Jon Meissner
About Jon Meissner
Jon Scott Meissner (born 1973) serves as Vice President and Assistant Secretary of Nuveen Credit Strategies Income Fund (JQC) and has held this officer role across the Nuveen closed‑end fund complex since 2019. He is a Managing Director focused on mutual fund tax and expense administration across the College Retirement Equities Fund (CREF), TIAA‑CREF Funds, TIAA‑CREF Life Funds, and TIAA Separate Account VA‑1, and also a Managing Director of Nuveen Fund Advisors, LLC; previously he led mutual fund tax and financial reporting groups at Nuveen and held senior roles at Teachers Advisors/TIAA since 2004 . For context on the fund’s recent performance during his tenure, JQC’s total returns as of January 31, 2025 were 10.79% (1‑yr) and 4.15% (5‑yr) at NAV, with market‑price returns of 16.63% (1‑yr) and 5.84% (5‑yr) and a (4.77)% discount to NAV, illustrating market demand and distribution sustainability dynamics typical for leveraged loan CEFs .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Nuveen (Fund Advisors/Corporate) | Managing Director, Mutual Fund Tax and Financial Reporting; later Managing Director, Mutual Fund Tax and Expense Administration | Since 2017; role description updated by 2025 | Oversight of fund complex tax, expense administration and financial reporting processes supporting registered funds (including closed‑end funds) . |
| Nuveen Fund Advisors, LLC | Managing Director | Since 2019 | Senior leadership in adviser entity serving fund complex; supports officer responsibilities across Nuveen closed‑end funds . |
| Teachers Advisors, LLC; TIAA‑CREF Investment Management, LLC | Senior Director | Since 2016 | Senior tax/financial reporting leadership for TIAA‑affiliated funds . |
| TIAA (various) | Various positions | Since 2004 | Progressive leadership in fund taxation and reporting supporting large multi‑fund complex . |
External Roles
No external directorships or public company board roles are disclosed for Meissner in the Fund’s proxy officer biographies .
Fixed Compensation
The Fund pays no compensation directly to its officers; remuneration for officer services (including Meissner) is paid by the adviser or its affiliates. Consequently, JQC does not disclose Meissner’s base salary, bonus, or perquisites at the fund level .
Performance Compensation
No fund‑level disclosure of individual officer incentive metrics (e.g., TSR, revenue growth, ESG) or vesting schedules exists for Meissner because officer compensation is paid by the adviser (Nuveen/TIAA) and not the Fund. The Fund therefore provides no target/actual payout tables for officers .
Equity Ownership & Alignment
| Item | Details |
|---|---|
| Initial insider ownership at JQC | Form 3 filed Oct 2019 reported “No securities are beneficially owned.” (Vice President) . |
| Subsequent insider filings | No later JQC insider ownership filings by Meissner were identified in the Fund’s filings catalog returned by our search (context only; see Form 3 above) . |
| Shares pledged/hedged | Not disclosed in Fund filings for Meissner . |
| Fund officers’ pay source | Officers (including Meissner) are compensated by the adviser, not the Fund (limits disclosure of equity awards/vesting at fund level) . |
Employment Terms
| Term | Disclosure |
|---|---|
| Officer title | Vice President and Assistant Secretary . |
| Start of service with Nuveen funds | Since 2019 (Length of Service) . |
| Term of office | Indefinite for officer role at the Fund . |
| Employment agreement, severance, change‑of‑control | Not disclosed at the fund level for officers; no severance or CoC terms provided for Meissner in JQC filings . |
| Clawback/tax gross‑ups | Not disclosed for officers at the fund level . |
Performance & Track Record (Fund Context)
| Measure | As of Jan 31, 2023 | As of Jan 31, 2025 |
|---|---|---|
| JQC total return at NAV (1‑yr) | (5.59)% | 10.79% |
| JQC total return at NAV (5‑yr) | 1.83% | 4.15% |
| JQC total return at NAV (10‑yr) | 3.19% | 4.00% |
| JQC total return at Price (1‑yr) | (7.97)% | 16.63% |
| JQC total return at Price (5‑yr) | 3.60% | 5.84% |
| JQC total return at Price (10‑yr) | 3.09% | 5.92% |
| Premium/(Discount) to NAV | (8.59)% (as of Jan 31, 2023; via NAV/price table) | (4.77)% (as of Jan 31, 2025) |
Notes:
- Disclosed returns are fund‑level and reflect the strategy’s execution and market conditions; Meissner is an administrative officer, not a portfolio manager .
Investment Implications
- Alignment and trading signals: Meissner’s initial Form 3 reported no beneficial JQC ownership, indicating no direct insider exposure to JQC shares and minimal insider selling pressure risk from his position. With officer compensation paid by the adviser and not the Fund, there are no fund‑level equity grants, options, or vesting schedules disclosed that would create time‑bound selling pressure around vesting events .
- Retention/contract risk: JQC filings provide no individual employment agreement, severance multiples, or change‑of‑control provisions for officers, implying retention economics are governed by Nuveen/TIAA corporate arrangements rather than fund‑specific contracts .
- Pay‑for‑performance visibility: Absent fund‑level officer pay disclosure, investors cannot directly assess Meissner’s incentive metrics or pay mix; focus should remain on portfolio management disclosures and fund performance, discount dynamics, leverage, and distribution coverage when evaluating forward returns .
- Governance context: Officer terms are indefinite and part of a standardized Nuveen fund complex structure; JQC’s 2023 board consolidation across the fund complex streamlined oversight but did not change officer disclosure practices, keeping officer compensation opaque at the fund level .