N-Q 1 oh_final.htm

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF
REGISTERED MANAGEMENT COMPANY


Investment Company Act file number: 811-6083

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: Heidi Stam, 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 28

Date of reporting period: February 30, 2009

Item 1: Schedule of Investments

Vanguard Ohio Tax-Exempt Money Market Fund

Schedule of Investments

As of February 28, 2009

 

 

 

Coupon

 

Maturity

Date

 

 

Face

Amount

($000)

Market

Value

($000)

Tax-Exempt Municipal Bonds (100.2%)

Ohio (99.4%)

 

Akron OH BAN

3.000%

 

6/25/09

 

 

7,500

7,521

 

Allen County OH Hosp. Fac. Rev. (Catholic Healthcare) VRDO

0.550%

 

3/2/09

 

LOC

1,800

1,800

 

Allen County OH Hosp. Fac. Rev. (Catholic Healthcare) VRDO

0.600%

 

3/2/09

 

LOC

8,800

8,800

 

Allen County OH Hosp. Fac. Rev. (Catholic Healthcare) VRDO

0.650%

 

3/2/09

 

LOC

4,600

4,600

 

Allen County OH Hosp. Fac. Rev. (Catholic Healthcare) VRDO

0.650%

 

3/6/09

 

LOC

11,250

11,250

1

American Muni. Power Ohio Inc. TOB VRDO

0.880%

 

3/6/09

 

(12)

10,000

10,000

1

American Muni. Power Ohio Inc. TOB VRDO

0.880%

 

3/6/09

 

(12)

9,315

9,315

 

Avon OH BAN

2.350%

 

5/14/09

 

 

1,840

1,841

 

Beachwood OH BAN

2.250%

 

12/3/09

 

 

1,000

1,004

 

Beavercreek OH City School Dist. BAN

2.000%

 

8/18/09

 

 

3,000

3,011

 

Berea OH BAN

2.500%

 

7/2/09

 

 

1,175

1,177

 

Brecksville OH BAN

2.350%

 

7/2/09

 

 

2,500

2,502

 

Butler County OH BAN

2.250%

 

8/6/09

 

 

5,000

5,011

1

Cincinnati OH City School Dist. GO TOB VRDO

0.670%

 

3/6/09

 

(12)

12,460

12,460

1

Cincinnati OH City School Dist. GO TOB VRDO

3.040%

 

3/6/09

 

LOC

9,980

9,980

1

Cincinnati OH City School Dist. GO TOB VRDO

3.040%

 

3/6/09

 

LOC

10,000

10,000

 

Cleveland OH Water Rev.

0.550%

 

3/6/09

 

LOC

6,500

6,500

 

Cleveland OH Airport System Rev. VRDO

0.680%

 

3/6/09

 

LOC

10,000

10,000

 

Cleveland OH Airport System Rev. VRDO

0.830%

 

3/6/09

 

LOC

12,300

12,300

 

Cleveland OH COP VRDO

0.580%

 

3/6/09

 

LOC

26,000

26,000

 

Cleveland OH Water Works Rev. VRDO

0.650%

 

3/6/09

 

LOC

17,000

17,000

 

Cleveland-Cuyahoga County OH Port Auth. Rev. (Euclid Avenue Housing Corp. Project) VRDO

0.600%

 

3/6/09

 

LOC

2,750

2,750

 

 

 

 

 

 

Cleveland-Cuyahoga County OH Port Auth. Rev. (Museum of Art) VRDO

0.600%

 

3/6/09

 

 

10,000

10,000

 

Cleveland-Cuyahoga County OH Port Auth. Rev. (Museum of Art) VRDO

0.600%

 

3/6/09

 

 

16,700

16,700

 

Cleveland-Cuyahoga County OH Port Auth. Rev. (Museum of Art) VRDO

0.600%

 

3/6/09

 

 

7,300

7,300

 

Columbus OH BAN

2.500%

 

12/16/09

 

 

5,000

5,055

 

Columbus OH City School Dist. BAN

2.000%

 

8/13/09

 

 

10,000

10,059

1

Columbus OH City School Dist. TOB VRDO

0.640%

 

3/6/09

 

LOC

10,230

10,230

1

Columbus OH GO TOB VRDO

0.600%

 

3/6/09

 

 

4,360

4,360

1

Columbus OH GO TOB VRDO

0.680%

 

3/6/09

 

 

4,460

4,460

 

Columbus OH Regional Airport Auth. Airport Refunding Rev. (Oasbo Expanded Asset Program) VRDO

0.600%

 

3/6/09

 

LOC

36,735

36,735

 

Columbus OH Regional Airport Auth. Airport Refunding Rev. (Oasbo Expanded Asset Program) VRDO

0.600%

 

3/6/09

 

LOC

2,600

2,600

2

Columbus OH Regional Airport Auth. Airport Refunding Rev. (Oasbo Expanded Asset Program) VRDO

0.600%

 

3/6/09

 

LOC

3,400

3,400

1

Columbus OH Sewer Rev. TOB VRDO

0.620%

 

3/6/09

 

 

4,995

4,995

 

Cuyahoga County OH Hosp. Rev. (Cleveland Clinic Foundation) VRDO

0.500%

 

3/2/09

 

 

6,100

6,100

 

Cuyahoga Falls OH BAN

2.750%

 

12/9/09

 

 

4,500

4,545

 

Delaware County OH Port Auth. Econ. Dev. Rev. (Columbus Zoological Park) VRDO

0.640%

 

3/6/09

 

LOC

5,850

5,850

 

Delaware County OH Sewer Dist.

4.950%

 

12/1/09

 

(Prere.)

1,500

1,555

 

Dublin OH School Dist. GO

2.000%

 

10/15/09

 

 

3,750

3,782

 

Euclid OH BAN

2.375%

 

5/21/09

 

 

5,300

5,303

 

Fairfield City OH Police Services Project BAN

3.500%

 

10/30/09

 

 

1,665

1,668

 

Franklin County OH Hosp. Rev. (Nationwide Hosp.) VRDO

0.580%

 

3/6/09

 

 

10,000

10,000

 

Franklin County OH Hosp. Rev. (OhioHealth Corp.) VRDO

0.560%

 

3/6/09

 

LOC

12,965

12,965

 

 

 

 

 

 

Franklin County OH Hosp. Rev. (OhioHealth Corp.) VRDO

0.580%

 

3/6/09

 

 

5,300

5,300

 

Franklin County OH Hosp. Rev. (U.S. Health Corp.) VRDO

0.530%

 

3/6/09

 

LOC

7,060

7,060

 

Green City OH BAN

2.750%

 

7/14/09

 

 

8,400

8,426

 

Greene County OH BAN

2.600%

 

8/17/09

 

 

9,056

9,056

 

Huber Heights OH City School Dist. BAN

2.000%

 

8/18/09

 

 

3,200

3,210

 

Lakewood OH BAN

2.125%

 

4/16/09

 

 

3,750

3,751

1

Lakewood OH City School Dist. GO TOB VRDO

0.970%

 

3/6/09

 

(4)

4,785

4,785

 

Lancaster Port Auth. Ohio Gas Rev. VRDO

0.570%

 

3/6/09

 

 

19,860

19,860

 

Little Miami Ohio Local School Dist. BAN

2.625%

 

6/4/09

 

 

6,000

6,008

 

Lorain County OH Hosp. Fac. Rev. (EMH Regional Medical Center) VRDO

0.650%

 

3/6/09

 

