
U.S. Equity
MUJ: Attractive For New Jersey Residents, Less So For Others
BlackRock MuniHoldings New Jersey Quality Fund targets tax-free income for high-rate New Jersey taxpayers by investing in in-state municipal bonds. MUJ offers a 5.25% distribution rate, but about 12–13% of this is return of capital, reducing the real yield to approximately 4.6%.
Seeking Alpha · Jul 9 · 03:54 UTC ↗
MUJ · U.S. Equity