Vanguard New Jersey Long-Term Tax-Exempt Fund Investor Shares

Frequently Asked Questions About VNJTX

What are the top holdings of VNJTX?

Vanguard New Jersey Long-Term Tax-Exempt Fund Investor Shares holds 899 securities in total. The largest positions and their portfolio weights are listed on the Holdings tab.

How many holdings does VNJTX have?

VNJTX holds 899 positions as reported by the fund's most recent disclosure.

What sectors does VNJTX invest in?

Vanguard New Jersey Long-Term Tax-Exempt Fund Investor Shares (VNJTX) allocates across the sectors shown above. The largest exposure tops the list; the rest follow in descending weight order.

What sector is VNJTX most exposed to?

VNJTX's full sector breakdown is on the Sectors tab. The largest sector weight is shown there along with the rest of the allocation.

Is VNJTX a US-only fund?

The country allocation card on this page shows VNJTX's geographic exposure. Funds with > 95% US weight are effectively US-only; international or global funds will show meaningful weights across multiple countries.

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.