Mark L. Winget
About Mark L. Winget
Mark L. Winget serves as Vice President and Secretary of the Nuveen Global High Income Fund (JGH), with “Length of Time Served: Since 2008” in the Nuveen fund complex and year of birth 1968 . He is an attorney by training, holding Vice President and Associate General Counsel roles across Nuveen entities and affiliated TIAA/Teachers Advisors investment advisers, reflecting deep governance and fund administration expertise rather than portfolio management exposure . JGH is a closed‑end fund; the proxies do not attribute TSR, revenue, or EBITDA targets to fund officers, and officers receive no compensation from the Funds, so pay‑for‑performance constructs for Winget at the registrant level are not disclosed .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Nuveen Global High Income Fund (JGH) | Vice President and Secretary | Since 2008 (officer in Nuveen fund complex) | Corporate secretaryship, governance, disclosures, and board process for the Fund |
| Nuveen Securities, LLC | Vice President and Assistant Secretary | Since 2008 | Legal, regulatory, and distribution governance support for Nuveen funds |
| Nuveen Fund Advisors, LLC | Vice President and Assistant Secretary | Since 2019 | Adviser-level governance and fund administration oversight |
| Nuveen Asset Management, LLC | Vice President; Associate General Counsel; Assistant Secretary | Since 2020 (Assoc. GC since 2019; Asst. Sec. per officer tables) | Product/fund legal, policies, and documentation for investment adviser affiliate |
| Teachers Advisors, LLC | Vice President; Associate General Counsel; Assistant Secretary | Past 5 years (as disclosed) | Cross-complex legal/governance alignment (TIAA platforms) |
| TIAA‑CREF Investment Management, LLC | Vice President; Associate General Counsel; Assistant Secretary | Past 5 years (as disclosed) | Adviser governance for TIAA mutual funds/VA accounts |
| Nuveen (parent) | Vice President (since 2010); Associate General Counsel (since 2016); formerly Assistant General Counsel (2008–2016) | 2008–present | Senior legal leadership supporting fund complex operations |
External Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Not disclosed in Fund filings reviewed | — | — | Officer biographies list internal Nuveen/TIAA roles; no external directorships disclosed for Winget in the proxies reviewed |
Fixed Compensation
Officers of the Funds serve without any compensation from the Funds; the Funds have no employees. Any officer compensation (e.g., base salary/bonus) is paid by the adviser (Nuveen/TIAA affiliates) and is not itemized for Winget in JGH’s proxy.
| Component | Disclosure at Fund (JGH) | Notes |
|---|---|---|
| Base salary | Not paid by Fund (not disclosed in proxy) | Officers serve without any compensation from the Funds |
| Target bonus % | Not paid by Fund (not disclosed in proxy) | Adviser-level matter, not disclosed for Winget in Fund filings |
| Actual bonus | Not paid by Fund (not disclosed in proxy) | Adviser-level matter |
| Perquisites | Not disclosed for officers | Proxies discuss Independent Board Member compensation; officers receive no Fund compensation |
| Pension/Deferred comp | Not disclosed for officers | Deferred compensation discussed only for Independent Board Members |
Performance Compensation
No fund-level performance-based compensation is disclosed for officers; the CCO’s compensation is paid by the adviser (with Board input) and a portion of CCO incentive comp is reimbursed by the Funds. No PSU/RSU/option or metric/payout disclosures exist for Winget at the Fund level.
| Incentive Type | Performance Metrics | Weighting | Target | Actual | Payout | Vesting |
|---|---|---|---|---|---|---|
| Officer incentives at Fund | Not applicable (officers not compensated by Fund) | — | — | — | — | — |
Note: “The officers of the Funds serve without any compensation from the Funds.” The CCO’s compensation is paid by the Adviser, with Board input; the Funds reimburse an allocable portion of the Adviser’s cost of the CCO’s incentive compensation .
Equity Ownership & Alignment
| Item | Disclosure |
|---|---|
| Individual beneficial ownership (Winget) | Not separately disclosed; as of Feb 18, 2025, “the Board Members and executive officers as a group beneficially owned less than 1% of the outstanding shares of each Fund” |
| Ownership as % of SO | <1% as a group of Board Members and officers |
| Vested vs. unvested shares | Not disclosed for officers |
| Options (exercisable/unexercisable) | Not disclosed for officers |
| Shares pledged/hedging | Not disclosed in the Fund proxies reviewed |
| Stock ownership guidelines | Not disclosed for officers of the Funds |
Employment Terms
| Term | Disclosure |
|---|---|
| Position | Vice President and Secretary |
| Term of office | Indefinite; elected by Board; Length of Time Served: Since 2008 (Nuveen fund complex officer) |
| Employment contract term/expiration | Not disclosed (officer of Fund; Fund has no employees) |
| Severance/change‑of‑control provisions | Not disclosed for officers at the Fund level |
| Non‑compete/Non‑solicit/Garden leave | Not disclosed in Fund filings reviewed |
| Post‑termination consulting | Not disclosed for officers |
| Signing authority/filings | Signed the Fund’s 8‑K as Vice President and Secretary (October 13, 2023) |
Additional Context and Track Record
- Role scope: Winget’s officer biography emphasizes governance/legal roles across Nuveen and TIAA affiliates (Teachers Advisors, TIAA‑CREF Investment Management, Nuveen Asset Management), consistent with corporate secretary/legal leadership rather than investment management .
- Governance actions: As Fund Secretary, Winget signed the 8‑K announcing Board consolidation across the Fund complex to improve scale and efficiency (cost savings, negotiating leverage, standardized servicing) .
- Board vs. officer pay: Proxies detail Independent Board Member compensation structures (retainers, committee fees, increases effective Jan 1, 2024 and Jan 1, 2025), but officers receive no Fund compensation and thus show no pay‑for‑performance alignment at the registrant level .
Investment Implications
- Alignment and selling pressure: With no fund-level compensation and no disclosed equity awards, there is minimal direct insider equity‑vesting or selling pressure attributable to Winget at JGH; insider alignment is driven by adviser‑level pay (undisclosed) rather than Fund TSR/metrics .
- Retention risk: Long service since 2008 suggests role continuity; retention hinges on Nuveen/TIAA compensation and employment terms, which are not disclosed in Fund filings .
- Governance signal: Active in Board process and filings (e.g., 8‑K for Board consolidation), indicating a focus on fund‑complex governance efficiency; however, this does not translate into pay‑for‑performance levers at the JGH registrant level .
- Monitoring: Officer‑level compensation, equity, and any pledging/hedging are not disclosed in the Fund proxies; monitor Section 16 filings (Form 4) and adviser disclosures for any changes to alignment or potential trading signals (not available in these documents) .