Nathaniel Jones
About Nathaniel Jones
Nathaniel T. Jones is Vice President and Treasurer of Nuveen Floating Rate Income Fund (JFR), serving since 2016; he is a Senior Managing Director at Nuveen and at Nuveen Fund Advisors, and holds the Chartered Financial Analyst credential . Officers of the Fund receive no compensation from the Fund, with compensation for the Chief Compliance Officer paid by the Adviser (Nuveen) and partially reimbursed by the Fund; no officer-specific performance pay metrics are disclosed . The officer slate is elected annually by the Board and serves until successors are elected and qualified . Year of birth: 1979 .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Nuveen Floating Rate Income Fund (JFR) | Vice President & Treasurer | Since 2016 | Fund treasury oversight, officer of the Fund |
| Nuveen | Senior Managing Director | N/A | Senior leadership at Adviser providing fund management support |
| Nuveen Fund Advisors, LLC | Senior Managing Director | N/A | Adviser-side operations and governance for Nuveen funds |
External Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| None disclosed | N/A | N/A | No external directorships or roles are disclosed in the latest proxies |
Fixed Compensation
Officers serve without compensation from the Fund; officer compensation (e.g., CCO) is paid by the Adviser, with only a portion of the CCO’s incentive compensation reimbursed by the Fund .
| Component | JFR-Disclosed Amount | Notes |
|---|---|---|
| Base salary | None from Fund | Officers receive no Fund compensation |
| Target bonus % | Not disclosed | Paid by Adviser, not disclosed at Fund level |
| Actual bonus paid | Not disclosed | Paid by Adviser, not disclosed at Fund level |
| RSUs/PSUs | Not disclosed | No officer equity awards disclosed by the Fund |
| Options | Not disclosed | No officer option awards disclosed by the Fund |
| Perquisites | Not disclosed | No officer perquisites disclosed by the Fund |
Performance Compensation
No officer performance metrics (TSR, revenue growth, EBITDA, ESG, etc.) or incentive payout structures are disclosed by the Fund; officers receive no compensation from the Fund and Adviser-level metrics are not included in Fund filings .
| Metric | Weighting | Target | Actual | Payout | Vesting |
|---|---|---|---|---|---|
| Not disclosed | N/A | N/A | N/A | N/A | N/A |
Equity Ownership & Alignment
- Individual officer shareholdings (including Nathaniel Jones) are not broken out; as of February 18, 2025, each Board Member’s individual beneficial holdings in each Fund and the Board Members and executive officers as a group were less than 1% of outstanding shares .
- As of December 31, 2024, Board Members and officers as a group beneficially owned 72,247 JFR shares; named Board Member holdings included Albin F. Moschner (34,519), Matthew Thornton III (29,000), and Terence J. Toth (3,720) .
- No pledging, hedging, or officer stock ownership guidelines are disclosed for officers; Board Members are expected to invest at least the equivalent of one year of compensation in Nuveen funds .
| Item | Detail |
|---|---|
| Individual officer beneficial ownership | Not disclosed; each Board Member <1%, officers+Board as a group <1% |
| Group beneficial ownership (JFR) | 72,247 shares as of 12/31/2024 |
| Shares pledged | Not disclosed by Fund |
| Ownership guidelines (officers) | Not disclosed; Board Members expected to invest one year of compensation |
Employment Terms
| Term Element | Detail |
|---|---|
| Employment start date | 2016 (Vice President & Treasurer) |
| Term length | Indefinite; officers elected annually by Board and serve until successors elected and qualified |
| Auto-renewal | N/A (annual Board election process) |
| Severance provisions | Not disclosed by Fund (officers have no Fund compensation) |
| Change-of-control | Not disclosed by Fund |
| Clawbacks | Not disclosed by Fund |
| Non-compete / non-solicit | Not disclosed by Fund |
| Garden leave | Not disclosed by Fund |
| Post-termination consulting | Not disclosed by Fund |
Investment Implications
- Compensation alignment at the Fund level is not assessable: officers receive no compensation from JFR; Adviser-level pay structures and metrics are outside Fund disclosures, limiting pay-for-performance analysis for Nathaniel Jones in relation to JFR outcomes .
- Ownership alignment appears limited at the Fund level: officers and Board Members as a group hold less than 1% of JFR outstanding shares, with no pledging disclosures; this suggests low direct equity-driven selling pressure from officers, though individual officer positions are not reported .
- Retention risk looks contained: Jones’ long tenure (since 2016) and ongoing annual officer elections imply stability; no disclosed severance or change-of-control terms at the Fund level .
- Governance processes are robust: the Board operates via multiple committees with frequent meetings; Section 16(a) compliance indicates timely ownership reporting by officers and trustees, reducing regulatory risk signals related to insider reporting .