JMM Profile
Nuveen Multi-Market Income Fund Inc (JMM) is a diversified, closed-end management investment company that seeks to provide high current income by investing in a broad range of income-producing securities across multiple markets. The fund invests in a variety of fixed-income securities, including corporate bonds, mortgage-backed securities, asset-backed securities, and government bonds.
JMM seeks to provide investors with a high level of current income and total return. The fund may also invest in derivatives, including futures, options, and swaps, to help manage risk and enhance returns. It may also invest in foreign securities, which may involve additional risks such as currency fluctuations and political instability.
JMM is managed by Nuveen Fund Advisors, LLC, a subsidiary of Nuveen Investments, Inc. The fund was launched in 2003 and has a net asset value of around $731 million (as of February 2023). JMM pays a monthly dividend to its shareholders and has a current distribution rate of 7.26% (as of February 2023). The fund has an expense ratio of 1.46%, which is higher than the average expense ratio for similar funds.
|
