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Vanguard takes steps to align municipal money market lineup with changing market dynamics

Immediately after cautious review, Vanguard determined that the constrained provide of particular brief-expression municipal securities obtainable in Pennsylvania and New Jersey would make it no for a longer period achievable to fulfill the investment objectives and maintain the diversification and danger profile of the $1.eight billion Vanguard Pennsylvania Municipal Money Current market Fund and the $1.two billion Vanguard New Jersey Municipal Money Current market Fund. Vanguard has closed both of those cash to new traders and programs to liquidate each of the cash in November. Vanguard will keep on to devote in the Pennsylvania and New Jersey income sector universes as component of Vanguard Municipal Money Current market Fund, Vanguard Pennsylvania Lengthy-Expression Tax-Exempt Fund, and Vanguard New Jersey Lengthy-Expression Tax-Exempt Fund.

“We are concentrated on giving a feasible and considerate lineup of income sector merchandise, and we are self-confident that our streamlined suite of tax-exempt income sector cash is very

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