☒ | immediately upon filing pursuant to paragraph (b) |
□ | on (date) pursuant to paragraph (b) |
□ | 60 days after filing pursuant to paragraph (a)(1) |
□ | on (date) pursuant to paragraph (a)(1) |
□ | 75 days after filing pursuant to paragraph (a)(2) |
□ | on (date) pursuant to paragraph (a)(2) of rule 485 If appropriate, check the following box: |
□ | This post-effective amendment designates a new effective date for a previously filed post-effective amendment. |
BY: | /s/ Mortimer J. Buckley* |
Signature | Title | Date |
/s/ Mortimer J. Buckley* Mortimer J. Buckley | Chairman and Chief Executive Officer | April 17, 2020 |
/s/ Emerson U. Fullwood* Emerson U. Fullwood | Trustee | April 17, 2020 |
/s/ Amy Gutmann* Amy Gutmann | Trustee | April 17, 2020 |
/s/ Joseph Loughrey* Joseph Loughrey | Trustee | April 17, 2020 |
/s/ Mark Loughridge* Mark Loughridge | Trustee | April 17, 2020 |
/s/ Scott C. Malpass* Scott C. Malpass | Trustee | April 17, 2020 |
/s/ Deanna Mulligan* Deanna Mulligan | Trustee | April 17, 2020 |
/s/ André F. Perold* André F. Perold | Trustee | April 17, 2020 |
/s/ Sarah Bloom Raskin* Sarah Bloom Raskin | Trustee | April 17, 2020 |
/s/ Peter F. Volanakis* Peter F. Volanakis | Trustee | April 17, 2020 |
/s/ John Bendl* John Bendl | Chief Financial Officer | April 17, 2020 |
XBRL Instance Document | Ex-101.INS |
XBRL Taxonomy Extension Schema Document | Ex-101.SCH |
XBRL Taxonomy Extension Calculation Linkbase Document | Ex-101.CAL |
XBRL Taxonomy Extension Definition Linkbase Document | Ex-101.DEF |
XBRL Taxonomy Extension Labels Linkbase Document | Ex-101.LAB |
XBRL Taxonomy Extension Presentation Linkbase Document | Ex-101.PRE |
Label | Element | Value |
---|---|---|
Risk/Return: | rr_RiskReturnAbstract | |
Registrant Name | dei_EntityRegistrantName | VANGUARD NEW JERSEY TAX-FREE FUNDS |
Prospectus Date | rr_ProspectusDate | Mar. 27, 2020 |
Document Creation Date | dei_DocumentCreationDate | Mar. 27, 2020 |
Total | ||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Retail | Vanguard New Jersey Municipal Money Market Fund | ||||||||||||||||
Vanguard New Jersey Municipal Money Market Fund | ||||||||||||||||
Investment Objective | ||||||||||||||||
The Fund seeks to provide current income that is exempt from both federal and New Jersey personal income taxes while maintaining a stable net asset value of $1 per share. The Fund is intended for New Jersey residents only. | ||||||||||||||||
Fees and Expenses | ||||||||||||||||
The following table describes the fees and expenses you may pay if you buy and hold shares of the Fund. | ||||||||||||||||
Shareholder Fees (Fees paid directly from your investment) | ||||||||||||||||
| ||||||||||||||||
Annual Fund Operating Expenses (Expenses that you pay each year as a percentage of the value of your investment) | ||||||||||||||||
| ||||||||||||||||
Example | ||||||||||||||||
The following example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. It illustrates the hypothetical expenses that you would incur over various periods if you were to invest $10,000 in the Fund's shares. This example assumes that the Fund provides a return of 5% each year and that total annual fund operating expenses remain as stated in the preceding table. You would incur these hypothetical expenses whether or not you were to redeem your investment at the end of the given period. Although your actual costs may be higher or lower, based on these assumptions your costs would be: | ||||||||||||||||
| ||||||||||||||||
Principal Investment Strategies | ||||||||||||||||
Under normal circumstances, the Fund invests at least 80% of its assets in a variety of high-quality, short-term New Jersey municipal securities whose income is exempt from federal and New Jersey state taxes. To be considered high quality, a security must be determined by Vanguard to present minimal credit risk based in part on a consideration of maturity, portfolio diversification, portfolio liquidity, and credit quality. The Fund invests in securities with effective maturities of 397 days or less, maintains a dollar-weighted average maturity of 60 days or less, and maintains a dollar-weighted average life of 120 days or less. | ||||||||||||||||
Principal Risks | ||||||||||||||||
The Fund is designed for investors with a low tolerance for risk; however, the Fund is subject to the following risks, which could affect the Fund's performance:
