Nuveen Multi-Asset Income Fund

NMAI

Market cap $442M

CHICAGO--(BUSINESS WIRE)--Effective immediately, portfolio manager responsibilities for Nuveen Multi-Asset Income Fund (NYSE: NMAI) have changed. Mark Zheng, James Kim, and John Tribolet are taking over portfolio management responsibilities for the fund. Nathan Shetty and Anurag Dugar are no longer portfolio managers of the fund. There will be no impact to the fund's strategy, investment objective, or policies. The following provides information about each new portfolio manager's experience. Ma.

Nuveen Multi-Asset Income Fund offers high income and broad diversification but struggles with consistent earnings and NAV growth. NMAI currently yields 11.4% with monthly distributions, yet its payout sustainability relies on variable net realized gains rather than steady income. The fund trades at a smaller discount to NAV than its historical average, making it less attractive for new accumulation at this time.

NMAI offers diversified exposure to global equities and debt, aiming for total return and high income with a forward yield near 12%. The fund employs leverage and active asset allocation, but lacks fixed targets between equities and bonds, increasing portfolio management complexity and risk. NMAI's expense ratio is competitive for CEFs, but it has historically underperformed similar funds that charge lower fees.

Nuveen Multi-Asset Income Fund offers a high 12.1% yield and monthly payouts, appealing to income-focused investors, but struggles with NAV preservation and long-term total return. The fund's diverse blend of equities and debt provides steady income, but underperforms major indexes and faces heightened risk from below-investment-grade holdings. NMAI trades at a 9% discount to NAV, reflecting investor concerns over capital deterioration and the fund's reliance on net realized gains for distributions.

We've got a rare “delayed reaction” income play on our hands right now. Thanks to the April stock-market plunge, we can now pick up 12%+ dividends at attractive discounts.

NEW YORK--(BUSINESS WIRE)--Several Nuveen closed-end funds have declared distributions. These funds represent investment strategies for investors seeking diversified sources of cash flow to prepare for and sustain their retirement income needs. For further information regarding fund distributions, including earnings, undistributed net investment income, and notices, please visit www.nuveen.com/cef. Shareholders can expect regular distribution information to be posted on www.nuveen.com on the fi.

The Nuveen Multi-Asset Income Fund offers a high 13.78% yield, making it attractive for income-focused investors seeking substantial income from their portfolios. The NMAI closed-end fund's dynamic strategy of investing in both equities and bonds provides better inflation protection and flexibility compared to traditional fixed-income funds. Despite recent market concerns and potential recession risks, the fund has outperformed major indices, delivering a 5.79% total return over three months.

Closed-end funds offer unique opportunities due to their discount/premium mechanisms, allowing share prices to deviate from net asset value per share in a wild manner. In general, CEFs often provide diverse exposure across equity and fixed-income portfolios, and they even offer exposure to hybrid portfolios, but also allowing for sector-specific exposure. One important note is that not all premiums or discounts indicate a buying or selling opportunity; instead, it can make more sense to examine relative value over historical periods.

The Nuveen Multi-Asset Income Fund offers a high yield of 13.94%, making it attractive for income-focused investors despite recent underperformance. The fund's dynamic investment strategy allows flexibility across global equities and fixed-income securities, aiming for a high total return. Slightly less than half the portfolio is invested in equities, which is lower than I would like given the resurgence of inflation.

Nuveen Multi-Asset Income Fund (NMAI) is a 60/40 CEF with leverage, showing impressive results and a recent dividend increase. NMAI has a unique composition with a focus on REITs and emerging markets, and a high distribution rate. The distribution rate is not supported however, with the CEF utilizing a very high amount of ROC in its most recent fiscal year.