UNITED STATES SECURITIES AND
EXCHANGE COMMISSION
Washington, D.C. 20549
Form N-Q
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES
811-09155
Investment Company Act File Number
Eaton Vance New Jersey Municipal Income Trust
(Exact Name of Registrant as Specified in Charter)
Two International Place,
Boston, Massachusetts 02110
(Address of Principal Executive Offices)
Maureen A. Gemma
Two International Place, Boston, Massachusetts 02110
(Name and Address of Agent for Services)
(617) 482-8260
(Registrants Telephone Number, Including Area Code)
November 30
Date of Fiscal Year End
August 31, 2013
Date of Reporting Period
Item 1. Schedule of Investments
Eaton Vance
New Jersey Municipal Income Trust
August 31, 2013
PORTFOLIO OF INVESTMENTS (Unaudited)
Tax-Exempt Municipal Securities 161.9%
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|
|
|
|
|
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Security
|
|
Principal
Amount
(000s omitted)
|
|
|
Value
|
|
Education 23.8%
|
|
|
|
|
|
|
|
|
Camden County Improvement Authority, (Rowan University School of Osteopathic Medicine), 5.00%, 12/1/32
|
|
$
|
1,270
|
|
|
$
|
1,272,934
|
|
New Jersey Educational Facilities Authority, (Georgian Court University), 5.00%, 7/1/27
|
|
|
250
|
|
|
|
250,848
|
|
New Jersey Educational Facilities Authority, (Georgian Court University), 5.00%, 7/1/33
|
|
|
250
|
|
|
|
236,445
|
|
New Jersey Educational Facilities Authority, (Georgian Court University), 5.25%, 7/1/37
|
|
|
220
|
|
|
|
211,317
|
|
New Jersey Educational Facilities Authority, (Kean University), 5.50%, 9/1/36
|
|
|
1,730
|
|
|
|
1,797,989
|
|
New Jersey Educational Facilities Authority, (Ramapo College), 4.00%, 7/1/27
|
|
|
1,135
|
|
|
|
1,095,127
|
|
New Jersey Educational Facilities Authority, (Ramapo College), 5.00%, 7/1/37
|
|
|
640
|
|
|
|
641,318
|
|
New Jersey Educational Facilities Authority, (Stevens Institute of Technology), 5.00%, 7/1/27
|
|
|
1,650
|
|
|
|
1,655,593
|
|
New Jersey Educational Facilities Authority, (University of Medicine and Dentistry), 7.50%, 12/1/32
|
|
|
965
|
|
|
|
1,258,157
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|
New Jersey Institute of Technology, 5.00%, 7/1/42
|
|
|
1,295
|
|
|
|
1,295,829
|
|
Rutgers State University, 5.00%, 5/1/33
|
|
|
1,000
|
|
|
|
1,034,820
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|
Rutgers State University, 5.00%, 5/1/39
(1)
|
|
|
3,150
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|
3,209,535
|
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|
|
|
|
|
|
|
|
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|
|
|
|
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|
$
|
13,959,912
|
|
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|
|
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|
Electric Utilities 2.0%
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|
Puerto Rico Electric Power Authority, 5.00%, 7/1/29
|
|
$
|
500
|
|
|
$
|
368,395
|
|
Puerto Rico Electric Power Authority, 5.25%, 7/1/27
|
|
|
1,000
|
|
|
|
780,690
|
|
|
|
|
|
|
|
|
|
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|
|
|
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|
$
|
1,149,085
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General Obligations 14.6%
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Burlington County Bridge Commission, 4.00%, 8/15/23
|
|
$
|
320
|
|
|
$
|
331,430
|
|
Monmouth County Improvement Authority, 5.00%, 1/15/28
|
|
|
1,850
|
|
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|
1,985,383
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|
Monmouth County Improvement Authority, 5.00%, 1/15/30
|
|
|
1,795
|
|
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|
1,914,493
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|
Monmouth County Improvement Authority, 5.00%, 8/1/33
|
|
|
500
|
|
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|
525,530
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|
Monroe Township Board of Education, Middlesex County, 4.00%, 8/1/24
|
|
|
2,500
|
|
|
|
2,567,475
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|
Tenafly Board of Education, 4.00%, 7/15/27
|
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|
1,235
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|
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|
1,215,475
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|
|
|
|
|
|
|
|
|
|
|
|
|
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|
$
|
8,539,786
|
|
|
|
|
|
|
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|
Hospital 25.1%
|
|
|
|
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|
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|
Camden County Improvement Authority, (Cooper Health System), 5.00%, 2/15/35
|
|
$
|
85
|
|
|
$
|
77,733
|
|
Camden County Improvement Authority, (Cooper Health System), 5.75%, 2/15/34
|
|
|
1,335
|
|
|
|
1,335,641
|
|
Camden County Improvement Authority, (Cooper Health System), 5.75%, 2/15/42
|
|
|
650
|
|
|
|
616,493
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|
New Jersey Health Care Facilities Financing Authority, (AHS Hospital Corp.), 5.00%, 7/1/27
|
|
|
2,290
|
|
|
|
2,322,724
|
|
New Jersey Health Care Facilities Financing Authority, (Atlanticare Regional Medical Center), 5.00%, 7/1/37
|
|
|
2,090
|
|
|
|
2,107,619
|
|
New Jersey Health Care Facilities Financing Authority, (Chilton Memorial Hospital), 5.75%, 7/1/39
|
|
|
1,415
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|
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|
1,440,456
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|
New Jersey Health Care Facilities Financing Authority, (Meridian Health System), 5.00%, 7/1/21
|
|
|
645
|
|
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|
713,118
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|
New Jersey Health Care Facilities Financing Authority, (Meridian Health System), 5.00%, 7/1/26
|
|
|
355
|
|
|
|
367,936
|
|
New Jersey Health Care Facilities Financing Authority, (Palisades Medical Center), 5.25%, 7/1/31
|
|
|
250
|
|
|
|
232,853
|
|
New Jersey Health Care Facilities Financing Authority, (Robert Wood Johnson University Hospital),
5.00%, 7/1/31
|
|
|
2,055
|
|
|
|
2,056,521
|
|
New Jersey Health Care Facilities Financing Authority, (South Jersey Hospital), 5.00%, 7/1/46
|
|
|
2,440
|
|
|
|
2,317,414
|
|
1
|
|
|
|
|
|
|
|
|
Security
|
|
Principal
Amount
(000s omitted)
|
|
|
Value
|
|
New Jersey Health Care Facilities Financing Authority, (Virtua Health), 5.75%, 7/1/33
|
|
$
|
1,075
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|
$
|
1,111,722
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$
|
14,700,230
|
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|
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Housing 3.2%
|
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|
New Jersey Housing and Mortgage Finance Agency, (Single Family Housing),
(AMT), 4.70%, 10/1/37
|
|
$
|
620
|
|
|
$
|
584,983
|
|
New Jersey Housing and Mortgage Finance Agency, (Single Family Housing),
(AMT), 5.00%, 10/1/37
|
|
|
1,315
|
|
|
|
1,284,347
|
|
|
|
|
|
|
|
|
|
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$
|
1,869,330
|
|
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|
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|
|
|
|
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|
Industrial Development Revenue 5.8%
|
|
|
|
|
|
|
|
|
New Jersey Economic Development Authority, (Continental Airlines), (AMT),
5.125%, 9/15/23
|
|
$
|
50
|
|
|
$
|
46,025
|
|
New Jersey Economic Development Authority, (Continental Airlines), (AMT),
5.25%, 9/15/29
|
|
|
135
|
|
|
|
120,814
|
|
New Jersey Economic Development Authority, (Continental Airlines), (AMT),
5.50%, 6/1/33
|
|
|
750
|
|
|
|
667,147
|
|
New Jersey Economic Development Authority, (New Jersey-American Water Co., Inc.),
(AMT), 5.10%, 6/1/23
|
|
|
220
|
|
|
|
234,780
|
|
New Jersey Economic Development Authority, (New Jersey-American Water Co., Inc.),
(AMT), 5.70%, 10/1/39
|
|
|
2,235
|
|
|
|
2,320,869
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
3,389,635
|
|
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|
|
|
|
|
|
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|
Insured-Electric Utilities 0.8%
|
|
|
|
|
|
|
|
|
Puerto Rico Electric Power Authority, (NPFG), 5.25%, 7/1/35
|
|
$
|
595
|
|
|
$
|
441,984
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
441,984
|
|
|
|
|
|
|
|
|
|
|
Insured-Gas Utilities 6.1%
|
|
|
|
|
|
|
|
|
New Jersey Economic Development Authority, (New Jersey Natural Gas Co.),
(NPFG), (AMT), 4.90% to 10/1/25 (Put Date),
10/1/40
|
|
$
|
3,540
|
|
|
$
|
3,591,719
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
3,591,719
|
|
|
|
|
|
|
|
|
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|
Insured-General Obligations 5.4%
|
|
|
|
|
|
|
|
|
Hudson County Improvement Authority, (Harrison Parking), (AGC), 5.25%, 1/1/39
|
|
$
|
1,015
|
|
|
$
|
1,039,563
|
|
Lakewood Township, (AGC), 5.75%, 11/1/31
|
|
|
1,240
|
|
|
|
1,325,622
|
|
Paterson, (BAM), 5.00%, 1/15/26
|
|
|
750
|
|
|
|
784,703
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
3,149,888
|
|
|
|
|
|
|
|
|
|
|
Insured-Hospital 5.7%
|
|
|
|
|
|
|
|
|
New Jersey Economic Development Authority, (Hillcrest Health Service System), (AMBAC), 0.00%, 1/1/20
|
|
$
|
100
|
|
|
$
|
77,855
|
|
New Jersey Economic Development Authority, (Hillcrest Health Service System), (AMBAC), 0.00%, 1/1/21
|
|
|
300
|
|
|
|
218,940
|
|
New Jersey Health Care Facilities Financing Authority, (Hackensack University Medical Center), (AGC), 5.25%,
1/1/36
|
|
|
750
|
|
|
|
753,982
|
|
New Jersey Health Care Facilities Financing Authority, (Meridian Health System),
Series II, (AGC), 5.00%,
7/1/38
|
|
|
385
|
|
|
|
384,704
|
|
New Jersey Health Care Facilities Financing Authority, (Meridian Health System),
Series V, (AGC), 5.00%, 7/1/38
(1)
|
|
|
500
|
|
|
|
499,615
|
|
New Jersey Health Care Facilities Financing Authority, (Virtua Health),
(AGC), 5.50%, 7/1/38
|
|
|
1,380
|
|
|
|
1,398,078
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
3,333,174
|
|
|
|
|
|
|
|
|
|
|
Insured-Industrial Development Revenue 3.4%
|
|
|
|
|
|
|
|
|
New Jersey Economic Development Authority, (United Water New Jersey, Inc.), (AMBAC), (AMT), 4.875%, 11/1/25
|
|
$
|
1,940
|
|
|
$
|
1,997,831
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
1,997,831
|
|
|
|
|
|
|
|
|
|
|
2
|
|
|
|
|
|
|
|
|
Security
|
|
Principal
Amount
(000s omitted)
|
|
|
Value
|
|
Insured-Lease Revenue/Certificates of Participation 4.6%
|
|
|
|
|
|
|
|
|
New Jersey Economic Development Authority, (School Facilities Construction),
(AGC), 5.50%, 12/15/34
|
|
$
|
1,500
|
|
|
$
|
1,591,560
|
|
New Jersey Economic Development Authority, (School Facilities Construction),
(NPFG), 5.50%, 9/1/28
|
|
|
1,000
|
|
|
|
1,095,620
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
2,687,180
|
|
|
|
|
|
|
|
|
|
|
Insured-Special Tax Revenue 11.5%
|
|
|
|
|
|
|
|
|
Garden State Preservation Trust, (AGM), 0.00%, 11/1/25
|
|
$
|
5,250
|
|
|
$
|
3,165,120
|
|
New Jersey Economic Development Authority, (Motor Vehicle Surcharges),
(XLCA), 0.00%, 7/1/26
|
|
|
4,300
|
|
|
|
2,339,114
|
|
New Jersey Economic Development Authority, (Motor Vehicle Surcharges),
(XLCA), 0.00%, 7/1/27
|
|
|
2,020
|
|
|
|
1,025,534
|
|
Puerto Rico Sales Tax Financing Corp., (NPFG), 0.00%, 8/1/45
|
|
|
2,020
|
|
|
|
197,192
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
6,726,960
|
|
|
|
|
|
|
|
|
|
|
Insured-Student Loan 3.9%
|
|
|
|
|
|
|
|
|
New Jersey Higher Education Student Assistance Authority, (AGC),
(AMT), 6.125%, 6/1/30
|
|
$
|
2,215
|
|
|
$
|
2,290,664
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
2,290,664
|
|
|
|
|
|
|
|
|
|
|
Insured-Transportation 0.6%
|
|
|
|
|
|
|
|
|
South Jersey Transportation Authority, (AGC), 5.50%, 11/1/33
|
|
$
|
315
|
|
|
$
|
330,920
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
330,920
|
|
|
|
|
|
|
|
|
|
|
Lease Revenue/Certificates of Participation 6.0%
|
|
|
|
|
|
|
|
|
New Jersey Economic Development Authority, (School Facilities Construction),
5.25%, 12/15/33
|
|
$
|
1,500
|
|
|
$
|
1,549,740
|
|
New Jersey Health Care Facilities Financing Authority, (Hospital Asset Transformation Program), 5.25%, 10/1/38
|
|
|
1,700
|
|
|
|
1,705,933
|
|
New Jersey Health Care Facilities Financing Authority, (Hospital Asset Transformation Program), 5.75%, 10/1/31
|
|
|
250
|
|
|
|
275,403
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
3,531,076
|
|
|
|
|
|
|
|
|
|
|
Other Revenue 6.0%
|
|
|
|
|
|
|
|
|
Childrens Trust Fund, PR, Tobacco Settlement, 0.00%, 5/15/55
|
|
$
|
13,280
|
|
|
$
|
324,563
|
|
New Jersey Economic Development Authority, (Duke Farms Foundation), 5.00%, 7/1/48
|
|
|
2,040
|
|
|
|
2,067,153
|
|
New Jersey Economic Development Authority, (The Seeing Eye, Inc.), 5.00%, 6/1/32
|
|
|
500
|
|
|
|
492,785
|
|
Tobacco Settlement Financing Corp., 5.00%, 6/1/41
|
|
|
900
|
|
|
|
611,703
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
3,496,204
|
|
|
|
|
|
|
|
|
|
|
Senior Living/Life Care 4.3%
|
|
|
|
|
|
|
|
|
New Jersey Economic Development Authority, (Cranes Mill, Inc.), 5.875%, 7/1/28
|
|
$
|
465
|
|
|
$
|
466,990
|
|
New Jersey Economic Development Authority, (Cranes Mill, Inc.), 6.00%, 7/1/38
|
|
|
770
|
|
|
|
755,793
|
|
New Jersey Economic Development Authority, (Seabrook Village), 5.25%, 11/15/36
|
|
|
815
|
|
|
|
743,158
|
|
New Jersey Economic Development Authority, (United Methodist Homes of New Jersey), 4.50%, 7/1/38
|
|
|
700
|
|
|
|
575,008
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
2,540,949
|
|
|
|
|
|
|
|
|
|
|
Special Tax Revenue 3.2%
|
|
|
|
|
|
|
|
|
New Jersey Economic Development Authority, (Newark Downtown District
Management Corp.), 5.125%, 6/15/27
|
|
$
|
100
|
|
|
$
|
100,488
|
|
New Jersey Economic Development Authority, (Newark Downtown District
Management Corp.), 5.125%, 6/15/37
|
|
|
175
|
|
|
|
168,583
|
|
Puerto Rico Sales Tax Financing Corp., 5.00%, 8/1/40
|
|
|
750
|
|
|
|
626,032
|
|
Puerto Rico Sales Tax Financing Corp., 5.75%, 8/1/37
|
|
|
500
|
|
|
|
429,965
|
|
Virgin Islands Public Finance Authority, 6.75%, 10/1/37
|
|
|
500
|
|
|
|
546,085
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
1,871,153
|
|
|
|
|
|
|
|
|
|
|
3
|
|
|
|
|
|
|
|
|
Security
|
|
Principal
Amount
(000s omitted)
|
|
|
Value
|
|
Student Loan 5.4%
|
|
|
|
|
|
|
|
|
New Jersey Higher Education Student Assistance Authority,
(AMT), 1.225%, 6/1/36
(1) (2) (3)
|
|
$
|
2,500
|
|
|
$
|
2,514,675
|
|
New Jersey Higher Education Student Assistance Authority, (AMT), 4.75%, 12/1/43
|
|
|
750
|
|
|
|
633,555
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
3,148,230
|
|
|
|
|
|
|
|
|
|
|
Transportation 18.3%
|
|
|
|
|
|
|
|
|
Delaware River Port Authority of Pennsylvania and New Jersey, 5.00%, 1/1/35
|
|
$
|
1,060
|
|
|
$
|
1,078,349
|
|
Delaware River Port Authority of Pennsylvania and New Jersey, 5.00%, 1/1/40
|
|
|
1,080
|
|
|
|
1,089,850
|
|
New Jersey Transportation Trust Fund Authority, (Transportation System),
5.50%, 6/15/31
|
|
|
1,850
|
|
|
|
1,945,497
|
|
New Jersey Transportation Trust Fund Authority, (Transportation System),
5.875%, 12/15/38
|
|
|
250
|
|
|
|
275,067
|
|
New Jersey Transportation Trust Fund Authority, (Transportation System),
6.00%, 12/15/38
|
|
|
530
|
|
|
|
591,899
|
|
New Jersey Turnpike Authority, 5.25%, 1/1/40
|
|
|
3,600
|
|
|
|
3,641,436
|
|
