be applied to certain accounts. If this fee was included, performance would be lower.
Closing price as of 04/15/2025
NAV
NAV change
52-week High
as of 12/06/2024
52-week Low
as of 04/09/2025
52-week Difference
| Name | Date | NAV |
|---|---|---|
| VOHIX | 04/15/2025 | $11.22 |
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as of 03/31/2025
| Fundamental | VOHIX | |
|---|---|---|
| Number of bonds | 834 | 1619 |
| Yield to maturity | 4.6% | 4.1% |
| Average coupon | 4.4% | 4.7% |
| Average stated maturity | 17.5 years | 13.2 years |
| Average duration | 8.2 years | 6.1 years |
| Alternative minimum tax (AMT) | 0.0% | — |
| Short-term reserves | — | — |
| Fund total net assets as of 03/31/2025 | $1.3 B | — |
| Turnover rate (Fiscal Year-end 11/30/2024) | 41.4% | — |
Fixed Income
Quality
Duration
Short
Medium
Long
as of 03/31/2025
Weighted equity exposures exclude any temporary cash investments and equity index futures. Some short-term fixed income securities are classified as cash and are excluded from the weighted bond exposures.
as of 03/31/2025
| Ticker | Holdings | Coupon Rate | Maturity Date | Face Amount | Market value |
|---|---|---|---|---|---|
| — | State of Ohio | 3.600 % | 04/01/2025 | $16,560,000 | $16,560,000 |
| — | BUCKEYE OHIO TOB SETTLEMENT FI SR ASSET BACKED REF BDS 2020A- | 4.000 % | 06/01/2048 | $18,485,000 | $16,010,254 |
| — | OHIO ST HOSP REV BDS 2020 A | 4.000 % | 01/15/2050 | $15,300,000 | $13,538,251 |
| — | UNIVERSITY TOLEDO OHIO GEN REC BDS 2023B | 3.700 % | 01/04/2027 | $13,385,000 | $13,385,000 |
| — | OHIO ST HSG FIN AGY RESIDENTIA BDS 2022 B | 5.000 % | 03/01/2052 | $12,320,000 | $12,744,746 |
| — | OHIO ST AIR QUALITY DEV AUTH R REF BDS 2022B | 4.000 % | 09/01/2030 | $12,600,000 | $12,716,711 |
| — | WORTHINGTON OHIO CITY SCH DIST UNLTD TAX GO FACS BDS 2023 | 5.500 % | 12/01/2054 | $11,000,000 | $11,795,837 |
| — | OHIO HSG FIN AGY MULTIFAMILY H VAR | 3.850 % | 04/20/2053 | $11,585,000 | $11,585,000 |
| — | OHIO ST GO BDS 2025A | 5.000 % | 03/01/2044 | $10,000,000 | $10,662,446 |
| — | HILLIARD OHIO REC & WELLNESS C BDS 2022 | 5.000 % | 12/01/2058 | $10,000,000 | $10,396,887 |
| Ticker | Holdings | Coupon Rate | Maturity Date | Face Amount | Market value |
|---|---|---|---|---|---|
| — | State of Ohio | 3.600 % | 04/01/2025 | $16,560,000 | $16,560,000 |
| — | BUCKEYE OHIO TOB SETTLEMENT FI SR ASSET BACKED REF BDS 2020A- | 4.000 % | 06/01/2048 | $18,485,000 | $16,010,254 |
| — | OHIO ST HOSP REV BDS 2020 A | 4.000 % | 01/15/2050 | $15,300,000 | $13,538,251 |
| — | UNIVERSITY TOLEDO OHIO GEN REC BDS 2023B | 3.700 % | 01/04/2027 | $13,385,000 | $13,385,000 |
| — | OHIO ST HSG FIN AGY RESIDENTIA BDS 2022 B | 5.000 % | 03/01/2052 | $12,320,000 | $12,744,746 |
| — | OHIO ST AIR QUALITY DEV AUTH R REF BDS 2022B | 4.000 % | 09/01/2030 | $12,600,000 | $12,716,711 |
| — | WORTHINGTON OHIO CITY SCH DIST UNLTD TAX GO FACS BDS 2023 | 5.500 % | 12/01/2054 | $11,000,000 | $11,795,837 |
| — | OHIO HSG FIN AGY MULTIFAMILY H VAR | 3.850 % | 04/20/2053 | $11,585,000 | $11,585,000 |
| — | OHIO ST GO BDS 2025A | 5.000 % | 03/01/2044 | $10,000,000 | $10,662,446 |
| — | HILLIARD OHIO REC & WELLNESS C BDS 2022 | 5.000 % | 12/01/2058 | $10,000,000 | $10,396,887 |
| Ticker | Holdings | Coupon Rate | Maturity Date | Face Amount | Market value |
|---|---|---|---|---|---|
| — | State of Ohio | 3.600 % | 04/01/2025 | $16,560,000 | $16,560,000 |
| — | BUCKEYE OHIO TOB SETTLEMENT FI SR ASSET BACKED REF BDS 2020A- | 4.000 % | 06/01/2048 | $18,485,000 | $16,010,254 |
| — | OHIO ST HOSP REV BDS 2020 A | 4.000 % | 01/15/2050 | $15,300,000 | $13,538,251 |
| — | UNIVERSITY TOLEDO OHIO GEN REC BDS 2023B | 3.700 % | 01/04/2027 | $13,385,000 | $13,385,000 |
| — | OHIO ST HSG FIN AGY RESIDENTIA BDS 2022 B | 5.000 % | 03/01/2052 | $12,320,000 | $12,744,746 |
| — | OHIO ST AIR QUALITY DEV AUTH R REF BDS 2022B | 4.000 % | 09/01/2030 | $12,600,000 | $12,716,711 |
| — | WORTHINGTON OHIO CITY SCH DIST UNLTD TAX GO FACS BDS 2023 | 5.500 % | 12/01/2054 | $11,000,000 | $11,795,837 |
