Vanguard New Jersey Municipal Money Market Fund
Supplement Dated November 4, 2020, to the
Prospectus Dated March 27, 2020
Prospectus Text Changes
The following is added under the heading “The Funds and Vanguard” in the
More on the Funds section:
Vanguard and the Funds’ board of trustees have voluntarily agreed to temporarily
limit certain net operating expenses in excess of Vanguard New Jersey Municipal
Money Market Fund’s daily yield so as to maintain a zero or positive yield for the
Fund. Vanguard and the Funds’ board of trustees may terminate the temporary
expense limitation at any time.
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