NRIIX: Nuveen Real Asset Income I

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NRIIX Nuveen Real Asset Income I


Profile

NRIIX - Profile

Vitals

  • YTD Return -18.4%
  • 3 Yr Annualized Return -5.4%
  • 5 Yr Annualized Return -3.3%
  • Net Assets $1.77 B
  • Holdings in Top 10 11.0%

52 WEEK LOW AND HIGH

$20.21
$15.83
$25.37

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.89%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 85.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $100,000
  • IRA N/A

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style World Allocation

Distributions

  • YTD Total Return -18.4%
  • 3 Yr Annualized Total Return -5.2%
  • 5 Yr Annualized Total Return -3.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.42%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Nuveen Real Asset Income Fund
  • Fund Family Name
    Nuveen
  • Inception Date
    Sep 13, 2011
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Jay Rosenberg

Fund Description

The fund invests at least 80% of the sum of its net assets and the amount of any borrowings for investment purposes in securities issued by real asset related companies that are generating income at the time of purchase. It will invest in both equity securities and debt securities, but will not invest more than 40% of its net assets in debt securities. The fund will invest in non-U.S. securities, but will limit its exposure to emerging markets to 50% of its net assets at the time of purchase.


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Categories

Performance

NRIIX - Performance

Return Ranking - Trailing

Period NRIIX Return Category Return Low Category Return High Rank in Category (%)
YTD -18.4% -32.2% 0.5% 90.00%
1 Yr -13.4% -25.9% 6.8% 83.00%
3 Yr -5.4%* -13.7% 1.2% 70.24%
5 Yr -3.3%* -9.7% 1.3% 72.22%
10 Yr N/A* -0.7% 3.8% N/A

* Annualized

Return Ranking - Calendar

Period NRIIX Return Category Return Low Category Return High Rank in Category (%)
2019 15.4% 0.0% 21.6% 7.14%
2018 -11.1% -21.7% -3.4% 65.12%
2017 6.1% -1.2% 12.0% 34.57%
2016 4.0% -1.8% 7.3% 43.21%
2015 -8.0% -16.1% -0.7% 68.06%

Total Return Ranking - Trailing

Period NRIIX Return Category Return Low Category Return High Rank in Category (%)
YTD -18.4% -32.2% 0.5% 90.00%
1 Yr -13.4% -25.9% 7.2% 83.00%
3 Yr -5.2%* -11.0% 4.1% 75.00%
5 Yr -3.2%* -7.3% 3.9% 83.33%
10 Yr N/A* 1.1% 7.9% N/A

* Annualized

Total Return Ranking - Calendar

Period NRIIX Return Category Return Low Category Return High Rank in Category (%)
2019 15.4% 0.0% 21.6% 11.22%
2018 -11.1% -16.0% -0.6% 76.74%
2017 6.7% -1.2% 18.0% 58.02%
2016 4.0% -1.6% 14.4% 62.96%
2015 -8.0% -16.1% 3.2% 81.94%

NAV & Total Return History


Holdings

NRIIX - Holdings

Concentration Analysis

NRIIX Category Low Category High NRIIX % Rank
Net Assets 1.77 B 1.01 M 3.25 B 13.21%
Number of Holdings 454 6 1340 45.37%
Net Assets in Top 10 187 M -76.9 M 299 M 17.59%
Weighting of Top 10 10.96% 8.1% 200.7% 87.96%

Top 10 Holdings

  1. Stag Industrial Inc 1.51%
  2. Medical Properties Trust Inc 1.51%
  3. PPL Corp 1.14%
  4. National Grid PLC ADR 1.08%
  5. VEREIT Inc Class A 1.07%
  6. AusNet Services Ltd 0.99%
  7. NetLink NBN Trust Registered Units Reg S 0.99%
  8. NetLink NBN Trust Registered Units Reg S 0.99%
  9. Engie SA 0.91%
  10. Engie SA 0.91%

Asset Allocation

Weighting Return Low Return High NRIIX % Rank
Stocks
44.19% 0.00% 99.99% 41.67%
Bonds
27.32% -120.56% 74.63% 66.67%
Preferred Stocks
17.08% 0.00% 24.57% 12.96%
Other
7.65% 0.00% 23.86% 13.89%
Convertible Bonds
3.57% 0.00% 15.03% 23.15%
Cash
0.18% -13.27% 184.19% 89.81%

Stock Sector Breakdown

Weighting Return Low Return High NRIIX % Rank
Utilities
44.57% 0.00% 46.73% 2.13%
Real Estate
44.51% 0.00% 44.51% 1.06%
Industrials
4.54% 0.00% 18.65% 75.53%
Communication Services
3.96% 0.00% 20.32% 59.57%
Energy
2.22% 0.00% 31.54% 78.72%
Technology
0.15% 0.00% 21.02% 86.17%
Healthcare
0.05% 0.00% 100.00% 88.30%
Financial Services
0.00% 0.00% 66.46% 88.30%
Consumer Defense
0.00% 0.00% 28.61% 91.49%
Consumer Cyclical
0.00% 0.00% 15.02% 86.17%
Basic Materials
0.00% 0.00% 11.20% 91.49%

Stock Geographic Breakdown

Weighting Return Low Return High NRIIX % Rank
Non US
25.56% 0.00% 55.59% 29.63%
US
18.63% -4.24% 99.99% 32.41%

Bond Sector Breakdown

Weighting Return Low Return High NRIIX % Rank
Corporate
97.78% 0.00% 97.78% 0.93%
Government
1.43% -132.75% 41.07% 77.78%
Securitized
0.43% 0.00% 23.46% 39.81%
Cash & Equivalents
0.36% 0.36% 186.99% 97.22%
Derivative
0.00% -0.51% 27.12% 58.33%
Municipal
0.00% 0.00% 4.79% 50.00%

Bond Geographic Breakdown

Weighting Return Low Return High NRIIX % Rank
US
18.11% -166.35% 64.16% 50.00%
Non US
9.21% 0.00% 45.79% 70.37%

Expenses

NRIIX - Expenses

Operational Fees

NRIIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.89% 0.26% 11.95% 76.24%
Management Fee 0.72% 0.10% 1.90% 69.09%
12b-1 Fee 0.00% 0.00% 1.00% 2.99%
Administrative Fee N/A 0.02% 0.25% N/A

Sales Fees

NRIIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

NRIIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

NRIIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 85.00% 0.00% 282.00% 37.25%

Distributions

NRIIX - Distributions

Dividend Yield Analysis

NRIIX Category Low Category High NRIIX % Rank
Dividend Yield 0.00% 0.00% 2.67% 30.00%

Dividend Distribution Analysis

NRIIX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Monthly

Net Income Ratio Analysis

NRIIX Category Low Category High NRIIX % Rank
Net Income Ratio 4.42% -0.99% 11.02% 18.45%

Capital Gain Distribution Analysis

NRIIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

NRIIX - Fund Manager Analysis

Managers

Jay Rosenberg


Start Date

Tenure

Tenure Rank

Sep 13, 2011

8.64

8.6%

Jay L. Rosenberg entered the financial services industry in 1995. He has been a Managing Director and Lead Portfolio Manager of the Real Estate Securities and Global Infrastructure at Nuveen Asset Management since joining the firm in 2011. He has been Lead Portfolio Manager of the Real Asset Income strategy since September 2011, and in May 2014 he was named Head of Investments for Real Assets. Jay graduated from the University of Wisconsin–Madison, where he received a B.S. He received a master’s degree in urban planning and public policy from the University of Illinois–Chicago.

Tryg Sarsland


Start Date

Tenure

Tenure Rank

Apr 30, 2015

5.01

5.0%

Tryg is a portfolio manager for Nuveen’s Global Infrastructure strategy, which invests in listed infrastructure companies from around the world. He joined the global infrastructure team in 2011. Tryg is also a portfolio manager for the firm’s Real Asset Income strategy, which invests in income-generating debt and equity securities from both the real estate and infrastructure segments, since 2015. In addition, he serves as the director of research -infrastructure, with responsibility for direct management of the U.S.-based equity research analysts dedicated to the Global Infrastructure and Real Asset Income teams. Tryg also maintains analyst responsibilities for the Global Infrastructure and Real Asset Income strategies, specializing in non-U.S. utilities.Before joining the firm in 2011, he was vice president and director of project finance at National Wind, LLC, where he spearheaded the development, procurement and investment of funds for wind energy projects. He was also vice president with Meridian Companies, LLC, and Standard Chartered Bank.Tryg graduated with a B.A. from St. John’s University and an M.B.A. from St. Cloud State University

Brenda Langenfeld


Start Date

Tenure

Tenure Rank

Apr 30, 2015

5.01

5.0%

Brenda A. Langenfeld, CFA, entered the financial services industry in 2004. She has been a Vice President and Portfolio Manager at Nuveen Asset Management since joining the firm in 2011. She was named Co-Portfolio Manager of the Preferred Securities strategy in January 2012. In April 2015, she was named Co-Portfolio Manager of the Real Asset Income strategy. She was named Senior Vice President in March 2017. In March 2019, she was named Managing Director.

Jean Lin


Start Date

Tenure

Tenure Rank

Jan 02, 2019

1.33

1.3%

Jean C. Lin, CFA, entered the financial services industry in 1994. She joined Nuveen Asset Management, LLC as Managing Director, Portfolio Manager and High-Yield Research Analyst in September 2018. She also serves as Managing Director, Portfolio Manager and High-Yield Research Analyst for Teachers Advisors, LLC, TIAA-CREF Investment Management, LLC and other advisory affiliates of TIAA. She joined TIAA in 1994.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.21 9.92 4.15 5.61