# Vanguard New Jersey Long-Term Tax-Exempt Fund Investor Shares (VNJTX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/vnjtx for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Vanguard · Asset class: Municipal Bond - Strategy: Thematic · Inception: 1988-02-03 This fund is designed to generate current income free from both federal and New Jersey personal income taxes. Intended solely for New Jersey residents, it predominantly invests in premium municipal bonds issued by New Jersey's state and local governments, alongside regional government and public financing authorities. Ordinarily, at least 80% of the fund's holdings will be in securities providing income exempt from federal and New Jersey state taxation. While individual bond maturities have no set limits, the fund's average dollar-weighted maturity is projected to range from 10 to 25 years.... ## Key Facts | Metric | Value | |---|---| | Price | $10.91 | | Expense Ratio | 0.14% | | Assets Under Management | $3.00B | | NAV | $10.91 | | Holdings Count | 899 | | Distribution Yield (TTM) | 3.78% | | Annual Distribution (TTM) | $0.41 /share | | Distribution Frequency | Monthly | | 52-Week Range | $10.53 – $11.57 | | Beta | 1.16 | ## Latest Distribution - Amount: $0.0357 /share - Ex-date: 2026-09-30 - Pay date: 2026-10-01 ## Frequently Asked Questions ### What does VNJTX invest in? This fund is designed to generate current income free from both federal and New Jersey personal income taxes. Intended solely for New Jersey residents, it predominantly invests in premium municipal bonds issued by New Jersey's state and local governments, alongside regional government and public financing authorities. Ordinarily, at least 80% of the fund's holdings will be in securities providing income exempt from federal and New Jersey state taxation. While individual bond maturities have no set limits, the fund's average dollar-weighted maturity is projected to range from 10 to 25 years. With an average duration of approximately 6 to 10 years, its share price is notably more sensitive to shifts in interest rates than funds holding shorter-term bonds. This fund may be suitable for New Jersey investors seeking federal and state tax-exempt interest income who are comfortable with the inherent interest rate risk. ### What is the expense ratio of VNJTX? Vanguard New Jersey Long-Term Tax-Exempt Fund Investor Shares (VNJTX) charges an expense ratio of 0.14%. This is the annual fee deducted from fund assets to cover management and operations. ### What is VNJTX's dividend yield? VNJTX's trailing-twelve-month yield is 3.78%, calculated from the sum of dividends over the past year divided by the current price. ### What is the duration of VNJTX? Effective duration measures VNJTX's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. VNJTX's current duration is published on the fund's factsheet on the issuer's website. ### What is the credit quality of VNJTX? VNJTX's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds. ### What is the yield to maturity of VNJTX? Yield to maturity (YTM) is the total return you'd earn from VNJTX if every bond in the portfolio is held to maturity at the current price. VNJTX's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid. ### Does VNJTX pay a dividend? Yes, Vanguard New Jersey Long-Term Tax-Exempt Fund Investor Shares (VNJTX) distributes dividends to shareholders. The trailing-twelve-month yield is 3.78%. Full dividend history is on this page. ### How often does VNJTX pay dividends? Vanguard New Jersey Long-Term Tax-Exempt Fund Investor Shares pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### When is VNJTX's next ex-dividend date? The most recently announced ex-dividend date for VNJTX was 2026-09-30. The next ex-date typically follows Monthly; once announced it appears at the top of the dividend history table on this page. ### How much will VNJTX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.14% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does VNJTX charge its expense ratio? The expense ratio is deducted in tiny daily slices from VNJTX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does VNJTX cost more than a fund like VOO? VNJTX's strategy (current expense ratio 0.14%) is different from a broad-market index tracker like VOO, so its fee belongs to a different cohort. The Cost Verdict card above shows you where VNJTX sits within its own category, which is the comparison that actually matters. ### Are there cheaper alternatives to VNJTX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as VNJTX (0.14%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/vnjtx - Distribution history: https://www.dividenddata.com/funds/vnjtx/dividend - Holdings & diversification: https://www.dividenddata.com/funds/vnjtx/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/vnjtx/expenses - Peer comparison: https://www.dividenddata.com/funds/vnjtx/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.