Nuveen Multi-Asset Income Fund (NMAI) belongs to the Global Allocation category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with NMAI. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to NMAI
NMAI charges 2.91% annually. There are 76 mutual funds in the Global Allocation category with lower expense ratios, going as low as 0.02%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| GMO Implementation Fund | 0.02% | — | Feb 2012 | NMAI vs GIMFX | |
| Goldman Sachs Growth Strategy Portfolio | 0.19% | — | Jan 1998 | NMAI vs GGSIX | |
| Voya Global Perspectives Portfolio | 0.20% | — | Apr 2013 | NMAI vs IPIRX | |
| MH Elite Select Portfolio of Funds Fund | 0.21% | — | Apr 2006 | NMAI vs MHESX | |
| Janus Henderson Global Allocation Fund - Moderate | 0.25% | — | Dec 2005 | NMAI vs JNSMX |
Best Risk-Adjusted Alternatives to NMAI
NMAI has a PortfoliosLab risk / return rank of 68. There are 50 mutual funds in the Global Allocation category with higher risk-adjusted ranks, going as high as 98.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Thornburg Investment Income Builder Fund Class A | 98 | — | Dec 2002 | NMAI vs TIBAX | |
| GMO Benchmark-Free Fund | 97 | — | Jun 2011 | NMAI vs GBFFX | |
| GMO Benchmark-Free Allocation Fund | 97 | — | Jul 2003 | NMAI vs GBMFX | |
| GMO Implementation Fund | 97 | — | Feb 2012 | NMAI vs GIMFX | |
| Principal Diversified Select Real Asset Fund | 97 | — | Jul 2019 | NMAI vs PDSYX |
Top Performing NMAI Alternatives (YTD)
NMAI is at 15.48% YTD. There are 4 mutual funds in the Global Allocation category with higher YTD returns, going as high as 18.81%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Calamos Global Dynamic Income Fund | 18.81% | — | Jun 2007 | NMAI vs CHW | |
| Thornburg Investment Income Builder Fund Class A | 18.52% | — | Dec 2002 | NMAI vs TIBAX | |
| Calamos Global Total Return Fund | 17.70% | — | Oct 2005 | NMAI vs CGO | |
| Wilmington Real Asset Fund | 15.90% | — | Jun 2003 | NMAI vs WMRIX | |
| GMO Implementation Fund | 15.13% | — | Feb 2012 | NMAI vs GIMFX |
Lowest Volatility Alternatives to NMAI
NMAI has 13.79% 1-year volatility. There are 73 mutual funds in the Global Allocation category with lower 1-year volatility, going as low as 3.03%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Principal Diversified Select Real Asset Fund | 3.03% | — | Jul 2019 | NMAI vs PDSYX | |
| PFG BNY Mellon Diversifier Strategy Fund | 4.43% | — | Dec 2017 | NMAI vs PFADX | |
| LoCorr Macro Strategies Fund Class I | 5.77% | — | Mar 2011 | NMAI vs LFMIX | |
| Nuveen Real Asset Income Fund | 5.80% | — | Sep 2011 | NMAI vs NRIIX | |
| Pioneer Multi-Asset Income Fund | 5.96% | — | Dec 2011 | NMAI vs PMFYX |
Lowest Drawdown Alternatives to NMAI
NMAI has a 1-year max drawdown of -11.88%. There are 74 mutual funds in the Global Allocation category with shallower 1-year drawdowns, going as shallow as -1.98%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Principal Diversified Select Real Asset Fund | -1.98% | — | Jul 2019 | NMAI vs PDSYX | |
| LoCorr Macro Strategies Fund Class I | -3.48% | — | Mar 2011 | NMAI vs LFMIX | |
| PFG BNY Mellon Diversifier Strategy Fund | -3.63% | — | Dec 2017 | NMAI vs PFADX | |
| Pioneer Multi-Asset Income Fund | -4.08% | — | Dec 2011 | NMAI vs PMFYX | |
| Morningstar Global Income Fund | -4.38% | — | Nov 2018 | NMAI vs MSTGX |
Other Mutual Funds from Nuveen
The 10 most viewed Nuveen mutual funds shown here include TIEIX, QQQX, TILIX and span 11 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Nuveen Equity Index Fund Class I | Large Cap Blend Equities | 75 | 12.01% | — | Jul 1999 | NMAI vs TIEIX | |
| Nuveen Nasdaq 100 Dynamic Overwrite Fund | Derivative Income, Options Trading, Nasdaq-100, Large Cap Growth Equities, Actively Managed | 64 | 12.49% | — | Jan 2007 | NMAI vs QQQX | |
| Nuveen Large Cap Growth Index Fund R6 Class | Large Cap Growth Equities | 17 | 2.65% | — | Oct 2002 | NMAI vs TILIX | |
| Nuveen S&P 500 Dynamic Overwrite Fund | S&P 500 | 30 | 9.75% | — | Nov 2005 | NMAI vs SPXX | |
| Nuveen Credit Strategies Income Fund | Bank Loan | 3 | 2.40% | — | Jun 2003 | NMAI vs JQC | |
| Nuveen High Yield Municipal Bond Fund | High Yield Muni | 82 | 2.06% | — | Jun 1999 | NMAI vs NHMRX | |
| Nuveen Preferred Securities & Income Fund | Preferred Stock | 71 | 1.12% | — | Dec 2006 | NMAI vs NPSRX | |
| Nuveen Dividend Growth Fund | Large Cap Blend Equities | 33 | 6.10% | — | Mar 2006 | NMAI vs NSBRX | |
| Nuveen Flexible Income Fund | Diversified Portfolio | 96 | 5.70% | — | Dec 2009 | NMAI vs NWQIX | |
| Nuveen Short Duration High Yield Municipal Bond Fu... | High Yield Muni | 88 | 1.83% | — | Jan 2013 | NMAI vs NVHIX |
Often Compared With NMAI
Investors most often compare NMAI with EOS, EXG, ECAT. These 20 comparison targets span 9 categories, based on PortfoliosLab usage data.
Compare NMAI with Any Fund or Stock
Compare NMAI with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair NMAI with funds that move differently
Nuveen Multi-Asset Income Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to NMAI.
Explore NMAI Diversifiers