About VNJTX
The fund’s investment objective is to seek to provide current income that is exempt from both federal and New Jersey personal income taxes. The fund is intended for New Jersey residents only. It invests primarily in high-quality municipal bonds issued by New Jersey state and local governments, as well as by regional government and public financing authorities. Under normal circumstances, at least 80% of the fund’s 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 has an average duration of approximately 6-10 years, making its share price considerably more susceptible to changes in interest rates than shorter-term bond funds. Investors who are looking for a fund that may provide federal and New Jersey state tax-exempt interest income and can tolerate interest rate risk may wish to consider this fund.
Asset Class Muni New Jersey
Ticker Symbol VNJTX
Inception Date Feb 3, 1988
Exchange NASDAQ
