Nuveen Multi-Market Income Fund (JMM) Stock
The Nuveen Multi-Market Income Fund is a closed-end mutual fund concentrating on fixed income investments, established by Nuveen Investments, Inc. Its oversight is a joint effort between Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC.
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About Nuveen Multi-Market Income Fund
The Nuveen Multi-Market Income Fund is a closed-end mutual fund concentrating on fixed income investments, established by Nuveen Investments, Inc. Its oversight is a joint effort between Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. The fund primarily allocates its capital within the fixed income markets of the United States, with a strategy involving the acquisition of securities from companies operating across a variety of sectors. A core component of its portfolio consists of investment-grade debt instruments, which include U.S. agency and privately issued mortgage-backed securities, corporate debt, and asset-backed securities. Historically, the fund was known as American Income Fund, Inc. It commenced operations on December 30, 1988, and maintains its domicile in the United States.
Nuveen Multi-Market Income Fund is headquartered in US.
Nuveen Multi-Market Income Fund (JMM) stock trades at $5.81 with a market capitalization of $55.00M. The stock is valued at a price-to-earnings (P/E) ratio of 7.65, price-to-book of 0.88, price-to-sales of 8.18. Over the past 52 weeks the stock has ranged between $5.67 and $6.52, and currently trades 10.9% below its 52-week high. It pays a dividend yielding 6.02%.
On profitability, Nuveen Multi-Market Income Fund generates a return on equity (ROE) of 11.49%, return on capital employed of 12.58%, an operating margin of 117.49%, a net profit margin of 106.74%.
Official website: www.nuveen.com/CEF/Product/Overview.aspx?fundcode=JMM