You could lose money by investing in the Fund. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. The Fund may impose a fee upon sale of your shares or may temporarily suspend your ability to sell shares if the Fund's liquidity falls below required minimums because of market conditions or other factors. An investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Fund's sponsor has no legal obligation to provide financial support to the Fund, and you should not expect that the sponsor will provide financial support to the Fund at any time. | ||||||||||||||||
Annual Total Returns | ||||||||||||||||
The following bar chart and table are intended to help you understand the risks of investing in the Fund. The bar chart shows how the performance of the Fund has varied from one calendar year to another over the periods shown. The table shows how the average annual total returns of the Fund compare with those of comparative benchmarks, which have investment characteristics similar to those of the Fund. The Spliced New Jersey Tax-Exempt Money Market Funds Average reflects the performance of the New Jersey Tax-Exempt Money Market Funds Average through August 31, 2013, and the Other States Tax-Exempt Money Market Funds Average thereafter. Returns for the benchmarks shown are derived from data provided by Lipper, a Thomson Reuters Company. Keep in mind that the Fund's past performance does not indicate how the Fund will perform in the future. Updated performance information is available on our website at vanguard.com/performance or by calling Vanguard toll-free at 800-662-7447. | ||||||||||||||||
Annual Total Returns — Vanguard New Jersey Municipal Money Market Fund Investor Shares | ||||||||||||||||
![]() | ||||||||||||||||
During the periods shown in the bar chart, the highest and lowest returns for a calendar quarter were:
| ||||||||||||||||
Average Annual Total Returns for Periods Ended December 31, 2019 | ||||||||||||||||
|
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Label | Element | Value | |||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Risk/Return: | rr_RiskReturnAbstract | ||||||||||
Registrant Name | dei_EntityRegistrantName | VANGUARD NEW JERSEY TAX-FREE FUNDS | |||||||||
Prospectus Date | rr_ProspectusDate | Mar. 27, 2020 | |||||||||
Retail | Vanguard New Jersey Long-Term Tax-Exempt Fund | |||||||||||
Risk/Return: | rr_RiskReturnAbstract | ||||||||||
Risk/Return [Heading] | rr_RiskReturnHeading | Vanguard New Jersey Long-Term Tax-Exempt Fund | |||||||||
Objective [Heading] | rr_ObjectiveHeading | Investment Objective | |||||||||
Objective, Primary [Text Block] | rr_ObjectivePrimaryTextBlock | The Fund seeks to provide current income that is exempt from both federal and New Jersey personal income taxes. The Fund is intended for New Jersey residents only. |
|||||||||
Expense [Heading] | rr_ExpenseHeading | Fees and Expenses | |||||||||
Expense Narrative [Text Block] | rr_ExpenseNarrativeTextBlock | The following table describes the fees and expenses you may pay if you buy and hold Investor Shares or Admiral Shares of the Fund. |
|||||||||
Shareholder Fees Caption [Text] | rr_ShareholderFeesCaption | Shareholder Fees (Fees paid directly from your investment) | |||||||||
Operating Expenses Caption [Text] | rr_OperatingExpensesCaption | Annual Fund Operating Expenses (Expenses that you pay each year as a percentage of the value of your investment) | |||||||||
Portfolio Turnover [Heading] | rr_PortfolioTurnoverHeading | Portfolio Turnover | |||||||||
Portfolio Turnover [Text Block] | rr_PortfolioTurnoverTextBlock | The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in more taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the previous expense examples, reduce the Fund's performance. During the most recent fiscal year, the Fund's portfolio turnover rate was 12% of the average value of its portfolio. |
|||||||||
Portfolio Turnover, Rate | rr_PortfolioTurnoverRate | 12.00% | |||||||||
Expense Example [Heading] | rr_ExpenseExampleHeading | Examples | |||||||||
Expense Example Narrative [Text Block] | rr_ExpenseExampleNarrativeTextBlock | The following examples are intended to help you compare the cost of investing in the Fund's Investor Shares or Admiral Shares with the cost of investing in other mutual funds. They illustrate the hypothetical expenses that you would incur over various periods if you were to invest $10,000 in the Fund's shares. These examples assume that the shares provide a return of 5% each year and that total annual fund operating expenses remain as stated in the preceding table. You would incur these hypothetical expenses whether or not you were to redeem your investment at the end of the given period. Although your actual costs may be higher or lower, based on these assumptions your costs would be: |
|||||||||
Strategy [Heading] | rr_StrategyHeading | Principal Investment Strategies | |||||||||
