Nathaniel T. Jones
About Nathaniel T. Jones
Nathaniel T. Jones serves as Vice President and Treasurer of Nuveen Global High Income Fund (JGH) with an indefinite term and length of service since 2016; he is a Senior Managing Director at Nuveen and a Chartered Financial Analyst . In Nuveen group disclosures, he is listed as President of Nuveen Fund Advisors, LLC and Head of Public Product at Nuveen, reflecting senior operating responsibility across the fund complex . Fund performance context under his treasury tenure: as of June 30, 2024, JGH delivered 1-year NAV total return of 15.65% and market price total return of 26.87%, with effective leverage of 27.76% and a NAV of $13.36 versus market price of $12.79 .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Nuveen Global High Income Fund (JGH) | Vice President and Treasurer | Since 2016 | Fund officer overseeing treasury and related functions (not separately detailed) |
| Nuveen Fund Advisors, LLC | President | Not disclosed | Senior leadership of the adviser supporting fund operations |
| Nuveen (Parent) | Senior Managing Director; Head of Public Product | Not disclosed | Leadership of product strategy across the public funds complex |
External Roles
- Not disclosed for Jones in JGH filings. If any existed, they were not included in the fund’s proxy or registration statements .
Fixed Compensation
- Officers receive no compensation from the Funds (JGH has no employees; officers are elected annually by the Board and are paid by the Adviser). The CCO’s compensation is paid by the Adviser with Board review; the Fund reimburses an allocable portion of the Adviser’s CCO incentive compensation .
| Component | Disclosure |
|---|---|
| Base Salary | Not paid by JGH; paid by Adviser |
| Target Bonus % | Not disclosed by JGH |
| Actual Bonus Paid | Not disclosed by JGH |
| Perquisites | Not disclosed by JGH |
Performance Compensation
- No fund-level performance compensation disclosures for officers; compensation structures (RSUs/PSUs/options) are not reported at the fund level. Officers receive no compensation from JGH; any incentive pay resides at the Adviser and is not detailed in JGH filings .
| Metric | Weighting | Target | Actual | Payout | Vesting |
|---|---|---|---|---|---|
| Not disclosed | — | — | — | — | — |
Equity Ownership & Alignment
- Individual officer beneficial ownership in JGH is not itemized; the proxy reports group holdings for Board Members and Officers combined. As of December 31, 2024, the group held 16,475 JGH shares; named board members generally showed $0 to low ranges in JGH across the complex . Officers receive no fund-based equity awards and no pledging disclosures are provided for officers .
| Item | Value |
|---|---|
| Individual JGH holdings for Jones | Not disclosed |
| Officers/Board group JGH shares | 16,475 |
| Shares pledged as collateral | Not disclosed |
| Stock ownership guidelines (officers) | Not disclosed at fund level |
Employment Terms
| Term Element | Disclosure |
|---|---|
| Office/Role | Vice President and Treasurer of JGH |
| Term | Indefinite; officers elected annually to serve until successors are elected and qualified |
| Length of Service | Since 2016 |
| Employer | Nuveen Fund Advisors, LLC (Adviser); compensation paid by Adviser |
| Severance / Change-of-Control | Not disclosed in JGH filings |
| Clawback provisions | Not disclosed in JGH filings |
| Non-compete / Non-solicit | Not disclosed in JGH filings |
| Garden leave / Consulting post-termination | Not disclosed in JGH filings |
Fund Performance Context (during his tenure)
| Metric | Since Inception | 5-Year | 1-Year | 6-Month |
|---|---|---|---|---|
| NAV Total Return | 4.11% | 2.89% | 15.65% | 4.66% |
| Share Price Total Return | 5.61% | 5.67% | 26.87% | 10.07% |
| Period End | NAV per Share | Share Price |
|---|---|---|
| 12/31/2019 | $18.14 | $16.38 |
| 12/31/2020 | $16.97 | $15.55 |
| 12/31/2021 | $16.63 | $15.88 |
| 12/31/2022 | $12.79 | $11.25 |
| 12/31/2023 | $13.37 | $12.20 |
| 6/30/2024 | $13.36 | $12.79 |
Additional portfolio context as of June 30, 2024: Effective leverage 27.76%, corporate bonds 80.8% of net assets, sovereign debt 17.0%, senior loans 15.9%; top issuers include Pemex (1.9%), Brightline East (1.7%), Level 3 Financing (1.5%), Organon Term Loan B (1.5%), Phoenix Newco (1.4%) .
Board/Officer Structure Notes
- Officers receive no compensation from JGH; the Board Members’ compensation is disclosed and paid by each Fund; officer biographies list Jones’ role and credentials. Officers are elected annually by the Board to serve until successors are elected and qualified .
Investment Implications
- Pay-for-performance alignment at the fund level is not assessable for Jones because JGH discloses no officer compensation; all pay is at the Adviser and not reported in JGH filings, limiting visibility into bonus metrics, vesting schedules, severance, and change-of-control terms .
- Insider selling pressure and pledging risk appear low at the fund level: officers receive no fund equity compensation and individual officer holdings are not disclosed; group beneficial ownership in JGH is modest (16,475 shares), suggesting minimal direct equity incentives tied to JGH .
- Retention risk is more a function of Nuveen/TIAA policies than fund governance: Jones holds senior roles (President of Nuveen Fund Advisors; Head of Public Product), indicating enterprise-level responsibilities; officer terms for the fund are indefinite with annual election, and no employment contract economics are disclosed at the fund level .
- For trading signals tied to management execution, use fund performance and portfolio positioning: JGH’s strong 1-year returns and discount to NAV imply market sentiment and leverage dynamics; treasury oversight under Jones operates within Nuveen’s adviser framework rather than individual incentive structures .