LOC

4,900

4,900

1

Lorain County OH Hosp. Rev. (Catholic Healthcare Partners) TOB VRDO

0.620%

 

3/6/09

 

(4)

7,715

7,715

1

Lorain County OH Hosp. Rev. (Catholic Healthcare Partners) TOB VRDO

1.020%

 

3/6/09

 

(4)

9,250

9,250

 

Lorain County OH Port Auth. Educ. Fac. (St. Ignatius High School) VRDO

0.610%

 

3/6/09

 

LOC

2,250

2,250

 

Lorain County OH Sewer System BAN

2.500%

 

5/14/09

 

 

2,800

2,804

 

Lucas County OH BAN

3.000%

 

7/30/09

 

 

7,000

7,037

 

Lucas County OH Hosp. Rev. (ProMedica Health Care) VRDO

0.720%

 

3/6/09

 

LOC

7,800

7,800

 

Lucas County OH Hosp. Rev. (ProMedica Health Care) VRDO

0.720%

 

3/6/09

 

LOC

5,500

5,500

 

Marysville OH BAN

2.500%

 

6/3/09

 

 

3,835

3,840

 

Mason OH BAN

3.000%

 

3/12/09

 

 

2,550

2,551

2

Mason OH BAN

1.500%

 

3/11/10

 

 

2,550

2,569

 

Mason OH City School Dist. BAN

1.500%

 

2/4/10

 

 

2,845

2,865

 

Mentor OH BAN

2.750%

 

8/6/09

 

 

2,060

2,068

 

Miamisburg OH City School Dist. BAN

3.500%

 

7/28/09

 

 

8,250

8,272

1

Montgomery County OH Rev. (Catholic Health Initiatives) TOB VRDO

0.970%

 

3/6/09

 

(4)

6,970

6,970

 

 

 

 

 

 

Montgomery County OH Rev. (Catholic Health Initiatives) VRDO

0.450%

 

3/6/09

 

 

17,670

17,670

 

Montgomery County OH Rev. (Catholic Health Initiatives) VRDO

0.610%

 

3/6/09

 

 

6,300

6,300

1

Montgomery County OH Rev. TOB VRDO

0.970%

 

3/6/09

 

(4)

4,995

4,995

 

Ohio Air Quality Dev. Auth. PCR (Ohio Edison Co.) VRDO

0.500%

 

3/2/09

 

LOC

4,800

4,800

 

Ohio Air Quality Dev. Rev. (Dayton Power & Light Co. Project) VRDO

0.300%

 

3/6/09

 

LOC

8,000

8,000

1

Ohio Air Quality Dev. Rev. TOB VRDO

0.840%

 

3/6/09

 

(13)

8,000

8,000

 

Ohio Air Quality Dev. Rev. VRDO

0.600%

 

3/2/09

 

LOC

11,900

11,900

1

Ohio Building Auth. Rev. (Adult Correctional Building) TOB VRDO

0.670%

 

3/6/09

 

(Prere.)

5,850

5,850

 

Ohio Common Schools GO

5.000%

 

3/15/09

 

 

2,000

2,002

 

Ohio Common Schools GO VRDO

0.550%

 

3/6/09

 

 

12,785

12,785

 

Ohio Highway Capital Improvements GO

4.000%

 

5/1/09

 

 

3,875

3,898

 

Ohio GO

7.625%

 

8/1/09

 

 

4,345

4,462

 

Ohio GO

4.000%

 

9/1/09

 

 

7,640

7,704

1

Ohio GO TOB VRDO

0.620%

 

3/6/09

 

 

11,490

11,490

1

Ohio GO TOB VRDO

0.710%

 

3/6/09

 

 

9,400

9,400

 

Ohio GO VRDO

0.400%

 

3/6/09

 

 

5,675

5,675

1

Ohio Higher Educ. Fac. Comm. Rev. (Austin) TOB VRDO

0.620%

 

3/6/09

 

(13)

5,000

5,000

 

Ohio Higher Educ. Fac. Comm. Rev. (Case Western Reserve Univ.) CP

0.400%

 

3/2/09

 

 

5,000

5,000

 

Ohio Higher Educ. Fac. Comm. Rev. (Case Western Reserve Univ.) VRDO

0.450%

 

3/6/09

 

 

11,930

11,930

 

Ohio Higher Educ. Fac. Comm. Rev. (Mount Union College) VRDO

0.650%

 

3/6/09

 

LOC

1,330

1,330

 

Ohio Higher Educ. Fac. Comm. Rev. (Northern Univ.) VRDO

0.650%

 

3/6/09

 

LOC

8,000

8,000

 

Ohio Higher Educ. Fac. Comm. Rev. (Univ. Hospitals Health System) VRDO

0.500%

 

3/6/09

 

LOC

5,000

5,000

 

 

 

 

 

 

Ohio Higher Educ. Fac. Comm. Rev. (Univ. Hospitals Health System) VRDO

0.620%

 

3/6/09

 

LOC

8,600

8,600

1

Ohio Higher Educ. Fac. Comm. Rev. TOB VRDO

0.600%

 

3/6/09

 

 

6,225

6,225

1

Ohio Housing Finance Agency Mortgage Rev. TOB VRDO

0.750%

 

3/6/09

 

 

5,730

5,730

1

Ohio Housing Finance Agency Mortgage Rev. TOB VRDO

0.750%

 

3/6/09

 

 

4,745

4,745

1

Ohio Housing Finance Agency Mortgage Rev. TOB VRDO

0.920%

 

3/6/09

 

 

4,455

4,455

 

Ohio Housing Finance Agency Mortgage Rev. VRDO

0.600%

 

3/6/09

 

 

1,930

1,930

 

Ohio Housing Finance Agency Mortgage Rev. VRDO

0.600%

 

3/6/09

 

 

8,000

8,000

 

Ohio Housing Finance Agency Mortgage Rev. VRDO

0.620%

 

3/6/09

 

 

11,530

11,530

 

Ohio Housing Finance Agency Mortgage Rev. VRDO

0.750%

 

3/6/09

 

 

4,830

4,830

 

Ohio Housing Finance Agency Mortgage Rev. VRDO

0.800%

 

3/6/09

 

 

9,040

9,040

 

Ohio Housing Finance Agency Mortgage Rev. VRDO

0.800%

 

3/6/09

 

 

8,580

8,580

 

Ohio Housing Finance Agency Mortgage Rev. VRDO

0.810%

 

3/6/09

 

 

5,000

5,000

 

Ohio PCR (Sohio Air British Petroleum Co.) VRDO

0.600%

 

3/2/09

 

 

3,900

3,900

 

Ohio GO VRDO

0.400%

 

3/6/09

 

 

3,400

3,400

 

Ohio Solid Waste Rev. (BP Exploration & Oil Inc.) VRDO

0.500%

 

3/2/09

 

 

10,225

10,225

 

Ohio Solid Waste Rev. (BP Exploration & Oil Inc.) VRDO

0.500%

 

3/2/09

 

 

7,625

7,625

 

Ohio Solid Waste Rev. (BP Exploration & Oil Inc.) VRDO

0.500%

 

3/2/09

 

 

4,600

4,600

 

Ohio Solid Waste Rev. (BP Exploration & Oil Inc.) VRDO

0.500%

 

3/2/09

 

 

6,505

6,505

1

Ohio State Higher Educ. Fac. TOB VRDO

0.600%

 

3/6/09

 

 

3,700

3,700

1

Ohio State Higher Educ. TOB VRDO

0.570%

 

3/6/09

 

LOC

4,980

4,980

 

Ohio State Univ. CP

0.650%

 

6/11/09

 

 

22,400

22,400

 

Ohio State Univ. General Receipts Rev. VRDO

0.450%

 

3/6/09

 

 

6,400

6,400

1

Ohio State Water Dev. Auth. PCR TOB VRDO

0.600%

 

3/6/09

 

 

5,995

5,995

1

Ohio Turnpike Comm. Turnpike Rev. TOB VRDO

2.150%

 

3/6/09

 

 

3,990

3,990

 

Ohio Water Dev. Auth. PCR (FirstEnergy Nuclear) VRDO

0.680%

 

3/6/09

 

LOC

13,000

13,000

 

 

 

 

 

 

Ohio Water Dev. Auth. PCR (FirstEnergy) VRDO

0.500%

 

3/6/09

 

LOC

13,250

13,250

 

Ohio Water Dev. Auth. PCR (FirstEnergy) VRDO

0.600%

 

3/6/09

 

LOC

15,000

15,000

 

Ohio Water Dev. Auth. PCR (FirstEnergy) VRDO

0.700%

 

3/6/09

 

LOC

10,000

10,000

 

Ohio Water Dev. Auth. PCR BAN

3.000%

 

8/4/09

 

 

5,000

5,037

1

Ohio Water Dev. Auth. Rev. (Drinking Water Fund) TOB VRDO

0.670%

 

3/6/09

 

 

7,199

7,198

 

Ohio Water Dev. Auth. Rev. (Fresh Water) CP

0.850%

 

4/8/09

 

 

10,000

10,000

 

Ohio Water Dev. Auth. Rev. (Pure Water) VRDO

0.930%

 

3/6/09

 

 

43,435

43,435

 

Ohio Water Dev. Auth. Rev. BAN

4.000%

 

10/1/09

 

 

7,000

7,067

1

Ohio Water Dev. Auth. Rev. TOB VRDO

3.500%

 

3/6/09

 

 

17,485

17,485

 

Perrysburg OH BAN

2.125%

 

5/21/09

 

 

2,283

2,284

 

Port of Greater Cincinnati Dev. Auth. (Sycamore Township Kenwood) VRDO

0.600%

 

3/6/09

 

LOC

3,000

3,000

 

Portage County OH BAN

3.250%

 

10/2/09

 

 

5,000

5,007

 

Shaker Heights OH Urban Renewal BAN

3.650%

 

4/22/09

 

 

4,000

4,005

 

Strongsville OH BAN

3.250%

 

5/14/09

 

 

2,740

2,742

1

Toledo Lucas County OH Port Auth. VRDO

0.710%

 

3/6/09

 

 

5,500

5,500

 

Toledo OH City Services Special Assessment VRDO

0.600%

 

3/6/09

 

LOC

6,200

6,200

 

Toledo OH City Services Special Assessment VRDO

0.640%

 

3/6/09

 

LOC

1,400

1,400

 

Union Township OH BAN

3.000%

 

9/15/09

 

 

10,000

10,053

 

Univ. of Cincinnati OH General Receipts BAN

2.750%

 

7/21/09

 

 

8,950

8,985

 

Upper Arlington OH City School Dist. TAN

2.625%

 

6/25/09

 

 

2,500

2,505

 

Westlake OH BAN

1.250%

 

1/28/10

 

 

3,100

3,107

 

Willoughby OH BAN

3.000%

 

10/14/09

 

 

6,810

6,832

 

 

 

 

 

 

 

 

1,012,999

Puerto Rico (0.8%)

 

 

 

 

 

 

 

 

Puerto Rico TRAN

3.000%

 

7/30/09

 

LOC

8,000

8,044

Total Tax-Exempt Municipal Bonds (Cost $1,021,043)

 

 

 

1,021,043

Other Assets and Liabilities-Net (-0.2%)

 

 

 

(2,152)

Net Assets (100%)

 

 

 

1,018,891

 

1

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 February 28, 2009, the aggregate value of these securities was $219,258,000, representing 21.5% of net assets.

2

Security purchased on a when-issued or delayed delivery basis for which the fund has not taken delivery as of February 28, 2009.

Ohio Tax-Exempt Money Market Fund

 

 

Key to Abbreviations

 

ARS - Auction Rate Security.

BAN - Bond Anticipation Note.

COP - Certificate of Participation.

CP - Commercial Paper.

FR - Floating Rate.

GAN - Grant Anticipation Note.

GO - General Obligation Bond.

IDA - Industrial Development Authority Bond.

IDR - Industrial Development Revenue Bond.

PCR - Pollution Control Revenue Bond.

PUT - Put Option Obligation.

RAN - Revenue Anticipation Note.

TAN - Tax Anticipation Note.

TOB - Tender Option Bond.

TRAN - Tax Revenue Anticipation Note.

UFSD - Union Free School District.

USD - United School District.

VRDO - Variable Rate Demand Obligation.

(ETM) - Escrowed to Maturity.

(Prere.) - Prerefunded.

 

Scheduled principal and interest payments are guaranteed by:

(1) MBIA (Municipal Bond Insurance Association).

(2) AMBAC (Ambac Assurance Corporation).

(3) FGIC (Financial Guaranty Insurance Company).

(4) FSA (Financial Security Assurance).

(5) BIGI (Bond Investors Guaranty Insurance).

(6) Connie Lee Inc.

(7) FHA (Federal Housing Authority).

(8) CapMAC (Capital Markets Assurance Corporation).

(9) American Capital Access Financial Guaranty Corporation.

(10) XL Capital Assurance Inc.

(11) CIFG (CDC IXIS Financial Guaranty).

(12) Assured Guaranty Corp.

(13) National Indemnity Co. (Berkshire Hathaway).

The insurance does not guarantee the market value of the municipal bonds.

 

LOC - Scheduled principal and interest payments are guaranteed by bank letter of credit.

 

Security Valuation: Securities are valued at amortized cost, which approximates market value.

In September 2006, the Financial Accounting Standards Board issued Statement of Financial Accounting Standards No. 157 (“FAS 157”), “Fair Value Measurements.” FAS 157 establishes a framework for measuring fair value and expands disclosures about fair value measurements in financial statements.

The various inputs that may be used to determine the value of the fund's investments are summarized in three broad levels. The inputs or methodologies used for valuing 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).

At February 28, 2009, 100% of the fund's investments were valued using amortized cost, in accordance with rules under the Investment Company Act of 1940. Amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active market, securities valued at amortized cost are considered to be valued using Level 2 inputs.

 

 

 

Ohio Long-Term Tax-Exempt Fund

 

Schedule of Investments

As of February 28, 2009

 

 

 

Coupon

 

Maturity

Date

 

 

Face

Amount

($000)

Market

Value

($000)

Tax-Exempt Municipal Bonds (99.0%)

Ohio (96.4%)

 

Adams County OH School Dist. GO

5.550%

 

12/1/09

 

(1)

1,000

1,003

 

Akron OH GO

5.500%

 

12/1/18

 

(1)

1,315

1,379

 

Akron OH Income Tax Rev. (Community Learning Center)

5.000%

 

12/1/27

 

(1)

6,300

6,339

 

Allen County OH Hosp. Fac. Rev. (Catholic Healthcare) VRDO

0.550%

 

3/2/09

 

LOC

550

550

 

Allen County OH Hosp. Fac. Rev. (Catholic Healthcare) VRDO

0.600%

 

3/2/09

 

LOC

1,600

1,600

 

American Muni. Power Ohio Inc.

5.000%

 

2/15/38

 

 

16,385

15,708

 

American Muni. Power Ohio Inc. (Omega JV)

5.250%

 

1/1/14

 

(2)

2,625

2,721

 

American Muni. Power Ohio Inc. (Omega JV)

5.250%

 

1/1/15

 

(2)

2,865

2,963

 

American Muni. Power Ohio Inc. (Omega JV)

5.250%

 

1/1/16

 

(2)

1,015

1,047

 

American Muni. Power Ohio Inc. Electricity Purchase Rev.

5.000%

 

2/1/13

 

 

3,000

2,739

 

Amherst OH Exempt Village School Dist. GO

5.750%

 

12/1/11

 

(3)(Prere.)

1,300

1,450

 

Amherst OH Exempt Village School Dist. GO

5.750%

 

12/1/11

 

(3)(Prere.)

1,300

1,450

 

Avon OH Local School Dist. GO

5.250%

 

12/1/13

 

(1)(Prere.)

2,400

2,770

 

Bowling Green State Univ. Ohio General Receipts Rev.

5.750%

 

6/1/10

 

(3)(Prere.)

2,250

2,410

 

Bowling Green State Univ. Ohio General Receipts Rev.

5.750%

 

6/1/10

 

(3)(Prere.)

1,190

1,275

 

Buckeye OH Tobacco Settlement Financing Corp. Rev.

5.125%

 

6/1/24

 

 

8,180

5,949

 

Buckeye OH Tobacco Settlement Financing Corp. Rev.

5.750%

 

6/1/34

 

 

2,500

1,485

 

Buckeye OH Tobacco Settlement Financing Corp. Rev.

6.500%

 

6/1/47

 

 

7,750

4,841

 

Butler County OH GO

5.250%

 

12/1/12

 

(Prere.)

1,570

1,790

 

Butler County OH GO

5.250%

 

12/1/12

 

(Prere.)

1,655

1,886

 

Butler County OH Hosp. Fac. Rev. (Cincinnati Children's Hosp.)

5.000%

 

5/15/31

 

(1)

5,000

3,825

 

 

Ohio Long-Term Tax-Exempt Fund

 

Schedule of Investments

As of February 28, 2009

 

 

 

Butler County OH Sewer System Rev.

5.375%

 

12/1/09

 

(3)(Prere.)

1,230

1,288

 

Butler County OH Waterworks Rev.

5.250%

 

12/1/21

 

(2)

4,000

4,239

 

Canal Winchester OH Local School Dist. GO

5.500%

 

12/1/11

 

(3)(Prere.)

805

890

 

Canal Winchester OH Local School Dist. GO

5.500%

 

12/1/11

 

(3)(Prere.)

1,080

1,194

 

Canal Winchester OH Local School Dist. GO

5.500%

 

12/1/11

 

(3)(Prere.)

950

1,050

 

Canal Winchester OH Local School Dist. GO

5.000%

 

6/1/15

 

(1)(Prere.)

3,030

3,472

 

Centerville OH City School Dist. GO

5.000%

 

12/1/30

 

(4)

9,260

9,358

 

Chillicothe OH City School Dist.

5.250%

 

12/1/14

 

(3)(Prere.)

1,745

2,033

 

Cincinnati OH City School Dist. Classroom Fac. Construction & Improvement

5.250%

 

12/1/28

 

(1)

4,000

4,238

 

Cincinnati OH City School Dist. Improvement GO

5.000%

 

12/15/32

 

(4)

1,000

989

 

Cincinnati OH Econ. Dev. Rev. (Baldwin)

4.875%

 

11/1/38

 

 

7,870

7,600

 

Cincinnati OH Water System Rev.

5.500%

 

6/1/11

 

(Prere.)

1,380

1,506

 

Cincinnati OH Water System Rev.

5.500%

 

6/1/11

 

(Prere.)

2,000

2,182

 

Cincinnati OH Water System Rev.

5.000%

 

12/1/23

 

(1)

6,000

6,337

 

Cincinnati OH Water System Rev.

5.000%

 

12/1/32

 

 

4,000

4,022

 

Cleveland OH GO

5.375%

 

9/1/10

 

(2)

1,000

1,051

 

Cleveland OH GO

5.500%

 

12/1/10

 

(3)(Prere.)

1,135

1,233

 

Cleveland OH GO

5.500%

 

12/1/10

 

(3)(Prere.)

1,415

1,537

 

Cleveland OH GO

5.500%

 

12/1/11

 

(1)

1,340

1,437

 

Cleveland OH GO

5.375%

 

9/1/12

 

(2)

1,000

1,095

 

Cleveland OH GO

5.250%

 

8/1/13

 

(3)(Prere.)

2,400

2,748

 

Cleveland OH GO

5.500%

 

10/1/20

 

(2)

7,350

8,157

 

Cleveland OH GO

5.000%

 

10/1/21

 

(2)

2,920

3,084

 

Cleveland OH GO

5.500%

 

10/1/22

 

(2)

3,870

4,217

 

Cleveland OH Income Tax Rev.

5.000%

 

10/1/29

 

(12)

7,180

7,134

 

Cleveland OH Public Power System Rev.

5.000%

 

11/15/28

 

(1)

1,250

1,218

 

Cleveland OH Public Power System Rev.

0.000%

 

11/15/33

 

(1)

6,895

1,572

 

Cleveland OH State Univ. Rev.

5.250%

 

6/1/19

 

(1)

2,825

3,014

 

Cleveland OH State Univ. Rev.

5.000%

 

6/1/30

 

(1)

5,000

4,828

 

Cleveland OH Water Works Rev.

5.500%

 

1/1/21

 

(1)

9,635

10,595

 

 

Ohio Long-Term Tax-Exempt Fund

 

Schedule of Investments

As of February 28, 2009

 

 

 

Columbus OH City School Dist. School Fac. Construction & Improvement GO

5.250%

 

12/1/14

 

(4)(Prere.)

2,390

2,774

 

Columbus OH City School Dist. School Fac. Construction & Improvement GO

5.250%

 

12/1/14

 

(4)(Prere.)

2,070

2,403

 

Columbus OH GO

5.000%

 

12/15/13

 

 

5,000

5,694

 

Columbus OH GO

5.000%

 

9/1/16

 

 

9,225

10,683

 

Columbus OH Sewer Rev.

5.000%

 

6/1/28

 

 

4,005

4,087

 

Columbus OH Sewer Rev.

4.500%

 

6/1/29

 

 

8,000

7,661

 

Columbus OH Sewer Rev.

4.250%

 

6/1/30

 

 

5,010

4,524

 

Columbus OH Sewer Rev.

5.000%

 

6/1/31

 

 

4,000

4,031

 

Cuyahoga County OH (Capital Improvement) GO

5.750%

 

12/1/10

 

(Prere.)

2,000

2,157

 

Cuyahoga County OH (Capital Improvement) GO

5.750%

 

12/1/10

 

(Prere.)

2,000

2,157

 

Cuyahoga County OH (Capital Improvement) GO

5.750%

 

12/1/10

 

(Prere.)

1,710

1,844

 

Cuyahoga County OH (Capital Improvement) GO

5.750%

 

12/1/10

 

(Prere.)