Strategy Narrative [Text Block] | rr_StrategyNarrativeTextBlock | 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. Under normal circumstances, at least 80% of the Fund's 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. |
|||||||||
Risk [Heading] | rr_RiskHeading | Principal Risks | |||||||||
Risk Narrative [Text Block] | rr_RiskNarrativeTextBlock | An investment in the Fund could lose money over short or long periods of time. You should expect the Fund's share price and total return to fluctuate within a wide range. The Fund is subject to the following risks, which could affect the Fund's performance:
An investment in the Fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. |
|||||||||
Risk Lose Money [Text] | rr_RiskLoseMoney | An investment in the Fund could lose money over short or long periods of time. | |||||||||
Risk Not Insured Depository Institution [Text] | rr_RiskNotInsuredDepositoryInstitution | An investment in the Fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. | |||||||||
Risk Nondiversified Status [Text] | rr_RiskNondiversifiedStatus | Nondiversification risk, which is the chance that the Fund's performance may be hurt disproportionately by the poor performance of relatively few securities. The Fund is considered nondiversified, which means that it may invest a greater percentage of its assets in the securities of particular issuers as compared with diversified mutual funds. | |||||||||
Bar Chart and Performance Table [Heading] | rr_BarChartAndPerformanceTableHeading | Annual Total Returns | |||||||||
Performance Narrative [Text Block] | rr_PerformanceNarrativeTextBlock | The following bar chart and table are intended to help you understand the risks of investing in the Fund. The bar chart shows how the performance of the Fund's Investor Shares has varied from one calendar year to another over the periods shown. The table shows how the average annual total returns of the share classes presented compare with those of a relevant market index, which has investment characteristics similar to those of the Fund. Keep in mind that the Fund's past performance (before and after taxes) does not indicate how the Fund will perform in the future. Updated performance information is available on our website at vanguard.com/performance or by calling Vanguard toll-free at 800-662-7447. |
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Performance Information Illustrates Variability of Returns [Text] | rr_PerformanceInformationIllustratesVariabilityOfReturns | The following bar chart and table are intended to help you understand the risks of investing in the Fund. The bar chart shows how the performance of the Fund's Investor Shares has varied from one calendar year to another over the periods shown. The table shows how the average annual total returns of the share classes presented compare with those of a relevant market index, which has investment characteristics similar to those of the Fund. | |||||||||
Performance Availability Phone [Text] | rr_PerformanceAvailabilityPhone | 800-662-7447 | |||||||||
Performance Availability Website Address [Text] | rr_PerformanceAvailabilityWebSiteAddress | vanguard.com/performance | |||||||||
Performance Past Does Not Indicate Future [Text] | rr_PerformancePastDoesNotIndicateFuture | Keep in mind that the Fund's past performance (before and after taxes) does not indicate how the Fund will perform in the future. | |||||||||
Bar Chart [Heading] | rr_BarChartHeading | Annual Total Returns — Vanguard New Jersey Long-Term Tax-Exempt Fund Investor Shares | |||||||||
Bar Chart Closing [Text Block] | rr_BarChartClosingTextBlock | During the periods shown in the bar chart, the highest and lowest returns for a calendar quarter were:
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Performance Table Heading | rr_PerformanceTableHeading | Average Annual Total Returns for Periods Ended December 31, 2019 | |||||||||
Performance Table Uses Highest Federal Rate | rr_PerformanceTableUsesHighestFederalRate | When after-tax returns are calculated, it is assumed that the shareholder was in the highest individual federal marginal income tax bracket at the time of each distribution of income or capital gains or upon redemption. State and local income taxes are not reflected in the calculations. | |||||||||
Performance Table Not Relevant to Tax Deferred | rr_PerformanceTableNotRelevantToTaxDeferred | After-tax returns are not relevant for a shareholder who holds fund shares in a tax-deferred account, such as an individual retirement account or a 401(k) plan. | |||||||||
Performance Table One Class of after Tax Shown [Text] | rr_PerformanceTableOneClassOfAfterTaxShown | Please note that after-tax returns are shown only for the Investor Shares and may differ for each share class. | |||||||||
Performance Table Explanation after Tax Higher | rr_PerformanceTableExplanationAfterTaxHigher | Also, figures captioned Return After Taxes on Distributions and Sale of Fund Shares may be higher than other figures for the same period if a capital loss occurs upon redemption and results in an assumed tax deduction for the shareholder. | |||||||||
Performance Table Closing [Text Block] | rr_PerformanceTableClosingTextBlock | Actual after-tax returns depend on your tax situation and may differ from those shown in the preceding table. When after-tax returns are calculated, it is assumed that the shareholder was in the highest individual federal marginal income tax bracket at the time of each distribution of income or capital gains or upon redemption. State and local income taxes are not reflected in the calculations. Please note that after-tax returns are shown only for the Investor Shares and may differ for each share class. After-tax returns are not relevant for a shareholder who holds fund shares in a tax-deferred account, such as an individual retirement account or a 401(k) plan.Also, figures captioned Return After Taxes on Distributions and Sale of Fund Shares may be higher than other figures for the same period if a capital loss occurs upon redemption and results in an assumed tax deduction for the shareholder. |
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Retail | Vanguard New Jersey Long-Term Tax-Exempt Fund | Investor Shares | |||||||||||
Risk/Return: | rr_RiskReturnAbstract | ||||||||||
Purchase Fee | rr_MaximumCumulativeSalesChargeOverOther | none | |||||||||
Sales Charge (Load) Imposed on Purchases | rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice | none | |||||||||
Sales Charge (Load) Imposed on Reinvested Dividends | rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther | none | |||||||||
Redemption Fee | rr_RedemptionFeeOverRedemption | none | |||||||||
Account Service Fee Per Year (for certain fund account balances below $10,000) | rr_MaximumAccountFee | $ 20 | |||||||||
Management Fees | rr_ManagementFeesOverAssets | 0.14% | |||||||||
12b-1 Distribution Fee | rr_DistributionAndService12b1FeesOverAssets | none | |||||||||
Other Expenses | rr_OtherExpensesOverAssets | 0.03% | |||||||||
Total Annual Fund Operating Expenses | rr_ExpensesOverAssets | 0.17% | |||||||||
1 Year | rr_ExpenseExampleYear01 | $ 17 | |||||||||
3 Years | rr_ExpenseExampleYear03 | 55 | |||||||||
5 Years | rr_ExpenseExampleYear05 | 96 | |||||||||
10 Years | rr_ExpenseExampleYear10 | $ 217 | |||||||||
2010 | rr_AnnualReturn2010 | 1.27% | |||||||||
2011 | rr_AnnualReturn2011 | 9.96% | |||||||||
2012 | rr_AnnualReturn2012 | 7.09% | |||||||||
2013 | rr_AnnualReturn2013 | (2.50%) | |||||||||
2014 | rr_AnnualReturn2014 | 9.90% | |||||||||
2015 | rr_AnnualReturn2015 | 2.68% | |||||||||
2016 | rr_AnnualReturn2016 | 0.80% | |||||||||
2017 | rr_AnnualReturn2017 | 8.35% | |||||||||
2018 | rr_AnnualReturn2018 | 1.52% | |||||||||
2019 | rr_AnnualReturn2019 | 8.98% | |||||||||
Highest Quarterly Return, Label | rr_HighestQuarterlyReturnLabel | Highest | |||||||||
Highest Quarterly Return, Date | rr_BarChartHighestQuarterlyReturnDate | Mar. 31, 2014 | |||||||||
Highest Quarterly Return | rr_BarChartHighestQuarterlyReturn | 3.88% | |||||||||
Lowest Quarterly Return, Label | rr_LowestQuarterlyReturnLabel | Lowest | |||||||||
Lowest Quarterly Return, Date | rr_BarChartLowestQuarterlyReturnDate | Dec. 31, 2016 | |||||||||
Lowest Quarterly Return | rr_BarChartLowestQuarterlyReturn | (4.70%) | |||||||||
1 Year | rr_AverageAnnualReturnYear01 | 8.98% | |||||||||
5 Years | rr_AverageAnnualReturnYear05 | 4.41% | |||||||||
10 Years | rr_AverageAnnualReturnYear10 | 4.72% | |||||||||
Retail | Vanguard New Jersey Long-Term Tax-Exempt Fund | Admiral Shares | |||||||||||
Risk/Return: | rr_RiskReturnAbstract | ||||||||||
Purchase Fee | rr_MaximumCumulativeSalesChargeOverOther | none | |||||||||
Sales Charge (Load) Imposed on Purchases | rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice | none | |||||||||
Sales Charge (Load) Imposed on Reinvested Dividends | rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther | none | |||||||||
Redemption Fee | rr_RedemptionFeeOverRedemption | none | |||||||||
Account Service Fee Per Year (for certain fund account balances below $10,000) | rr_MaximumAccountFee | $ 20 | |||||||||
Management Fees | rr_ManagementFeesOverAssets | 0.08% | |||||||||
12b-1 Distribution Fee | rr_DistributionAndService12b1FeesOverAssets | none | |||||||||
Other Expenses | rr_OtherExpensesOverAssets | 0.01% | |||||||||
Total Annual Fund Operating Expenses | rr_ExpensesOverAssets | 0.09% | |||||||||
1 Year | rr_ExpenseExampleYear01 | $ 9 | |||||||||
3 Years | rr_ExpenseExampleYear03 | 29 | |||||||||
5 Years | rr_ExpenseExampleYear05 | 51 | |||||||||
10 Years | rr_ExpenseExampleYear10 | $ 115 | |||||||||
1 Year | rr_AverageAnnualReturnYear01 | 9.07% | |||||||||
5 Years | rr_AverageAnnualReturnYear05 | 4.50% | |||||||||
10 Years | rr_AverageAnnualReturnYear10 | 4.80% | |||||||||
Retail | Vanguard New Jersey Long-Term Tax-Exempt Fund | Return After Taxes on Distributions | Investor Shares | |||||||||||
Risk/Return: | rr_RiskReturnAbstract | ||||||||||
1 Year | rr_AverageAnnualReturnYear01 | 8.82% | |||||||||
5 Years | rr_AverageAnnualReturnYear05 | 4.28% | |||||||||
10 Years | rr_AverageAnnualReturnYear10 | 4.63% | |||||||||
Retail | Vanguard New Jersey Long-Term Tax-Exempt Fund | Return After Taxes on Distributions and Sale of Fund Shares | Investor Shares | |||||||||||
Risk/Return: | rr_RiskReturnAbstract | ||||||||||
1 Year | rr_AverageAnnualReturnYear01 | 6.81% | |||||||||
5 Years | rr_AverageAnnualReturnYear05 | 4.18% | |||||||||
10 Years | rr_AverageAnnualReturnYear10 | 4.49% | |||||||||
Retail | Vanguard New Jersey Long-Term Tax-Exempt Fund | Bloomberg Barclays NJ Municipal Bond Index (reflects no deduction for fees, expenses, or taxes) | |||||||||||
Risk/Return: | rr_RiskReturnAbstract | ||||||||||
1 Year | rr_AverageAnnualReturnYear01 | 9.18% | |||||||||
5 Years | rr_AverageAnnualReturnYear05 | 4.38% | |||||||||
10 Years | rr_AverageAnnualReturnYear10 | 4.75% |
Total | ||||||||||||||||||||||||
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Retail | Vanguard New Jersey Long-Term Tax-Exempt Fund | ||||||||||||||||||||||||
Vanguard New Jersey Long-Term Tax-Exempt Fund | ||||||||||||||||||||||||
Investment Objective | ||||||||||||||||||||||||
The Fund seeks to provide current income that is exempt from both federal and New Jersey personal income taxes. The Fund is intended for New Jersey residents only. | ||||||||||||||||||||||||
Fees and Expenses | ||||||||||||||||||||||||
The following table describes the fees and expenses you may pay if you buy and hold Investor Shares or Admiral Shares of the Fund. | ||||||||||||||||||||||||
Shareholder Fees (Fees paid directly from your investment) | ||||||||||||||||||||||||
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Annual Fund Operating Expenses (Expenses that you pay each year as a percentage of the value of your investment) | ||||||||||||||||||||||||
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Examples | ||||||||||||||||||||||||
The following examples are intended to help you compare the cost of investing in the Fund's Investor Shares or Admiral Shares with the cost of investing in other mutual funds. They illustrate the hypothetical expenses that you would incur over various periods if you were to invest $10,000 in the Fund's shares. These examples assume that the shares provide a return of 5% each year and that total annual fund operating expenses remain as stated in the preceding table. You would incur these hypothetical expenses whether or not you were to redeem your investment at the end of the given period. Although your actual costs may be higher or lower, based on these assumptions your costs would be: | ||||||||||||||||||||||||
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Portfolio Turnover | ||||||||||||||||||||||||
The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in more taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the previous expense examples, reduce the Fund's performance. During the most recent fiscal year, the Fund's portfolio turnover rate was 12% of the average value of its portfolio. | ||||||||||||||||||||||||
Principal Investment Strategies | ||||||||||||||||||||||||
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. Under normal circumstances, at least 80% of the Fund's 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. | ||||||||||||||||||||||||
Principal Risks | ||||||||||||||||||||||||
An investment in the Fund could lose money over short or long periods of time. You should expect the Fund's share price and total return to fluctuate within a wide range. The Fund is subject to the following risks, which could affect the Fund's performance:
An investment in the Fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. | ||||||||||||||||||||||||
Annual Total Returns | ||||||||||||||||||||||||
The following bar chart and table are intended to help you understand the risks of investing in the Fund. The bar chart shows how the performance of the Fund's Investor Shares has varied from one calendar year to another over the periods shown. The table shows how the average annual total returns of the share classes presented compare with those of a relevant market index, which has investment characteristics similar to those of the Fund. Keep in mind that the Fund's past performance (before and after taxes) does not indicate how the Fund will perform in the future. Updated performance information is available on our website at vanguard.com/performance or by calling Vanguard toll-free at 800-662-7447. | ||||||||||||||||||||||||
Annual Total Returns — Vanguard New Jersey Long-Term Tax-Exempt Fund Investor Shares | ||||||||||||||||||||||||
![]() | ||||||||||||||||||||||||
During the periods shown in the bar chart, the highest and lowest returns for a calendar quarter were:
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Average Annual Total Returns for Periods Ended December 31, 2019 | ||||||||||||||||||||||||
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Actual after-tax returns depend on your tax situation and may differ from those shown in the preceding table. When after-tax returns are calculated, it is assumed that the shareholder was in the highest individual federal marginal income tax bracket at the time of each distribution of income or capital gains or upon redemption. State and local income taxes are not reflected in the calculations. Please note that after-tax returns are shown only for the Investor Shares and may differ for each share class. After-tax returns are not relevant for a shareholder who holds fund shares in a tax-deferred account, such as an individual retirement account or a 401(k) plan.Also, figures captioned Return After Taxes on Distributions and Sale of Fund Shares may be higher than other figures for the same period if a capital loss occurs upon redemption and results in an assumed tax deduction for the shareholder. |
Label | Element | Value |
---|---|---|
Risk/Return: | rr_RiskReturnAbstract | |
Document Type | dei_DocumentType | 485BPOS |
Period End Date | dei_DocumentPeriodEndDate | Nov. 30, 2019 |
Registrant Name | dei_EntityRegistrantName | VANGUARD NEW JERSEY TAX-FREE FUNDS |
CIK | dei_EntityCentralIndexKey | 0000821404 |
Amendment Flag | dei_AmendmentFlag | false |
Document Created Date | dei_DocumentCreationDate | Mar. 27, 2020 |
Effective Date | dei_DocumentEffectiveDate | Mar. 27, 2020 |
Prospectus Date | rr_ProspectusDate | Mar. 27, 2020 |
Entity Inv Company Type | dei_EntityInvCompanyType | N-1A |
Label | Element | Value | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|
Risk/Return: | rr_RiskReturnAbstract | |||||||||||
Registrant Name | dei_EntityRegistrantName | VANGUARD NEW JERSEY TAX-FREE FUNDS | ||||||||||
Prospectus Date | rr_ProspectusDate | Mar. 27, 2020 | ||||||||||
Retail | Vanguard New Jersey Municipal Money Market Fund | ||||||||||||
Risk/Return: | rr_RiskReturnAbstract | |||||||||||
Risk/Return [Heading] | rr_RiskReturnHeading | Vanguard New Jersey Municipal Money Market Fund | ||||||||||
Objective [Heading] | rr_ObjectiveHeading | Investment Objective | ||||||||||
Objective, Primary [Text Block] | rr_ObjectivePrimaryTextBlock | The Fund seeks to provide current income that is exempt from both federal and New Jersey personal income taxes while maintaining a stable net asset value of $1 per share. The Fund is intended for New Jersey residents only. |
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Expense [Heading] | rr_ExpenseHeading | Fees and Expenses | ||||||||||
Expense Narrative [Text Block] | rr_ExpenseNarrativeTextBlock | The following table describes the fees and expenses you may pay if you buy and hold shares of the Fund. |
||||||||||
Shareholder Fees Caption [Text] | rr_ShareholderFeesCaption | Shareholder Fees (Fees paid directly from your investment) | ||||||||||
Operating Expenses Caption [Text] | rr_OperatingExpensesCaption | Annual Fund Operating Expenses (Expenses that you pay each year as a percentage of the value of your investment) | ||||||||||
Expense Example [Heading] | rr_ExpenseExampleHeading | Example | ||||||||||
Expense Example Narrative [Text Block] | rr_ExpenseExampleNarrativeTextBlock | The following example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. It illustrates the hypothetical expenses that you would incur over various periods if you were to invest $10,000 in the Fund's shares. This example assumes that the Fund provides a return of 5% each year and that total annual fund operating expenses remain as stated in the preceding table. You would incur these hypothetical expenses whether or not you were to redeem your investment at the end of the given period. Although your actual costs may be higher or lower, based on these assumptions your costs would be: |
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Strategy [Heading] | rr_StrategyHeading | Principal Investment Strategies | ||||||||||
Strategy Narrative [Text Block] | rr_StrategyNarrativeTextBlock | Under normal circumstances, the Fund invests at least 80% of its assets in a variety of high-quality, short-term New Jersey municipal securities whose income is exempt from federal and New Jersey state taxes. To be considered high quality, a security must be determined by Vanguard to present minimal credit risk based in part on a consideration of maturity, portfolio diversification, portfolio liquidity, and credit quality. The Fund invests in securities with effective maturities of 397 days or less, maintains a dollar-weighted average maturity of 60 days or less, and maintains a dollar-weighted average life of 120 days or less. |
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Risk [Heading] | rr_RiskHeading | Principal Risks | ||||||||||
Risk Narrative [Text Block] | rr_RiskNarrativeTextBlock | The Fund is designed for investors with a low tolerance for risk; however, the Fund is subject to the following risks, which could affect the Fund's performance:
You could lose money by investing in the Fund. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. The Fund may impose a fee upon sale of your shares or may temporarily suspend your ability to sell shares if the Fund's liquidity falls below required minimums because of market conditions or other factors. An investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Fund's sponsor has no legal obligation to provide financial support to the Fund, and you should not expect that the sponsor will provide financial support to the Fund at any time. |
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Risk Lose Money [Text] | rr_RiskLoseMoney | You could lose money by investing in the Fund. | ||||||||||
Risk Money Market Fund May Not Preserve Dollar [Text] | rr_RiskMoneyMarketFundMayNotPreserveDollar | Although the Fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. | ||||||||||
Risk Money Market Fund May Impose Fees Or Suspend Sales [Text] | rr_RiskMoneyMarketFundMayImposeFeesOrSuspendSales | The Fund may impose a fee upon sale of your shares or may temporarily suspend your ability to sell shares if the Fund's liquidity falls below required minimums because of market conditions or other factors. | ||||||||||
Risk Not Insured [Text] | rr_RiskNotInsured | An investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. | ||||||||||
Risk Money Market Fund Sponsor May Not Provide Support [Text] | rr_RiskMoneyMarketFundSponsorMayNotProvideSupport | The Fund's sponsor has no legal obligation to provide financial support to the Fund, and you should not expect that the sponsor will provide financial support to the Fund at any time. | ||||||||||
Risk Nondiversified Status [Text] | rr_RiskNondiversifiedStatus | Nondiversification risk, which is the chance that the Fund's performance may be hurt disproportionately by the poor performance of relatively few securities. The Fund is considered nondiversified, which means that it may invest a greater percentage of its assets in the securities of particular issuers as compared with diversified mutual funds. | ||||||||||
Bar Chart and Performance Table [Heading] | rr_BarChartAndPerformanceTableHeading | Annual Total Returns | ||||||||||
Performance Narrative [Text Block] | rr_PerformanceNarrativeTextBlock | The following bar chart and table are intended to help you understand the risks of investing in the Fund. The bar chart shows how the performance of the Fund has varied from one calendar year to another over the periods shown. The table shows how the average annual total returns of the Fund compare with those of comparative benchmarks, which have investment characteristics similar to those of the Fund. The Spliced New Jersey Tax-Exempt Money Market Funds Average reflects the performance of the New Jersey Tax-Exempt Money Market Funds Average through August 31, 2013, and the Other States Tax-Exempt Money Market Funds Average thereafter. Returns for the benchmarks shown are derived from data provided by Lipper, a Thomson Reuters Company. Keep in mind that the Fund's past performance does not indicate how the Fund will perform in the future. Updated performance information is available on our website at vanguard.com/performance or by calling Vanguard toll-free at 800-662-7447. |
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Performance Information Illustrates Variability of Returns [Text] | rr_PerformanceInformationIllustratesVariabilityOfReturns | The following bar chart and table are intended to help you understand the risks of investing in the Fund. The bar chart shows how the performance of the Fund has varied from one calendar year to another over the periods shown. The table shows how the average annual total returns of the Fund compare with those of comparative benchmarks, which have investment characteristics similar to those of the Fund. | ||||||||||
Performance Availability Phone [Text] | rr_PerformanceAvailabilityPhone | 800-662-7447 | ||||||||||
Performance Availability Website Address [Text] | rr_PerformanceAvailabilityWebSiteAddress | vanguard.com/performance | ||||||||||
Performance Past Does Not Indicate Future [Text] | rr_PerformancePastDoesNotIndicateFuture | Keep in mind that the Fund's past performance does not indicate how the Fund will perform in the future. | ||||||||||
Bar Chart [Heading] | rr_BarChartHeading | Annual Total Returns — Vanguard New Jersey Municipal Money Market Fund Investor Shares | ||||||||||
Bar Chart Closing [Text Block] | rr_BarChartClosingTextBlock | During the periods shown in the bar chart, the highest and lowest returns for a calendar quarter were:
|
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Performance Table Heading | rr_PerformanceTableHeading | Average Annual Total Returns for Periods Ended December 31, 2019 | ||||||||||
Retail | Vanguard New Jersey Municipal Money Market Fund | Investor Shares | ||||||||||||
Risk/Return: | rr_RiskReturnAbstract | |||||||||||
Purchase Fee | rr_MaximumCumulativeSalesChargeOverOther | none | ||||||||||
Sales Charge (Load) Imposed on Purchases | rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice | none | ||||||||||
Sales Charge (Load) Imposed on Reinvested Dividends | rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther | none | ||||||||||
Redemption Fee | rr_RedemptionFeeOverRedemption | none | ||||||||||
Account Service Fee Per Year (for certain fund account balances below $10,000) | rr_MaximumAccountFee | $ 20 | ||||||||||
Management Fees | rr_ManagementFeesOverAssets | 0.14% | ||||||||||
12b-1 Distribution Fee | rr_DistributionAndService12b1FeesOverAssets | none | ||||||||||
Other Expenses | rr_OtherExpensesOverAssets | 0.02% | ||||||||||
Total Annual Fund Operating Expenses | rr_ExpensesOverAssets | 0.16% | ||||||||||
1 Year | rr_ExpenseExampleYear01 | $ 16 | ||||||||||
3 Years | rr_ExpenseExampleYear03 | 52 | ||||||||||
5 Years | rr_ExpenseExampleYear05 | 90 | ||||||||||
10 Years | rr_ExpenseExampleYear10 | $ 205 | ||||||||||
2010 | rr_AnnualReturn2010 | 0.11% | ||||||||||
2011 | rr_AnnualReturn2011 | 0.05% | ||||||||||
2012 | rr_AnnualReturn2012 | 0.04% | ||||||||||
2013 | rr_AnnualReturn2013 | 0.01% | ||||||||||
2014 | rr_AnnualReturn2014 | 0.01% | ||||||||||
2015 | rr_AnnualReturn2015 | 0.01% | ||||||||||
2016 | rr_AnnualReturn2016 | 0.28% | ||||||||||
2017 | rr_AnnualReturn2017 | 0.68% | ||||||||||
2018 | rr_AnnualReturn2018 | 1.25% | ||||||||||
2019 | rr_AnnualReturn2019 | 1.27% | ||||||||||
Highest Quarterly Return, Label | rr_HighestQuarterlyReturnLabel | Highest | ||||||||||
Highest Quarterly Return, Date | rr_BarChartHighestQuarterlyReturnDate | Jun. 30, 2019 | ||||||||||
Highest Quarterly Return | rr_BarChartHighestQuarterlyReturn | 0.37% | ||||||||||
Lowest Quarterly Return, Label | rr_LowestQuarterlyReturnLabel | Lowest | ||||||||||
Lowest Quarterly Return, Date | rr_BarChartLowestQuarterlyReturnDate | Mar. 31, 2015 | ||||||||||
Lowest Quarterly Return | rr_BarChartLowestQuarterlyReturn | none | [1] | |||||||||
1 Year | rr_AverageAnnualReturnYear01 | 1.27% | ||||||||||
5 Years | rr_AverageAnnualReturnYear05 | 0.70% | ||||||||||
10 Years | rr_AverageAnnualReturnYear10 | 0.37% | ||||||||||
Retail | Vanguard New Jersey Municipal Money Market Fund | Other States Tax-Exempt Money Market Funds Average | ||||||||||||
Risk/Return: | rr_RiskReturnAbstract | |||||||||||
1 Year | rr_AverageAnnualReturnYear01 | 1.06% | ||||||||||
5 Years | rr_AverageAnnualReturnYear05 | 0.50% | ||||||||||
10 Years | rr_AverageAnnualReturnYear10 | 0.25% | ||||||||||
Retail | Vanguard New Jersey Municipal Money Market Fund | Spliced New Jersey Tax-Exempt Money Market Funds Average | ||||||||||||
Risk/Return: | rr_RiskReturnAbstract | |||||||||||
1 Year | rr_AverageAnnualReturnYear01 | 1.06% | ||||||||||
5 Years | rr_AverageAnnualReturnYear05 | 0.50% | ||||||||||
10 Years | rr_AverageAnnualReturnYear10 | 0.25% | ||||||||||
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