In plain terms — Nuveen Real Asset Income & Growth Fund
Shares currently cost about 13.9% less than the value of the assets behind them (a discount).
Over the past year it has averaged a 4.1% discount, so today's level is unusually wide for this fund (Z-score -2.3). That describes the past; it does not predict where the discount goes next.
It pays regular distributions worth about 15.3% a year of the share price (13.2% of the assets). That is a payout rate, not a return: part of it may be capital being handed back.
Because the shares trade below the value of their assets, each dollar of reinvested distributions buys about $1.16 of assets — a ReinvestCapture™ rate of 17.8%, more than the payout rate itself. That is buying power, not a return.
The assets themselves grew 1.0% over the past year including distributions (NAV total return).
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Price and NAV, past year
Snapshot
Valuation vs. history
| Window | Average prem/disc | Std. dev. | Z-score | Observations |
|---|---|---|---|---|
| 3 months | -6.99% | 2.62% | -2.42 | 62 |
| 6 months | -5.97% | 2.29% | -3.21 | 117 |
| 1 year | -4.07% | 4.01% | -2.30 | 223 |
| 3 years | -6.35% | — | — | — |
| 5 years | -8.89% | — | — | — |
Current contemporaneous premium/discount -13.31% (close Oct 14, 2026 vs NAV Oct 13, 2026). 1-year range -13.31% to +3.96%. A negative Z-score means a wider discount than the window average — not that the fund is undervalued.
Performance
| Series | 1M | 3M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) |
|---|---|---|---|---|---|---|
| Market price return | -13.04% | -21.09% | -23.59% | -25.93% | +0.68% | -8.06% |
| Market price total return | -12.04% | -18.51% | -16.10% | -16.27% | +13.04% | +2.12% |
| NAV return | -4.40% | -10.32% | -8.98% | -10.32% | +0.22% | -6.75% |
| NAV total return | -3.38% | -7.54% | -0.54% | +0.96% | +11.80% | +2.70% |
Through Oct 14, 2026. Total return reinvests distributions at the series value on the ex-date. Cumulative ≤ 1 year, annualised beyond.
About the fund
The Nuveen Real Asset Income and Growth Fund is a closed-ended, balanced mutual fund, initially launched by Nuveen Investments, Inc. Its management is a collaborative effort between Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. The fund strategically invests in global public equity markets, including depository receipts and a particular emphasis on companies within the real estate sector. For its fixed income allocation, the fund targets securities with an 'investment grade quality' profile, accepting ratings as low as BB+/Ba1 or even lower. This fund, domiciled in the United States, was established on April 25, 2012.
CEF Explorer research page for Nuveen Real Asset Income & Growth Fund. Figures carry their own dates and sources; a discount to NAV does not guarantee convergence or any return. This is not investment advice.