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Morningstar

Vanguard NJ Long-Term Tax-Exempt Inv VNJTX

Morningstar Medalist Rating
Medalist Rating as of | See Vanguard Investment Hub
  • NAV / 1-Day Return 11.24  /  +0.19 %
  • Total Assets 2.5 Bil
  • Adj. Expense Ratio
    0.170%
  • Expense Ratio 0.170%
  • Distribution Fee Level Low
  • Share Class Type No Load
  • Category Muni New Jersey
  • Credit Quality / Interest Rate Sensitivity Medium/Extensive
  • Min. Initial Investment 3,000
  • Status Open
  • TTM Yield 3.32%
  • Effective Duration 7.36 years

USD | NAV as of May 02, 2024 | 1-Day Return as of May 02, 2024, 10:31 PM GMT+0

Morningstar’s Analysis VNJTX

Will VNJTX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable VNJTX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the VNJTX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of VNJTX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Decreased confidence in Vanguard NJ Long-Term Tax-Exempt Inv's prospects relative to its Morningstar Category peers results in a downgrade in this strategy's Morningstar Medalist Rating to Silver from Gold.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The portfolio maintains a sizable cost advantage over competitors, priced within the lowest fee quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings VNJTX

More VNJTX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 10.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

RIB FLOATER TR VARIOUS STS

3.42 84.3 Mil
municipal

MIDDLESEX CNTY N J IMPT AUTH LEASE REV

1.37 33.7 Mil
municipal

NEW JERSEY HEALTH CARE FACS FING AUTH REV

0.89 21.9 Mil
municipal

NEW JERSEY ST TPK AUTH TPK REV

0.78 19.2 Mil
municipal

RUTGERS ST UNIV N J

0.73 18.1 Mil
municipal

DELAWARE RIV JT TOLL BRDG COMMN PA BRDG REV

0.72 17.8 Mil
municipal

NEW JERSEY ST EDL FACS AUTH REV

0.68 16.8 Mil
municipal

NEW JERSEY HEALTH CARE FACS FING AUTH REV

0.67 16.4 Mil
municipal

NEW JERSEY ST TRANSN TR FD AUTH

0.64 15.8 Mil
municipal

TOBACCO SETTLEMENT FING CORP N J

0.63 15.5 Mil
municipal