- 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 12.9% 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 12.94% so far this year and 26.23% over the past 12 months.
Nuveen Multi-Asset Income Fund
- 1D
- -0.49%
- 1M
- 2.63%
- YTD
- 12.94%
- 6M
- 12.57%
- 1Y
- 26.23%
- 3Y*
- 20.65%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.13%
- 1M
- 5.25%
- YTD
- 11.16%
- 6M
- 11.43%
- 1Y
- 28.20%
- 3Y*
- 21.12%
- 5Y*
- 12.66%
- 10Y*
- 13.75%
NMAI Monthly Returns History
Based on dividend-adjusted daily data since Nov 22, 2021, NMAI's average daily return is +0.03%, while the average monthly return is +0.64%. At this rate, an investment would double in approximately 9.1 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% | -0.63% | 12.94% | ||||||
| 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 | -7.91% | 6.72% | -1.71% |
Benchmark Metrics
Nuveen Multi-Asset Income Fund has an annualized alpha of -0.90%, beta of 0.67, and R2 of 0.50 versus S&P 500 Index. Calculated based on daily prices since November 23, 2021.
- This fund participated in 114.53% of S&P 500 Index downside but only 94.86% 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
- -0.90%
- Beta
- 0.67
- R²
- 0.50
- Upside Capture
- 94.86%
- Downside Capture
- 114.53%
Expense Ratio
NMAI has a high expense ratio of 2.91%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
NMAI ranks 45 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.
| NMAI | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.10 | 2.39 | -0.29 |
Sortino ratioReturn per unit of downside risk | 2.81 | 3.25 | -0.45 |
Omega ratioGain probability vs. loss probability | 1.39 | 1.43 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 2.22 | 3.11 | -0.89 |
Martin ratioReturn relative to average drawdown | 9.57 | 14.38 | -4.81 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
Nuveen Multi-Asset Income Fund provided a 10.29% dividend yield over the last twelve months, with an annual payout of $1.45 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Dividend | $1.45 | $1.29 | $1.65 | $1.30 | $2.23 | $0.35 |
Dividend yield | 10.29% | 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 | $0.00 | $0.58 | ||||||
| 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 35.61%, occurring on Sep 30, 2022. Recovery took 477 trading sessions.
The current Nuveen Multi-Asset Income Fund drawdown is 0.77%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -35.61%Sep 2022 | 8mo 14d | 1y 11mo | 2y 7moJan 2022 - Aug 2024 |
2025 selloff2025 | -13.05%Apr 2025 | 6mo 15d | 1mo 9d | 7mo 24dSep 2024 - May 2025 |
2026 correction2026 | -11.88%Mar 2026 | 28d | 15d | 1mo 13dMar 2026 - Apr 2026 |
2021 pullback2021 | -8.09%Dec 2021 | 27d | 25d | 1mo 22dNov 2021 - Jan 2022 |
2025 pullback2025 | -4.02%Nov 2025 | 7d | 11d | 18dNov 2025 - Dec 2025 |
Drawdown Indicators
| NMAI | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.61% | -56.78% | +21.17% |
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 | -0.77% | 0.00% | -0.77% |
Average DrawdownAverage peak-to-trough decline | -12.56% | -10.72% | -1.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.75% | 1.97% | +0.78% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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