Nathaniel Jones
About Nathaniel Jones
Nathaniel T. Jones (born 1979) serves as Vice President and Treasurer of the Nuveen Dow 30 SM Dynamic Overwrite Fund (DIAX), with an indefinite term and service since 2016; he is a Senior Managing Director at Nuveen and at Nuveen Fund Advisors, LLC, and holds the Chartered Financial Analyst (CFA) designation . As context for performance during his tenure, DIAX delivered a 10.62% 1-year and 5.41% 5-year total return at NAV, and 16.37% 1-year and 4.48% 5-year total return at market price, as of December 31, 2024 (DIAX blended benchmark: 15.08% 1-year, 8.52% 5-year) .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| DIAX (Nuveen Dow 30 SM Dynamic Overwrite Fund) | Vice President and Treasurer | Since 2016 | Fund officer (treasury/finance oversight) for DIAX |
| Nuveen | Senior Managing Director | Since 2021 | Senior leadership role within Nuveen’s fund complex |
| Nuveen | Managing Director | 2017–2021 | Senior leadership across Nuveen closed-end fund operations |
| Nuveen | Senior Vice President | 2016–2017 | Finance/operations leadership within Nuveen |
| Nuveen Fund Advisors, LLC | Managing Director | Since 2015 | Senior role at the investment adviser to the Funds |
External Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| — | — | — | No external directorships or public roles are listed for Mr. Jones in DIAX proxy officer biographies (only Nuveen/NFA roles and CFA credential are shown) . |
Fixed Compensation
- Officers receive no compensation from the Funds; DIAX has no employees. Compensation for certain roles (e.g., the Chief Compliance Officer) is paid by the Adviser (Nuveen/TIAA affiliates), with cost-sharing noted; officer-level salaries/bonuses are not disclosed at the Fund level .
| Component | Status | Notes |
|---|---|---|
| Base salary (Fund-level) | Not applicable | Officers receive no compensation from the Funds; DIAX has no employees . |
| Target bonus % (Fund-level) | Not applicable | Compensation for officers resides with the Adviser; not disclosed in the Fund proxy . |
| Actual bonus paid (Fund-level) | Not applicable | Not disclosed at the Fund level; paid by Adviser if applicable . |
Performance Compensation
| Incentive Type | Metrics | Weighting | Target | Actual | Payout | Vesting |
|---|---|---|---|---|---|---|
| Adviser-level incentives (if any) | Not disclosed | Not disclosed | Not disclosed | Not disclosed | Not disclosed | Not disclosed |
| Officers serve without Fund-level compensation; any incentives are determined by the Adviser and are not reported in DIAX’s proxy . |
Equity Ownership & Alignment
- Individual officer ownership in DIAX is not presented; DIAX proxies disclose holdings for each independent Board Member and “Board Members and officers as a group.” Officers are not paid by the Fund and are not required to own shares of the Fund; no pledging/hedging policies specific to officers are disclosed in the excerpts reviewed .
| Metric | 2020 | 2022 | 2024 |
|---|---|---|---|
| DIAX shares owned by Board Members and Officers as a group | 1,000 | 0 | 0 |
Note: Beneficial ownership tables in the proxy aggregate officers with independent Board Members at the Fund level; DIAX does not break out Mr. Jones’s individual holdings in DIAX in the excerpts reviewed .
Employment Terms
| Term/Clause | Disclosure | Source |
|---|---|---|
| Officer title/tenure | Vice President and Treasurer; Term: Indefinite; Length of service: Since 2016 | |
| Election/serving | Officers are elected by the Board; serve until successors are elected and qualified | |
| Fund employment status | The Funds have no employees; officers serve without compensation from the Funds | |
| Compensation payor | Adviser (Nuveen/TIAA affiliates) pays officer compensation; Fund may reimburse certain CCO incentive cost allocation | |
| Employment contracts, severance, change-of-control at Fund | Not disclosed at Fund level; no Fund-level employment agreements for officers are indicated |
Additional Context: Section 16/Insider Filings
- Mr. Jones filed an initial Form 3 establishing his reporting status as an officer for DIAX on June 24, 2016 .
- DIAX proxies include Section 16(a) reporting compliance discussions at the complex level; specific DIAX officer transaction details (Form 4s) are not presented in the excerpts reviewed here .
Investment Implications
- Pay-for-performance alignment: There is no Fund-level cash or equity compensation for officers; any incentives and performance metrics (revenue/EBITDA/TSR) are set by the Adviser and not disclosed in DIAX’s proxy—limiting visibility into Mr. Jones’s personal pay-performance linkage at the Fund level .
- Insider selling pressure: Group ownership of DIAX by Board Members and officers fell from 1,000 shares (2020) to zero (2022 and 2024), implying little direct DIAX “skin in the game” among insiders at the Fund level; monitor Section 16 filings for any DIAX purchases/sales by officers .
- Retention/contract risk: Officers serve at the Board’s election with no Fund-level employment contracts, severance, or change-of-control economics; retention and incentives depend on Adviser policies, which are not publicly detailed in DIAX filings .
- Execution track record: Mr. Jones is a long-tenured Nuveen finance executive (SVP→MD→Senior MD) and DIAX officer since 2016; fund performance context as of Dec 31, 2024 shows positive 1-year and 5-year total returns, though this reflects portfolio management outcomes rather than treasury functions .
Sources: DIAX DEF 14A (2025, 2024, 2023, 2022, 2021); DIAX N-CSR (2024 performance); Section 16 public filings as cited .