Port Authority of New York and New Jersey, (AMT), 5.75%, 3/15/35
(1)
|
|
|
1,995
|
|
|
|
2,125,253
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
10,747,351
|
|
|
|
|
|
|
|
|
|
|
Water and Sewer 2.2%
|
|
|
|
|
|
|
|
|
North Hudson Sewerage Authority, 5.00%, 6/1/29
|
|
$
|
1,275
|
|
|
$
|
1,302,094
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
1,302,094
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Tax-Exempt Municipal Securities 161.9%
(identified cost $95,259,783)
|
|
|
|
|
|
$
|
94,795,355
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Taxable Municipal Securities 1.5%
|
|
|
|
|
|
|
|
|
Security
|
|
Principal
Amount
(000s omitted)
|
|
|
Value
|
|
Transportation 1.5%
|
|
|
|
|
|
|
|
|
Port Authority of New York and New Jersey, 4.458%, 10/1/62
|
|
$
|
1,000
|
|
|
$
|
865,930
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Taxable Municipal Securities 1.5%
(identified cost $989,048)
|
|
|
|
|
|
$
|
865,930
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Investments 163.4%
(identified cost $96,248,831)
|
|
|
|
|
|
$
|
95,661,285
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Auction Preferred Shares Plus Cumulative Unpaid Dividends (57.1)%
|
|
|
|
|
|
$
|
(33,425,722
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Assets, Less Liabilities (6.3)%
|
|
|
|
|
|
$
|
(3,677,446
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Assets Applicable to Common Shares 100.0%
|
|
|
|
|
|
$
|
58,558,117
|
|
|
|
|
|
|
|
|
|
|
The percentage shown for each investment category in the Portfolio of Investments is based on net assets applicable to
common shares.
4
|
|
|
|
|
|
|
|
AGC
|
|
-
|
|
Assured Guaranty Corp.
|
|
|
|
AGM
|
|
-
|
|
Assured Guaranty Municipal Corp.
|
|
|
|
AMBAC
|
|
-
|
|
AMBAC Financial Group, Inc.
|
|
|
|
AMT
|
|
-
|
|
Interest earned from these securities may be considered a tax preference item for purposes of the Federal Alternative Minimum Tax.
|
|
|
|
BAM
|
|
-
|
|
Build America Mutual Assurance Co.
|
|
|
|
NPFG
|
|
-
|
|
National Public Finance Guaranty Corp.
|
|
|
|
XLCA
|
|
-
|
|
XL Capital Assurance, Inc.
|
The Trust invests primarily in debt securities issued by New Jersey municipalities. The ability of the issuers of the
debt securities to meet their obligations may be affected by economic developments in a specific industry or municipality. In order to reduce the risk associated with such economic developments, at August 31, 2013, 25.7% of total investments
are backed by bond insurance of various financial institutions and financial guaranty assurance agencies. The aggregate percentage insured by an individual financial institution or financial guaranty assurance agency ranged from 0.8% to 10.1% of
total investments.
(1)
|
Security represents the municipal bond held by a trust that issues residual interest bonds.
|
(2)
|
Security (or a portion thereof) has been pledged as collateral for residual interest bond transactions. The aggregate value of such collateral is $514,675
|
(3)
|
Variable rate security. The stated interest rate represents the rate in effect at August 31, 2013.
|
A summary of open financial instruments at August 31, 2013 is as follows:
Futures Contracts
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Expiration
Month/Year
|
|
Contracts
|
|
Position
|
|
Aggregate Cost
|
|
|
Value
|
|
|
Net Unrealized
Depreciation
|
|
12/13
|
|
135 U.S. Long Treasury Bond
|
|
Short
|
|
$
|
(17,789,167
|
)
|
|
$
|
(17,807,344
|
)
|
|
$
|
(18,177
|
)
|
At August 31, 2013, the Trust had sufficient cash and/or securities to cover commitments under these contracts.
The Trust is subject to interest rate risk in the normal course of pursuing its investment objective. Because the Trust holds fixed-rate
bonds, the value of these bonds may decrease if interest rates rise. The Trust purchases and sells U.S. Treasury futures contracts to hedge against changes in interest rates.
At August 31, 2013, the aggregate fair value of open derivative instruments (not considered to be hedging instruments for accounting disclosure purposes) in a liability position and whose primary
underlying risk exposure is interest rate risk was $18,177.
The cost and unrealized appreciation (depreciation) of investments of the Trust
at August 31, 2013, as determined on a federal income tax basis, were as follows:
|
|
|
|
|
Aggregate cost
|
|
$
|
90,397,004
|
|
|
|
|
|
|
Gross unrealized appreciation
|
|
$
|
2,631,796
|
|
Gross unrealized depreciation
|
|
|
(3,247,515
|
)
|
|
|
|
|
|
Net unrealized depreciation
|
|
$
|
(615,719
|
)
|
|
|
|
|
|
5
Under generally accepted accounting principles for fair value measurements, a three-tier hierarchy to
prioritize the assumptions, referred to as inputs, is used in valuation techniques to measure fair value. The three-tier hierarchy of inputs is summarized in the three broad levels listed below.
|
|
Level 1 quoted prices in active markets for identical investments
|
|
|
Level 2 other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk,
etc.)
|
|
|
Level 3 significant unobservable inputs (including a funds own assumptions in determining the fair value of investments)
|
In cases where the inputs used to measure fair value fall in different levels of the fair value hierarchy, the level
disclosed is determined based on the lowest level input that is significant to the fair value measurement in its entirety. The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing
in those securities.
At August 31, 2013, the hierarchy of inputs used in valuing the Trusts investments and open derivative
instruments, which are carried at value, were as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Asset Description
|
|
Level 1
|
|
|
Level 2
|
|
|
Level 3
|
|
|
Total
|
|
Tax-Exempt Municipal Securities
|
|
$
|
|
|
|
$
|
94,795,355
|
|
|
$
|
|
|
|
$
|
94,795,355
|
|
Taxable Municipal Securities
|
|
|
|
|
|
|
865,930
|
|
|
|
|
|
|
|
865,930
|
|
Total Investments
|
|
$
|
|
|
|
$
|
95,661,285
|
|
|
$
|
|
|
|
$
|
95,661,285
|
|
|
|
|
|
|
Liability Description
|
|
|
|
|
|
|
|
|
|
|
|
|
Futures Contracts
|
|
$
|
(18,177
|
)
|
|
$
|
|
|
|
$
|
|
|
|
$
|
(18,177
|
)
|
Total
|
|
$
|
(18,177
|
)
|
|
$
|
|
|
|
$
|
|
|
|
$
|
(18,177
|
)
|
The Trust held no investments or other financial instruments as of November 30, 2012 whose fair value was determined
using Level 3 inputs. At August 31, 2013, there were no investments transferred between Level 1 and Level 2 during the fiscal year to date then ended.
For information on the Trusts policy regarding the valuation of investments and other significant accounting policies, please refer to the Trusts most recent financial statements included in
its semiannual or annual report to shareholders.
6
Item 2. Controls and Procedures
(a) It is the conclusion of the registrants principal executive officer and principal financial officer that the effectiveness of the registrants current disclosure controls and procedures
(such disclosure controls and procedures having been evaluated within 90 days of the date of this filing) provide reasonable assurance that the information required to be disclosed by the registrant on this
Form N-Q has been recorded, processed,
summarized and reported within the time period specified in the Commissions rules and forms and that the information required to be disclosed by the registrant on this Form N-Q has been accumulated and communicated to the registrants
principal executive officer and principal financial officer in order to allow timely decisions regarding required disclosure.
(b) There have
been no changes in the registrants internal controls over financial reporting during the fiscal quarter for which the report is being filed that have materially affected, or are reasonably likely to materially affect the registrants
internal control over financial reporting.
Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.
Eaton Vance New Jersey Municipal Income Trust
|
|
|
|
|
By:
|
|
/s/ Thomas M. Metzold
|
|
|
Thomas M. Metzold
|
|
|
President
|
|
|
Date:
|
|
October 25, 2013
|
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report
has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
|
|
|
|
|
By:
|
|
/s/ Thomas M. Metzold
|
|
|
Thomas M. Metzold
|
|
|
President
|
|
|
Date:
|
|
October 25, 2013
|
|
|
|
|
|
By:
|
|
/s/ James F. Kirchner
|
|
|
James F. Kirchner
|
|
|
Treasurer
|
|
|
Date:
|
|
October 25, 2013
|
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