APR 29·Stock TitanLow
High-yield allocation rule updated at Nuveen Multi-Market (JMM)
The Nuveen Multi-Market Income Fund (JMM) has updated its investment policy regarding high-yield allocation, effective April 30, 2026. The key change is that the 35% limit for investments in lower-than-investment-grade "junk" bonds will now be calculated based on "Managed Assets" instead of "total assets," while the percentage cap itself remains unchanged. This clarifies the base for calculating the fund's high-yield exposure without altering the maximum allowability.