Mark L. Winget
About Mark L. Winget
Vice President and Secretary of Nuveen Real Asset Income and Growth Fund (JRI), serving as a fund officer since 2008 with legal and corporate secretarial responsibilities across the Nuveen/TIAA fund complex. Year of birth: 1968; primary business address: 333 West Wacker Drive, Chicago, IL 60606. Current roles include Vice President and Associate General Counsel across Nuveen entities and affiliated advisers; education not disclosed; fund proxies do not present officer-level TSR or operating performance metrics.
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Nuveen Securities, LLC | Vice President & Assistant Secretary | Since 2008 | Legal administration and corporate secretarial support for Nuveen closed-end funds. |
| Nuveen Fund Advisors, LLC | Vice President & Assistant Secretary | Since 2019 | Governance and fund administration alignment for closed-end funds. |
| Nuveen Asset Management, LLC | Vice President, Associate General Counsel & Assistant Secretary | Since 2020 | Legal oversight supporting investment management operations. |
| Nuveen, LLC | Vice President (since 2010) & Associate General Counsel (since 2019) | Since 2010/2019 | Broader corporate legal leadership across the Nuveen platform. |
| Nuveen/TIAA fund complex (multiple funds) | Vice President & Secretary (fund officer) | Since 2008 | Corporate secretary duties across joint proxy matters; signatory authority. |
External Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Not disclosed in JRI proxy statements | — | — | No external directorships or third-party roles noted for Winget. |
Fixed Compensation
| Component | Disclosure | Notes |
|---|---|---|
| Base salary | Not disclosed by the Fund | Officers receive no compensation from the Funds; compensation (e.g., for the CCO) is paid by the Adviser; Fund may reimburse an allocable portion of the Adviser’s cost of the CCO’s incentive comp. |
| Target bonus % | Not disclosed by the Fund | No officer cash compensation paid by the Fund disclosed. |
| Actual bonus paid | Not disclosed by the Fund | — |
| Perquisites | Not disclosed by the Fund | — |
| Pension/SERP | Funds do not have retirement or pension plans | Deferred comp is available only to Independent Board Members; not applicable to officers. |
Performance Compensation
| Metric | Weighting | Target | Actual | Payout | Vesting |
|---|---|---|---|---|---|
| Not applicable to fund officers | — | — | — | Officers receive no compensation from the Funds; no PSU/RSU or option plans disclosed at the fund level for officers. | — |
Equity Ownership & Alignment
| Item | Disclosure | Notes |
|---|---|---|
| Total beneficial ownership (Winget) | Not disclosed individually | Proxy provides group totals for Board Members and officers; individual officer holdings not itemized. |
| Group beneficial ownership (Fund Complex) | See table | “All Board Members/Nominees and Officers as a Group” held 6,655 Real Asset shares and other fund positions as of 12/31/2024; not attributable to Winget individually. |
| Shares pledged as collateral | Not disclosed | No pledging disclosure for officers. |
| Ownership guidelines (officers) | Not disclosed | Director deferred comp discussed; no officer ownership guideline disclosed. |
| Section 16(a) compliance | Funds state compliance in last fiscal year | Board Members and officers complied with applicable Section 16(a) filing requirements. |
Group Beneficial Ownership Snapshot (as of 12/31/2024)
| Fund | Shares (All Board Members/Nominees and Officers as a Group) |
|---|---|
| Preferred & Income Opportunities | 3,835 |
| Real Asset (JRI) | 6,655 |
| Real Estate Income | 1,344 |
| S&P Buy-Write | 6,690 |
Employment Terms
| Term Element | Disclosure | Notes |
|---|---|---|
| Title | Vice President and Secretary | Current in 2025. |
| Term of office | Indefinite | Officers elected by the Board; service continues until successors are elected and qualified. |
| Length of service | Since 2008 | Tenure as officer in Nuveen fund complex. |
| Employment contract | Not disclosed | No employment agreement terms in fund proxy. |
| Severance/COC | Not disclosed | No severance or change-of-control economics disclosed for officers. |
| Clawbacks | Not disclosed | — |
| Non-compete / Non-solicit | Not disclosed | — |
| Garden leave / consulting | Not disclosed | — |
| Signatory authority | Yes | Signed on behalf of JRI in Form 8-K. |
Additional Governance Context
- Officer Compensation Structure: Fund officers receive no compensation from the Funds; the CCO’s compensation is paid by the Adviser with partial reimbursement of incentive compensation by the Funds, suggesting officer pay sits within Nuveen/TIAA corporate structures rather than fund-level plans.
- Board Consolidation Initiative: 8-K detailed consolidation of fund complex boards to harmonize oversight and reduce costs; Winget executed the filing as Vice President and Secretary, indicating administrative centrality rather than variable compensation levers.
- Meetings & Oversight: Extensive board and committee activities across the complex underscore governance rigor; however, these do not translate to officer incentive metrics.
Investment Implications
- Alignment and Selling Pressure: Absence of fund-paid equity awards, options, or vesting schedules for officers implies minimal insider selling pressure and low near-term technical overhang related to executive vesting; insider alignment is via Nuveen/TIAA employment rather than fund equity incentives.
- Retention Risk: Winget’s long tenure (since 2008) and expanded legal roles across Nuveen/TIAA entities point to low retention risk; responsibilities are administrative/legal rather than investment decision-making, limiting direct linkage to portfolio performance.
- Trading Signals: No disclosed RSU/PSU/option programs or officer-level performance metrics tied to TSR/EBITDA reduce compensation-derived trading signals for JRI; Section 16(a) compliance noted, and no officer-level ownership pledging red flags disclosed.
- Governance Stability: Board consolidation and standardized oversight processes support operational efficiency; for investors, Winget’s role reflects stable corporate governance execution rather than alpha-driving functions, so fundamental drivers for JRI should center on asset mix, income coverage, leverage policy, and market valuations rather than officer incentives.