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The investment seeks to provide 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 by regional governmental and public financing authorities. At least 80% of its assets will be invested in securities whose income is exempt from federal and New Jersey state taxes. Although the fund has no limitations on the maturities of individual securities, its dollar-weighted average maturity is expected to be between 10 and 25 years. The fund is non-diversified.
Name | Title | Since | Until |
---|---|---|---|
Grace Boraas | - | 2023 | Now |
Biography | Grace Boraas, Portfolio Manager at Vanguard. She has been with Vanguard since 2013, and has co-managed the Fund since October 2023. Education: B.S., Stetson University. | ||
Adam M. Ferguson | Portfolio Manager | 2016 | Now |
Biography | Adam M. Ferguson, CFA, Portfolio Manager at Vanguard. He has been with Vanguard since 2004, has worked in investment management since 2008. He has managed the California Intermediate-Term Tax-Exempt Fund since 2013. Education: B.S., Wilmington University; M.B.A., Drexel University. | ||
Mathew M. Kiselak | Principal | 2013 | 2016 |
Biography | Mathew M. Kiselak, Principal of Vanguard. He has worked in investment management since 1987, has managed investment portfolios since 1990, and has been with Vanguard since 2010. Education: B.S., Pace University. | ||
Michael G. Kobs | Portfolio Manager | 2008 | 2013 |
Biography | Kobs is a portfolio manager with the Vanguard Group. He has worked in investment management since 1990 and has managed investment portfolios since 1998. | ||
Reid Smith | Portfolio Manager | 2008 | 2009 |
Biography | Reid Smith, CFA is lead portfolio manager responsible for the day-to-day management of the Funds. Mr. Smith is a Vice President and Senior Portfolio Manager with the Adviser. He has served as a portfolio manager of the Funds since August 23, 2021. He has over 30 years of fixed income portfolio management experience with an extensive background in municipal bond portfolio management. Mr. Smith was a Financial Advisor/Investments at Stifel from September 2020 to August 2021. Prior to that, Mr. Smith was CIO/Director at Ziegler Capital Management – BPG Group from November 2015 to July 2019. Mr. Smith began his career in portfolio management with the Adviser in 1986. Mr. Smith also worked as a Principal/Senior Portfolio Manager at Vanguard Group from 1992 to 2009 and as Head of the Barclays Wealth Fixed Income Group from 2011 to 2015. Mr. Smith is a Chartered Financial Analyst and a graduate of the University of Hawaii at Manoa, Shidler School of Business, where he received both his Bachelors and Master degrees in business administration. | ||
John M. Carbone | Portfolio Manager | 2003 | 2008 |
Biography | John M. Carbone, Principal of Vanguard. He has managed investment portfolios since 1991, has been with Vanguard since 1996, and has managed theCalifornia Municipal Money Market Fund since 2011. Education: B.S., Babson College; M.B.A., Southern Methodist University. | ||
Daniel S. Solender | Director | 2002 | 2003 |
Biography | Mr. Solender is the lead portfolio manager of the municipal bond capabilities. Mr. Solender joined Lord Abbett in 2006 and was named Partner in 2008. His prior experience includes: Vice President and Portfolio Manager at Nuveen Investments; Principal and Portfolio Manager at Vanguard Group; Assistant Vice President and Portfolio Manager at Nuveen Advisory Corp.; Financial Analyst/Assistant Manager, Research and Product Development at Citibank. Mr. Solender received a BA from the University of Columbia and an MBA from the University of Chicago. He is the holder of a Chartered Financial Analyst designation and has been in the investment business since 1987. | ||
Ian A. MacKinnon | - | 1988 | 2003 |
Christopher W. Alwine | Portfolio Manager | 2000 | 2002 |
Biography | Christopher Alwine, CFA®, is a principal and head of the Municipal Bond Group at Vanguard. He joined Vanguard in 1990 and has more than 20 years of investment experience. Mr. Alwine leads a team of 30 investment professionals who manage more than $90 billion in client assets and 12 municipal bond funds. He has served in multiple roles throughout his career in the Fixed Income Group, including trading, portfolio management, and credit research. His portfolio management experience spans both taxable and municipal markets, as well as active and index funds. | ||
Danine Mueller | Portfolio Manager | 1996 | 2000 |
Biography | Mueller is a portfolio manager with the Vanguard Group, her employer since 1985. |
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