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Vanguard New Jersey Tax-Free Funds – ‘NSAR-B’ for 11/30/08

On: Tuesday, 1/27/09, at 4:23pm ET · Effective: 1/27/09 · For: 11/30/08 · Accession #: 932471-9-75 · File #: 811-05340

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 1/27/09  Vanguard NJ Tax-Free Funds        NSAR-B     11/30/08    3:86K                                    Vanguard Horizon Funds
          → Vanguard New Jersey Long-Term Tax-Exempt Fund ⇒ Admiral Shares (VNJUX) — Investor Shares (VNJTX)
          → Vanguard New Jersey Municipal Money Market Fund ⇒ Investor Shares (VNJXX)

Annual Report by an Investment Company — Form N-SAR — ICA’40
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: NSAR-B      New Jersery Registrant Answer File                    11     47K 
 2: EX-99       New Decloration of Trust                              23±    86K 
 3: EX-99       Pwc Letter                                             2±     9K

‘NSAR-B’ — New Jersery Registrant Answer File

SEC Info℠ rendering: Data from the Answer File, which may only contain updates to a prior Form N-SAR

Form N-SAR

Annual Report by an Open-End Investment Company

Report
Registrant: Vanguard New Jersey Tax-Free Funds — List all N-SARs

Annual Report for the 2nd-half period ended at fiscal year end: 11/30/08

Were there any Answer File errors in the Filing? None FoundNone Found by SEC InfoNot Checked by the FilerOne or more Found by SEC Info
Was the Answer File completed by the Registrant? Yes

Is this an Amendment to a previous Report? No
Is this a change to a previous Report? No
Registrant
1. SEC CIK: 821404
SEC File #: 811-05340

Telephone #: 610-669-1000
2. Address: 100 Vanguard Boulevard
Malvern, PA 19355
3. Is this the first Form N-SAR filed by the Registrant? No
4. Is this the final Form N-SAR filed by the Registrant? No
Funds/Series ↑Top of Form N-SAR
7. Is the Registrant a Funds/Series (multiple portfolios) company? Yes

The number of separate Funds/Series (portfolios) at period end: 2
The number of separate Funds/Series (portfolios) reported here: 2...

N-SAR S# Fund/Series — Filings for F/S#… ⇒ Symbols
↓Information Common to All
↓ Series 1: Vanguard NJ Long-Term Tax-Exempt Fund [ now
Vanguard New Jersey Long-Term Tax-Exempt Fund ] — S#2901 ⇒ VNJUX & VNJTX
↓ Series 2: Vanguard NJ Tax-Exempt Money Market Fund [ now
Vanguard New Jersey Municipal Money Market Fund ] — S#2902 ⇒ VNJXX
Family of Investment Companies
19. Is the Registrant/Series part of a “family” of investment companies? Yes

Total number of registered management investment companies, Series
and portfolios (excluding any Unit Investment Trusts) in the family: 156

The Identification Code of the family for Form N-SAR Filings: VANGUARDGR
Investment Company Type
27. Is the Registrant an “open-end” investment company? Yes, Open-End
Additional Disclosures
77. Did the Registrant file any additional Exhibits with the filing of this
Report (listed here and filed either herewith — as one of the ‘EX-99.*’
↑Exhibits in this Filing — or separately and incorporated by reference)? Yes

EX-99.77B: Accountant’s Report re: Internal Controls? Yes

EX-99.77I: Terms of New or Amended Securities? Yes

EX-99.77Q1: Other Disclosure? Yes

EX-99.77Q3: Other Info? Yes
Subsidiaries
78. Does the Registrant have any wholly-owned investment company
subsidiaries whose operating and financial data are consolidated with
that of the Registrant in this Report? No
All Series ↑List of 2 Funds/Series Reported Here

Information Common to All Funds/Series
All: Investment Adviser
8.1 Name: The Vanguard Group, Inc.
Role: Adviser
SEC File #: 801-11953
Location: Malvern, PA
All: Administrator
10.1 Name: The Vanguard Group, Inc.
SEC File #: 801-11953
Location: Malvern, PA
All: Principal Underwriter
11.1 Name: Vanguard Marketing Corp.
SEC File #: 008-21570
Location: Malvern, PA
All: Shareholder Servicing/Transfer Agent
12.1 Name: The Vanguard Group, Inc.
SEC File #: 084-00772
Location: Malvern, PA
All: Independent Public Accountant
13.1 Name: Pricewaterhousecoopers LLP
Location: Philadelphia, PA
All: Affiliated Broker/Dealer
14.1 Name: Vanguard Marketing Corp.
SEC File #: 008-21570
All: Custodian
15.1 Name: US Bank NA
Role: Custodian
Location: Philadelphia, PA

Type of custody: Section 17(f)(1) — Bank
18. Does the Registrant’s/Series’ Custodian(s) maintain some or all of the
Registrant’s/Series’ securities in a central depository or book-entry
system pursuant to Rule 17f-4? Yes
All: Brokerage Commissions Paid on Portfolio Transactions
20. The brokers who received the largest amount of gross brokerage
commissions during the period:
20.1 Broker: Lehman Brothers Inc.
IRS #: 13-2518466
Commissions paid ($000s): 31
20.2 Broker: J.P. Morgan Securities Inc.
IRS #: 13-3224016
Commissions paid ($000s): 9
21. Total brokerage commissions paid by the Registrant during the period:
Aggregate paid ($000s): 40
All: Portfolio Transactions with Entities Acting as Principals
22. The entities acting as principals with whom the Registrant did the
largest amount of portfolio transactions, based on total value of
principal, during the period:
22.1 Entity: Merrill Lynch, Pierce Fenner & Smith Inc.
IRS #: 13-5674085
Registrant’s purchases ($000s): 554,307
Registrant’s sales ($000s): 614,554
22.2 Entity: Citigroup Global Markets Inc.
IRS #: 13-2919773
Registrant’s purchases ($000s): 661,781
Registrant’s sales ($000s): 467,097
22.3 Entity: Vanguard NJ Long-Term Tax-Exempt Fund
IRS #: 23-2488282
Registrant’s purchases ($000s): 591,985
Registrant’s sales ($000s): 486,160
22.4 Entity: Vanguard NJ Tax-Exempt Money Market Fund
IRS #: 23-2449299
Registrant’s purchases ($000s): 486,160
Registrant’s sales ($000s): 591,985
22.5 Entity: Vanguard Intermediate-Term Tax Exempt Fund
IRS #: 23-2471389
Registrant’s purchases ($000s): 444,330
Registrant’s sales ($000s): 583,876
22.6 Entity: Morgan Stanley
IRS #: 13-2655998
Registrant’s purchases ($000s): 573,072
Registrant’s sales ($000s): 312,104
22.7 Entity: Goldman, Sachs & Co.
IRS #: 13-5108880
Registrant’s purchases ($000s): 617,594
Registrant’s sales ($000s): 232,361
22.8 Entity: Wachovia Securities LLC
IRS #: 54-0796506
Registrant’s purchases ($000s): 428,829
Registrant’s sales ($000s): 400,581
22.9 Entity: J.P. Morgan Securities Inc.
IRS #: 13-3224016
Registrant’s purchases ($000s): 425,646
Registrant’s sales ($000s): 276,685
22.10 Entity: Lehman Brothers Inc.
IRS #: 13-2518466
Registrant’s purchases ($000s): 541,748
Registrant’s sales ($000s): 132,743
23. Total purchase/sale transactions by the Registrant during the period:
Aggregate purchases ($000s): 7,811,541
Aggregate sales ($000s): 5,335,831
All: Holdings of Securities Issued by Registrant’s/Series’ Brokers or Dealers
24. At period end, did the Registrant/Series hold any securities of the
Registrant’s/Series’ regular brokers or dealers, or of the parents of
such brokers or dealers, that derive more than 15% of gross revenue from
securities-related activities? No
All: Considerations which Affected the Participation of Brokers or Dealers
26. Considerations which affected the participation of brokers or dealers or
other entities in commissions or other compensation paid on portfolio
transactions of the Registrant:

Consideration?
Sales of the Registrant’s/Series’ shares ............................... No
Receipt of investment research and statistical info .................... Yes
Receipt of quotations for portfolio valuations ......................... No
Ability to execute portfolio transactions to obtain the best price
and execution ........................................................ Yes
Receipt of telephone line and wire services ............................ No
Broker or Dealer which is an affiliated person ......................... No
An arrangement to return or credit part or all of commissions or
profits thereon...
To an Investment Adviser or Principal Underwriter, or to an
affiliated person of either ...................................... No
To the Registrant .................................................. No
Other .................................................................. No
All: Sales Load (Front-End or Deferred) and Fees (Redemption or Maintenance)
29. Was a front-end sales load deducted from any share sales during the
period? No
34. Did the Registrant/Series impose a deferred or contingent deferred sales
load during the period? No
37. Did the Registrant/Series impose a redemption fee other than a deferred
or contingent sales load during the period? No
39. Were any account maintenance fees or other administrative fees imposed
directly on shareholders during the period? Yes
All: Payment Plan for the Distribution of Fund Shares
40. During the period, did the Registrant/Series have a plan of distribution
adopted pursuant to Rule 12b-1? No
All: Advisory Fee
45. Did the Registrant/Series have an advisory contract during the period? No
All: Classification and Asset Allocation
66. Is the Registrant/Series a Fund that usually invests in equity
securities, options & futures on equity securities, indices of equity
securities or securities convertible into equity securities? No
67. Is the Registrant/Series a “balanced” Fund? No
68. Does the Registrant/Series have more than 50% of its net assets at
period end invested in the securities of issuers...
Engaged primarily in production or distribution of precious metals? No
Located primarily in countries other than the United States? No
69. Is the Registrant/Series an index Fund? No
All: Fidelity Bond in Effect at Fiscal Year End
80. Insurer: ICI Mutual Insurance Co.
2nd Insurer: N/A

Aggregate face amount of coverage for the Registrant/Series on all bonds
on which it is named as an insured ($000s): 400,000
81. Is the bond part of a joint fidelity bond(s) shared with other
investment companies or other entities? Yes

How many other investment companies or other entities are covered by the
bond (counting each Fund/Series as a separate investment company): 205
82. Does the mandatory coverage of the fidelity bond have a deductible? No
83. Were any claims with respect to this Registrant/Series filed under the
bond during the period? No
84. Were any losses incurred with respect to this Registrant/Series that
could have been filed as a claim under the fidelity bond but were not? No
85. Are the Registrant’s/Series’ Officers and Directors covered as Officers
and Directors of the Registrant/Series under any errors and omissions
insurance policy owned by the Registrant/Series or anyone else? Yes

Were any claims filed under such policy during the period with respect
to the Registrant/Series? No
Series 1 ↑Information Common to All Funds/Series ↑List of 2 Funds/Series
7. Name: Vanguard NJ Long-Term Tax-Exempt Fund [ now
Vanguard New Jersey Long-Term Tax-Exempt Fund ] — S#2901 ⇒ VNJUX & VNJTX

Is this the final Form N-SAR filed for this Fund/Series? No
S 1: Sales and Repurchases
28. Monthly total Net Asset Value (NAV) of sales and repurchases of the
Registrant’s/Series’ shares:
1st Month of period: ($000s)
Total NAV of shares sold:
New sales (including exchanges) ............................ 28,785
Reinvestment of dividends and distributions ................ 5,225
Other ...................................................... –
Total NAV of shares redeemed & repurchased (inc. exchanges) .. 19,851
2nd Month:
Total NAV of shares sold:
New sales (including exchanges) ............................ 25,180
Reinvestment of dividends and distributions ................ 5,418
Other ...................................................... –
Total NAV of shares redeemed & repurchased (inc. exchanges) .. 19,589
3rd Month:
Total NAV of shares sold:
New sales (including exchanges) ............................ 27,878
Reinvestment of dividends and distributions ................ 5,409
Other ...................................................... –
Total NAV of shares redeemed & repurchased (inc. exchanges) .. 22,442
4th Month:
Total NAV of shares sold:
New sales (including exchanges) ............................ 35,100
Reinvestment of dividends and distributions ................ 5,352
Other ...................................................... –
Total NAV of shares redeemed & repurchased (inc. exchanges) .. 40,516
5th Month:
Total NAV of shares sold:
New sales (including exchanges) ............................ 35,701
Reinvestment of dividends and distributions ................ 5,395
Other ...................................................... –
Total NAV of shares redeemed & repurchased (inc. exchanges) .. 85,263
6th Month:
Total NAV of shares sold:
New sales (including exchanges) ............................ 34,169
Reinvestment of dividends and distributions ................ 5,048
Other ...................................................... –
Total NAV of shares redeemed & repurchased (inc. exchanges) .. 42,883

Total of all months: ($000s)
Total NAV of shares sold:
New sales (including exchanges) ............................ 186,813
Reinvestment of dividends and distributions ................ 31,847
Other ...................................................... –
Total NAV of shares redeemed & repurchased (inc. exchanges) .. 230,544

Total NAV of the Registrant’s/Series’ share sales during the period
subject to a sales load ($000s): 0
S 1: Miscellaneous Info
55. Did the Registrant/Series have any of the following outstanding at any
time during the period which exceeded 1% of aggregate net assets:
Overdrafts? No
Bank loans? No
56. During the period, did the Registrant’s/Series’ Investment Adviser(s)
have advisory clients other than investment companies? Yes
57. Did the Registrant/Series adjust the number of its shares outstanding by
means of a stock split or stock dividend? No
S 1: Classification and Asset Allocation
58. Is the Registrant/Series a Separate Account of an insurance company? No
59. Is the Registrant/Series a management investment company? Yes
60. Was the Registrant/Series a diversified investment company at any time
during the period? No

Was the Registrant/Series a diversified investment company at the end of
the period? No
61. The lowest minimum initial investment required by the Registrant/Series
from an investor that is not an employee or otherwise affiliated with
the Registrant/Series, its Investment Adviser, Principal Underwriter or
other affiliated entity: $3,000
62. Does the Registrant/Series invest primarily in debt securities,
including convertible debt securities, options & futures on debt
securities or indices of debt securities? Yes

The percentage of net assets in each type at period end:

Debt — Short-Term Maturities
U.S. Treasury ............................... 0.0%
U.S. Government Agency ...................... 0.0
Repurchase agreements ....................... 0.0
State and Municipal – tax-free .............. 4.5
Bank certificates of deposit – domestic ..... 0.0
Bank certificates of deposit – foreign ...... 0.0
Bankers acceptances ......................... 0.0
Commercial paper – taxable .................. 0.0
Time deposits ............................... 0.0
Options ..................................... 0.0
All other ................................... 0.0

Debt — Intermediate & Long-Term Maturities
U.S. Treasury ............................... 0.0%
U.S. Government Agency ...................... 0.0
State and Municipal – tax-free .............. 94.0
Corporate ................................... 0.0
All other ................................... 0.0

Non-Debt
Investments other than debt securities ...... 0.0%
63. The dollar-weighted average portfolio maturity at period end in days or,
if longer than one year, in years (to one decimal place):
Days: 0
Years: 9.6
64. Is the timely payment of principal and interest on any of the
instruments listed in Item 62 insured or guaranteed by an entity other
than the issuer? Yes

Is the issuer of any instrument covered in Item 62 delinquent or in
default as to payment of principal or interest at period end? No
S 1: Investment Practices
70. Activities that are permitted by the Registrant’s/Series’ investment
policies, and which were engaged in during the period:

Activity Permitted Engaged In
Writing or investing in repurchase agreements? Yes No
Writing or investing in options on equities? No –
Writing or investing in options on debt securities? Yes No
Writing or investing in options on stock indices? No –
Writing or investing in interest rate futures? Yes to both
Writing or investing in stock index futures? No –
Writing or investing in options on futures? Yes No
Writing or investing in options on stock index futures? No –
Writing or investing in other commodity futures? No –
Investments in restricted securities? Yes to both
Investments in shares of other investment companies? Yes No
Investments in securities of foreign issuers? No –
Currency exchange transactions? No –
Loaning portfolio securities? No –
Borrowing of money? Yes No
Purchases/sales by certain exempted affiliated persons? Yes to both
Margin purchases? No –
Short selling? No –
S 1: Portfolio Turnover
71. Portfolio turnover rate for the period:
Purchases ($000s): 763,563
Sales ($000s): 673,255