| — | OHIO HSG FIN AGY MULTIFAMILY H VAR | 3.850 % | 04/20/2053 | $11,585,000 | $11,585,000 |
| — | OHIO ST GO BDS 2025A | 5.000 % | 03/01/2044 | $10,000,000 | $10,662,446 |
| — | HILLIARD OHIO REC & WELLNESS C BDS 2022 | 5.000 % | 12/01/2058 | $10,000,000 | $10,396,887 |
as of 03/31/2025
Realized gain
% of NAV
Unrealized gains of NAV
% of NAV
Fiscal year end
Distribution schedule
A fund's capital gains and losses can reveal the tax implications of holding a particular fund in a taxable account. This is true of both realized and unrealized capital gains and losses.
Learn about realized and unrealized gains and lossesA fund's capital gains and losses can reveal the tax implications of holding a particular fund in a taxable account. This is true of both realized and unrealized capital gains and losses.
Learn about realized and unrealized gains and lossesPerformance & fees
Most recent data available. © 2023 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; (3) does not constitute investment advice offered by Morningstar; and (4) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.
R-squared and beta are calculated from trailing 36-month fund returns relative to the associated benchmark.
Portfolio composition
Credit-quality ratings are measured on a scale that generally ranges from AAA (highest) to D (lowest). "NR" is used to classify securities for which a rating is not available. NR securities may include a fund's investment in Vanguard Market Liquidity Fund or Vanguard Municipal Low Duration Fund, each of which invests in high-quality money market instruments and may serve as a cash management vehicle for the Vanguard funds, trusts, and accounts. U.S. Treasury, U.S. Agency, and U.S. Agency mortgage-backed securities appear under "U.S. Government." Credit-quality ratings for each issue are obtained from Moody's and S&P, and the higher rating for each issue is used.
Alternative minimum tax (AMT) percentage represents the fund's income subject to the AMT as of the date indicated.
© 2023 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.
Vanguard average mutual fund expense ratio: 0.09%. Industry average mutual fund expense ratio: 0.50%. All averages are asset-weighted. Industry average excludes Vanguard. Sources: Vanguard and Morningstar, Inc., as of December 31, 2023.
Total returns: Short-term total return information is provided only as a service. Historical performance—particularly short-term performance—is no guarantee of future returns. Price, yield, and return on an actual investment will fluctuate, and you may have a gain or loss when you sell. Average annual returns include changes in price and reinvestments of dividends and capital gains. Since-inception returns for less than 1 year and year-to-date returns aren't annualized. Index performance is provided as a benchmark but isn't illustrative of any particular investment. You can't invest in an index.
Standardized returns: To see quarterly fee-adjusted returns, refer to the Price & Performance details.
Expense ratios: Expense ratios are displayed on Overview. For investments that are less than 1 fiscal year old, expense ratios are estimated.
Risk: All investing is subject to risk, including the possible loss of the money you invest. Funds that concentrate on a relatively narrow market sector face the risk of higher share-price volatility. Investments in stocks or bonds issued by non-U.S. companies are subject to risks including country/regional risk and currency risk.
An investment in the fund could lose money over short or even long periods. You should expect the fund’s share price and total return to fluctuate within a wide range, like the fluctuations of the overall bond market. As a tax-advantaged investment, the fund is potentially vulnerable to federal and state tax-law changes. Also, part of the fund’s return may consist of capital gains distributions that are taxable in the same way that realized capital gains on any investment are taxable.The fund’s performance could be hurt by: