A Muni Swap Opportunity | MUJ To NXJ Or MYJ (Or A NXJ/MYJ Buy Alert)
Summary
MUJ has seen the discount close materially in the last few months to just -6%.
The yield is still attractive at 5.02% and we do NOT expect any change to the payout.
The fund is fine but more tactical investors may want to swap. If you are a buy-and-holder, you may want an opportunity to buy MYJ/NXJ and hold.
Be careful not to incur large capital ga…
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