Monthly average Value of portfolio ($000s): 1,796,102

Percent turnover (lesser of Purchases or Sales, divided by Value): 37%
S 1: Financial Info — Income and Expenses
72. The number of months covered by the values in Items 72 and 73: 12

Income ($000s)
Net interest income .............................................. 83,677
Net dividend income .............................................. –
Account maintenance fees ......................................... –
Net other income ................................................. –

Expenses ($000s)
Advisory fees .................................................... 178
Administrator fees ............................................... 960
Salaries and other compensation .................................. –
Shareholder Servicing Agent fees ................................. 263
Custodian fees ................................................... 15
Postage .......................................................... –
Printing expenses ................................................ 10
Directors’ fees .................................................. 2
Registration fees ................................................ –
Taxes ............................................................ –
Interest ......................................................... –
Bookkeeping fees paid to anyone performing this service .......... –
Auditing fees .................................................... 24
Legal fees ....................................................... –
Marketing/distribution payments, incl. Rule 12b-1 plan payments .. 412
Amortization of organization expenses ............................ –
Shareholder meeting expenses ..................................... –
Other expenses ................................................... –
Total expenses ................................................... 1,864

Expense reimbursements ($000s): 15

Net investment income ($000s): 81,828

Realized capital gains ($000s): 8,373
Realized capital losses ($000s): 27,634

Net unrealized appreciation during the period ($000s): 0
Net unrealized depreciation during the period ($000s): 129,167

Total income dividends for which the record date passed during the
period ($000s): 18,808
Dividends for a second class of shares ($000s): 63,020

Total capital gains distributions for which the record date passed
during the period ($000s): 0
73. Distributions per share for which the record date passed during the
period, shown in fractions of a cent, if so declared:

Dividends from net investment income: $0.4940
Dividends for a second class of shares: $0.5020

Distribution of capital gains: $0.0000
Other distributions: $0.0000
S 1: Financial Info — Condensed Balance Sheet Data
74. Assets ($000s)
Cash ............................................................. 78
Repurchase agreements ............................................ –
Short-term debt securities, other than repurchase agreements ..... 81,010
Long-term debt securities, including convertible debt ............ 1,676,752
Preferred, conv. preferred and adjustable-rate preferred stock ... –
Common stock ..................................................... –
Options on equities .............................................. –
Options on all futures ........................................... –
Other investments ................................................ 185
Receivables from portfolio instruments sold ...................... 35
Receivables from affiliated persons .............................. –
Other receivables ................................................ 32,052
All other assets ................................................. –
Total assets ..................................................... 1,790,112

Liabilities ($000s)
Payables for portfolio instruments purchased ..................... –
Amounts owed to affiliated persons ............................... 2,991
Senior long-term debt ............................................ –
Other liabilities:
Reverse repurchase agreements .................................. –
Short sales .................................................... –
Written options ................................................ –
All other liabilities .......................................... 2,188

Equity ($000s)
Senior equity .................................................... –
Net assets of common shareholders ................................ 1,784,933

Number of shares outstanding (000s): 37,890
Number of shares outstanding of a second class of shares (000s): 127,099

Net Asset Value (NAV) per share (to nearest cent): $10.82
NAV per share of a second class of shares (to nearest cent): $10.82

Total number of shareholder accounts: 14,770

Total value of assets in segregated accounts ($000s): 2,215
75. Monthly average net assets during the period ($000s): 1,859,087
Series 2 ↑Information Common to All Funds/Series ↑List of 2 Funds/Series
7. Name: Vanguard NJ Tax-Exempt Money Market Fund [ now
Vanguard New Jersey Municipal Money Market Fund ] — S#2902 ⇒ VNJXX

