Filed with the Securities and Exchange Commission on November 14, 2012
Securities Act of 1933 File No. 002-72101
Investment Company Act of 1940 File No. 811-03174
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-1A
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 x
Pre-Effective Amendment No.
Post-Effective Amendment No. 73
and/or
REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940 x
Amendment No. 72
(Check appropriate box or boxes.)
TOUCHSTONE TAX-FREE TRUST
(Exact name of Registrant as Specified in Charter)
303 Broadway, Suite 1100, Cincinnati, Ohio 45202
(Address of Principal Executive Offices) Zip Code
Registrant’s Telephone Number, including Area Code (513) 878-4066
Jill T. McGruder, 303 Broadway, Cincinnati, OH 45202
(Name and Address of Agent for Service)
With Copies to:
John M. Ford, Esq.
Pepper Hamilton LLP
3000 Two Logan Square
Philadelphia, PA 19103
It is proposed that this filing will become effective
(check appropriate box)
x immediately upon filing pursuant to paragraph (b)
o on (date) pursuant to paragraph (b)
o 60 days after filing pursuant to paragraph (a)(1)
o on (date) pursuant to paragraph (a)(1)
o 75 days after filing pursuant to paragraph (a)(2)
o on (date) pursuant to paragraph (a)(2) of rule 485. If appropriate, check the following box:
o This post-effective amendment designates a new effective date for a previously filed post-effective amendment.
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, as amended, and the Investment Company Act of 1940, as amended, the Registrant certifies that it meets all of the requirement for effectiveness of this Post-Effective Amendment No. 73 to its Registration Statement on Form N-1A under Rule 485(b) under the Securities Act of 1933, as amended, and has duly caused this Post-Effective Amendment No. 73 to its Registration Statement on Form N-1A to be signed on its behalf by the undersigned, duly authorized, in the City of Cincinnati, and State of Ohio on the 14th day of November, 2012.
TOUCHSTONE TAX-FREE TRUST
By: /s/ Jill T. McGruder
Jill T. McGruder
President
Pursuant to the requirements of the Securities Act of 1933, as amended, this Post-Effective Amendment No. 73 to the Registrant’s Registration Statement on Form N-1A has been signed below by the following persons in the capacities and on the dates indicated.
* | Trustee | November 14, 2012 | ||
Phillip R. Cox | ||||
* | Trustee | November 14, 2012 | ||
H. Jerome Lerner | ||||
* | Trustee | November 14, 2012 | ||
John P. Zanotti | ||||
* | Trustee | November 14, 2012 | ||
Donald C. Siekmann | ||||
* | Trustee | November 14, 2012 | ||
Susan J. Hickenlooper | ||||
/s/Jill T. McGruder | ||||
Trustee and President | November 14, 2012 | |||
Jill T. McGruder | ||||
/s/Terrie Wiedenheft | ||||
Controller, Treasurer | November 14, 2012 | |||
Terrie A. Wiedenheft | and Principal Financial | |||
Officer |
*By: _/s/Terri A. Wiedenheft___________________
Terrie A. Wiedenheft
(Attorney-in-Fact Pursuant to Power of Attorney)
EXHIBIT INDEX
EXHIBIT NO. | DESCRIPTION OF EXHIBIT |
EX-101.INS | XBRL Instance Document |
EX-101.SCH | XBRL Taxonomy Extension Schema Document |
EX-101.CAL | XBRL Taxonomy Extension Calculation Linkbase |
EX-101.DEF | XBRL Taxonomy Extension Definition Linkbase |
EX-101.LAB | XBRL Taxonomy Extension Labels Linkbase |
EX-101.PRE | XBRL Taxonomy Extension Presentation Linkbase |
Label | Element | Value | ||
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Risk Return [Abstract] | rr_RiskReturnAbstract | |||
ProspectusDate | rr_ProspectusDate | Oct. 30, 2012 | ||
Ohio Tax-Free Bond Fund (Prospectus Summary) | Ohio Tax-Free Bond Fund
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Risk Return [Abstract] | rr_RiskReturnAbstract | |||
Risk/Return [Heading] | rr_RiskReturnHeading | TOUCHSTONE OHIO TAX-FREE BOND FUND SUMMARY | ||
Objective [Heading] | rr_ObjectiveHeading | The Fund's Investment Goal | ||
Objective, Primary [Text Block] | rr_ObjectivePrimaryTextBlock | The Touchstone Ohio Tax-Free Bond Fund seeks the highest level of interest income exempt from federal income tax and Ohio personal income tax, consistent with the protection of capital. |
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Expense [Heading] | rr_ExpenseHeading | The Fund's Fees and Expenses | ||
Expense Narrative [Text Block] | rr_ExpenseNarrativeTextBlock | This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 or more in the Touchstone Funds. More information about these and other discounts is available from your financial professional and in the section entitled "Choosing a Class of Shares" in the Fund's Prospectus on page 23 and in the section entitled "Other Purchase and Redemption Information" in the Fund's Statement of Additional Information on page 32. |
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Shareholder Fees Caption [Text] | rr_ShareholderFeesCaption | Shareholder Fees (fees paid directly from your investment) | ||
Operating Expenses Caption [Text] | rr_OperatingExpensesCaption | Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | ||
Portfolio Turnover [Heading] | rr_PortfolioTurnoverHeading | Portfolio Turnover. | ||
Portfolio Turnover [Text Block] | rr_PortfolioTurnoverTextBlock | The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund's performance. During the most recent fiscal year, the Fund's portfolio turnover rate was 33% of the average value of its portfolio. |
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Portfolio Turnover, Rate | rr_PortfolioTurnoverRate | 33.00% | ||
Expense Breakpoint Discounts [Text] | rr_ExpenseBreakpointDiscounts | You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 or more in the Touchstone Funds. | ||
Expense Breakpoint, Minimum Investment Required [Amount] | rr_ExpenseBreakpointMinimumInvestmentRequiredAmount | 50,000 | ||
Expense Example [Heading] | rr_ExpenseExampleHeading | Example. | ||
Expense Example Narrative [Text Block] | rr_ExpenseExampleNarrativeTextBlock | This example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then, except as indicated, redeem all of your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same (reflecting any contractual fee waivers). Although your actual costs may be higher or lower, based on these assumptions your costs would be: |
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Expense Example, No Redemption, By Year, Caption [Text] | rr_ExpenseExampleNoRedemptionByYearCaption | Assuming No Redemption Class C | ||
Strategy [Heading] | rr_StrategyHeading | The Fund's Principal Investment Strategies | ||
Strategy Narrative [Text Block] | rr_StrategyNarrativeTextBlock | The Fund invests at least 80% of its assets in high-quality, long-term Ohio municipal obligations, including general obligation bonds, revenue bonds and industrial development bonds. High-quality, long-term Ohio municipal obligations are, for purposes of this Fund, considered to be obligations rated within the three highest rating categories, with remaining maturities of 3 years or more. This is a non-fundamental investment policy and the Fund will provide shareholders with at least 60 days' prior notice of any change in this policy. The Fund invests primarily in Ohio municipal obligations rated within the three highest rating categories. The Fund may also purchase Ohio municipal obligations and other securities rated within the four highest rating categories. If a security's rating is reduced below the four highest rating categories, the security will be sold. A security may also be sold due to changes in market conditions or Fort Washington Investment Advisors, Inc.'s ("Fort Washington" or the "Sub-Advisor") outlook. The Fund may purchase unrated obligations that the Sub-Advisor determines to be of comparable quality. The Fund has a fundamental investment policy that under normal circumstances at least 80% of the income it distributes will be exempt from federal income tax, including the alternative minimum tax, and Ohio personal income tax. This fundamental policy may not be changed without the approval of the Fund's shareholders. The Fund will seek to maintain an average weighted maturity of more than 10 years, but may reduce its average weighted maturity to 10 years or below if warranted by market conditions. The Fund concentrates its investments in securities of issuers located in the State of Ohio and is non-diversified under the Investment Company Act of 1940, as amended (the "1940 Act"). The Fund may invest more than 25% of its assets in municipal obligations within a particular segment of the bond market (such as housing agency bonds or airport bonds). The Fund may also invest more than 25% of its assets in private activity bonds and industrial development bonds which may be backed only by nongovernmental entities. Under normal circumstances, the Fund will limit its investment in securities whose income is subject to the alternative minimum tax to less than 20% of its assets. The Fund will not invest more than 25% of its assets in securities backed by nongovernmental entities that are in the same industry. |
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Strategy Portfolio Concentration [Text] | rr_StrategyPortfolioConcentration | The Fund invests at least 80% of its assets in high-quality, long-term Ohio municipal obligations, including general obligation bonds, revenue bonds and industrial development bonds. | ||
Risk [Heading] | rr_RiskHeading | The Principal Risks | ||
Risk Narrative [Text Block] | rr_RiskNarrativeTextBlock | The Fund's share price will fluctuate. You could lose money on your investment in the Fund and the Fund could return less than other investments. The Fund is subject to the principal risks summarized below. Credit Risk: The securities in the Fund's portfolio are subject to the possibility that a deterioration, whether sudden or gradual, in the financial condition of an issuer, or a deterioration in general economic conditions, could cause an issuer to fail to make timely payments of principal or interest, when due. This may cause the issuer's securities to decline in value. Interest Rate Risk: As interest rates rise, the value of fixed income securities the Fund owns will likely decrease. Longer-term securities are generally more volatile, so the longer the average maturity or duration of these securities, the greater their price risk. Duration is a measure of the expected life, taking into account any prepayment or call features of the security, of a fixed income security that is used to determine the price sensitivity of the security for a given change in interest rates. Specifically, duration is the change in the value of a fixed income security that will result from a 1% change in interest rates, and generally is stated in years. Maturity, on the other hand, is the date on which a fixed income security becomes due for payment of principal. Investment-Grade Securities Risk: Investment grade debt securities may be downgraded by a Nationally Recognized Statistical Rating Organization ("NRSRO") to below investment-grade status, which would increase the risk of holding these securities, or a rating may become stale in that it fails to reflect changes to an issuer's financial condition. Investment-grade debt securities rated in the lowest rating category by an NRSRO involve a higher degree of risk than fixed-income securities in the higher-rating categories. While such securities are considered investment-grade quality and are deemed to have adequate capacity for payment of principal and interest, such securities lack outstanding investment characteristics and have speculative characteristics as well. For example, changes in economic conditions or other circumstances are more likely to lead to a weakened capacity to make principal and interest payments than is the case with higher-grade securities. Management Risk: The value of your investment may decrease if the sub-advisor's judgment about the attractiveness, value, credit quality or income potential of a particular security is incorrect. Municipal Securities Risk: The value of municipal securities may be affected by uncertainties in the municipal market related to legislation or litigation involving the taxation of municipal securities or the rights of municipal securities holders in the event of bankruptcy. In addition, the ongoing issues facing the national economy may negatively impact the economic performance of issuers of municipal securities, and may increase the likelihood that issuers of securities in which the Fund may invest may be unable to meet their obligations. Also, some municipal obligations may be backed by a letter of credit issued by a bank or other financial institution. Adverse developments affecting banks or other financial institutions could have a negative effect on the value of the Fund's portfolio securities. Non-Diversification Risk: The Fund is non-diversified, which means that it may invest a greater percentage of its assets than diversified mutual funds in the securities of a limited number of issuers. The use of a non-diversified investment strategy may increase the volatility of the Fund's investment performance, as the Fund may be more susceptible to risks associated with a single economic, political