- ISIN
- US6707501085
- CUSIP
- 670750108
- Issuer
- Nuveen
- Inception Date
- Nov 22, 2021
- Category
- Global Allocation
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Multi-Asset
Share Price Chart
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Performance
NMAI Performance Chart
Nuveen Multi-Asset Income Fund (NMAI) is up 10.8% since the beginning of the year. NMAI is currently trading at $14 per share.
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Returns By Period
Nuveen Multi-Asset Income Fund (NMAI) has returned 10.82% so far this year and 24.41% over the past 12 months.
Nuveen Multi-Asset Income Fund
- 1D
- -1.44%
- 1M
- -0.82%
- YTD
- 10.82%
- 6M
- 11.68%
- 1Y
- 24.41%
- 3Y*
- 19.11%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -1.44%
- 1M
- -1.45%
- YTD
- 7.60%
- 6M
- 6.59%
- 1Y
- 22.24%
- 3Y*
- 19.20%
- 5Y*
- 11.54%
- 10Y*
- 13.71%
NMAI Monthly Returns History
Based on dividend-adjusted daily data since Nov 22, 2021, NMAI's average daily return is +0.02%, while the average monthly return is +0.55%. At this rate, an investment would double in approximately 10.5 years.
Historically, 57% of months were positive and 43% were negative. The best month was Apr 2026 with a return of +12.9%, while the worst month was Sep 2022 at -13.9%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 3 months.
On a daily basis, NMAI closed higher 53% of trading days. The best single day was Apr 9, 2025 with a return of +6.4%, while the worst single day was Apr 4, 2025 at -5.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.74% | 2.86% | -9.39% | 12.89% | 3.14% | -2.49% | 10.82% | ||||||
| 2025 | 3.24% | 1.13% | -1.01% | -0.67% | 3.69% | 3.06% | 0.78% | 1.40% | 3.61% | 3.08% | 0.66% | -0.40% | 20.03% |
| 2024 | -1.38% | -0.33% | 6.30% | -5.31% | 3.48% | 4.84% | 6.96% | 2.04% | 1.22% | -4.84% | 1.75% | -2.76% | 11.65% |
| 2023 | 10.62% | -4.33% | -2.60% | 2.17% | -3.56% | 5.24% | 3.73% | -2.27% | -3.47% | -3.60% | 8.86% | 8.89% | 19.52% |
| 2022 | -4.66% | -7.99% | 1.30% | -10.68% | 4.35% | -10.32% | 4.17% | -1.24% | -13.85% | 6.08% | 10.07% | -4.23% | -26.38% |
| 2021 | -10.90% | 6.72% | -4.91% |
Benchmark Metrics
Nuveen Multi-Asset Income Fund has an annualized alpha of -1.50%, beta of 0.67, and R2 of 0.50 versus S&P 500 Index. Calculated based on daily prices since November 22, 2021.
- This fund participated in 116.23% of S&P 500 Index downside but only 95.78% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.67 may look defensive, but with R2 of 0.50 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.50 means the benchmark explains less than half of this fund's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- -1.50%
- Beta
- 0.67
- R²
- 0.50
- Upside Capture
- 95.78%
- Downside Capture
- 116.23%
Expense Ratio
NMAI has a high expense ratio of 2.91%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
NMAI ranks 43 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Nuveen Multi-Asset Income Fund (NMAI) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| NMAI | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.09 | ||
| Sortino ratioReturn per unit of downside risk | +0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.32 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.06 | 2.46 | -0.39 |
| Martin ratioReturn relative to average drawdown | 8.67 | 10.92 | -2.24 |
Dividends
Dividend History
Nuveen Multi-Asset Income Fund provided a 10.50% dividend yield over the last twelve months, with an annual payout of $1.44 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Dividend | $1.44 | $1.29 | $1.65 | $1.30 | $2.23 | $0.35 |
Dividend yield | 10.50% | 9.89% | 13.73% | 10.57% | 19.45% | 1.88% |
Monthly Dividends
The table displays the monthly dividend distributions for Nuveen Multi-Asset Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.70 | ||||||
| 2025 | $0.00 | $0.00 | $0.42 | $0.00 | $0.00 | $0.13 | $0.13 | $0.13 | $0.13 | $0.13 | $0.13 | $0.12 | $1.29 |
| 2024 | $0.00 | $0.00 | $0.40 | $0.00 | $0.00 | $0.42 | $0.00 | $0.00 | $0.42 | $0.00 | $0.00 | $0.42 | $1.65 |
| 2023 | $0.00 | $0.00 | $0.30 | $0.00 | $0.00 | $0.30 | $0.00 | $0.00 | $0.30 | $0.00 | $0.00 | $0.40 | $1.30 |
| 2022 | $0.00 | $0.00 | $0.35 | $0.00 | $0.00 | $0.35 | $0.00 | $0.00 | $0.35 | $0.83 | $0.00 | $0.35 | $2.23 |
| 2021 | $0.35 | $0.35 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Nuveen Multi-Asset Income Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Nuveen Multi-Asset Income Fund was 37.40%, occurring on Sep 30, 2022. Recovery took 668 trading sessions.
The current Nuveen Multi-Asset Income Fund drawdown is 2.63%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -37.40%Sep 2022 | 10mo 12d | 2y 8mo | 3y 6moNov 2021 - Jun 2025 |
2026 correction2026 | -11.88%Mar 2026 | 28d | 15d | 1mo 13dMar 2026 - Apr 2026 |
2026 pullback2026 | -4.99%Jun 2026 | 23d | — | 1mo 7dMay 2026 - now |
2025 pullback2025 | -4.02%Nov 2025 | 7d | 11d | 18dNov 2025 - Dec 2025 |
2025 pullback2025 | -3.49%Dec 2025 | 9d | 23d | 1mo 2dDec 2025 - Jan 2026 |
Drawdown Indicators
| NMAI | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.40% | -56.78% | +19.38% |
Max Drawdown (1Y)Largest decline over 1 year | -11.88% | -9.10% | -2.78% |
Max Drawdown (3Y)Largest decline over 3 years | -13.05% | -18.90% | +5.85% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -2.63% | -3.21% | +0.58% |
Average DrawdownAverage peak-to-trough decline | -13.93% | -10.71% | -3.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.82% | 2.04% | +0.78% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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