4 / 5 Stars
4 3 3 5 1
Zacks Investment Research
1 (Strong Buy)
Standard & Poor's
4 / 5 Stars
#2 in Muni New Jersey
U.S. News evaluated 14 Muni New Jersey Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
The fund has returned -0.69 percent over the past year, 5.85 percent over the past three years, 5.09 percent over the past five years, and 4.05 percent over the past decade.
|Trailing Returns||Updated 01.31.2014|
|Year to date||2.4%|
|3 Years (Annualized)||5.8%|
|5 Years (Annualized)||5.1%|
|10 Years (Annualized)||4.1%|
The investment seeks to provide current income that is exempt from both federal and New Jersey personal income taxes. The fund invests primarily in high-quality municipal bonds issued by New Jersey state and local governments and regional governmental authorities. At least 80% of its assets will be invested in securities whose income is exempt from federal and New Jersey state taxes. Although the fund has no limitations on the maturities of individual securities, its dollar-weighted average maturity is expected to be between 10 and 25 years. The fund is non-diversified.
Fees are Low compared to funds in the same category.
Vanguard New Jersey Long Term Tax Exempt Fund has an expense ratio of 0.20 percent.
Risk is Average compared to funds in the same category according to Morningstar.