Key Details
Price
$12.85Last Dividend
$0.42Annual ROE
11.93%Beta
0.54Events Calendar
Next earnings date:
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Sept 13, 2024Next split:
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Market Data
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The Nuveen Multi-Asset Income Fund has a high yield of 13.33%, but the market seems to think that the fund may struggle to sustain it. The fund's historical performance has been disappointing, with shares down 37.98% since inception. The fund's asset allocation is heavily weighted towards bonds, which may be a disadvantage given the current market conditions.
Nuveen Multi-Asset Income Fund has underperformed its benchmark and most asset classes since its inception in November 2021. The fund's performance has been disappointing, and it remains to be seen if it can recover and avoid distribution cuts. NMAI's allocation is diversified, with a focus on equities and debt securities globally. It has overweight exposure to real estate and utilities and underweight exposure to technology and financials.
NMAI is an interesting fund that invests in a broad range of assets, with a policy to invest even more dynamically when possible. NMAI underperformed in 2022. Its investment performance since inception on November 22, 2021, has been dismal, too, with a 46 percent price decline.
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