Understanding the Nuveen New Jersey Quality Municipal Income Fund (NXJ)

What this ETF is trying to do

The NXJ is an ETF that focuses on municipal income. This means it aims to provide money to investors through interest from bonds issued by local governments, specifically in New Jersey.

What the numbers show

As of April 24, 2026, the current price of one share is $12.41. Looking back at the past year, the price has grown by about 9.73%. When you include the extra money paid out to investors, the total return for the last year was 18.58%.

To see how prices change, let's look at an example. Imagine you invested $10,000 into this ETF one year ago when the estimated price was $11.31 per share. Before any extra payments were made, your $10,000 would have grown to roughly $10,986 based on the price change alone.

Income and distribution explanation

This ETF is designed to pay out money regularly. Over the last 12 months, it paid out a total of $0.942 per share. It usually makes these payments every month, with 12 payouts recorded in the last year. The "distribution yield" is 7.59%, which tells you how much cash the ETF pays out compared to its current price.

It is important to remember that a high yield alone can be misleading. A high percentage might look good, but it doesn't tell the whole story about whether the fund is healthy or if the share price is dropping.

NAV erosion explanation

"NAV erosion" happens when an ETF's share price keeps falling over time because it is paying out more money than it is actually earning. If a share price drops from a high number to a much lower number, it can destroy your "principal," which is the original money you put in.

For this specific fund, no price erosion was detected. The data shows a "good" erosion score, meaning the price has generally been moving up rather than collapsing downward.

Pros

• The fund has shown strong total returns over the last one, three, and five years.

• It provides regular monthly income.

• The price has shown growth over the past year.

Cons

• The year-to-date price return is currently negative at -1.82%.

• Investors must watch if the high yield comes at the expense of the share price.

Beginner takeaway

Income investors usually prefer ETFs that go sideways (stay at the same price) or move slightly up. This is because they want to collect their monthly payments without losing the original money they invested. If an ETF's price collapses, the high payments might not be enough to make up for the lost value. For NXJ, the data shows the price has been growing alongside its payments.