The Nuveen New Jersey Quality Municipal Income Fund is a closed-end investment vehicle specializing in fixed income. Established by Nuveen Investments, Inc., this fund receives joint management oversight from Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It strategically allocates capital within New Jersey's fixed income markets, primarily comprising undervalued municipal securities and other related investments. These holdings must be exempt from both regular federal and New Jersey income taxes and possess a credit rating of at least Baa or BBB. Its portfolio construction relies on a rigorous fundamental analysis, employing a bottom-up selection methodology for its assets. Performance is measured against the Standard & Poor's (S&P) New Jersey Municipal Bond Index. Initially formed on June 1, 1999, the fund was formerly known as the Nuveen New Jersey Dividend Advantage Municipal Fund and is domiciled in the United States.