XNXJX

About XNXJX

Nuveen New Jersey Quality Municipal Income Fund is a closed-end mutual fund focused on providing investors with current income that is exempt from both federal and New Jersey state income taxes. Managed by Nuveen, the fund primarily invests at least 80% of its assets in investment-grade municipal securities issued within New Jersey, aiming to target undervalued or underrated securities to enhance overall portfolio value. This fund serves as a strategic option for investors seeking tax-advantaged income, particularly those residing in New Jersey, by leveraging tax-exempt municipal bonds from across the state. With regular monthly distributions and a notable dividend yield, it appeals to income-oriented investors. The fund utilizes leverage to potentially boost returns and is actively managed, drawing on thorough credit analysis to ensure quality holdings. Established in 2002, the fund plays a significant role in the municipal bond segment, offering diversified exposure to New Jersey’s fixed income market and supporting local public projects through its investments.