NMAI Alternatives & Similar Mutual Funds

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 74 mutual funds in the Global Allocation category with lower expense ratios, going as low as 0.02%.

Symbol	Name	Expense Ratio	AUM	Inception
GIMFX	GMO Implementation Fund	0.02%	—	Feb 2012	NMAI vs GIMFX
GGSIX	Goldman Sachs Growth Strategy Portfolio	0.19%	—	Jan 1998	NMAI vs GGSIX
IPIRX	Voya Global Perspectives Portfolio	0.20%	—	Apr 2013	NMAI vs IPIRX
MHESX	MH Elite Select Portfolio of Funds Fund	0.21%	—	Apr 2006	NMAI vs MHESX
JNSMX	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 30 mutual funds in the Global Allocation category with higher risk-adjusted ranks, going as high as 97.

Symbol	Name	Risk / Return Rank	AUM	Inception
TIBAX	Thornburg Investment Income Builder Fund	97	—	Dec 2002	NMAI vs TIBAX
GBFFX	GMO Benchmark-Free Fund	95	—	Jun 2011	NMAI vs GBFFX
PDSYX	Principal Diversified Select Real Asset Fund	95	—	Jul 2019	NMAI vs PDSYX
GIMFX	GMO Implementation Fund	95	—	Feb 2012	NMAI vs GIMFX
GBMFX	GMO Benchmark-Free Allocation Fund	95	—	Jul 2003	NMAI vs GBMFX

Top Performing NMAI Alternatives (YTD)

NMAI is at 14.86% YTD. There are 3 mutual funds in the Global Allocation category with higher YTD returns, going as high as 22.73%.

Symbol	Name	YTD Return	AUM	Inception
CHW	Calamos Global Dynamic Income Fund	22.73%	—	Jun 2007	NMAI vs CHW
CGO	Calamos Global Total Return Fund	21.26%	—	Oct 2005	NMAI vs CGO
TIBAX	Thornburg Investment Income Builder Fund	16.02%	—	Dec 2002	NMAI vs TIBAX
WMRIX	Wilmington Real Asset Fund	14.45%	—	Jun 2003	NMAI vs WMRIX
CVLOX	Calamos Global Opportunities Fund	14.37%	—	Sep 1996	NMAI vs CVLOX

Lowest Volatility Alternatives to NMAI

NMAI has 13.44% 1-year volatility. There are 71 mutual funds in the Global Allocation category with lower 1-year volatility, going as low as 3.04%.

Symbol	Name	Volatility 1Y	AUM	Inception
PDSYX	Principal Diversified Select Real Asset Fund	3.04%	—	Jul 2019	NMAI vs PDSYX
PFADX	PFG BNY Mellon Diversifier Strategy Fund	4.43%	—	Dec 2017	NMAI vs PFADX
LFMIX	LoCorr Macro Strategies Fund Class I	5.65%	—	Mar 2011	NMAI vs LFMIX
NRIIX	Nuveen Real Asset Income Fund	5.89%	—	Sep 2011	NMAI vs NRIIX
PMFYX	Pioneer Multi-Asset Income Fund	5.94%	—	Dec 2011	NMAI vs PMFYX

