Nathaniel Jones
About Nathaniel Jones
Nathaniel T. Jones serves as Vice President and Treasurer of Nuveen Credit Strategies Income Fund (JQC) with an indefinite term and length of service since 2016; he is a Senior Managing Director at Nuveen and Nuveen Fund Advisors, LLC and is a Chartered Financial Analyst. His filing profile lists his business address as 333 West Wacker Drive, Chicago, IL 60606 and year of birth as 1979 . Officers receive no compensation from the Fund; compensation is paid by the adviser, and fund filings do not disclose individual officer pay details or performance-linked compensation metrics . Fund-level performance metrics and TSR attribution to the Treasurer are not disclosed in JQC’s proxy materials.
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Nuveen | Vice President | 2011–2016 | Not disclosed |
| Nuveen | Senior Vice President | 2016–2017 | Not disclosed |
| Nuveen | Managing Director / Senior Managing Director | Since 2017 | Not disclosed |
| Nuveen Fund Advisors, LLC | Managing Director | Since 2015 | Not disclosed |
| JQC (Fund Officer) | Vice President and Treasurer | Since 2016 (indefinite term) | Treasurer for the Fund (duties not detailed) |
External Roles
| Organization | Role | Years | Notes |
|---|---|---|---|
| None disclosed in Fund filings | — | — | Officer tables list only Nuveen/NFA roles for Jones; no external directorships disclosed |
Fixed Compensation
Officers receive no compensation from the Funds; the Funds have no employees. Compensation for the Chief Compliance Officer is paid by the Adviser with Board review; other officer compensation is not disclosed in Fund filings.
| Component | Disclosure Status | Source |
|---|---|---|
| Base salary | Not disclosed by Fund (officers paid by Adviser) | |
| Target bonus % / actual bonus | Not disclosed by Fund | |
| Perquisites | Not disclosed by Fund | |
| Pension/SERP | Not disclosed by Fund |
Performance Compensation
No performance-linked compensation details (metrics, weightings, vesting schedules) are disclosed for Fund officers.
| Metric | Weighting | Target | Actual | Payout | Vesting |
|---|---|---|---|---|---|
| Not disclosed for Fund officers | — | — | — | — | — |
| Note: Portfolio manager compensation methodology is disclosed for PMs (not Jones), including base salary, cash bonus based on multi-period risk-adjusted performance and peer rankings, and a 3-year long-term performance award; PM ownership in JQC: “None” as of Jan 31, 2025 . | — | — | — | — | — |
Equity Ownership & Alignment
Individual officer beneficial ownership in JQC is not itemized; aggregate group ownership is disclosed. The governance principle requiring at least one year of compensation invested applies to Board Members, not Fund officers .
| Item | Value | Source |
|---|---|---|
| JQC common shares outstanding (record date Feb 18, 2025) | 135,609,290 | |
| JQC TFP preferred shares outstanding (Series A) | 140,000 | |
| Board Members and officers as a group – JQC shares owned (Dec 31, 2024) | 2,714 | |
| Group ownership as % of common shares outstanding | Less than 1% (explicit statement) | |
| Individual ownership for Nathaniel T. Jones | Not disclosed | |
| Shares pledged as collateral | Not disclosed |
Employment Terms
| Term Element | Disclosure | Source |
|---|---|---|
| Title | Vice President and Treasurer | |
| Start/Length of Service | Since 2016; term: Indefinite | |
| Election/Appointment | Officers elected by the Board; serve until successors are elected and qualified | |
| Employment contract | Not disclosed | |
| Severance / Change-of-control | Not disclosed | |
| Non-compete / Non-solicit | Not disclosed | |
| Clawbacks / Gross-ups | Not disclosed |
Risk Indicators & Compliance Notes
- Delinquent Section 16(a) reporting history: JQC’s 2019 proxy notes Nathaniel T. Jones filed late Form 4s with respect to other Nuveen funds (Intermediate Duration, Senior Income, Tax-Advantaged Return) . JQC’s 2025 proxy states Board Members/officers complied with applicable Section 16(a) requirements in the last fiscal year and the previous fiscal year .
- Insider ownership concentration: Board Members and executive officers as a group own less than 1% of JQC shares; limited “skin in the game” at the fund level .
- Hedging/pledging, option repricing, related-party transactions: No disclosures indicating such activities for Jones in fund filings reviewed .
Investment Implications
- Limited pay-for-performance visibility: As a closed-end fund, officer compensation is paid by the Adviser and not disclosed at the fund level, reducing direct linkage between Jones’s pay and JQC performance; this limits compensation-alignment analysis .
- Low insider ownership and selling pressure: Aggregate ownership by Board/officers is de minimis (<1%); lack of Form 4 activity in fund filings for Jones reduces near-term selling pressure signals but also weakens alignment incentives .
- Retention risk tied to Nuveen: Jones’s tenure (Treasurer since 2016) and Senior Managing Director roles at Nuveen/NFA suggest stability; however, without employment terms, severance, or change-of-control disclosures, retention economics are opaque at the fund level .
- Governance robust at Board level but not officer-specific: Board committees, meeting cadence, and governance standards are well-defined; officer oversight is through Board processes, not individualized contracts, implying reliance on adviser HR/compensation structures rather than fund-specific incentives .