# Vanguard New York Long-Term Tax-Exempt Fund Investor Shares (VNYTX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/vnytx 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: 1986-04-07 The fund's primary objective is to deliver current income shielded from both federal and New York state personal income taxes. It is exclusively geared towards individuals residing in New York. Its investments primarily target high-quality municipal bonds originating from New York state and local governments, as well as regional government and public financing authorities. Under most conditions, at least 80% of the fund's assets will be invested in securities whose earnings are exempt from both federal and New York state taxes. Although there are no upper limits on the maturities of individ... ## Key Facts | Metric | Value | |---|---| | Price | $10.47 | | Expense Ratio | 0.14% | | Assets Under Management | $5.70B | | NAV | $10.47 | | Holdings Count | 1576 | | Distribution Yield (TTM) | 3.86% | | Annual Distribution (TTM) | $0.40 /share | | Distribution Frequency | Monthly | | 52-Week Range | $10.05 – $11.04 | | Beta | 1.20 | ## Latest Distribution - Amount: $0.0346 /share - Ex-date: 2026-09-30 - Pay date: 2026-10-01 ## Frequently Asked Questions ### What does VNYTX invest in? The fund's primary objective is to deliver current income shielded from both federal and New York state personal income taxes. It is exclusively geared towards individuals residing in New York. Its investments primarily target high-quality municipal bonds originating from New York state and local governments, as well as regional government and public financing authorities. Under most conditions, at least 80% of the fund's assets will be invested in securities whose earnings are exempt from both federal and New York state taxes. Although there are no upper limits on the maturities of individual bonds held, the fund's dollar-weighted average maturity is projected to fall between 10 and 25 years. With an average duration of roughly 6-10 years, its net asset value is considerably more sensitive to interest rate fluctuations than that of shorter-term bond funds. Individuals seeking interest income exempt from federal and New York state taxes, who are also prepared to accept interest rate risk, may find this fund to be a compelling option. ### What is the expense ratio of VNYTX? Vanguard New York Long-Term Tax-Exempt Fund Investor Shares (VNYTX) charges an expense ratio of 0.14%. This is the annual fee deducted from fund assets to cover management and operations. ### What is VNYTX's dividend yield? VNYTX's trailing-twelve-month yield is 3.86%, calculated from the sum of dividends over the past year divided by the current price. ### What is the duration of VNYTX? Effective duration measures VNYTX's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. VNYTX's current duration is published on the fund's factsheet on the issuer's website. ### What is the credit quality of VNYTX? VNYTX'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 VNYTX? Yield to maturity (YTM) is the total return you'd earn from VNYTX if every bond in the portfolio is held to maturity at the current price. VNYTX'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 VNYTX pay a dividend? Yes, Vanguard New York Long-Term Tax-Exempt Fund Investor Shares (VNYTX) distributes dividends to shareholders. The trailing-twelve-month yield is 3.86%. Full dividend history is on this page. ### How often does VNYTX pay dividends? Vanguard New York 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 VNYTX's next ex-dividend date? The most recently announced ex-dividend date for VNYTX 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 VNYTX'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 VNYTX charge its expense ratio? The expense ratio is deducted in tiny daily slices from VNYTX'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 VNYTX cost more than a fund like VOO? VNYTX'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 VNYTX sits within its own category, which is the comparison that actually matters. ### Are there cheaper alternatives to VNYTX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as VNYTX (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/vnytx - Distribution history: https://www.dividenddata.com/funds/vnytx/dividend - Holdings & diversification: https://www.dividenddata.com/funds/vnytx/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/vnytx/expenses - Peer comparison: https://www.dividenddata.com/funds/vnytx/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.