Summary
NMAI Chart
NMAI: Highly Diversified Exposure With A Discount Slipping A Bit Wider
Nuveen Multi-Asset Income Fund offers diversified equity and fixed-income exposure, currently trading at an 8.13% discount to NAV. NMAI's 10.18% distribution yield is attractive, but payout coverage relies on capital gains as net investment income lags distributions. Leverage (29.66%) and rising short-term rates increase risk and volatility, making NMAI less suitable for conservative investors.
NMAI: Discounted But Not Appealing Enough Yet
Nuveen Multi-Asset Income Fund offers diversified equity and fixed-income exposure in a single CEF wrapper, currently at a 7.8% discount to NAV. NMAI's 10.05% distribution yield relies heavily on capital gains, with net investment income covering just over 30% for 2025. The fund's discount is within its historical range, making it a 'hold' rather than a buy, especially with equity markets near all-time highs.
NMAI: Bonds Drag On Performance, But This Hybrid CEF Could Be Attractive For Income
The Nuveen Multi-Asset Income Fund offers a 10.19% yield through a hybrid portfolio of equities (56.7%) and bonds. NMAI's bond allocation is a concern amid persistent inflation, which threatens bond returns and could weigh on future performance. The fund's technology-heavy equity exposure has driven solid returns, nearly matching the MSCI All-Countries World Index year-to-date.
Nuveen Multi-Asset Income Fund Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| BZ Brandon Zatopek Commonwealth Equity Services LLC | 29,785 | $422,060 | $403,884.6 | -$18,175.4 | -4.31% |
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 1,000 | $13,640 | $13,560 | -$80 | -0.59% |
| AEK A. Eric Kauders, Jr. Old Point Trust & Financial Services N A | 4,100 | $53,218 | $55,596 | $2,378 | 4.47% |
| PF Phillip Fitzsimmons Hennion & Walsh Asset Management Inc. | 146,230 | $2.01M | $1.98M | -$27,969.69 | -1.39% |
| CAL CoreCap Advisors LLC CoreCap Advisors LLC | 455 | $6,015.1 | $6,169.8 | $154.7 | 2.57% |
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Nuveen Multi-Asset Income Fund Profile
| NYSE Exchange | US Country |
Overview
The Roundhill Memory ETF (DRAM) caters to investors seeking targeted opportunities within the global semiconductor memory sector. This exchange-traded fund (ETF) focuses on investing in leading companies that boast significant market share and generate substantial revenue from memory products and related technologies. The fund's portfolio encompasses a diverse range of memory solutions, ensuring that it captures various facets of this dynamic industry. By prioritizing large-capitalization firms, the ETF aligns itself with the advancements driving artificial intelligence, hence presenting growth potential for its investors. The fund utilizes an active management strategy, allowing investments in common stocks and financial derivatives, including swaps and forwards. In its approach to portfolio allocation, the ETF employs a modified market capitalization methodology, incorporating a safeguard that prevents any single entity from exceeding 25% of the total fund. This allocation strategy reflects the advisor's insights into the market positioning and revenue capabilities of each company within the memory landscape. The portfolio is subject to rebalancing at least once every three months to ensure alignment with market dynamics.
Products and Services
- High Bandwidth Memory (HBM)
This type of memory is designed to provide faster data transfer rates and increased performance, especially beneficial for high-performance computing and graphics applications.
- Dynamic Random-Access Memory (DRAM)
DRAM is a widely used type of volatile memory essential for temporary data storage in computing devices, characterized by its speed and efficiency in data processing tasks.
- NAND Flash Memory
NAND flash memory is integral to solid-state drives (SSDs), providing high-speed storage and retrieval capabilities vital for modern computing and mobile devices.
- NOR Flash Memory
This form of flash memory is utilized in embedded applications, offering reliable data storage solutions for devices requiring long-term data retention and fast access times.
- Hard Disk Drives (HDD)
HDDs remain an essential component for data storage in many systems, offering large storage capacities at a lower cost, making them suitable for various applications.
- Specialized or Embedded Memory Components
These components are tailored for specific applications, providing optimized performance and efficiency in various electronic devices.
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