Western Asset Managed Municipals Fund (MMU) vs Nuveen Multi-Asset Income Fund (NMAI)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 10, 2026.
Summary
Western Asset Managed Municipals Fund is the larger company by market cap ($500.4 million vs $462.9 million), about 1.1 times the size. On valuation, Nuveen Multi-Asset Income Fund trades at a lower trailing P/E (5.0x vs 9.7x for Western Asset Managed Municipals Fund). Western Asset Managed Municipals Fund pays a dividend yielding 7.10%, while Nuveen Multi-Asset Income Fund does not currently pay one.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | MMU | NMAI |
|---|---|---|
| Share price | $9.21 | $13.85 |
| Market cap | $500.44M | $462.95M |
| 1-day change | +2.91% | +1.69% |
| P/E ratio (TTM) | 9.69 | 5.02 |
| EPS (TTM) | $0.95 | $2.76 |
| Dividend yield | 7.10% | 10.05% |
| Annual dividend | $0.654 | $0.00 |
| 52-week high | $10.71 | $15.06 |
| 52-week low | $8.71 | $11.99 |
| Distance from 52-week high | -14.01% | -8.03% |
| Analyst consensus | strong_buy | — |
| Average volume | 184.39K | 99.31K |
| Shares outstanding | 54.34M | 33.43M |
| Sector | Finance | Finance |
| Industry | Investment Managers | Investment Managers |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- Western Asset Managed Municipals Fund trades at a higher earnings multiple (9.7x vs 5.0x trailing P/E).
- Nuveen Multi-Asset Income Fund offers a meaningfully higher dividend yield (10.05% vs 7.10%).
About Western Asset Managed Municipals Fund
MMU stock →Western Asset Managed Municipals Fund Inc. is a closed ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC.
Finance · Investment Managers
MMU vs NMAI FAQ
Which is bigger, Western Asset Managed Municipals Fund or Nuveen Multi-Asset Income Fund?
Western Asset Managed Municipals Fund (MMU) is larger, with a market capitalization of $500.44M compared with $462.95M for Nuveen Multi-Asset Income Fund (NMAI).
Which has the lower P/E ratio, MMU or NMAI?
NMAI has the lower trailing P/E at 5.0, versus 9.7 for MMU. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Western Asset Managed Municipals Fund or Nuveen Multi-Asset Income Fund?
Nuveen Multi-Asset Income Fund has the higher yield at 10.05%, compared with 7.10% for Western Asset Managed Municipals Fund.
Are Western Asset Managed Municipals Fund and Nuveen Multi-Asset Income Fund in the same industry?
Yes. Both are classified in the Investment Managers industry within the Finance sector.