Joseph Castro
About Joseph Castro
Joseph T. Castro serves as Vice President of Nuveen Credit Strategies Income Fund (JQC) with a term of office designated as “indefinite” and length of service since 2025; his principal occupation is Executive Vice President and Chief Risk and Compliance Officer at Nuveen, and he formerly served as Senior Managing Director and Head of Compliance at Nuveen and Senior Managing Director at Nuveen Fund Advisors, LLC, Nuveen Securities, LLC and Nuveen, LLC (business address: 333 West Wacker Drive, Chicago, IL 60606; year of birth: 1964) . Officers, including Castro, receive no compensation from the Fund and are elected by the Board on an annual basis to serve until successors are elected and qualified . As a fund officer (not a portfolio manager), there are no disclosed fund‑level pay‑for‑performance metrics or fund‑equity awards tied to his role in JQC’s proxy disclosures .
Past Roles
| Organization | Role/Title | Years | Strategic Impact/Notes |
|---|---|---|---|
| Nuveen | Executive Vice President, Chief Risk and Compliance Officer | Not disclosed | Current principal occupation listed in JQC proxy/N-2ASR officer roster |
| Nuveen | Senior Managing Director and Head of Compliance (former) | Not disclosed | Prior role noted in JQC proxy officer biography |
| Nuveen Fund Advisors, LLC; Nuveen Securities, LLC; Nuveen, LLC | Senior Managing Director (former) | Not disclosed | Prior affiliated roles noted in JQC proxy officer biography |
Fixed Compensation
| Component | 2024/2025 Fund Disclosure | Notes |
|---|---|---|
| Officer compensation from JQC (cash/equity) | None (officers receive no compensation from the Fund) | Officers are compensated by affiliates (e.g., Nuveen) rather than by the Fund; the proxy provides no salary/bonus amounts for officers at the Fund level . |
| Election cadence | Officers elected annually by the Board to serve until successors are elected/qualified | Term listed as “indefinite”; service since 2025 for Castro . |
Performance Compensation
| Metric | Weighting | Target | Actual | Payout | Vesting |
|---|---|---|---|---|---|
| Not disclosed for Fund officers | — | — | — | — | — |
- The proxy states officers receive no compensation from the Fund; there are no disclosed fund‑level incentive plans, equity awards (RSUs/PSUs/options), or performance metrics tied to Castro’s fund officer role .
Equity Ownership & Alignment
| Item | Detail |
|---|---|
| Individual officer (Castro) beneficial ownership in JQC | Not separately disclosed in the proxy (officers are not itemized for fund share ownership) . |
| Board members and officers as a group – JQC (Credit Strategies) shares owned (as of 12/31/2024) | 2,714 shares . |
| Officer/Trustee compensation and ownership policy notes | Independent Trustees receive Fund/complex compensation; officers affiliated with Nuveen serve without compensation from the Fund . |
| Code of Ethics (personal trading/conflicts) | Combined Code of Ethics restricts personal investments that conflict with client transactions; personnel may purchase Fund shares subject to Code restrictions; text-only version available via SEC EDGAR . |
Employment Terms
| Term | Disclosure |
|---|---|
| Title/Function | Vice President (Fund officer) . |
| Term of office | Indefinite . |
| Length of service with the Funds | Since 2025 . |
| Election/renewal | Officers are elected annually by the Board and serve until successors are elected/qualified . |
| Compensation from the Fund | None (officers receive no compensation from the Fund) . |
| Indemnification | Officers are “Covered Persons” and are indemnified to the fullest extent permitted by law, subject to exceptions for willful misfeasance, bad faith, gross negligence, or reckless disregard of duties, per the Declaration of Trust . |
| Code of Ethics | Combined Code of Ethics governs personal investing and conflicts; personnel may invest subject to restrictions . |
Investment Implications
- No fund-level pay-for-performance alignment or equity awards: Castro’s officer role is not compensated by JQC and carries no disclosed fund equity or incentive metrics, limiting direct pay/TSR alignment and typical insider-selling pressure triggers at the fund level .
- Ownership transparency is limited for officers: The proxy aggregates fund share ownership for board members and officers as a group (2,714 JQC shares as of 12/31/2024) without disclosing Castro’s individual holdings, reducing visibility into his “skin-in-the-game” and potential trading signals .
- Governance and risk framework are formalized: Annual officer elections, indefinite term structure, robust indemnification clauses, and a combined Code of Ethics provide structure and guardrails but do not create fund-specific retention economics or change‑of‑control triggers for officers in the disclosures reviewed .
Notes: All data reflect fund‑level disclosures. Compensation, employment agreements, severance/change‑of‑control terms, and pledging/hedging specifics for Castro at Nuveen are not disclosed in JQC filings and thus cannot be evaluated from the Fund’s proxy/registration materials .