NMAI CEF — Nuveen Multi-Asset Income Fund

Nuveen Multi-Asset Income Fund (NMAI)

Updated October 16, 2026.

NMAI is a CEF. its distribution rate is 10.32%, its trailing-12-month yield is 10.39%, its expense ratio is 3.38%. Dividend Vision Distribution Safety Score™ is 90/100 (Safe). Total return is 30.4% over the past 4.9 years, 44.1 points behind SPY at 74.5%.

NMAI performance versus SPY

Price and return data through 2026-10-16.

Total return is 30.4% over the past 4.9 years, 44.1 points behind SPY at 74.5%. Over the past year its total return — price change plus distributions reinvested — is 15.9%. Its deepest 1-year drawdown was 11.9%.

NMAI key facts

Distribution Safety Score™

90 · Safe

Safety-Adjusted Yield

9.29%

Issuer

Nuveen

Asset type

CEF

Asset class

Multi-Asset

Inception date

11/22/2021

Expense ratio

3.38%

Management fee

1.21%

Other operating expenses

0.15%

Interest expense

2.02%

Total annual operating expenses

3.38%

Distribution rate

10.32%

Distribution frequency

Monthly

Trailing yield

10.39%

5-year average yield

8.78

Last close

$13.49 (as of 2026-10-16)

NAV

N/A

Premium / discount

N/A

Market cap

$456,928,576

Average volume

76103.0

Dividend

$0.116

Ex-dividend date

10/15/2026

Payment date

11/02/2026

Beta

0.7499

AUM unavailable in this published snapshot. Missing values do not mean zero or complete coverage. ?

How Dividend Vision calculates yield and returns

Distribution rate (10.32%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (10.39%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Nuveen or company page; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

NMAI risks and drawbacks

Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 11.9%.

Who may consider NMAI — and who may not

NMAI may suit someone looking for a high Distribution Safety Score. It is a weaker fit for investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on NMAI

• All tickers starting with N

Tagged: CEF, Dividend, Growth & Income.

Frequently asked questions

More securities from Nuveen.