BlackRock MuniHoldings NJ: 16.77% one-year market return
MUJ attributed the difference between market-price and NAV performance to a narrowing discount to NAV during the period.
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Filing Sentiment
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Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
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Rhea-AI Filing Summary
BlackRock MuniHoldings New Jersey Quality Fund, Inc. (MUJ) reported one-year total returns for the period ended July 31, 2026 of 8.65% at net asset value (NAV) and 16.77% at market price; its New Jersey customized benchmark returned 5.35% and the Bloomberg Municipal Bond Index 5.27%. Returns include reinvested distributions and leverage. MUJ seeks current income exempt from federal and New Jersey personal income taxes and, under normal conditions, invests at least 80% of assets in municipal obligations with remaining maturities of one year or more.
As of July 31, 2026, the monthly distribution was $0.054000 per common share ($0.648000 annualized). Leverage was 40% of total managed assets, measured using VRDP Shares and tender option bond trusts and excluding derivatives and other instruments that may create economic leverage. Transportation was the largest sector detractor, with Brightline West bonds the primary cause; state, transportation, education, local tax-backed and health care bonds made the largest contributions. Leverage can magnify changes in NAV, market price and dividend rates, and costs exceeding returns on leveraged assets can reduce common-share income.