or regulatory event than a diversified fund. Prepayment Risk: Prepayment risk is the risk that a debt security may be paid off and proceeds invested earlier than anticipated. Prepayment risk is more prevalent during periods of falling interest rates. Rating Agency Risk: Ratings represent the opinion of a Nationally Recognized Statistical Rating Organization ("NRSRO") regarding the quality of the security and are not a guarantee of quality. NRSROs may fail to make timely credit ratings in response to subsequent events. In addition, NRSROs are subject to an inherent conflict of interest because they are often compensated by the same issuers whose securities they grade. Sector Focus Risk: A fund that focuses its investments in the securities of a particular bond market sector (e.g., housing agency bonds or airport bonds) is subject to the risk that adverse circumstances will have a greater impact on the fund than a fund that does not focus its investments in a particular sector. It is possible that economic, business or political developments or other changes affecting one security in the area of focus will affect other securities in that area of focus in the same manner, thereby increasing the risk of such investments. State Risk: Political and economic conditions in the state of Ohio may impact the value of Ohio municipal obligations. The Fund may lose value due to decreased economic growth, increased unemployment and decreased tax revenue in the state of Ohio. An investment in the Fund is not a bank deposit and is not insured or guaranteed by the FDIC or any other government agency. As with any mutual fund, there is no guarantee that the Fund will achieve its goal. |
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Risk Lose Money [Text] | rr_RiskLoseMoney | You could lose money on your investment in the Fund and the Fund could return less than other investments. | ||
Risk Nondiversified Status [Text] | rr_RiskNondiversifiedStatus | The Fund is non-diversified, which means that it may invest a greater percentage of its assets than diversified mutual funds in the securities of a limited number of issuers. The use of a non-diversified investment strategy may increase the volatility of the Fund's investment performance, as the Fund may be more susceptible to risks associated with a single economic, political or regulatory event than a diversified fund. | ||
Risk Not Insured Depository Institution [Text] | rr_RiskNotInsuredDepositoryInstitution | An investment in the Fund is not a bank deposit and is not insured or guaranteed by the FDIC or any other government agency. | ||
Bar Chart and Performance Table [Heading] | rr_BarChartAndPerformanceTableHeading | The Fund's Performance | ||
Performance Narrative [Text Block] | rr_PerformanceNarrativeTextBlock | The bar chart and performance table below illustrate some indication of the risks of investing in the Fund. The bar chart shows changes in performance (before taxes) of the Fund's Class A shares for each of the last 10 calendar years. The bar chart does not reflect any sales charges, which would reduce your return. The Fund's past performance (before and after taxes) does not necessarily indicate how it will perform in the future. Updated performance is available at no cost by visiting www.TouchstoneInvestments.com or by calling 1.800.543.0407. |
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Performance Information Illustrates Variability of Returns [Text] | rr_PerformanceInformationIllustratesVariabilityOfReturns | The bar chart and performance table below illustrate some indication of the risks of investing in the Fund. The bar chart shows changes in performance (before taxes) of the Fund's Class A shares for each of the last 10 calendar years. | ||
Performance Availability Phone [Text] | rr_PerformanceAvailabilityPhone | 1.800.543.0407 | ||
Performance Availability Website Address [Text] | rr_PerformanceAvailabilityWebSiteAddress | www.TouchstoneInvestments.com | ||
Performance Past Does Not Indicate Future [Text] | rr_PerformancePastDoesNotIndicateFuture | The Fund's past performance (before and after taxes) does not necessarily indicate how it will perform in the future. | ||
Bar Chart [Heading] | rr_BarChartHeading | Ohio Tax-Free Bond Fund -- Class A Total Returns as of December 31 | ||
Bar Chart Closing [Text Block] | rr_BarChartClosingTextBlock | Best Quarter: 3rd Quarter 2009 5.43% Worst Quarter: 4th Quarter 2010 (3.88%) The year-to-date return of the Fund's Class A shares as of September 30, 2012 is 6.32%. |
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Index No Deduction for Fees, Expenses, Taxes [Text] | rr_IndexNoDeductionForFeesExpensesTaxes | reflects no deductions for fees, expenses or taxes | ||
Performance Table Uses Highest Federal Rate | rr_PerformanceTableUsesHighestFederalRate | After-tax returns are calculated using the highest individual federal income tax rate and do not reflect the impact of state and local taxes. | ||
Performance Table Not Relevant to Tax Deferred | rr_PerformanceTableNotRelevantToTaxDeferred | Your after-tax returns may differ from those shown and depend on your tax situation. The after-tax returns do not apply to shares held in an IRA, 401(k) or other tax-deferred account. | ||
Performance Table One Class of after Tax Shown [Text] | rr_PerformanceTableOneClassOfAfterTaxShown | The after-tax returns shown in the table are for Class A shares only. The after-tax returns for other classes of shares offered by the Fund will differ from the Class A after-tax returns. | ||
Performance Table Narrative | rr_PerformanceTableNarrativeTextBlock | The performance table shows how the Fund's average annual total returns (before and after taxes) for 1, 5 and 10 years compare with those of the Barclays Capital Municipal Bond Index. After-tax returns are calculated using the highest individual federal income tax rate and do not reflect the impact of state and local taxes. Your after-tax returns may differ from those shown and depend on your tax situation. The after-tax returns do not apply to shares held in an IRA, 401(k) or other tax-deferred account. The after-tax returns shown in the table are for Class A shares only. The after-tax returns for other classes of shares offered by the Fund will differ from the Class A after-tax returns. |
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Caption | rr_AverageAnnualReturnCaption | Average Annual Total Returns For the period ended December 31, 2011 | ||
Ohio Tax-Free Bond Fund (Prospectus Summary) | Ohio Tax-Free Bond Fund | Barclays Capital Municipal Bond Index
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Risk Return [Abstract] | rr_RiskReturnAbstract | |||
Label | rr_AverageAnnualReturnLabel | Barclays Capital Municipal Bond Index (reflects no deductions for fees, expenses or taxes) | ||
1 Year | rr_AverageAnnualReturnYear01 | 10.70% | ||
5 Years | rr_AverageAnnualReturnYear05 | 5.22% | ||
10 Years | rr_AverageAnnualReturnYear10 | 5.38% | ||
Ohio Tax-Free Bond Fund (Prospectus Summary) | Ohio Tax-Free Bond Fund | Class A
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Risk Return [Abstract] | rr_RiskReturnAbstract | |||
Maximum Sales (Load) Charge Imposed on Purchases (as a percentage of offering price) | rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice | 4.75% | ||
Maximum Deferred Sales Charge (Load) (as a percentage of original purchase price or the amount redeemed, whichever is less) | rr_MaximumDeferredSalesChargeOverOfferingPrice | none | ||
Wire Redemption Fee | rr_RedemptionFee | (15) | ||
Management Fees | rr_ManagementFeesOverAssets | 0.50% | ||
Distribution (12b-1) Fees | rr_DistributionAndService12b1FeesOverAssets | 0.25% | ||
Other Expenses | rr_OtherExpensesOverAssets | 0.37% | ||
Total Annual Fund Operating Expenses | rr_ExpensesOverAssets | 1.12% | ||
Fee Waiver and/or Expense Reimbursement | rr_FeeWaiverOrReimbursementOverAssets | (0.27%) | [1] | |
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement | rr_NetExpensesOverAssets | 0.85% | ||
Fee Waiver or Reimbursement over Assets, Date of Termination | rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination | 2013-10-29 | ||
Expense Example, with Redemption, 1 Year | rr_ExpenseExampleYear01 | 558 | ||
Expense Example, with Redemption, 3 Years | rr_ExpenseExampleYear03 | 789 | ||
Expense Example, with Redemption, 5 Years | rr_ExpenseExampleYear05 | 1,038 | ||
Expense Example, with Redemption, 10 Years | rr_ExpenseExampleYear10 | 1,750 | ||
Annual Return 2002 | rr_AnnualReturn2002 | 9.07% | ||
Annual Return 2003 | rr_AnnualReturn2003 | 4.65% | ||
Annual Return 2004 | rr_AnnualReturn2004 | 3.85% | ||
Annual Return 2005 | rr_AnnualReturn2005 | 2.50% | ||
Annual Return 2006 | rr_AnnualReturn2006 | 4.07% | ||
Annual Return 2007 | rr_AnnualReturn2007 | 3.01% | ||
