Mark Winget
About Mark Winget
Mark L. Winget (born 1968) is Vice President and Secretary of Nuveen Core Equity Alpha Fund (JCE), serving as a fund officer since 2008 across the Nuveen closed-end fund complex; he also holds Vice President and Associate General Counsel roles across affiliated Nuveen/TIAA entities . He is an authorized SEC signatory and agent for service on shareholder reports for JCE and related Nuveen closed-end funds, reflecting responsibility for governance documentation and regulatory filings . For context on fund performance during his ongoing tenure, JCE delivered 2024 total returns of 26.90% at NAV and 27.77% at price; its 5-year and 10-year NAV returns were 11.93% and 10.22%, respectively, underscoring long-run execution against its equity overwrite strategy .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Nuveen Core Equity Alpha Fund (JCE) | Vice President and Secretary | Since 2008 | Fund officer for governance, proxy administration, and SEC filings signatory |
| Nuveen Securities, LLC | Vice President and Assistant Secretary | Since 2008 | Legal and corporate secretary functions across Nuveen funds |
| Nuveen Fund Advisors, LLC | Vice President and Assistant Secretary | Since 2019 | Adviser-side governance support and officer service to funds |
| Nuveen Asset Management, LLC | Vice President, Associate General Counsel and Assistant Secretary | Since 2020 | Legal oversight supporting portfolio management operations |
| Nuveen, LLC | Vice President and Associate General Counsel (formerly Assistant General Counsel 2008–2016) | VP/AGC since 2019; Assistant GC 2008–2016 | Enterprise-level legal leadership for Nuveen fund complex |
| Teachers Advisors, LLC; TIAA‑CREF Investment Management, LLC | Vice President, Associate General Counsel and Assistant Secretary | Not disclosed | Governance/legal roles across TIAA fund complexes |
External Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Nuveen Closed‑End Funds (Annual/Semi‑Annual Reports) | Agent for Service (JCE and related funds) | 2024–2025 | Interface with SEC on filings, ensuring compliance and disclosure quality |
| SEC/Federal Register Filing (applicants list) | Applicant/Contact (Nuveen matter) | 2023‑12‑28 | Regulatory engagement evidencing subject‑matter expertise |
| SEC 8‑K (Board consolidation) | Authorized Signatory | 2023‑10‑13 | Execution of board consolidation disclosure for fund complex |
Fixed Compensation
| Component | Detail |
|---|---|
| Officer compensation from Fund | Officers receive no compensation from the Funds; officers are elected annually (or indefinite term) to serve until successors are elected and qualified . |
| CCO compensation source | CCO compensation (base + incentive) is paid by the Adviser; Funds reimburse an allocable portion of the Adviser’s cost of the CCO’s incentive compensation . |
| Base salary, target bonus %, actual bonus | Not disclosed for Mark Winget at the Fund level (compensation paid by Nuveen/TIAA affiliates, not JCE) . |
| Stock/option awards (Fund-level) | Not applicable—closed‑end fund officers are not compensated by the Fund and do not receive Fund equity grants . |
Performance Compensation
| Metric | Weighting | Target | Actual | Payout | Vesting |
|---|---|---|---|---|---|
| Not applicable | – | – | – | – | – |
| Notes | Officers of JCE receive no compensation from the Fund; no fund‑level incentive plan disclosures exist for Winget . |
Equity Ownership & Alignment
| Item | Detail |
|---|---|
| Beneficial ownership (officer) | Not disclosed for fund officers; proxy beneficial ownership tables cover Board Members/Nominees, not officers . |
| Section 16 presence | Form 3 filings show Mark L. Winget signing “under Power of Attorney,” indicating administrative signatory capacity rather than personal reporting ownership in the sample reviewed . |
| Pledging/hedging | No pledging or hedging disclosures for Winget in JCE filings reviewed . |
| Ownership guidelines | Not disclosed for officers in JCE proxy materials; Board-level ownership ranges disclosed separately . |
Employment Terms
| Term | Detail |
|---|---|
| Officer start/tenure | Officer of Nuveen fund complex since 2008; Vice President and Secretary for JCE with indefinite term . |
| Contract term/auto‑renewal | Officers elected by the Board (annual or indefinite terms depending on period); specific employment contract terms not disclosed . |
| Severance/change‑of‑control | Not disclosed for fund officers in JCE materials reviewed . |
| Non‑compete/non‑solicit; garden leave | Not disclosed in JCE filings reviewed . |
| Post‑termination consulting | Not disclosed in JCE filings reviewed . |
Board Governance (Context)
- Committee cadence (FY 2024): Audit Committee met 14–15 times across Nuveen funds; multiple committee meetings (Compliance, Risk & Regulatory Oversight; Nominating & Governance; Investment; Closed‑End Fund Committee) reflect robust oversight structure .
- Board consolidation: Boards across Nuveen and TIAA fund complexes were consolidated effective January 1, 2024 to streamline oversight and achieve cost efficiencies; Winget signed the 8‑K reporting these changes .
Performance & Track Record (Fund Context)
| Metric | Value |
|---|---|
| JCE total return at NAV (2024) | 26.90% |
| JCE total return at price (2024) | 27.77% |
| JCE 5‑year NAV return | 11.93% |
| JCE 10‑year NAV return | 10.22% |
| Distribution policy (Managed Distribution) | Regular quarterly distributions; portions may be return of capital depending on year‑to‑date estimates . |
Investment Implications
- Compensation alignment: As officers receive no compensation from JCE, there are no fund‑level pay‑for‑performance levers (bonuses, RSUs/PSUs, options) tied to JCE metrics for Winget; incentives, if any, reside at Nuveen/TIAA and are not disclosed in JCE filings, limiting direct alignment analysis at the fund level .
- Retention risk: Tenure since 2008 across the Nuveen fund complex and continuous service in officer roles imply low near‑term retention risk from fund‑level economics; no employment contract, severance, or change‑of‑control terms are disclosed in JCE filings to signal potential transition triggers .
- Trading signals: No officer equity awards or Section 16 ownership reported for Winget; observed SEC forms show him signing under power of attorney, not personal trading—thus no insider selling pressure or vesting‑driven flows linked to Winget can be inferred from JCE disclosures .
- Governance quality: High committee meeting cadence and the 2024 board consolidation suggest active governance and operational efficiency pursuits, which may support execution and shareholder outcomes at the fund complex level .