Benchmark Morningstar Category
Muni New Jersey

Asset Allocation

 

VNJTX

 
  Type %
Net
%
Short
%
Long
Bench-
mark
Cat
Avg
As of 12/31/2013
Cash 0.83 0.83 0.96
US Stock 0.00 0.00 0.00
Non US Stock 0.00 0.00 0.00
Bond 99.17 99.17 103.22
Other 0.00 0.00 -4.18
 

Style Details

 

VNJTX

Fixed-Income Style
 
Fixed-Income Style History
Year Style % Bonds
As of 12/31/2013
2013 99.17
2012 97.31
2011 98.47
2010 98.36
2009 99.02
 
Bond Statistics
Detail Value
As of 12/31/2013, *As of 12/31/2013
Average Effective Duration (Years)* 7.62
Average Effective Maturity (Years)* 7.60
Average Credit Quality A
Average Weighted Coupon* 5.08
Average Weighted Price* 104.11
Credit Quality
Type % Bonds Benchmark Category Avg Bond Weight Benchmark Weight Category Avg Weight
AAA 6.35 23.66
AA 22.35 32.49
A 60.98 30.88
BBB 8.16 8.76
BB 0.00 1.61
B 0.98 1.52
Below B 0.00 0.06
Not Rated 1.18 1.04
As of 12/31/2013
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 99.17 99.00
State and Local General Obligation 6.84 7.02
Advance Refunded 8.17 7.39
Tobacco 0.98 1.87
Education 22.74 20.43
Health 15.99 17.82
Housing 1.38 3.20
Industrial 5.68 6.82
Transportation 35.09 24.14
Utilities 0.00 0.78
Water & Sewer 2.24 4.11
Miscellaneous Revenue 0.07 5.42
       
Cash & Equivalents 0.83 0.99
       
Other 0.00 0.01
As of 12/31/2013
Sector data is calculated only using the long position holdings of the portfolio.
Coupon Range
Type % Bonds Benchmark Category Avg   Fund Weight Benchmark Weight Category Avg Weight
0% PIK 4.04 6.63
0% to 4% 2.17 1.67
4% to 6% 90.93 84.71
6% to 8% 2.86 6.98
8% to 10% 0.00 0.00
10% to 12% 0.00 0.00
More than 12% 0.00 0.00
As of 12/31/2013
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 12/31/2013
Country breakdown data is calculated only using the long position holdings of the portfolio.

Bond Maturity Breakdown

 

VNJTX

% Bonds Benchmark Category Avg Fund Weight Benchmark Weight Category Avg Weight
1 to 3 Years 4.24 3.86
3 to 5 Years 2.61 1.91
5 to 7 Years 4.78 4.46
7 to 10 Years 11.65 8.82
10 to 15 Years 24.11 13.95
15 to 20 Years 21.45 20.80
20 to 30 Years 30.57 44.60
Over 30 Years 0.59 1.59
As of 12/31/2013

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