2,000

2,157

 

Cuyahoga County OH Hosp. Rev. (Cleveland Clinic Foundation)

6.000%

 

1/1/32

 

 

10,000

10,037

 

Cuyahoga County OH Hosp. Rev. (Cleveland Clinic Foundation) VRDO

0.500%

 

3/2/09

 

 

1,700

1,700

 

Erie County OH Hosp. Fac. Rev. (Firelands Regional Medical Center)

5.500%

 

8/15/22

 

 

1,750

1,583

 

Erie County OH Hosp. Fac. Rev. (Firelands Regional Medical Center)

5.250%

 

8/15/46

 

 

11,080

7,835

 

Fairborn OH City School Dist. School Improvement GO

5.500%

 

12/1/16

 

(1)

1,840

1,985

 

Fairborn OH City School Dist. School Improvement GO

5.375%

 

12/1/20

 

(1)

1,200

1,275

 

Fairfield County OH Hosp. Rev. (Lancaster-Fairfield Hosp.)

5.375%

 

6/15/15

 

(1)

3,000

3,329

 

Franklin County OH GO

5.000%

 

12/1/31

 

 

7,500

7,660

 

 

Ohio Long-Term Tax-Exempt Fund

 

Schedule of Investments

As of February 28, 2009

 

 

 

Franklin County OH Hosp. Rev. (Nationwide Childrens)

4.750%

 

11/1/28

 

 

1,500

1,315

 

Franklin County OH Hosp. Rev. (Trinity Health Credit Group)

5.000%

 

6/1/19

 

 

4,035

4,133

 

Franklin County OH Hosp. Rev. (Trinity Health Credit Group)

5.000%

 

6/1/21

 

 

4,465

4,473

 

Gallia County OH Hosp. Rev. (Holzer Medical Center)

5.125%

 

10/1/13

 

(2)

2,000

1,976

 

Gallia County OH Local School Dist.

5.000%

 

12/1/26

 

(4)

2,075

2,107

 

Gallia County OH Local School Dist.

5.000%

 

12/1/27

 

(4)

2,180

2,201

 

Gallia County OH Local School Dist.

5.000%

 

12/1/30

 

(4)

5,000

4,973

 

Gallia County OH Local School Dist.

5.000%

 

12/1/33

 

(4)

5,000

4,923

 

Gallipolis Ohio City School Dist. (School Fac.)

5.000%

 

12/1/30

 

(1)

4,040

3,864

 

Garfield Heights OH City School Dist. School Improvement GO

5.500%

 

12/15/11

 

(1)(Prere.)

1,640

1,819

 

Greene County OH Sewer System Rev.

5.000%

 

12/1/22

 

(4)

4,470

4,542

 

Greene County OH Sewer System Rev.

5.000%

 

12/1/23

 

(4)

4,695

4,735

 

Greene County OH Sewer System Rev.

5.000%

 

12/1/24

 

(4)

5,050

5,079

 

Greene County OH Sewer System Rev.

5.000%

 

12/1/25

 

(4)

5,000

5,011

 

Hamilton County OH Convention Center Fac. Auth. Rev. Second Lien

5.250%

 

6/1/14

 

(3)(Prere.)

1,270

1,467

 

Hamilton County OH Convention Center Fac. Auth. Rev. Second Lien

5.250%

 

12/1/20

 

(1)

1,185

1,276

 

Hamilton County OH Convention Center Fac. Auth. Rev. Second Lien

5.250%

 

12/1/21

 

(1)

1,245

1,315

 

Hamilton County OH Convention Center Fac. Auth. Rev. Second Lien

5.250%

 

12/1/23

 

(1)

1,380

1,438

 

Hamilton County OH Convention Center Fac. Auth. Rev. Second Lien

5.250%

 

12/1/24

 

(3)

185

191

 

Hamilton County OH Econ. Dev. Rev. (King Highland Community Urban)

5.250%

 

6/1/28

 

(1)

7,290

7,307

 

 

Ohio Long-Term Tax-Exempt Fund

 

Schedule of Investments

As of February 28, 2009

 

 

 

Hamilton County OH Hosp. Fac. Rev. (Cincinnati Children's Hosp.)

5.200%

 

5/15/09

 

(1)

695

700

 

Hamilton County OH Hosp. Fac. Rev. (Cincinnati Children's Hosp.)

5.500%

 

5/15/19

 

(1)

2,865

2,938

 

Hamilton County OH Hosp. Fac. Rev. (Cincinnati Children's Hosp.)

5.500%

 

5/15/20

 

(1)

3,020

3,063

 

Hamilton County OH Sales Tax Rev.

5.000%

 

12/1/25

 

(2)

5,000

4,702

 

Hamilton County OH Sales Tax Rev.

5.000%

 

12/1/26

 

(2)

5,000

4,654

 

Hamilton County OH Sales Tax Rev.

5.000%

 

12/1/32

 

(4)

10,000

9,862

 

Hamilton County OH Sewer System Rev.

5.450%

 

12/1/09

 

(1)

3,250

3,337

 

Hamilton County OH Sewer System Rev.

5.625%

 

6/1/10

 

(1)(Prere.)

965

1,031

 

Hamilton County OH Sewer System Rev.

5.625%

 

6/1/10

 

(1)(Prere.)

755

807

 

Hamilton County OH Sewer System Rev.

5.250%

 

12/1/11

 

(1)(Prere.)

1,355

1,493

 

Hamilton County OH Sewer System Rev.

5.250%

 

12/1/11

 

(1)(Prere.)

1,000

1,102

 

Hamilton County OH Sewer System Rev.

5.000%

 

12/1/31

 

(1)

5,300

5,250

 

Hamilton OH City School Dist. GO

5.000%

 

12/1/26

 

(4)

3,070

3,177

 

Hamilton OH City School Dist. GO

5.000%

 

12/1/28

 

(4)

5,000

5,105

 

Hamilton OH City School Dist. GO

5.000%

 

12/1/34

 

(4)

2,250

2,257

 

Highland OH Local School Dist. School Improvement GO

5.750%

 

12/1/11

 

(4)(Prere.)

1,510

1,684

 

Hilliard OH School Dist. GO

0.000%

 

12/1/12

 

(1)

3,220

2,949

 

Hilliard OH School Dist. GO

0.000%

 

12/1/13

 

(1)

3,220

2,846

 

Hilliard OH School Dist. GO

5.250%

 

12/1/16

 

(1)

2,000

2,175

 

Hilliard OH School Dist. GO

5.000%

 

12/1/27

 

(1)

2,895

2,926

 

Huron County OH Hosp. Fac. Rev. (Fisher-Titus Medical Center)

5.250%

 

12/1/37

 

 

4,825

3,974

 

Indian Hill OH Exempt Village School Dist. Hamilton County GO

5.500%

 

12/1/11

 

(Prere.)

1,295

1,436

 

 

Ohio Long-Term Tax-Exempt Fund

 

Schedule of Investments

As of February 28, 2009

 

 

 

Jackson OH Local School Dist. Stark & Summit Counties Construction & Improvement

5.250%

 

6/1/14

 

(3)(Prere.)

4,350

5,025

 

Lake Ohio Local School Dist. Stark County OH GO

5.750%

 

12/1/10

 

(3)(Prere.)

1,000

1,079

 

Logan Hocking OH Local School Dist. GO

5.500%

 

12/1/11

 

(1)(Prere.)

1,675

1,857

 

Lorain County OH GO

5.500%

 

12/1/22

 

(1)

1,500

1,584

 

Lorain County OH Hosp. Fac. Rev. (Catholic Healthcare Partners)

5.000%

 

4/1/15

 

(4)

5,200

5,628

 

Lorain County OH Hosp. Fac. Rev. (Catholic Healthcare Partners)

5.400%

 

10/1/21

 

 

4,000

4,022

 

Lorain County OH Hosp. Fac. Rev. (Catholic Healthcare Partners)

5.000%

 

4/1/33

 

(4)

5,000

4,656

 

Lucas County OH Hosp. Rev.

5.000%

 

11/15/38

 

 

5,000

4,255

 

Lucas County OH Hosp. Rev. (ProMedica Health Care)

5.750%

 

11/15/14

 

(1)(ETM)

5,360

5,378

 

Lucas County OH Hosp. Rev. (ProMedica Health Care)

5.750%

 

11/15/14

 

(1)

640

641

 

Lucas County OH Hosp. Rev. (ProMedica Health Care)

5.625%

 

11/15/15

 

(2)

2,500

2,539

 

Lucas County OH Hosp. Rev. (ProMedica Health Care)

5.625%

 

11/15/17

 

(2)

2,075

2,102

 

Mad River OH Local School Dist. GO

5.750%

 

12/1/12

 

(3)(Prere.)

1,195

1,373

 

Marysville OH Exempt Village School Dist. COP

5.250%

 

6/1/15

 

(1)(Prere.)

2,095

2,445

 

Marysville OH Exempt Village School Dist. COP

5.250%

 

6/1/15

 

(1)(Prere.)

2,035

2,375

 

Marysville OH Exempt Village School Dist. COP

5.250%

 

6/1/15

 

(1)(Prere.)

2,140

2,498

 

Marysville OH WasteWater Treatment System Rev.

5.000%

 

12/1/31

 

(10)

2,720

2,375

 

Mason OH City School Dist. School Improvement GO

5.000%

 

12/1/35

 

 

2,000

2,001

 

Medina OH School Dist. COP

5.250%

 

12/1/37

 

(12)

7,210

7,262

 

Miami Univ. of Ohio General Receipts Refunding

5.250%

 

12/1/20

 

(2)

2,000

2,104

 

Middletown OH City School Dist. GO

5.000%

 

12/1/23

 

(4)

5,345

5,521

 

 

Ohio Long-Term Tax-Exempt Fund

 

Schedule of Investments

As of February 28, 2009

 

 

 

Milford OH Exempt Village School Dist. School Improvement GO

6.000%

 

12/1/11

 

(4)(Prere.)

1,425

1,599

 

Milford OH Exempt Village School Dist. School Improvement GO

6.000%

 

12/1/11

 

(4)(Prere.)

1,600

1,796

 

Montgomery County OH Rev. (Catholic Health Initiatives)

5.000%

 

5/1/30

 

 

7,630

6,814

 

Montgomery County OH Rev. (Catholic Health Initiatives)

5.000%

 

10/1/41

 

(4)

5,000

4,358

 

New Albany Plain OH Local School Dist. GO

5.500%

 

6/1/12

 

(3)(Prere.)

500

561

 

New Albany Plain OH Local School Dist. GO

5.500%

 

12/1/17

 

(3)

675

731

 

Nordonia Hills OH Local School Dist. GO

0.000%

 

12/1/11

 

(2)

1,200

1,128

 

Nordonia Hills OH Local School Dist. GO

0.000%

 

12/1/12

 

(2)

1,700

1,547

 

North Olmsted OH GO (Library Improvement)

5.500%

 

12/1/10

 

(3)(Prere.)

1,355

1,458

 

Oak Hills OH Local School Dist. GO

7.200%

 

12/1/09

 

(1)

510

532

 

Ohio Air Quality Dev. Auth. PCR (Ohio Edison Co.) VRDO

0.500%

 

3/2/09

 

LOC

1,800

1,800

 

Ohio Building Auth. Rev. (Adult Correctional Building)

5.000%

 

10/1/11

 

(1)

5,000

5,421

 

Ohio Building Auth. Rev. (State Fac. Art Building)

5.500%

 

4/1/11

 

(Prere.)

1,585

1,722

 

Ohio Building Auth. Rev. (State Fac. Art Building)

5.500%

 

4/1/11

 

(Prere.)

1,500

1,630

 

Ohio Building Auth. Rev. (State Fac. Highway Safety Building Fund)

5.500%

 

10/1/17

 

(4)

1,305

1,412

 

Ohio Building Auth. Rev. (State Fac. Highway Safety Building Fund)

5.500%

 

10/1/18

 

(4)

1,380

1,473

 

Ohio Common Schools GO

5.000%

 

6/15/24

 

 

8,000

8,247

 

Ohio GO

5.000%

 

9/15/11

 

 

5,715

6,209

 

Ohio GO

5.000%

 

8/1/13

 

 

3,565

4,002

 

Ohio GO

5.500%

 

11/1/14

 

 

4,185

4,847

 

Ohio GO

4.500%

 

9/15/22

 

(1)

5,000

5,148

 

Ohio Higher Educ. Capital Fac. Rev.

5.000%

 

8/1/11

 

(2)

6,110

6,596

 

Ohio Higher Educ. Fac. Comm. Rev.

5.750%

 

5/1/28

 

 

5,000

4,875

 

Ohio Higher Educ. Fac. Comm. Rev. (Case Western Reserve Univ.)

5.000%

 

12/1/13

 

(Prere.)

3,885

4,440

 

 

Ohio Long-Term Tax-Exempt Fund

 

Schedule of Investments

As of February 28, 2009

 

 

 

Ohio Higher Educ. Fac. Comm. Rev. (Case Western Reserve Univ.)

5.250%

 

12/1/26

 

(1)

3,520

3,786

 

Ohio Higher Educ. Fac. Comm. Rev. (Case Western Reserve Univ.)

5.000%

 

12/1/27

 

(2)

2,115

2,084

 

Ohio Higher Educ. Fac. Comm. Rev. (Cleveland Health Clinic)

5.125%

 

1/1/28

 

 

5,000

4,844

 

Ohio Higher Educ. Fac. Comm. Rev. (Cleveland Health Clinic)

5.250%

 

1/1/29

 

 

5,000

4,867

 

Ohio Higher Educ. Fac. Comm. Rev. (Cleveland Health Clinic) VRDO

0.400%

 

3/2/09

 

 

3,300

3,300

 

Ohio Higher Educ. Fac. Comm. Rev. (Denison Univ.)

5.500%

 

11/1/11

 

(Prere.)

1,000

1,117

 

Ohio Higher Educ. Fac. Comm. Rev. (Denison Univ.)

5.000%

 

11/1/26

 

 

5,815

6,001

 

Ohio Higher Educ. Fac. Comm. Rev. (Denison Univ.)

5.000%

 

11/1/32

 

 

2,980

2,988

 

Ohio Higher Educ. Fac. Comm. Rev. (John Carroll Univ.)

5.850%

 

4/1/09

 

(1)(Prere.)

2,875

2,947

 

Ohio Higher Educ. Fac. Comm. Rev. (John Carroll Univ.)

5.000%

 

4/1/32

 

 

3,415

2,908

 

Ohio Higher Educ. Fac. Comm. Rev. (Kenyon College)

5.000%

 

7/1/41

 

 

4,500

4,013

 

Ohio Higher Educ. Fac. Comm. Rev. (Kenyon College) VRDO

0.750%

 

3/2/09

 

 

5,900

5,900

 

Ohio Higher Educ. Fac. Comm. Rev. (Northern Univ.)

5.000%

 

5/1/26

 

 

5,275

4,825

 

Ohio Higher Educ. Fac. Comm. Rev. (Oberlin College)

5.000%

 

10/1/33

 

 

5,000

5,002

 

Ohio Higher Educ. Fac. Comm. Rev. (Univ. Hospitals Health System)

5.250%

 

1/15/46

 

 

16,500

12,112

 

Ohio Higher Educ. Fac. Comm. Rev. (Univ. of Dayton)

5.375%

 

12/1/16

 

(2)

1,795

1,930

 

Ohio Higher Educ. GO

5.250%

 

12/1/11

 

(1)

4,500

4,946

 

Ohio Highway Capital Improvements Rev.

5.000%

 

5/1/11

 

 

2,800

3,022

 

 

Ohio Long-Term Tax-Exempt Fund

 

Schedule of Investments

As of February 28, 2009

 

 

 

Ohio Housing Finance Agency Mortgage Rev.

5.250%

 

9/1/28

 

 

4,980

4,896

 

Ohio Housing Finance Agency Mortgage Rev.

6.200%

 

9/1/33

 

 

7,500

7,777

 

Ohio Mental Health Capital Fac. Rev.

5.000%

 

8/1/12

 

(2)

1,000

1,050

 

Ohio State Univ. General Receipts Rev.

5.000%

 

12/1/14

 

 

7,520

8,505

 

Ohio State Univ. General Receipts Rev.

5.250%

 

6/1/23

 

 

3,000

3,160

 

Ohio Turnpike Comm. Turnpike Rev.

5.500%

 

2/15/18

 

 

3,150

3,323

 

Ohio Turnpike Comm. Turnpike Rev.

5.500%

 

2/15/19

 

 

2,235

2,358

 

Ohio Turnpike Comm. Turnpike Rev.

5.500%

 

2/15/20

 

 

1,570

1,656

 

Ohio Turnpike Comm. Turnpike Rev.

5.500%

 

2/15/24

 

(1)

12,000

13,519

 

Ohio Water Dev. Auth. PCR

5.500%

 

6/1/23

 

 

2,155

2,485

 

Ohio Water Dev. Auth. PCR (FirstEnergy) VRDO

0.550%

 

3/2/09

 

LOC

3,300

3,300

 

Ohio Water Dev. Auth. Rev. (Fresh Water Improvement)

5.375%

 

6/1/12

 

(Prere.)

2,100

2,350

 

Ohio Water Dev. Auth. Rev. (Fresh Water Improvement)

5.375%

 

6/1/12

 

(Prere.)

2,170

2,428

 

Ohio Water Dev. Auth. Rev. (Fresh Water Improvement)

5.375%

 

6/1/12

 

(Prere.)

2,735

3,061

 

Ohio Water Dev. Auth. Rev. (Fresh Water Improvement)

5.500%

 

12/1/22

 

 

4,690

5,474

 

Ohio Water Dev. Auth. Rev. (Fresh Water Improvement)

5.500%

 

6/1/23

 

 

1,225

1,413

 

Ohio Water Dev. Auth. Rev. (Fresh Water Improvement)

5.500%

 

12/1/23

 

 

1,115

1,288

 

Ohio Water Dev. Auth. Rev. (Pure Water)

7.000%

 

12/1/09

 

(2)(ETM)

310

319

 

Olentangy OH Local School Dist. GO

5.500%

 

6/1/12

 

(4)(Prere.)

1,200

1,343

 

Olentangy OH Local School Dist. GO

5.000%

 

6/1/16

 

(4)(Prere.)

1,235

1,428

 

Olentangy OH Local School Dist. GO

5.500%

 

12/1/16

 

(4)

30

33

 

Olentangy OH Local School Dist. GO

5.000%

 

12/1/30

 

(4)

3,765

3,810

 

 

Ohio Long-Term Tax-Exempt Fund

 

Schedule of Investments

As of February 28, 2009

 

 

 

Olentangy OH Local School Dist. School Fac. Construction & Improvement

5.250%

 

6/1/14

 

(3)(Prere.)

1,400

1,609

 

Olentangy OH Local School Dist. School Fac. Construction & Improvement

5.500%

 

6/1/14

 

(3)(Prere.)

1,300

1,510

 

Olentangy OH Local School Dist. School Fac. Construction & Improvement

5.500%

 

6/1/14

 

(3)(Prere.)

2,750

3,194

 

Reynoldsburg OH School Dist. GO

0.000%

 

12/1/09

 

(1)

1,465

1,438

 

Reynoldsburg OH School Dist. GO

0.000%

 

12/1/10

 

(1)

1,465

1,391

 

Richland County OH GO

6.950%

 

12/1/11

 

(2)

450

452

 

Richland County OH GO

5.400%

 

12/1/15

 

(2)

1,120

1,123

 

Rocky River OH City School Dist. GO

5.375%

 

12/1/17

 

 

2,200

2,485

 

Ross County OH Hosp. Fac. Rev. (Adena Health System)

5.750%

 

12/1/35

 

 

3,000

2,759

 

Scioto County OH Hosp. Rev. (Southern Ohio Medical Center)

5.500%

 

2/15/28

 

 

9,000

8,027

 

Shawnee State Univ. Ohio General Receipts Rev.

5.000%

 

6/1/34

 

(1)

5,470

4,219

 

Sugarcreek OH Local School Dist. GO

5.250%

 

12/1/13

 

(1)(Prere.)

1,215

1,400

 

Summit County OH GO

6.250%

 

12/1/10

 

(3)(Prere.)

1,420

1,561

 

Summit County OH GO

6.500%

 

12/1/10

 

(3)(Prere.)

2,000

2,207

 

Summit County OH GO

5.750%

 

12/1/12

 

(3)(Prere.)

1,800

2,084

 

Summit County OH GO

5.750%

 

12/1/12

 

(3)(Prere.)

1,910

2,212

 

Summit County OH GO

5.750%

 

12/1/12

 

(3)(Prere.)

2,020

2,339

 

Summit County OH GO

5.750%

 

12/1/12

 

(3)(Prere.)

1,420

1,644

 

Summit County OH GO

5.750%

 

12/1/12

 

(3)(Prere.)

1,595

1,847

 

Summit County OH Sanitary Sewer System Improvement GO

5.500%

 

12/1/11

 

(3)(Prere.)

1,015

1,135

 

Tallmadge OH City School Dist.

5.000%

 

12/1/28

 

(4)

3,030

3,044

 

Teays Valley OH Local School Dist. GO

5.000%

 

12/1/27

 

(1)

3,040

3,099

 

Tri Valley OH Local School Dist. GO

5.500%

 

12/1/16

 

(1)

1,255

1,439

 

Tri Valley OH Local School Dist. GO

5.500%

 

12/1/19

 

(1)

1,785

2,030

 

Univ. of Akron OH General Receipts Rev.

5.500%

 

1/1/10

 

(3)(Prere.)

2,545

2,675

 

Univ. of Akron OH General Receipts Rev.

5.000%

 

1/1/33

 

(4)

2,000

1,978

 

Univ. of Akron OH General Receipts Rev.

5.000%

 

1/1/38

 

(4)

4,000

3,928

 

 

Ohio Long-Term Tax-Exempt Fund

 

Schedule of Investments

As of February 28, 2009

 

 

 

Univ. of Akron OH General Receipts Rev. VRDO

2.250%

 

3/6/09

 

(12)

9,900

9,900

 

Univ. of Cincinnati OH COP

5.500%

 

6/1/14

 

(1)

1,000

1,039

 

Univ. of Cincinnati OH General Receipts

5.750%

 

6/1/11

 

(3)(Prere.)

1,285

1,424

 

Univ. of Cincinnati OH General Receipts

5.750%

 

6/1/11

 

(3)(Prere.)

