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The investment seeks to provide current income that is exempt from both federal and New York personal income taxes. The fund invests primarily in high-quality municipal bonds issued by New York state and local governments, as well as by regional governmental and public financing authorities. Under normal circumstances, at least 80% of its assets will be invested in securities whose income is exempt from federal and New York 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. It is non-diversified.
Name | Title | Since | Until |
---|---|---|---|
Stephen M. McFee | - | 2020 | Now |
Biography | Stephen M. McFee, CFA, Portfolio Manager and co-lead of the municipal revenue team in Vanguard's Fixed Income Group. He has been with Vanguard since 2005, has worked in investment management since 2007. Education: B.A./B.S., East Stroudsburg University; M.S., St. Joseph's University. | ||
Adam M. Ferguson | Portfolio Manager | 2013 | Now |
Biography | Adam M. Ferguson, CFA, Portfolio Manager at Vanguard. He has been with Vanguard since 2004, has worked in investment management since 2008. He has managed the California Intermediate-Term Tax-Exempt Fund since 2013. Education: B.S., Wilmington University; M.B.A., Drexel University. | ||
Mathew M. Kiselak | Principal | 2013 | 2016 |
Biography | Mathew M. Kiselak, Principal of Vanguard. He has worked in investment management since 1987, has managed investment portfolios since 1990, and has been with Vanguard since 2010. Education: B.S., Pace University. | ||
Michael G. Kobs | Portfolio Manager | 2008 | 2013 |
Biography | Kobs is a portfolio manager with the Vanguard Group. He has worked in investment management since 1990 and has managed investment portfolios since 1998. | ||
Reid Smith | Portfolio Manager | 2008 | 2009 |
Biography | Reid Smith, CFA is lead portfolio manager responsible for the day-to-day management of the Funds. Mr. Smith is a Vice President and Senior Portfolio Manager with the Adviser. He has served as a portfolio manager of the Funds since August 23, 2021. He has over 30 years of fixed income portfolio management experience with an extensive background in municipal bond portfolio management. Mr. Smith was a Financial Advisor/Investments at Stifel from September 2020 to August 2021. Prior to that, Mr. Smith was CIO/Director at Ziegler Capital Management – BPG Group from November 2015 to July 2019. Mr. Smith began his career in portfolio management with the Adviser in 1986. Mr. Smith also worked as a Principal/Senior Portfolio Manager at Vanguard Group from 1992 to 2009 and as Head of the Barclays Wealth Fixed Income Group from 2011 to 2015. Mr. Smith is a Chartered Financial Analyst and a graduate of the University of Hawaii at Manoa, Shidler School of Business, where he received both his Bachelors and Master degrees in business administration. | ||
John M. Carbone | Portfolio Manager | 2007 | 2008 |
Biography | John M. Carbone, Principal of Vanguard. He has managed investment portfolios since 1991, has been with Vanguard since 1996, and has managed theCalifornia Municipal Money Market Fund since 2011. Education: B.S., Babson College; M.B.A., Southern Methodist University. | ||
Christopher M. Ryon | Managing Director | 1997 | 2007 |
Biography | Chris is a fixed income portfolio manager at City Different with more than 30 years of industry experience. Previously, he was a portfolio manager and managed the municipal bond team at Thornburg Investment Management. Prior to that, Chris was a portfolio manager at Vanguard, where he was also responsible for the long-term municipal bond team. In his career, Chris has managed municipal bond portfolios all along the yield curve and across the credit spectrum (from investment grade to high yield). In his prior roles, he was instrumental in developing and executing inter market derivative strategies. Chris is a member of the University of New Mexico's Regent's Portfolio Investment Advisory Committee and a member of the New Mexico Museum Foundation investment committee. Chris served on the board of the MSRB (Municipal Securities Rulemaking Board). He has a Bachelor of Science degree in accounting from Villanova University and an MBA from Drexel University. | ||
Robert F. Auwaerter | Vice President | 2003 | 2007 |
Biography | Auwaerter is vice president and portfolio manager with The Vanguard Group, his employer since 1981. In this position, he has overseen all of the Fixed Income Group's portfolio management activities since 2003. Prior to his employment at Vanguard, Auwaerter spent three years as a Portfolio Manager with Continental Illinois Bank. | ||
Ian A. MacKinnon | - | 1986 | 2003 |
Kathryn Allen | Principal | 1999 | 2002 |
Biography | Allen is a principal and portfolio manager with The Vanguard Group. She has worked in investment management since 1983 and has managed portfolio investments since 1987. |
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