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…