Jeremy D. Franklin
About Jeremy D. Franklin
Jeremy D. Franklin (year of birth: 1983) serves as Vice President and Assistant Secretary of Nuveen Quality Municipal Income Fund (NAD) with an indefinite term, elected annually by the Board; he has served since 2024 and is based at 8500 Andrew Carnegie Blvd., Charlotte, NC 28262 . His principal occupations during the past five years include Managing Director and Assistant Secretary at Nuveen Fund Advisors, LLC; Vice President, Associate General Counsel and Assistant Secretary at Nuveen Asset Management, LLC, Teachers Advisors, LLC, and TIAA‑CREF Investment Management, LLC; Vice President and Associate General Counsel at Teachers Insurance and Annuity Association of America; and officer roles at TIAA‑CREF Funds, TIAA‑CREF Life Funds, TIAA Separate Account VA‑1, and the College Retirement Equities Fund . Officers receive no compensation from the Funds and are elected annually by the Board to serve until successors are elected and qualified .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Nuveen Fund Advisors, LLC | Managing Director and Assistant Secretary | Past 5 years (per proxy) | Senior legal and governance oversight across Nuveen closed-end/mutual funds |
| Nuveen Asset Management, LLC | Vice President, Associate General Counsel, Assistant Secretary | Past 5 years (per proxy) | Legal counsel supporting asset management and fund operations |
| Teachers Advisors, LLC | Vice President, Associate General Counsel, Assistant Secretary | Past 5 years (per proxy) | Legal oversight for advisor to TIAA‑CREF funds |
| TIAA‑CREF Investment Management, LLC | Vice President, Associate General Counsel, Assistant Secretary | Past 5 years (per proxy) | Legal support for investment management entity |
| Teachers Insurance and Annuity Association of America | Vice President, Associate General Counsel | Past 5 years (per proxy) | Corporate legal responsibilities at TIAA |
| TIAA‑CREF Funds; TIAA‑CREF Life Funds; TIAA Separate Account VA‑1; College Retirement Equities Fund | Vice President/Assistant Secretary (various officer roles) | Past 5 years (per proxy) | Fund governance, legal administration across registered products |
External Roles
No external public company directorships or committee roles are disclosed for Jeremy D. Franklin in NAD’s proxy materials .
Fixed Compensation
| Component | Latest Status |
|---|---|
| Compensation from NAD (Fund) | Officers receive no compensation from the Funds |
Performance Compensation
Not applicable in Fund disclosures; officers receive no compensation from the Funds and there are no Fund‑level performance pay metrics disclosed for officers .
Equity Ownership & Alignment
| Metric | FY 2024 | FY 2025 |
|---|---|---|
| Fund Shares Owned by Board Members and Officers as a Group — “Quality Income” (shares) | 21,415 | 35,764 |
- As of June 13, 2024, each Board Member’s individual beneficial shareholdings of each Fund constituted less than 1% of the outstanding shares, and the Board Members and executive officers as a group beneficially owned less than 1% of the outstanding shares of each Fund .
Employment Terms
| Term of Office | Length of Service | Elected By | Compensation from Fund |
|---|---|---|---|
| