Nazar Suschko
About Nazar Suschko
Nazar Suschko is a portfolio manager on Nuveen’s Multi-Asset portfolio management team and was appointed as an executive officer and portfolio manager of Nuveen Dow 30 SM Dynamic Overwrite Fund (DIAX) effective May 30, 2025 . He began his career in 2004, joined Nuveen Fund Advisors, LLC in 2016, and previously held roles at AEGON USA Investment Management including portfolio manager managing risk-based asset allocation strategies . DIAX disclosed that his addition did not change the Fund’s investment objective or investment policies .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Nuveen Fund Advisors, LLC | Portfolio Manager, Multi-Asset PM team | Since 2016 | Multi-asset portfolio management; added as DIAX PM without changing fund objective/policies |
| AEGON USA Investment Management | Various roles including Portfolio Manager | Pre-2016 (not specifically dated) | Managed risk-based asset allocation strategies |
Fixed Compensation
| Component | Determination/Notes |
|---|---|
| Base salary | Determined based on general performance, experience, and market levels for the position . |
| Cash bonus | Based on risk-adjusted performance vs benchmark over 1-, 3-, and 5-year periods; Morningstar peer ranking over 1-, 3-, and 5-year periods; and management/peer reviews . |
| Long-term performance award | Granted based on same factors as cash bonus; vests after 3 years; final value adjusted by risk-adjusted performance of managed funds and TIAA organization performance . |
| Profits interest plan | Participation in profits interests in Nuveen Asset Management and Teachers Advisors, LLC; vests over time; allocation based on overall contribution; entitles holder to a percentage of annual profits . |
| Structure confirmation | “Portfolio manager compensation consists primarily of base salary and variable components (cash bonus, long-term performance award, profits interest plan)” . |
Performance Compensation
| Metric | Measurement Period | Target | Actual | Payout | Vesting |
|---|---|---|---|---|---|
| Risk-adjusted investment performance vs benchmark | 1-, 3-, and 5-year performance windows (tenure-adjusted if shorter) | Not disclosed | Not disclosed | Not disclosed | N/A |
| Morningstar peer ranking | 1-, 3-, and 5-year ranking windows (tenure-adjusted if shorter) | Not disclosed | Not disclosed | Not disclosed | N/A |
| Management and peer reviews | Annual qualitative reviews | Not disclosed | Not disclosed | Not disclosed | N/A |
| Long-term performance award | 3-year performance of managed funds and TIAA organization | Not disclosed | Not disclosed | Not disclosed | 3 years |
| Profits interest plan | Ongoing, vests over time | Not disclosed | Not disclosed | Not disclosed | Vests over time |
Equity Ownership & Alignment
| Item | Detail |
|---|---|
| Officer title | Officer: “MD, Multi Asset PM” . |
| Beneficial ownership at appointment | Form 3 filed July 8, 2025 indicates “No securities are beneficially owned” . |
| Direct vs indirect ownership | None reported (Form 3) . |
| Exercisable/unexercisable options | None reported (Form 3) . |
| Shares pledged as collateral | Not disclosed in DIAX filings reviewed. |
| Ownership guidelines compliance | Not disclosed in DIAX filings reviewed. |
Employment Terms
| Term | Detail |
|---|---|
| Start date at DIAX (PM appointment) | Effective May 30, 2025 . |
| Role/title | Executive officer; “MD, Multi Asset PM” . |
| Contract term/expiration | Not disclosed. |
| Severance provisions | Not disclosed. |
| Change-of-control provisions | Not disclosed. |
| Clawback provisions | Not disclosed. |
| Non-compete / non-solicit | Not disclosed. |
| Garden leave / post-termination consulting | Not disclosed. |
Investment Implications
- Compensation is explicitly linked to multi-year, risk-adjusted performance and peer rankings, with a 3-year vesting long-term award and firm-level profits interests—structures that align incentives to sustained outcomes and reduce short-termism .
- Form 3 shows zero beneficial ownership at appointment, implying limited near-term insider selling pressure but weaker direct share-based alignment; alignment is instead driven by performance awards and profits interests at the adviser level .
- Fund strategy continuity is preserved; DIAX stated no changes to investment objective or policies with Suschko’s addition, suggesting execution risk centers on maintaining performance under existing overwrite mechanics rather than strategic shifts .
Sources: DIAX 8-K Other Events (May 30, 2025) and SEC Form 3 (July 8, 2025) for appointment, role, and ownership; DIAX N-CSRS (Sept. 5, 2024) for portfolio manager compensation framework and measurement periods .