Lowest Drawdown Alternatives to NMAI

NMAI has a 1-year max drawdown of -11.88%. There are 72 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
PDSYX	Principal Diversified Select Real Asset Fund	-1.98%	—	Jul 2019	NMAI vs PDSYX
LFMIX	LoCorr Macro Strategies Fund Class I	-2.60%	—	Mar 2011	NMAI vs LFMIX
PFADX	PFG BNY Mellon Diversifier Strategy Fund	-3.63%	—	Dec 2017	NMAI vs PFADX
PMFYX	Pioneer Multi-Asset Income Fund	-4.08%	—	Dec 2011	NMAI vs PMFYX
MSTGX	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
TIEIX	Nuveen Equity Index Fund Class I	Large Cap Blend Equities	61	10.75%	—	Jul 1999	NMAI vs TIEIX
QQQX	Nuveen Nasdaq 100 Dynamic Overwrite Fund	Derivative Income, Options Trading, Nasdaq-100, Large Cap Growth Equities, Actively Managed	67	11.69%	—	Jan 2007	NMAI vs QQQX
TILIX	Nuveen Large Cap Growth Index Fund R6 Class	Large Cap Growth Equities	16	3.21%	—	Oct 2002	NMAI vs TILIX
SPXX	Nuveen S&P 500 Dynamic Overwrite Fund	S&P 500	23	8.01%	—	Nov 2005	NMAI vs SPXX
NHMRX	Nuveen High Yield Municipal Bond Fund	High Yield Muni	82	3.74%	—	Jun 1999	NMAI vs NHMRX
JQC	Nuveen Credit Strategies Income Fund	Bank Loan	3	1.98%	—	Jun 2003	NMAI vs JQC
NSBRX	Nuveen Dividend Growth Fund	Large Cap Blend Equities	17	3.61%	—	Mar 2006	NMAI vs NSBRX
NPSRX	Nuveen Preferred Securities & Income Fund	Preferred Stock/Convertible Bonds	74	0.92%	—	Dec 2006	NMAI vs NPSRX
NVHIX	Nuveen Short Duration High Yield Municipal Bond Fu...	High Yield Muni	82	2.42%	—	Jan 2013	NMAI vs NVHIX
NVLIX	Nuveen Winslow Large-Cap Growth ESG Fund Class I	Large Cap Growth Equities, ESG	12	6.35%	—	May 2009	NMAI vs NVLIX

Often Compared With NMAI

Investors most often compare NMAI with EOS, ECAT, EXG. These 20 comparison targets span 8 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
EOS	Eaton Vance Enhanced Equity Income Fund II	Derivative Income	3	-0.95%	—	Jan 2005	NMAI vs EOS
ECAT	BlackRock ESG Capital Allocation Term Trust	Tactical Allocation, Derivative Income, ESG	40	15.17%	—	Sep 2021	NMAI vs ECAT
EXG	Eaton Vance Tax-Managed Global Diversified Equity ...	Dividend, Global Equity Income	41	7.12%	—	Feb 2007	NMAI vs EXG
WINC.AS	iShares World Equity High Income UCITS ETF USD Inc	Global Equity Income	82	9.83%	—	Mar 2024	NMAI vs WINC.AS
NXG	NXG NextGen Infrastructure Income Fund	Global Equity Income	78	32.98%	—	Sep 2012	NMAI vs NXG
VOO	Vanguard S&P 500 ETF	S&P 500	67	10.87%	1.70T	Sep 2010	NMAI vs VOO
AOD	Abrdn Total Dynamic Dividend Fund		88	13.92%	—	Jan 2007	NMAI vs AOD
APAM	Artisan Partners Asset Management Inc.		27	-0.26%	—	—	NMAI vs APAM
PDI	PIMCO Dynamic Income Fund		41	0.21%	—	—	NMAI vs PDI
MSFT	Microsoft Corporation		13	-20.05%	—	—	NMAI vs MSFT
REGB.L	VanEck Rare Earth and Strategic Metals UCITS ETF A	Rare Earth & Strategic Metals	52	5.06%	—	Sep 2021	NMAI vs REGB.L
MAIN	Main Street Capital Corporation		27	-8.14%	—	—	NMAI vs MAIN
LBS.TO	Life & Banc Split Corp.		98	97.39%	—	—	NMAI vs LBS.TO
KKR	KKR & Co. Inc.		15	-23.23%	—	—	NMAI vs KKR
PDRDX	Principal Diversified Real Asset Fund	Global Allocation	76	11.39%	—	Mar 2010	NMAI vs PDRDX
RKLB	Rocket Lab USA, Inc.		74	12.97%	—	—	NMAI vs RKLB
HRLYX	Hartford Real Asset Fund	Global Allocation	92	11.83%	—	May 2010	NMAI vs HRLYX
ISRG	Intuitive Surgical, Inc.		11	-32.99%	—	—	NMAI vs ISRG
WARAX	Allspring Absolute Return Fund	Global Allocation	89	12.79%	—	Feb 2012	NMAI vs WARAX
STCK.TO	Stack Capital Group Inc		75	37.05%	—	—	NMAI vs STCK.TO

Compare NMAI with Any Fund or Stock

Compare NMAI with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

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Diversifiers

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

Nuveen Multi-Asset Income Fund (NMAI) Alternatives