1,500

1,662

 

Univ. of Cincinnati OH General Receipts

5.750%

 

6/1/11

 

(3)(Prere.)

2,500

2,770

 

Univ. of Cincinnati OH General Receipts

5.375%

 

6/1/12

 

(Prere.)

2,000

2,236

 

Univ. of Cincinnati OH General Receipts

5.375%

 

6/1/12

 

(Prere.)

2,595

2,901

 

Univ. of Cincinnati OH General Receipts

5.375%

 

6/1/12

 

(Prere.)

2,880

3,219

 

Univ. of Cincinnati OH General Receipts

5.000%

 

6/1/28

 

(1)

5,000

4,861

 

Univ. of Toledo OH General Receipts

5.250%

 

6/1/11

 

(3)(Prere.)

1,080

1,174

 

Westerville OH City School Dist. GO

5.500%

 

6/1/11

 

(1)(Prere.)

2,000

2,185

 

Westerville OH City School Dist. GO

5.500%

 

6/1/11

 

(1)(Prere.)

1,225

1,339

 

Woodridge OH School Dist. GO

6.800%

 

12/1/14

 

(2)

1,765

2,013

 

Wooster OH School Dist. GO

0.000%

 

12/1/09

 

(4)

2,195

2,173

 

Wooster OH School Dist. GO

0.000%

 

12/1/10

 

(4)

2,265

2,183

 

Wooster OH School Dist. GO

0.000%

 

12/1/11

 

(4)

2,315

2,167

 

 

 

 

 

 

 

 

788,396

Puerto Rico (2.4%)

 

Puerto Rico GO

5.500%

 

7/1/20

 

(1)

1,600

1,503

 

Puerto Rico GO

5.500%

 

7/1/29

 

 

1,500

1,315

 

Puerto Rico GO

5.000%

 

7/1/34

 

 

740

587

 

Puerto Rico Highway & Transp. Auth. Rev.

5.500%

 

7/1/14

 

(Prere.)

3,400

3,907

 

Puerto Rico Muni. Finance Agency

5.250%

 

8/1/19

 

(4)

3,000

2,978

 

Puerto Rico Muni. Finance Agency

5.250%

 

8/1/20

 

(4)

2,500

2,467

 

Puerto Rico Public Buildings Auth. Govt. Fac. Rev.

5.500%

 

7/1/21

 

(1)

2,000

1,862

 

Puerto Rico Public Finance Corp.

5.500%

 

2/1/12

 

(Prere.)

3,005

3,308

 

Puerto Rico Public Finance Corp.

5.500%

 

2/1/12

 

(Prere.)

995

1,097

 

 

Ohio Long-Term Tax-Exempt Fund

 

Schedule of Investments

As of February 28, 2009

 

 

 

Puerto Rico Public Finance Corp.

6.000%

 

8/1/26

 

(ETM)

305

354

 

 

 

 

 

 

 

 

19,378

Virgin Islands (0.2%)

 

 

 

 

 

 

 

 

Virgin Islands Public Finance Auth. Rev.

5.250%

 

10/1/17

 

 

2,000

1,857

 

Total Tax-Exempt Municipal Bonds (Cost $820,572)

 

809,631

 

Other Assets and Liabilities-Net (1.0%)

 

8,376

 

Net Assets (100%)

 

 

 

 

 

 

818,007

 

 

Ohio Long-Term Tax-Exempt Fund

 

Schedule of Investments

As of February 28, 2009

 

Key to Abbreviations

 

ARS - Auction Rate Security.

BAN - Bond Anticipation Note.

COP - Certificate of Participation.

CP - Commercial Paper.

FR - Floating Rate.

GAN - Grant Anticipation Note.

GO - General Obligation Bond.

IDA - Industrial Development Authority Bond.

IDR - Industrial Development Revenue Bond.

PCR - Pollution Control Revenue Bond.

PUT - Put Option Obligation.

RAN - Revenue Anticipation Note.

TAN - Tax Anticipation Note.

TOB - Tender Option Bond.

TRAN - Tax Revenue Anticipation Note.

UFSD - Union Free School District.

USD - United School District.

VRDO - Variable Rate Demand Obligation.

(ETM) - Escrowed to Maturity.

(Prere.) - Prerefunded.

 

Scheduled principal and interest payments are guaranteed by:

(1) MBIA (Municipal Bond Insurance Association).

(2) AMBAC (Ambac Assurance Corporation).

(3) FGIC (Financial Guaranty Insurance Company).

(4) FSA (Financial Security Assurance).

(5) BIGI (Bond Investors Guaranty Insurance).

(6) Connie Lee Inc.

(7) FHA (Federal Housing Authority).

(8) CapMAC (Capital Markets Assurance Corporation).

(9) American Capital Access Financial Guaranty Corporation.

(10) XL Capital Assurance Inc.

(11) CIFG (CDC IXIS Financial Guaranty).

(12) Assured Guaranty Corp.

(13) National Indemnity Co. (Berkshire Hathaway).

The insurance does not guarantee the market value of the municipal bonds.

 

 

LOC - Scheduled principal and interest payments are guaranteed by bank letter of credit.

 

 

 

Ohio Long-Term Tax-Exempt Fund

 

Schedule of Investments

As of February 28, 2009

 

 

Security Valuation: Bonds, and temporary cash investments acquired over 60 days to maturity, 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. Other temporary cash investments are valued at amortized cost, which approximates market value. 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 board of trustees to represent fair value.

At February 28, 2009, the cost of investment securities for tax purposes was $820,826,000. Net unrealized depreciation of investment securities for tax purposes was $11,195,000, consisting of unrealized gains of $21,379,000 on securities that had risen in value since their purchase and $32,574,000 in unrealized losses on securities that had fallen in value since their purchase.

Futures Contracts: The fund is subject to interest rate risk in the normal course of pursuing its investment objectives. 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.

Futures contracts are valued based upon their quoted daily settlement prices. The aggregate principal amounts of the contracts are not recorded in the Statement of Net Assets. Fluctuations in the value of the contracts are recorded in the Statement of Net Assets 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 futures gains (losses). As of February 28, 2009, the fund has no open futures contracts.

In September 2006, the Financial Accounting Standards Board issued Statement of Financial Accounting Standards No. 157 (“FAS 157”), “Fair Value Measurements.” FAS 157 establishes a framework for measuring fair value and expands disclosures about fair value measurements in financial statements.

The various inputs that may be used to determine the value of the fund's investments are summarized in three broad levels. The inputs or methodologies used for valuing 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).

At February 28, 2009, 100% of the fund's investments were valued based on Level 2 inputs.

 

 

Item 2: 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. During the last fiscal quarter, there was no significant change in the Registrant’s internal control over financial reporting that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.

Item 3:

 Exhibits.
(a) Certifications.

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/ F. WILLIAM MCNABB III*
F. WILLIAM MCNABB III
CHIEF EXECUTIVE OFFICER

Date: April 20, 2009

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/ F. WILLIAM MCNABB III*
F. WILLIAM MCNABB III
CHIEF EXECUTIVE OFFICER

Date: April 20, 2009

VANGUARD OHIO TAX-FREE FUNDS       

BY: /s/THOMAS J. HIGGINS*
THOMAS J. HIGGINS
CHIEF FINANCIAL OFFICER

Date: April 20, 2009

* By: /s/ Heidi Stam

Heidi Stam, pursuant to a Power of Attorney filed on January 18, 2008, see file Number2-29601, Incorporated by Reference; and pursuant to a Power of Attorney filed on September 26, 2008, see File Number 2-47371, Incorporated by Reference.