Is this the final Form N-SAR filed for this Fund/Series? No
S 2: Sales and Repurchases
28. Monthly total Net Asset Value (NAV) of sales and repurchases of the
Registrant’s/Series’ shares:
1st Month of period: ($000s)
Total NAV of shares sold:
New sales (including exchanges) ............................ 157,225
Reinvestment of dividends and distributions ................ 4,461
Other ...................................................... –
Total NAV of shares redeemed & repurchased (inc. exchanges) .. 204,340
2nd Month:
Total NAV of shares sold:
New sales (including exchanges) ............................ 196,659
Reinvestment of dividends and distributions ................ 4,475
Other ...................................................... –
Total NAV of shares redeemed & repurchased (inc. exchanges) .. 224,479
3rd Month:
Total NAV of shares sold:
New sales (including exchanges) ............................ 126,435
Reinvestment of dividends and distributions ................ 4,643
Other ...................................................... –
Total NAV of shares redeemed & repurchased (inc. exchanges) .. 138,120
4th Month:
Total NAV of shares sold:
New sales (including exchanges) ............................ 253,217
Reinvestment of dividends and distributions ................ 8,268
Other ...................................................... –
Total NAV of shares redeemed & repurchased (inc. exchanges) .. 408,939
5th Month:
Total NAV of shares sold:
New sales (including exchanges) ............................ 290,591
Reinvestment of dividends and distributions ................ 7,044
Other ...................................................... –
Total NAV of shares redeemed & repurchased (inc. exchanges) .. 354,979
6th Month:
Total NAV of shares sold:
New sales (including exchanges) ............................ 127,065
Reinvestment of dividends and distributions ................ 2,805
Other ...................................................... –
Total NAV of shares redeemed & repurchased (inc. exchanges) .. 233,565

Total of all months: ($000s)
Total NAV of shares sold:
New sales (including exchanges) ............................ 1,151,192
Reinvestment of dividends and distributions ................ 31,696
Other ...................................................... –
Total NAV of shares redeemed & repurchased (inc. exchanges) .. 1,564,422

Total NAV of the Registrant’s/Series’ share sales during the period
subject to a sales load ($000s): 0
S 2: Miscellaneous Info
55. Did the Registrant/Series have any of the following outstanding at any
time during the period which exceeded 1% of aggregate net assets:
Overdrafts? No
Bank loans? No
56. During the period, did the Registrant’s/Series’ Investment Adviser(s)
have advisory clients other than investment companies? Yes
57. Did the Registrant/Series adjust the number of its shares outstanding by
means of a stock split or stock dividend? No
S 2: Classification and Asset Allocation
58. Is the Registrant/Series a Separate Account of an insurance company? No
59. Is the Registrant/Series a management investment company? Yes
60. Was the Registrant/Series a diversified investment company at any time
during the period? No

The percentage of net assets in each type at period end:

Debt — Short-Term Maturities
U.S. Treasury ............................... 0.0%
U.S. Government Agency ...................... 0.0
Repurchase agreements ....................... 0.0
State and Municipal – tax-free .............. 100.0
Bank certificates of deposit – domestic ..... 0.0
Bank certificates of deposit – foreign ...... 0.0
Bankers acceptances ......................... 0.0
Commercial paper – taxable .................. 0.0
Time deposits ............................... 0.0
Options ..................................... 0.0
All other ................................... 0.0

Debt — Intermediate & Long-Term Maturities
U.S. Treasury ............................... 0.0%
U.S. Government Agency ...................... 0.0
State and Municipal – tax-free .............. 0.0
Corporate ................................... 0.0
All other ................................... 0.0

Non-Debt
Investments other than debt securities ...... 0.0%
63. The dollar-weighted average portfolio maturity at period end in days or,
if longer than one year, in years (to one decimal place):
Days: 39
Years: 0.0
64. Is the timely payment of principal and interest on any of the
instruments listed in Item 62 insured or guaranteed by an entity other
than the issuer? Yes

Is the issuer of any instrument covered in Item 62 delinquent or in
default as to payment of principal or interest at period end? No
S 2: Investment Practices
70. Activities that are permitted by the Registrant’s/Series’ investment
policies, and which were engaged in during the period:

Activity Permitted Engaged In
Writing or investing in repurchase agreements? Yes No
Writing or investing in options on equities? No –
Writing or investing in options on debt securities? No –
Writing or investing in options on stock indices? No –
Writing or investing in interest rate futures? No –
Writing or investing in stock index futures? No –
Writing or investing in options on futures? No –
Writing or investing in options on stock index futures? No –
Writing or investing in other commodity futures? No –
Investments in restricted securities? Yes to both
Investments in shares of other investment companies? Yes No
Investments in securities of foreign issuers? No –
Currency exchange transactions? No –
Loaning portfolio securities? No –
Borrowing of money? Yes No
Purchases/sales by certain exempted affiliated persons? Yes to both
Margin purchases? No –
Short selling? No –
S 2: Portfolio Turnover
71. Portfolio turnover rate for the period:
Purchases ($000s): 0
Sales ($000s): 0

Monthly average Value of portfolio ($000s): 0

Percent turnover (lesser of Purchases or Sales, divided by Value): 0%
S 2: Financial Info — Income and Expenses
72. The number of months covered by the values in Items 72 and 73: 12

Income ($000s)
Net interest income .............................................. 80,512
Net dividend income .............................................. –
Account maintenance fees ......................................... –
Net other income ................................................. –

Expenses ($000s)
Advisory fees .................................................... 329
Administrator fees ............................................... 1,286
Salaries and other compensation .................................. –
Shareholder Servicing Agent fees ................................. 883
Custodian fees ................................................... 26
Postage .......................................................... –
Printing expenses ................................................ 10
Directors’ fees .................................................. 4
Registration fees ................................................ –
Taxes ............................................................ –
Interest ......................................................... –
Bookkeeping fees paid to anyone performing this service .......... –
Auditing fees .................................................... 18
Legal fees ....................................................... –
Marketing/distribution payments, incl. Rule 12b-1 plan payments .. 920
Amortization of organization expenses ............................ –
Shareholder meeting expenses ..................................... –
Other expenses ................................................... 270
Total expenses ................................................... 3,746

Expense reimbursements ($000s): 26

Net investment income ($000s): 76,792

Realized capital gains ($000s): 92
Realized capital losses ($000s): 105

Net unrealized appreciation during the period ($000s): 0
Net unrealized depreciation during the period ($000s): 0

Total income dividends for which the record date passed during the
period ($000s): 76,792

Dividends from net investment income: $0.0220

Distribution of capital gains: $0.0000
Other distributions: $0.0000
S 2: Financial Info — Condensed Balance Sheet Data
74. Assets ($000s)
Cash ............................................................. 941
Repurchase agreements ............................................ –
Short-term debt securities, other than repurchase agreements ..... 3,123,064
Long-term debt securities, including convertible debt ............ –
Preferred, conv. preferred and adjustable-rate preferred stock ... –
Common stock ..................................................... –
Options on equities .............................................. –
Options on all futures ........................................... –
Other investments ................................................ 335
Receivables from portfolio instruments sold ...................... 1,600
Receivables from affiliated persons .............................. –
Other receivables ................................................ 27,738
All other assets ................................................. –
Total assets ..................................................... 3,153,678

Liabilities ($000s)
Payables for portfolio instruments purchased ..................... 16,225
Amounts owed to affiliated persons ............................... 4,401
Senior long-term debt ............................................ –
Other liabilities:
Reverse repurchase agreements .................................. –
Short sales .................................................... –
Written options ................................................ –
All other liabilities .......................................... 6,979

Equity ($000s)
Senior equity .................................................... –
Net assets of common shareholders ................................ 3,126,073

Number of shares outstanding (000s): 3,125,892

Net Asset Value (NAV) per share (to nearest cent): $1.00

Total number of shareholder accounts: 19,593

Total value of assets in segregated accounts ($000s): 0
75. Daily average net assets during the period ($000s): 3,420,860
Signature ↑Top of Form N-SAR
/s/ Chuck Simpkins
Name: Chuck Simpkins
Title: Manager

↑Top

Filing Submission 0000932471-09-000075 – Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

Vanguard New Jersey Tax-Free Funds – ‘NSAR-B’ for 11/30/08

On: Tuesday, 1/27/09, at 4:23pm ET · Effective: 1/27/09 · For: 11/30/08 · Accession #: 932471-9-75 · File #: 811-05340

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Annual Report by an Investment Company — Form N-SAR — ICA’40Filing Table of Contents

‘NSAR-B’ — New Jersery Registrant Answer File

Annual Report by an Investment Company — Form N-SAR — ICA’40
Filing Table of Contents