Nuveen New Jersey Qualified Municipal Fund (NXJ)

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

At the 2026-04-24 close of $12.41, NXJ is a closed-end municipal bond fund, not an operating business, so I start with what it owns: New Jersey tax-exempt municipal securities rated Baa/BBB or better. That niche can provide tax-advantaged income, but it does not create the kind of durable moat I look for in a company; the edge is mainly portfolio management and the tax-exempt mandate. Financial health is the weak spot. The supplied EPS figure is -$0.48, and FairStock computes a P/E of -25.85, a Piotroski F-Score of 0/9, and an Altman Z-Score of 0.72. Debt/equity is 0.69, so leverage is meaningful for a bond fund, and ROE and ROCE are N/A, so return-on-capital analysis is unavailable. Valuation is awkward: FairStock P/B is 1.01, so the price is essentially at accounting book value, but with negative earnings there is no positive P/E anchor. The 7.59% dividend yield and 0.64 beta look attractive on the surface, yet distribution coverage and portfolio value data are not provided, so I cannot call the yield safe. Growth is not assessable: revenue and profit growth are N/A, and the Lynch screen returns none because there are 0 years of filed annual results versus the 3 needed. The 52-week range of $11.94–$12.90 puts the close near the middle. My conclusion: a niche tax-exempt income vehicle with a high stated yield, but the figures show weak financial quality and no clear valuation bargain.

In plain English: Nuveen New Jersey Qualified Municipal Fund owns New Jersey tax-free municipal bonds and uses some borrowing. Based on the supplied figures, the fund looks weak: earnings are negative and the financial-health scores are poor. The price looks roughly fair versus its accounting value, not clearly cheap or expensive, while the high income payout stands out.

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Data as of 2026-04-24 close · note generated 2026-10-20 · model deepseek-flash

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer