Is NMAI a Friend, Question Mark or Foe?

NMAI is classified a Question Mark under the Income Quality Score framework, based on long-duration distribution and total-return history. This is a research classification, not investment advice.

How safe is the NMAI distribution?

A Question Mark is an income asset with a mixed or incomplete quality record — some income-quality signals are strong while others are weak, or the available history is too short to classify with confidence. It warrants a closer look rather than a conclusion.

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Public snapshot

NMAI Income Quality Score

Name: NMAI Income Quality Score
Creator: Income Quality Score
Keywords: NMAI income quality, NMAI dividend quality, NMAI dividend safety, NMAI distribution history, NMAI dividend score, NMAI analysis, Nuveen Multi-Asset Income Fund dividend

Nuveen Multi-Asset Income Fund (NMAI) has an Income Quality Score of 36/100, classified as a Question Mark with medium confidence, based on a 5-year income and total-return history.

Nuveen Multi-Asset Income Fund (NMAI) is a closed-end fund and is part of the IQ Score universe.

July 2026 snapshotAs of June 30, 2026Lookback: 5-year

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Long-term focused5-year income and total-return analysis

Data-drivenObjective scoring across 4 quality, distribution and risk signals

Clear classificationFriends to own. Foes to avoid.

IQ Score

36/100

Question MarkMedium confidence

Asset Type

CEF

Exchange

—

Trailing Yield (TTM)

Not published

No normalized trailing yield is published for closed-end funds in this snapshot.

Rank in CEF Universe

319 of 358

Lookback

5-year

Data as of

June 30, 2026

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About this snapshot
This is the public July 2026 snapshot. Public snapshots are delayed and frozen: once released, a month's scores do not change, and current data is reserved for members. The July 2026 snapshot is published as the public launch snapshot.

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NMAINuveen Multi-Asset Income Fund

36Question MarkMedium confidence

Snapshot: 2026-06
Data as of: 2026-06-30
Lookback: 5-year
Asset type: Closed-End Fund

IQ Score History

Reconstructed monthly scores are computed from current data and methodology. Published snapshots are the frozen monthly releases, marked on the line. Where the methodology changed, the line is broken rather than joined across the change.

Signals & Drivers

IQ signal scores

Each signal is normalised to 0–100 and combined by weight into the overall IQ Score.

Economic Payout Coverage

16/100

Working Capital Preservation

65/100

Distribution Cut Score

40/100

Distribution Trend

55/100

What is working

Working capital preserved over time

What to watch

Distributions exceed long-term total return
1–2 years with a material annual distribution decline

Flags & gates

Yield Trap

Distribution Safety

3Years raised

2Years cut

8Years of data

CutCurrent trend

Medium confidence (5–9 years of history)

20191.24Held
20201.1935Lower total
20211.2335Raised
20222.2347Raised
20231.3Cut
20241.6525Raised
20251.2895Cut
20260.696Partial year

Distributions per year, from the frozen distribution-stability signal. “Lower total” means the calendar-year sum was smaller than the prior year (often a special-distribution rolloff or timing shift), but did not decline more than the engine's 10% material-decline threshold — see Years Cut above for years that did.

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IQ Score is a long-duration quality and distribution-safety classification for income assets. It is research based on historical data, not personal investment advice, and it does not tell you what to buy or sell. Figures reflect a delayed public snapshot and may differ from current data.