Vanguard New Jersey Long-Term Tax-Exempt Fund

2020,Vanguard New Jersey Long-Term Tax-Exempt Fund returned 5.07% for Investor Shares and 5.16% for Admiral Shares.These results exceeded those of the fund’s benchmark, the Bloomberg Barclays NJ Municipal Bond Index, which returned 4.65%. With municipal bond prices rising, yields declined.The 30-day SEC yield fell 22 ................
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