Nuveen Real Asset Income Fund Class I (NRIIX)
Nuveen Real Asset Income Fund Class I operates in the Asset Management - Income industry of the Financial Services sector, headquartered in Chicago, IL, US. The stock last traded at $21.90, down 0.09% on the session, giving a market capitalisation of $1.14B. Its beta of 0.82 implies it has historically moved less than the broad market.
This fund primarily aims to deliver substantial current income, with a secondary objective of achieving capital appreciation. It commits a minimum of 80% of its combined net assets and any leveraged investment funds to securities issued by companies associated with real assets, provided these companies are generating income at the point of acquisition. The portfolio will incorporate both equity and debt instruments; however, investments in debt securities are capped at 40% of its net asset value. While the fund may allocate capital to non-U.S. securities, its exposure to emerging markets is strictly limited to 50% of its net assets at the time of purchase.
Nuveen Real Asset Income Fund Class I is most often compared with the following Financial Services names: