The investment seeks current income exempt from federal income tax and Ohio personal income tax. The fund invests at least 80% of net assets in municipal bonds, the income from which is exempt from both federal and Ohio personal income tax. A portion of its total assets also may be invested in municipal bonds issued by other states and territories. The fund's average weighted maturity normally ranges between three and 15 years. It spreads its holdings across various security types within the municipal securities market.