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Upturn AI Summary - About
Nuveen Multi-Asset Income Fund(NMAI)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for NMAI
11/06/2026: NMAI (1-star) is currently NOT-A-BUY. Pass it for now.
Nuveen Multi-Asset Income Fund (NMAI) is a closed-end investment fund designed to provide consistent monthly income through a diversified mix of global equities, fixed income, and REITs. The fund leverages Nuveen's broad management platform to seek risk-adjusted returns, making it a strong fit for income-focused investors. Its main strengths include professional portfolio diversification and tactical asset allocation, though performance is susceptible to interest rate sensitivity and valuation discounts to its net asset value. Investors should monitor the fund’s dividend coverage and its management of leverage. Overall, NMAI serves as a specialized tool for those prioritizing yield, provided they are comfortable with the inherent risks of closed-end fund structures.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Weak fit | The fund is primarily structured for income generation rather than long-term capital appreciation. |
| Momentum investor | Mixed fit | Momentum investors may find limited appeal unless the fund's NAV shows strong consistent upward trending. |
| Value investor | Mixed fit | Value investors may look for opportunities when the fund trades at a significant discount to its NAV. |
| Dividend investor | Strong fit | The fund is designed specifically for investors seeking regular, consistent monthly income streams. |
| Low-risk investor | Mixed fit | While diversified, the fund involves market risks and potential use of leverage, which may exceed low-risk tolerance. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | Medium / high | Fluctuations in the underlying portfolio assets directly impact the market price of the fund. |
| Valuation risk | Medium | The fund's share price can trade at a significant discount or premium to its actual net asset value. |
| Competition risk (Closed-end funds) | Medium | Investors have many income-focused alternatives, putting pressure on the fund to maintain attractive yields. |
| Business quality | Medium | The performance is entirely dependent on the investment advisor's ability to pick successful assets across multiple categories. |
| Dividend income | Medium / high | Dividend payouts depend on the earnings of the underlying holdings, which can be inconsistent. |
| Execution risk | Medium | Mismanagement of portfolio allocation or leverage usage can negatively impact total returns and NAV. |
Price Behavior
Rolling Over
The price momentum is slowing down and beginning to turn downward.
Smooth
The stock has moved along a generally orderly path with only modest fluctuations.
Analysis of Past Performance
Type Stock | Historic Profit 45.75% | Avg. Invested days 92 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  5.0 | Stock Returns Performance  3.0 |
| Profits based on simulation | Last Close 11/06/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 441.22M USD | Price to earnings Ratio 4.78 | 1Y Target Price - |
Price to earnings Ratio 4.78 | 1Y Target Price - | ||
Volume (30-day avg) 113.3K shares | Beta - | 52 Weeks Range 11.32 - 14.70 | Updated Date 11/07/2026 |
52 Weeks Range 11.32 - 14.70 | Updated Date 11/07/2026 | ||
Dividends yield (FY) - | Basic EPS (TTM) 2.76 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Asset Management Fees | Fees charged on the total managed assets of the fund. | The fund earns money primarily by charging a management fee on the assets it holds for you. |
Valuation
Trailing PE 4.78 | Forward PE - | Enterprise Value - | Price to Sales(TTM) 4.73 |
Enterprise Value - | Price to Sales(TTM) 4.73 | ||
Enterprise Value to Revenue 6.99 | Enterprise Value to EBITDA - | Shares Outstanding 33.43M | Shares Floating - |
Shares Outstanding 33.43M | Shares Floating - | ||
Percent Insiders - | Percent Institutions 17.66 |
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
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