NXJ Stock - Nuveen NJ Div Advtg Fd

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Nuveen New Jersey Quality Municipal Income Fund, a closed-ended fixed income mutual fund, was launched by Nuveen Investments, Inc. The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC, and focuses on the fixed income markets of New Jersey. Established on June 1, 1999, it is domiciled in the United States.

The fund primarily invests in undervalued municipal securities and related investments that are exempt from regular federal and New Jersey income taxes. These securities are rated Baa or BBB or better, ensuring a focus on quality and creditworthiness. The fund aims to provide tax-advantaged income to its investors through these strategic investments.

Utilizing a fundamental analysis approach with bottom-up stock picking, the fund constructs a diversified portfolio designed to optimize performance. It benchmarks its portfolio's performance against the Standard & Poor's (S&P) New Jersey Municipal Bond Index, providing a comparative measure to gauge its success relative to the broader market of New Jersey municipal bonds.

Formerly known as Nuveen New Jersey Dividend Advantage Municipal Fund, the Nuveen New Jersey Quality Municipal Income Fund seeks to offer investors a reliable source of tax-exempt income. By leveraging the expertise of its co-managers and adhering to a rigorous analytical process, the fund strives to maintain strong performance and meet the income needs of its investors.

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