NXJ: This Fund Offers New Jersey Retirees Double Tax Exemption

2025-07-24 18:15:30 ET

Overview

Nuveen New Jersey Quality Municipal Income Fund ( NXJ ) operates as a closed end fund that aims to provide attractive exposure to municipal investments that are exempt from federal and New Jersey state income taxes. Since the fund is primarily invested in NJ issued bonds, residents of NJ can add a fund like this to a diversified portfolio as a way to reduce their tax liability. The fund has an inception dating back to 2001, which means we have over two decades worth of performance history to reference. Additionally, NXJ has a reasonable management fee of 0.58%....

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