Fixed Income

MUJ

MuniHoldings New Jersey Quality Fund

  • NAV as of Aug 23, 2023 $12.63
    52 WK: 11.82 - 13.35
  • 1 Day NAV Change as of Aug 23, 2023 0.01 (0.08%)
  • Morningstar Rating
  • Market Price as of Aug 23, 2023 $10.92
  • 1 Day Price Change as of Aug 23, 2023 0.04 (0.37%)
  • Distribution Rate as of Aug 22, 2023 4.14%
  • Premium Discount as of Aug 23, 2023 -13.54%

Overview

Investment Approach

BlackRock MuniHoldings New Jersey Quality Fund, Inc.’s (MUJ) (the 'Fund') investment objective is to provide shareholders with current income exempt from federal income tax and New Jersey personal income taxes. The Fund seeks to achieve its investment objective by investing primarily in long-term, investment grade municipal obligations exempt from federal income taxes (except that the interest may be subject to the federal alternative minimum tax) and New Jersey personal income taxes. Under normal market conditions, the Fund invests at least 80% of its assets in municipal obligations with remaining maturities of one year or more at the time of investment. The Fund may invest directly in such securities or synthetically through the use of derivatives.

No assurance can be given that the Fund's investment objective will be achieved.

 

Loading

Performance

Performance

Growth of Hypothetical $10,000

Performance chart data not available for display.
View full chart
NAV Market Price

Distributions

Interactive chart displaying fund performance. Javascript is required.

View full chart

Interactive chart displaying fund performance. Javascript is required.

Ex-Date Payable Date Record Date Total Distribution Income ST Cap Gains LT Cap Gains Return of Capital

Interactive chart displaying fund performance. Javascript is required.

Year Total Distribution

Past distributions are not indicative of future distributions.


If a Fund estimates that it has distributed more than its income and net realized capital gains in the current fiscal year; a portion of its distribution may be a return of capital. A return of capital may occur, for example, when some or all of a shareholder's investment is paid back to the shareholder. A return of capital distribution does not necessarily reflect a Fund's investment performance and should not be confused with 'yield' or 'income'. When distributions exceed total return performance, the difference will reduce the Fund's net asset value per share. Although the character of income will not be determined until the end of the fund’s fiscal year, please refer to the 'Closed-End Fund Resources' section of the BlackRock website for Section 19 notices that provide estimated amounts and sources of the fund's distributions, which should not be not be relied upon for tax reporting purposes. A Form 1099-DIV for the calendar year will be sent to shareholders to illustrate how the Fund’s distributions should be reported for federal income tax purposes.

Details Concerning Previously Announced Special Dividends

As previously announced on April 1, 2015, in connection with the reorganization of BlackRock MuniYield New Jersey Quality Fund, Inc. (NYSE:MJI) with BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ), with MUJ continuing as the surviving fund, MUJ declared 3 dividends that went ex-dividend on 4/8/2015 for shareholders of record on 4/10/2015:

Payable on 5/1/2015: $0.07400
Payable on 6/1/2015: $0.07400
Payable on 7/1/2015: $0.04084*

* As previously announced on June 1, 2015, MUJ declared a partial distribution of $0.03316 payable on 7/1/2015 to shareholders of record as of 6/15/2015. The combination of this partial distribution, payable on July 1, 2015 to holders of record of MUJ common shares as of June 15, 2015, and the special distribution of $0.04084 previously declared on April 1, 2015, payable on July 1, 2015 to holders of record of MUJ common shares on April 10, 2015, equal the regular monthly distribution for MUJ of $0.0740.
  1y 3y 5y 10y
NAV Total Return (%) 3.95 -0.60 1.73 4.07
Market Price Total Return (%) -11.16 -1.03 1.57 2.94
  YTD 1m 1y 3y 5y 10y
NAV Total Return (%) 4.57 1.43 3.95 -1.78 8.96 49.02
Market Price Total Return (%) 3.00 0.34 -11.16 -3.07 8.09 33.65
  2018 2019 2020 2021 2022
NAV Total Return (%) 1.32 10.08 6.36 3.56 -15.44
Market Price Total Return (%) -8.48 19.33 5.91 15.16 -26.25

Performance is shown after deduction of ongoing charges. Any entry and exit charges are excluded from the calculation.

The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted.


