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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
10/08/2026: NMAI (2-star) is currently NOT-A-BUY. Pass it for now.
Nuveen Multi-Asset Income Fund (NMAI) is a closed-end fund designed for investors seeking a diversified, multi-asset income strategy. Its primary strength lies in leveraging the extensive research and active management capabilities of the Nuveen platform to navigate diverse asset classes. The fund provides an opportunity for income-focused investors to gain exposure to a mix of equities and credit, though it faces risks related to market volatility, interest rate fluctuations, and the potential for shares to trade at a discount to net asset value. Investors should monitor distribution trends and portfolio adjustments. NMAI is best suited for income-focused investors who understand the 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 aggressive capital appreciation. |
| Momentum investor | Mixed fit | Momentum may be a factor in short-term share price, but the fund's core objective is long-term income. |
| Value investor | Strong fit while signal remains positive | Investors often look for opportunities when the fund trades at a significant discount to its net asset value. |
| Dividend investor | Strong fit | The fund's core mandate is the delivery of consistent monthly income to shareholders. |
| Low-risk investor | Mixed fit | While diversified, the fund involves market risk and potential price volatility inherent in its asset classes. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | Medium | The share price can fluctuate significantly based on market sentiment and changes in interest rates. |
| Valuation risk | Medium | The fund can trade at a discount or premium to NAV, which may diverge from the underlying value of the portfolio. |
| Competition risk (Closed-end funds) | Medium | Investors have many choices in the closed-end and ETF market, potentially pressuring the fund's premium/discount levels. |
| Business quality | Medium | The quality of the fund is tied to the investment management expertise of the Nuveen team and their asset selection. |
| Dividend income | Medium | Dividend payouts are not guaranteed and depend on the income generated by the fund's underlying holdings. |
| Execution risk | Low | The management team has a proven process, though active management always carries the risk of suboptimal asset allocation. |
Price Behavior
Strong Uptrend
The stock has maintained a strong upward price trend across the last three quarters.
Smooth
The stock has moved along a generally orderly path with only modest fluctuations.
Analysis of Past Performance
Type Stock | Historic Profit 45.56% | 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 10/08/2026 |
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 456.93M USD | Price to earnings Ratio 4.95 | 1Y Target Price - |
Price to earnings Ratio 4.95 | 1Y Target Price - | ||
Volume (30-day avg) 113.0K shares | Beta - | 52 Weeks Range 11.42 - 14.82 | Updated Date 10/08/2026 |
52 Weeks Range 11.42 - 14.82 | Updated Date 10/08/2026 | ||
Dividends yield (FY) - | Basic EPS (TTM) 2.76 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Investment Management | Management of a portfolio of diversified assets including equities and fixed income. | The fund generates income from interest and dividends earned on the investments it owns. |
Valuation
Trailing PE 4.95 | Forward PE - | Enterprise Value - | Price to Sales(TTM) 5.18 |
Enterprise Value - | Price to Sales(TTM) 5.18 | ||
Enterprise Value to Revenue 7.44 | Enterprise Value to EBITDA - | Shares Outstanding 33.43M | Shares Floating - |
Shares Outstanding 33.43M | Shares Floating - | ||
Percent Insiders - | Percent Institutions 17.43 |
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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