Benchmark Morningstar Category
Muni New Jersey

Asset Allocation

 

VNJTX

 
  Type %
Net
%
Short
%
Long
Bench-
mark
Cat
Avg
As of 09/30/2016
Cash 0.12 0.12 -3.83
US Stock 0.00 0.00 0.02
Non US Stock 0.00 0.00 0.00
Bond 99.88 99.88 104.87
Other 0.00 0.00 -1.06
 

Style Details

 

VNJTX

Fixed-Income Style
 
Fixed-Income Style History
Year Style % Bonds
As of 09/30/2016
2016 99.88
2015 98.99
2014 99.81
2013 100.00
2012 98.70
 
Bond Statistics
Detail Value
As of 09/30/2016, *As of 09/30/2016
Average Effective Duration (Years)* 6.38
Average Effective Maturity (Years)* 6.40
Average Credit Quality A
Average Weighted Coupon* 4.73
Average Weighted Price* 110.99
Credit Quality
Type % Bonds Benchmark Category Avg Bond Weight Benchmark Weight Category Avg Weight
AAA 1.45 3.34
AA 28.56 18.35
A 52.17 39.89
BBB 14.78 28.27
BB 0.00 0.94
B 0.64 0.43
Below B 0.00 0.55
Not Rated 2.40 8.23
As of 09/30/2016
Credit Quality is calculated only using the long position holdings of the portfolio.

Sector Weightings

 

VNJTX

Fixed-Income Sectors
Type % Bonds Benchmark Category Avg Fund Weight Benchmark Weight Category Avg Weight
Municipal 99.68 98.14
State and Local General Obligation 5.64 7.35
Advance Refunded 6.84 10.33
Tobacco 1.13 1.38
Education 27.49 19.92
Health 18.44 14.75
Housing 2.84 2.66
Industrial 6.20 5.29
Transportation 30.16 22.01
Utilities 0.13 0.55
Water & Sewer 0.80 2.78
Miscellaneous Revenue 0.00 11.11
       
Cash & Equivalents 0.12 1.42
       
Other 0.20 0.44
As of 09/30/2016
Sector data is calculated only using the rescaled long position holdings of the portfolio.
Coupon Range
Type % Bonds Benchmark Category Avg   Fund Weight Benchmark Weight Category Avg Weight
0% 4.08 7.29
0% to 4% 10.10 5.23
4% to 6% 85.12 83.85
6% to 8% 0.70 3.16
8% to 10% 0.00 0.00
10% to 12% 0.00 0.00
More than 12% 0.00 0.43
As of 09/30/2016
Sector data is calculated only using the long position holdings of the portfolio.

Top 10 Country Breakdown

 

VNJTX

% Bonds Benchmark Category Avg Fund Weight Benchmark Weight Category Avg Weight
United States 100.00 100.00
As of 09/30/2016
Country breakdown data is calculated only using the long rescaled holdings of the portfolio.

Bond Maturity Breakdown

 

VNJTX

% Bonds Benchmark Category Avg Fund Weight Benchmark Weight Category Avg Weight
1 to 3 Years 2.34 1.33
3 to 5 Years 3.15 3.16
5 to 7 Years 4.50 5.57
7 to 10 Years 8.32 8.47
10 to 15 Years 26.80 16.07
15 to 20 Years 19.42 19.68
20 to 30 Years 32.54 43.46
Over 30 Years 2.93 2.26
As of 09/30/2016

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