Nuveen Multi-Market Income Fund (JMM) belongs to the Multisector Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with JMM. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to JMM
JMM charges 0.04% annually. There are 2 mutual funds in the Multisector Bonds category with lower expense ratios, going as low as 0.02%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Eaton Vance Short Duration Diversified Income Fund | 0.02% | — | Feb 2005 | JMM vs EVG | |
| MFS Multimarket Income Trust | 0.03% | — | Mar 1987 | JMM vs MMT | |
| KKR Income Opportunities Fund | 0.04% | — | Jul 2013 | JMM vs KIO | |
| Doubleline Selective Credit Fund | 0.05% | — | Aug 2014 | JMM vs DBSCX | |
| Vanguard Multi-Sector Income Bond Fund Admiral Sha... | 0.30% | — | Oct 2021 | JMM vs VMSAX |
Best Risk-Adjusted Alternatives to JMM
JMM has a PortfoliosLab risk / return rank of 2. There are 96 mutual funds in the Multisector Bonds category with higher risk-adjusted ranks, going as high as 99.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Nationwide Amundi Strategic Income Fund | 99 | — | Nov 2015 | JMM vs NWXHX | |
| Nationwide Strategic Income A | 99 | — | Nov 2015 | JMM vs NWXEX | |
| Boyd Watterson Limited Duration Enhanced Income Fu... | 98 | — | Jul 2016 | JMM vs BWDTX | |
| CrossingBridge Low Duration High Yield Fund | 97 | — | Jan 2018 | JMM vs CBLDX | |
| Intrepid Income Fund | 97 | — | Jul 2007 | JMM vs ICMUX |
Top Performing JMM Alternatives (YTD)
JMM is at -1.27% YTD. There are 94 mutual funds in the Multisector Bonds category with higher YTD returns, going as high as 5.21%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| abrdn Income Credit Strategies Fund | 5.21% | — | Jan 2011 | JMM vs ACP | |
| Saba Capital Income & Opportunities Fund | 5.04% | — | Dec 1987 | JMM vs BRW | |
| KKR Income Opportunities Fund | 3.14% | — | Jul 2013 | JMM vs KIO | |
| Brookfield Real Assets Income Fund Inc. | 3.13% | — | — | JMM vs RA | |
| BrandywineGLOBAL - Flexible Bond Fund | 2.71% | — | May 2016 | JMM vs LFLIX |
Lowest Volatility Alternatives to JMM
JMM has 11.84% 1-year volatility. There are 96 mutual funds in the Multisector Bonds category with lower 1-year volatility, going as low as 1.16%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Nationwide Amundi Strategic Income Fund | 1.16% | — | Nov 2015 | JMM vs NWXHX | |
| Nationwide Strategic Income A | 1.21% | — | Nov 2015 | JMM vs NWXEX | |
| Boyd Watterson Limited Duration Enhanced Income Fu... | 1.29% | — | Jul 2016 | JMM vs BWDTX | |
| CrossingBridge Low Duration High Yield Fund | 1.39% | — | Jan 2018 | JMM vs CBLDX | |
| Rational Special Situations Income Fund | 1.41% | — | Jul 2019 | JMM vs RFXIX |
Lowest Drawdown Alternatives to JMM
JMM has a 1-year max drawdown of -8.28%. There are 88 mutual funds in the Multisector Bonds category with shallower 1-year drawdowns, going as shallow as -0.41%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Nationwide Amundi Strategic Income Fund | -0.41% | — | Nov 2015 | JMM vs NWXHX | |
| Nationwide Strategic Income A | -0.43% | — | Nov 2015 | JMM vs NWXEX | |
| Rational Special Situations Income Fund | -0.72% | — | Jul 2019 | JMM vs RFXIX | |
| CrossingBridge Low Duration High Yield Fund | -0.73% | — | Jan 2018 | JMM vs CBLDX | |
| Boyd Watterson Limited Duration Enhanced Income Fu... | -1.00% | — | Jul 2016 | JMM vs BWDTX |
Other Mutual Funds from Nuveen
The 10 most viewed Nuveen mutual funds shown here include QQQX, SPXX, NHMRX and span 8 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Nuveen NASDAQ 100 Dynamic Overwrite Fund | Large Cap Growth Equities | 78 | 13.61% | — | Jan 2007 | JMM vs QQQX | |
| Nuveen S&P 500 Dynamic Overwrite Fund | S&P 500 | 17 | 4.38% | — | Nov 2005 | JMM vs SPXX | |
| Nuveen High Yield Municipal Bond Fund | High Yield Muni | 52 | 2.90% | — | Jun 1999 | JMM vs NHMRX | |
| Nuveen Credit Strategies Income Fund | Bank Loan | 4 | 1.57% | — | Jun 2003 | JMM vs JQC | |
| Nuveen Dividend Growth Fund | Large Cap Blend Equities | 18 | 3.11% | — | Mar 2006 | JMM vs NSBRX | |
| Nuveen Preferred Securities & Income Fund | Preferred Stock/Convertible Bonds | 79 | 0.72% | — | Dec 2006 | JMM vs NPSRX | |
| Nuveen Preferred and Income Opportunities Fund | Preferred Stock/Convertible Bonds | 11 | 0.76% | — | Mar 2003 | JMM vs JPC | |
| Nuveen Mid Cap Value Fund | Mid Cap Value Equities | 64 | 15.64% | — | Dec 1987 | JMM vs FASEX | |
| Nuveen Short Duration High Yield Municipal Bond Fu... | High Yield Muni | 57 | 1.82% | — | Jan 2013 | JMM vs NVHIX | |
| Nuveen Winslow Large-Cap Growth ESG Fund Class I | Large Cap Growth Equities, ESG | 19 | 9.30% | — | May 2009 | JMM vs NVLIX |
Often Compared With JMM
Investors most often compare JMM with TSI, TQPAX, PPT. These 16 comparison targets span 3 categories, based on PortfoliosLab usage data.
Compare JMM with Any Fund or Stock
Compare JMM with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair JMM with funds that move differently
Nuveen Multi-Market Income Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to JMM.
Explore JMM Diversifiers