VNYTX

About VNYTX

Vanguard New York Long-Term Tax-Exempt Fund Investor Shares is a municipal bond mutual fund designed to provide current income that is exempt from both federal and New York state personal income taxes. This fund primarily invests in high-quality municipal bonds issued by New York state and local governments, as well as regional governmental and public financing authorities. At least 80% of its assets are dedicated to securities whose income offers tax advantages, making it particularly relevant for investors seeking tax-exempt income in New York. The fund is characterized by a longer average maturity, typically between 10 and 25 years, and it carries a medium credit quality profile. With a disciplined, risk-conscious management approach and a low expense ratio, the fund appeals to those valuing cost efficiency and relative stability. Its broad exposure contributes to financing a range of public projects across the state, supporting infrastructure and essential services. The fund's monthly dividend distributions and focus on high credit quality underscore its role as a vehicle for stable, tax-advantaged income in the municipal bond market.