Returns are shown net of advisory fees paid by the fund and net of the fund’s operating fees and expenses. Investors who purchase shares of the fund through an investment adviser or other financial professional may separately pay a fee to that service provider. Past performance is not indicative of future results.

The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted, and numbers may reflect small variances due to rounding. Standardized performance and performance data current to the most recent month end may be found in the Performance section.

Key Facts

Key Facts

Net Assets as of Aug 23, 2023 $677,350,515
Size of Fund (Millions) as of Aug 23, 2023 $677.4 M
Share Class launch date Mar 13, 1998
Exchange New York Stock Exchange Inc.
Asset Class Fixed Income
Morningstar Category Muni New Jersey
Lipper Classification NJ Muni Debt Funds
CUSIP 09254X101
Shares Outstanding as of Aug 23, 2023 53,636,148
Number of Holdings as of Jul 31, 2023 231
Managed Assets -
Premium Discount as of Aug 23, 2023 -13.54%

Portfolio Characteristics

Portfolio Characteristics

Distribution Rate as of Aug 22, 2023 4.14%
Tax Equiv. Yield as of Jun 15, 2023 8.44%
Yield to Maturity as of Jul 31, 2023 7.11%
Yield to Worst as of Jul 31, 2023 6.49%
Average Coupon as of Jul 31, 2023 4.24%
Effective Duration as of Jul 31, 2023 9.39 yrs
WAL to Maturity as of Jul 31, 2023 21.84 yrs
Leverage as of Jul 31, 2023 $ 439,332,311.00
% Leveraged as of Jul 31, 2023 38.52%
% AMT Bonds as of Jul 31, 2023 18.48%
% Insured as of Jul 31, 2023 17.62%

Sustainability Characteristics

Sustainability Characteristics

To be included in MSCI ESG Fund Ratings, 65% (or 50% for bond funds and money market funds) of the fund’s gross weight must come from securities with ESG coverage by MSCI ESG Research (certain cash positions and other asset types deemed not relevant for ESG analysis by MSCI are removed prior to calculating a fund’s gross weight; the absolute values of short positions are included but treated as uncovered), the fund’s holdings date must be less than one year old, and the fund must have at least ten securities. MSCI Ratings are currently unavailable for this fund.

ESG Integration

ESG Integration

ESG integration is the practice of incorporating financially material environmental, social and governance (ESG) data or information into the investment decision process with the objective of enhancing risk-adjusted returns of our clients’ portfolios. Unless otherwise stated in Fund documentation or included within the Fund's investment objective, inclusion of this statement does not imply that the Fund has an ESG-aligned investment objective or strategy, but rather describes how ESG data or information is considered as part of the overall investment process.

Where applicable, the Fund manager includes ESG considerations in combination with other information in the research and due diligence stage of the investment process. ESG information may be sourced from both internal and external sources and included in the Aladdin risk system. This information may broadly inform investment decisions: ESG criteria are considered in combination with other information. The Fund manager conducts regular portfolio risk reviews between the investment team and BlackRock's Risk and Quantitative Analysis group. These reviews include discussion of the portfolio's exposure to material ESG risks, as well as exposure to sustainability-related business involvements, climate-related metrics, and other factors, where appropriate.

Fees

Fees

on net assets
Management Fee 0.83%
Interest Expense 0.79%
Other Expenses 0.15%
Acquired Fund Fees and Expenses 0.00%
Gross Expense Ratio 1.77%
on managed assets
Management Fee 0.50%
Interest Expense 0.47%
Other Expenses 0.09%
Acquired Fund Fees and Expenses 0.00%
Gross Expense Ratio 1.06%

Fees data reflected above is current as of the latest annual shareholder report.

Ratings

Ratings

Morningstar Rating

4 stars
Overall Morningstar Rating for MuniHoldings New Jersey Quality Fund, -, as of Jul 31, 2023 rated against 2 Muni New Jersey Funds based on risk adjusted total return.

Holdings

Holdings

as of Jul 31, 2023
Name Weight (%)
TOBACCO SETTLEMENT FING CORP N 5 06/01/2046 4.49
UNION CNTY N J UTILS AUTH RESO 5.25 12/01/2031 3.73
NEW JERSEY ST TRANSN TR FD AUT 4 06/15/2050 2.98
NEW JERSEY ECONOMIC DEV AUTH R 5.375 01/01/2043 2.31
DRIVER 4.755 GDR 365418BX9 1.92
Name Weight (%)
NEW JERSEY ST HIGHER ED ASSIST 5 12/01/2052 1.90
NEW JERSEY ECONOMIC DEV AUTH R 5 06/15/2043 1.79
GARDEN ST PRESERVATION TR NJ 0 11/01/2023 1.66
NEW JERSEY ECONOMIC DEV AUTH N 3 08/01/2041 1.64
NEW JERSEY ECONOMIC DEV AUTH N 3 08/01/2043 1.64
Holdings are subject to change. Fund holdings and allocations shown are unaudited, and may not be representative of current or future investments. The Fund is actively managed and its details, holdings and characteristics will vary. Holdings shown should not be deemed as a recommendation to buy or sell securities. The user relies on this data at its own risk and neither BlackRock nor any other party makes any representations or express or implied warranties (which are expressly disclaimed) nor shall they incur any liability for any errors or omissions in the data.

Exposure Breakdowns

Exposure Breakdowns

as of Jul 31, 2023

% Notional Value

Type Fund
as of Jul 31, 2023

% Notional Value

Type Fund
as of Jul 31, 2023

% Notional Value

Type Fund
as of Jul 31, 2023

% Notional Value

Type Fund
as of Jul 31, 2023

% Notional Value

Type Fund
as of Jul 31, 2023

% Notional Value

Type Fund
The fund itself has not been rated by an independent rating agency. Credit quality ratings on underlying securities of the fund are received from S&P, Moody’s and Fitch and converted to the equivalent S&P major rating category. This breakdown is provided by BlackRock and takes the median rating of the three agencies when all three agencies rate a security the lower of the two ratings if only two agencies rate a security and one rating if that is all that is provided. Unrated securities do not necessarily indicate low quality. Below investment-grade is represented by a rating of BB and below. Ratings and portfolio credit quality may change over time.

as of Jul 31, 2023
Type Fund
Notional value represents a fund’s use of derivatives, including but not limited to futures, options, and swaps. This value captures the fund exposures as if the derivative was replaced with the underlying asset and the corresponding financing or lending, such that all exposures sum to the net asset value. For non-derivatives, the market value and the notional value are identical.

Allocations are subject to change.

Portfolio Managers

Portfolio Managers

Christian Romaglino
Christian Romaglino
Walter O'Connor, CFA
Walter O'Connor, CFA
Managing Director is a Co-head and Portfolio Manager for the Municipal Bond Funds team

  

Read More

Walter O'Connor, CFA, Managing Director, is a member of Americas Fixed Income within Alpha Strategies. He is head Portfolio Manager on the Municipal Mutual Fund Desk. He is also a member of the Municipal Bond Operating Committee, which oversees all municipal bond portfolio management, research and trading activities.


Mr. O'Connor's service with the firm dates back to 1991, including his years with Merrill Lynch Investment Managers (MLIM), which merged with BlackRock in 2006. At MLIM, he was a portfolio manager for municipal bond retail mutual funds. Prior to joining MLIM, Mr. O'Connor was with Prudential Securities, where he was involved in trading, underwriting, and arbitrage for municipal securities and financial futures.


Mr. O'Connor earned a BA degree in finance and philosophy from the University of Notre Dame in 1984.

Michael Kalinoski, CFA
Michael Kalinoski, CFA
Portfolio Manager, Municipal Mutual Fund

   

Read More

Michael Kalinoski, CFA , Director, is a member of Americas Fixed Income within Alpha Strategies. He is a portfolio manager on the Municipal Mutual Fund Desk.

 

Mr. Kalinoski's service with the firm dates back to 1999, including his years with Merrill Lynch Investment Managers (MLIM), which merged with BlackRock in 2006. At MLIM, he was a member of the tax-exempt fixed income team responsible for managing a number of national and state funds. Prior to joining MLIM in 1999, Mr. Kalinoski was a municipal trader with Strong Capital Management.

 

Mr. Kalinoski earned a BS degree in accounting from Marquette University in 1992.

Kevin Maloney
Kevin Maloney
Kristi Manidis
Kristi Manidis
Phillip Soccio
Phillip Soccio
Portfolio Manager

Literature

Literature