Annual Return 2008 | rr_AnnualReturn2008 | (1.28%) | ||
Annual Return 2009 | rr_AnnualReturn2009 | 10.61% | ||
Annual Return 2010 | rr_AnnualReturn2010 | 1.06% | ||
Annual Return 2011 | rr_AnnualReturn2011 | 8.61% | ||
Year to Date Return, Label | rr_YearToDateReturnLabel | The year-to-date return | ||
Bar Chart, Year to Date Return, Date | rr_BarChartYearToDateReturnDate | Sep. 30, 2012 | ||
Bar Chart, Year to Date Return | rr_BarChartYearToDateReturn | 6.32% | ||
Highest Quarterly Return, Label | rr_HighestQuarterlyReturnLabel | Best Quarter: | ||
Highest Quarterly Return, Date | rr_BarChartHighestQuarterlyReturnDate | Sep. 30, 2009 | ||
Highest Quarterly Return | rr_BarChartHighestQuarterlyReturn | 5.43% | ||
Lowest Quarterly Return, Label | rr_LowestQuarterlyReturnLabel | Worst Quarter: | ||
Lowest Quarterly Return, Date | rr_BarChartLowestQuarterlyReturnDate | Dec. 31, 2010 | ||
Lowest Quarterly Return | rr_BarChartLowestQuarterlyReturn | (3.88%) | ||
Label | rr_AverageAnnualReturnLabel | Ohio Tax-Free Bond Fund - Class A Return Before Taxes | ||
1 Year | rr_AverageAnnualReturnYear01 | 3.41% | ||
5 Years | rr_AverageAnnualReturnYear05 | 3.30% | ||
10 Years | rr_AverageAnnualReturnYear10 | 4.04% | ||
Ohio Tax-Free Bond Fund (Prospectus Summary) | Ohio Tax-Free Bond Fund | Class A | After Taxes on Distributions
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Risk Return [Abstract] | rr_RiskReturnAbstract | |||
Label | rr_AverageAnnualReturnLabel | Ohio Tax-Free Bond Fund - Class A Return After Taxes on Distributions | ||
1 Year | rr_AverageAnnualReturnYear01 | 3.39% | ||
5 Years | rr_AverageAnnualReturnYear05 | 3.24% | ||
10 Years | rr_AverageAnnualReturnYear10 | 3.93% | ||
Ohio Tax-Free Bond Fund (Prospectus Summary) | Ohio Tax-Free Bond Fund | Class A | After Taxes on Distributions and Sales
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Risk Return [Abstract] | rr_RiskReturnAbstract | |||
Label | rr_AverageAnnualReturnLabel | Ohio Tax-Free Bond Fund - Class A Return After Taxes on Distributions and Sale of Fund Shares | ||
1 Year | rr_AverageAnnualReturnYear01 | 3.51% | ||
5 Years | rr_AverageAnnualReturnYear05 | 3.34% | ||
10 Years | rr_AverageAnnualReturnYear10 | 3.99% | ||
Ohio Tax-Free Bond Fund (Prospectus Summary) | Ohio Tax-Free Bond Fund | Class C
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Risk Return [Abstract] | rr_RiskReturnAbstract | |||
Maximum Sales (Load) Charge Imposed on Purchases (as a percentage of offering price) | rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice | none | ||
Maximum Deferred Sales Charge (Load) (as a percentage of original purchase price or the amount redeemed, whichever is less) | rr_MaximumDeferredSalesChargeOverOfferingPrice | 1.00% | ||
Wire Redemption Fee | rr_RedemptionFee | (15) | ||
Management Fees | rr_ManagementFeesOverAssets | 0.50% | ||
Distribution (12b-1) Fees | rr_DistributionAndService12b1FeesOverAssets | 1.00% | ||
Other Expenses | rr_OtherExpensesOverAssets | 0.57% | ||
Total Annual Fund Operating Expenses | rr_ExpensesOverAssets | 2.07% | ||
Fee Waiver and/or Expense Reimbursement | rr_FeeWaiverOrReimbursementOverAssets | (0.47%) | [1] | |
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement | rr_NetExpensesOverAssets | 1.60% | ||
Fee Waiver or Reimbursement over Assets, Date of Termination | rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination | 2013-10-29 | ||
Expense Example, with Redemption, 1 Year | rr_ExpenseExampleYear01 | 263 | ||
Expense Example, with Redemption, 3 Years | rr_ExpenseExampleYear03 | 603 | ||
Expense Example, with Redemption, 5 Years | rr_ExpenseExampleYear05 | 1,070 | ||
Expense Example, with Redemption, 10 Years | rr_ExpenseExampleYear10 | 2,363 | ||
Expense Example, No Redemption, 1 Year | rr_ExpenseExampleNoRedemptionYear01 | 163 | ||
Expense Example, No Redemption, 3 Years | rr_ExpenseExampleNoRedemptionYear03 | 603 | ||
Expense Example, No Redemption, 5 Years | rr_ExpenseExampleNoRedemptionYear05 | 1,070 | ||
Expense Example, No Redemption, 10 Years | rr_ExpenseExampleNoRedemptionYear10 | 2,363 | ||
Label | rr_AverageAnnualReturnLabel | Ohio Tax-Free Bond Fund - Class C Return Before Taxes | ||
1 Year | rr_AverageAnnualReturnYear01 | 6.80% | ||
5 Years | rr_AverageAnnualReturnYear05 | 3.53% | ||
10 Years | rr_AverageAnnualReturnYear10 | 3.77% | ||
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