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As of November 10, 2014, Nuveen New Jersey Dividend Advantage Municipal Fund 2 has been acquired by Nuveen New Jersey Dividend Advantage Municipal Fund. Nuveen New Jersey Dividend Advantage Municipal Fund 2 is a closed-ended fixed income mutual fund launched by Nuveen Investments, Inc. The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of New Jersey. The fund invests in undervalued municipal securities and other related investments the income, exempt from regular federal and New Jersey income taxes that are rated Baa or BBB or better. It employs fundamental analysis with bottom-up stock picking approach to create its portfolio. The fund benchmarks the performance of its portfolio against the Standard & Poor’s (S&P) New Jersey Municipal Bond Index. Nuveen New Jersey Dividend Advantage Municipal Fund 2 was formed on April 19, 2001 and is domiciled in the United States.
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