Vanguard NJ Long-Term Tax-Exempt  VNJTX
  Morningstar Report
Overall Morningstar
Rating™
What is this?
As of 2009-10-31
Out of
Muni New Jersey Funds
Rating derived from a weighted average of the fund's 3, 5, 10-year rating which are based on risk-adjusted performance.
Morningstar®
Style Box™
What is this?
   Avg Duration
   6.80 Yrs
   Avg Credit Quality
   AA
As of 2009-09-30
Day Change
$ 0.00
  
NAV (2009-11-10)
$ 11.58
  
YTD Return % (2009-11-10)
10.62%
  
Total Assets ($ mil)
2,026
View Data Definitions
  Performance    
Growth of $10,000 Fund: Vanguard NJ Long-Term Tax-Exempt
(from 1999-01-01 to 2009-10-31) Category: Muni New Jersey
Index: BarCap Municipal TR USD
Total Annualized Returns % 1yr, 3yr and 5yr Returns as of 2009-11-10
Inception date: 1988-02-03 10yr and Inception Returns as of 2009-10-31
YTD Returns as of 2009-11-10
YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Fund 11.12 10.29 3.51 3.92 5.42 6.40
+/- Category -5.25 -3.87 1.03 0.64 0.70 ---
+/- BarCap Municipal TR USD -1.02 -1.38 -0.74 -0.44 --- ---
Standardized Annual Returns %   more on standardized returns
Quarter-End (as of 2009-09-30) 13.00 13.13 4.48 4.29 5.53 6.54
Month-End (as of 2009-10-31) 10.52 11.55 3.47 3.65 5.42 6.40
After Tax Returns % (as of 2009-09-30 )  
On Distribution --- 11.55 3.44 3.59 5.36 ---
On Distribution & Sale of Shares --- 9.08 3.57 3.73 5.33 ---
Morningstar Rating --- --- ---
# of compared funds covered (3 yrs : out of 64 funds), (5 yrs : out of 56 funds), (10 yrs : out of 48 funds). Ratings are based on risk-adjusted performance. The maximum initial sales fee is none, the maximum deferred sales fee is none, and the maximum redemption sales fee is none.
The performance quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate thus an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted herein.
  Portfolio Profile    
Sector Breakdown %
General Obligations 2.43
Advance Refunded 6.72
State Appropriated Tobacco ---
Non-state Appropriated Tobacco 14.69
Education 21.28
Health 10.69
Housing 0.24
Industrial 6.55
Transportation 9.76
Utilities 0.71
Water/Sewer 3.10
Misc. Revenue 23.84
Bond Quality % of Bonds
AAA 20.9
AA 42.3
A 25.8
BBB 9.3
BB 0.0
B 0.2
Below B 0.0
Not Rated 1.5
 
Asset Allocation
% of Net Assets
Cash 1.0
Stocks 0.0
Bonds 99.0
Other 0.0
Foreign Stocks 0.0
(as a % of Assets)
Data through 2009-07-31 Data through 2009-07-31
 
Holding Status
Total Number of Stock Holdings Turnover % 37
Total Number of Bond Holdings 341 30 Day SEC Yield % 3.25
% of Assets in Top 10 Holdings 13.76 ending as of 2009-09-30
View Data Definitions
Top 10 Holdings Maturity
Date		 Amount
$000		 Value
$000		 % of Net
Assets
Tobacco Settlement Fing Corp N Ass 5.75% 2032-06-01 38,620 42,178 2.04
New Jersey Econ Dev Auth 5% 2032-09-01 28,000 31,181 1.51
New Jersey St Tpk Auth 5.25% 2040-01-01 28,385 30,581 1.48
New Jersey St Transn Tr Fd Aut Transn 5% 2017-12-15 24,810 28,154 1.36
New Jersey St Transn Tr Fd Aut Tra 5.25% 2019-12-15 22,675 26,296 1.27
New Jersey Econ Dev Auth 5.25% 2031-07-01 25,175 25,973 1.26
New Jersey St Tpk Auth 6.5% 2016-01-01 22,095 25,774 1.25
New Jersey Econ Dev Auth 2031-09-01 25,730 25,730 1.25
New Jersey Econ Dev Auth 5% 2036-09-01 23,500 24,418 1.18
Tobacco Settlement Fing Corp N Asset 7% 2041-06-01 20,000 23,976 1.16
Data through 2009-07-31
  Other Information
Fund Inception: 1988-02-03
Portfolio Manager  (Start Date)
Michael G. Kobs  (2008-07-29)
Kobs is a portfolio manager with the Vanguard Group. He has worked in investment management since 1990 and has managed investment portfolios since 1998.
Sales Charge %
(taken from prospectus dated 2009-03-27)
Front: None
Deferred: None
Expense Ratio % 0.15
based on net assets
(taken from annual report dated 2008-11-30)
Correspondence Information
PO Box 2600
V26
Valley Forge,  PA  19482
United States
Telephone:
800-662-6273
610-669-1000
Data on this page does not include the fund's short positions (if any).
Show Data Definitions

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Past performance is no guarantee of future results.
Returns will vary and shares may be worth more or less than their original cost when sold.