Vanguard New Jersey Long-Term Tax-Exempt Fund Investor Shares (VNJTX) Stock Analysis
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
Vanguard New Jersey Long-Term Tax-Exempt Fund Investor Shares (VNJTX) trades at $11.23 with AI Score 50/100 (Grade B). Vanguard New Jersey Long-Term Tax-Exempt Fund Investor Shares (VNJTX) is designed for New Jersey residents seeking… Market cap: $3.19B, Sector: Financial services.
Price as of Aug 21, 2026 · Last analyzed: Mar 15, 2026Analyst Coverage for VNJTX: VNJTX does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates VNJTX against Financial Services peers across nine fundamental dimensions and assigns a mixed fundamental profile based on the underlying data.
VNJTX: 1/3 scored disciplines lean bearish. Dominant signal: Izzy Englander bullish.
How is this calculated? →Why this analysis is different
- A 9-signal quantitative MoonshotScore built from filings, insider activity, and market data — computed from the numbers, not from opinion.
- An AI Council read across up to eight perspectives — value, macro, quantitative, and momentum lenses — that shows where they disagree instead of averaging the tension away.
- Figures come straight from FMP and Yahoo Finance filings data. The AI writes the narrative around the numbers — it never edits the numbers.
Vanguard New Jersey Long-Term Tax-Exempt Fund Investor Shares (VNJTX) Financial Services Profile
Vanguard New Jersey Long-Term Tax-Exempt Fund Investor Shares (VNJTX) offers New Jersey residents tax-exempt income through investment in municipal bonds. With a focus on high-quality New Jersey state and local government securities, VNJTX balances income generation with interest rate risk, distinguishing itself within the asset management sector by its state-specific focus.
What Is the Investment Thesis for VNJTX?
VNJTX presents a focused investment opportunity for New Jersey residents seeking tax-exempt income. The fund's primary value driver is its ability to provide income that is exempt from both federal and New Jersey state taxes, a significant benefit for its target demographic. With a dividend yield of 3.57%, VNJTX offers a competitive income stream in a low-interest-rate environment. Ongoing catalysts include continued demand for tax-advantaged investments among New Jersey residents and the potential for increased infrastructure spending in the state, which could lead to more municipal bond issuances. A potential risk is the fund's sensitivity to interest rate changes, given its average duration of 6-10 years. Rising interest rates could negatively impact the fund's share price. The fund's negative P/E ratio of -42675.54 and profit margin of -180.4% warrant careful monitoring, although these figures may be influenced by accounting factors specific to bond funds.
Based on FMP financials and quantitative analysis
VNJTX Key Highlights
Market capitalization of $3.19B, indicating a substantial asset base.
- Dividend yield of 3.57%, providing a competitive tax-exempt income stream for New Jersey residents.
- Invests primarily in high-quality municipal bonds issued by New Jersey state and local governments, ensuring a focus on state-specific tax benefits.
- Maintains a dollar-weighted average maturity between 10 and 25 years, reflecting a long-term investment strategy.
- Negative P/E ratio of -42675.54 and profit margin of -180.4%, requiring careful analysis due to the unique accounting characteristics of bond funds.
Who Are VNJTX's Competitors?
VNJTX is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| AOR iShares Core 60/40 Balanced Allocation ETF | $69.74 | -0.23% | $3.70B | 47 |
| CGBL Capital Group Core Balanced ETF | $38.08 | -0.34% | $7.50B | 44 |
| EPI WisdomTree India Earnings Fund | $42.87 | -0.07% | $2.12B | 46 |
| EVTR Eaton Vance Total Return Bond ETF | $50.16 | -0.37% | $3.10B | 44 |
| EWU iShares MSCI United Kingdom ETF | $48.54 | -0.06% | $3.69B | 47 |
| HTGC Hercules Capital, Inc. | $17.03 | +0.77% | $3.19B | 70 |
| AAMI Acadian Asset Management (AAMI) | $90.85 | -0.21% | $3.24B | 84 |
| SII Sprott Inc. | $126.56 | +4.73% | $3.26B | 71 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are VNJTX's Key Strengths?
Tax-exempt income for New Jersey residents.
- High-quality municipal bond portfolio.
- Experienced investment management team.
- Strong Vanguard brand reputation.
What Are VNJTX's Weaknesses?
Sensitivity to interest rate changes.
- Concentration in New Jersey municipal bonds.
- Negative P/E ratio and profit margin.
- Limited geographic diversification.
What Could Drive VNJTX Stock Higher?
Potential increase in New Jersey infrastructure spending leading to more municipal bond issuances.
- Continued demand for tax-advantaged investments among New Jersey residents.
- Favorable changes in New Jersey's economic outlook improving the creditworthiness of municipal bonds.
What Are the Key Risks for VNJTX?
Negative return on equity (-10.9%) — the business is not currently generating profit on shareholder capital.
- Rising interest rates negatively impacting the fund's share price.
- Changes in federal or state tax laws reducing the attractiveness of tax-exempt investments.
- Economic downturn in New Jersey leading to credit downgrades of municipal bonds.
- Market volatility affecting the value of the fund's portfolio.
What Are the Growth Opportunities for VNJTX?
- Increased Infrastructure Spending: New Jersey's potential for increased infrastructure spending represents a growth opportunity for VNJTX. As the state invests in infrastructure projects, it is likely to issue more municipal bonds, increasing the supply of securities available to the fund. This could lead to higher yields and greater investment opportunities for VNJTX, benefiting its investors. The timeline for this growth opportunity is ongoing, as infrastructure projects are continuously planned and executed.
- Rising Demand for Tax-Exempt Income: With potential changes in federal tax policies, the demand for tax-exempt income is expected to rise, particularly in high-tax states like New Jersey. This trend could drive more investors to VNJTX, increasing its assets under management and overall performance. The market size for tax-exempt investments is substantial, with trillions of dollars invested in municipal bonds nationwide. This is an ongoing trend.
- Expansion of New Jersey's Economy: A growing New Jersey economy could lead to improved credit ratings for the state and its municipalities, making their bonds more attractive to investors. This could enhance the value of VNJTX's existing portfolio and attract new investors seeking high-quality, tax-exempt income. The timeline for this growth opportunity is dependent on the overall economic performance of New Jersey.
- Strategic Partnerships with Financial Advisors: VNJTX can pursue strategic partnerships with financial advisors in New Jersey to promote the fund to their clients. By educating advisors about the benefits of VNJTX and providing them with marketing support, the fund can expand its reach and attract new investors. The market size for financial advisory services in New Jersey is significant, with thousands of advisors serving the state's affluent population. This is an ongoing opportunity.
- Product Innovation: VNJTX could explore the possibility of launching new share classes or investment products tailored to specific investor needs within the New Jersey market. For example, it could create a socially responsible municipal bond fund that invests in projects aligned with environmental, social, and governance (ESG) principles. The timeline for this growth opportunity would depend on the fund's ability to develop and launch new products.
What Are VNJTX's Competitive Advantages?
- Tax-Exempt Status: Offers income exempt from both federal and New Jersey state taxes, a significant advantage for New Jersey residents.
- State-Specific Focus: Concentrates on New Jersey municipal bonds, providing a unique benefit to residents of the state.
- Vanguard Brand: Benefits from the strong reputation and brand recognition of Vanguard, a leading investment management company.
What Does VNJTX Do?
Vanguard New Jersey Long-Term Tax-Exempt Fund Investor Shares (VNJTX) was created to provide current income exempt from both federal and New Jersey personal income taxes, specifically catering to New Jersey residents. The fund achieves this objective by investing predominantly in high-quality municipal bonds issued by New Jersey state and local governments, as well as regional government and public financing authorities. Since its inception, VNJTX has maintained a strategy of investing at least 80% of its assets in securities that generate income exempt from both federal and New Jersey state taxes. The fund's investment approach involves a dollar-weighted average maturity between 10 and 25 years, indicating a long-term investment horizon. This extended maturity profile results in an average duration of approximately 6 to 10 years, making the fund's share price sensitive to interest rate fluctuations. As a result, VNJTX is more susceptible to interest rate changes compared to shorter-term bond funds. VNJTX's strategy is tailored for investors seeking tax-exempt income and who are comfortable with the potential impact of interest rate volatility on their investment. The fund operates within the broader asset management industry, focusing on a niche segment of municipal bonds specific to New Jersey. Its competitive positioning relies on providing state-specific tax advantages to its investors, differentiating it from national municipal bond funds.
What Products and Services Does VNJTX Offer?
- Invests primarily in high-quality municipal bonds issued by New Jersey state and local governments.
- Seeks to provide current income that is exempt from both federal and New Jersey personal income taxes.
- Targets New Jersey residents looking for tax-advantaged investment options.
- Maintains a dollar-weighted average maturity between 10 and 25 years.
- Manages interest rate risk through an average duration of approximately 6-10 years.
- Offers a dividend yield of 3.57% as of 2026-03-15.
How Does VNJTX Make Money?
- Generates income through interest payments from the municipal bonds it holds.
- Passes on tax-exempt income to its investors, providing a key benefit.
- Charges a management fee to cover its operating expenses and investment management services.
What Industry Does VNJTX Operate In?
VNJTX operates within the asset management industry, specifically focusing on municipal bond funds. The municipal bond market is influenced by factors such as interest rates, credit ratings, and state and local government finances. The competitive landscape includes both national and state-specific municipal bond funds. VNJTX differentiates itself by concentrating on New Jersey municipal bonds, offering a unique tax advantage to New Jersey residents. Demand for municipal bonds is driven by investors seeking tax-exempt income, particularly in high-tax states like New Jersey.
Who Are VNJTX's Key Customers?
- New Jersey residents seeking tax-exempt income.
- Individuals and families looking for stable, long-term investments.
- Financial advisors recommending tax-advantaged options to their clients.
VNJTX Valuation & Market Position
With a $3.19B market cap, Vanguard New Jersey Long-Term Tax-Exempt Fund Investor Shares sits in the mid-cap segment of the market. Relative to its peer group, VNJTX's quantitative score of 50/100 is roughly in line with the peer average of 46/100.
Key Financial Metrics
Return on equity for Vanguard New Jersey Long-Term Tax-Exempt Fund Investor Shares stands at -10.9%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is -7.2%, showing how much profit it generates from its asset base. Its free cash flow yield is 0.0%, a gauge of the cash the business throws off relative to its market value. A current ratio of 0.05 means current liabilities exceed short-term assets, a liquidity point worth watching. Its earnings yield is -0.0%, the inverse of the P/E and a quick read on earnings relative to price.
Financial Health
Vanguard New Jersey Long-Term Tax-Exempt Fund Investor Shares's Piotroski F-Score is 4/9, a 9-point checklist of profitability, leverage and efficiency — a middling fundamental profile.
VNJTX Financials
Bull Case vs Bear Case
Bull Case
- Tax-exempt income for New Jersey residents.
- High-quality municipal bond portfolio.
- Experienced investment management team.
- Strong Vanguard brand reputation.
Bear Case
- Sensitivity to interest rate changes.
- Concentration in New Jersey municipal bonds.
- Negative P/E ratio and profit margin.
- Limited geographic diversification.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · August 2026
VNJTX Latest News
No recent news available for VNJTX.
VNJTX Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for VNJTX.
Price Targets
Wall Street price target analysis for VNJTX.
VNJTX MoonshotScore
What does this score mean?
The MoonshotScore rates VNJTX 0-100 on quantitative fundamentals — growth, financial health, valuation, momentum, and risk.
VNJTX Financial Services Stock FAQ
What does the AI Score mean for VNJTX?
VNJTX holds an AI Score of 50/100 (Grade: B). This is an educational research signal, not a buy or sell recommendation. Vanguard New Jersey Long-Term Tax-Exempt Fund Investor Shares (VNJTX) is designed for New Jersey residents seeking federal and state tax-exempt income. The fund primarily invests in high-quality …
What does Vanguard New Jersey Long-Term Tax-Exempt Fund Investor Shares do?
Vanguard New Jersey Long-Term Tax-Exempt Fund Investor Shares (VNJTX) is designed to provide New Jersey residents with 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, as well as regional government and public financing authorities.
What are the main risks for VNJTX?
The main risks for VNJTX include interest rate risk, credit risk, and concentration risk. Interest rate risk arises from the fund's sensitivity to changes in interest rates, which could negatively impact its share price. Credit risk stems from the possibility that the issuers of the municipal bonds held by the fund may default on their obligations.
How does Vanguard New Jersey Long-Term Tax-Exempt Fund Investor Shares make money in financial services?
Vanguard New Jersey Long-Term Tax-Exempt Fund Investor Shares generates revenue primarily through the interest income earned from its portfolio of municipal bonds. The fund then distributes this income to its investors in the form of tax-exempt dividends.
How sensitive is VNJTX to interest rate changes?
VNJTX is moderately sensitive to interest rate changes due to its average duration of 6-10 years. Duration measures the expected change in a bond fund's price for a 1% change in interest rates. A duration of 6-10 years implies that the fund's share price could decline by 6-10% if interest rates rise by 1%.
What are the key factors to evaluate for VNJTX?
Vanguard New Jersey Long-Term Tax-Exempt Fund Investor Shares (VNJTX) holds an AI score of 50/100 (moderate). VNJTX presents a focused investment opportunity for New Jersey residents seeking tax-exempt income. Not financial advice.
How frequently does VNJTX data refresh on this page?
VNJTX's price was last updated on Aug 21, 2026 and refreshes on page view during U.S. market hours — it is not a real-time exchange feed. Fundamentals update after quarterly filings; the MoonshotScore recalculates nightly; news aggregates continuously.
What has driven VNJTX's recent stock price performance?
Vanguard New Jersey Long-Term Tax-Exempt Fund Investor Shares (VNJTX) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Tax-exempt income for New Jersey residents. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider VNJTX overvalued or undervalued right now?
Vanguard New Jersey Long-Term Tax-Exempt Fund Investor Shares (VNJTX) has no trailing P/E available here, so lean on price-to-sales and cash flow in the Financials tab. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- AI analysis pending for VNJTX, some data may be incomplete.
- Financial data is based on the most recent available information as of 2026-03-15.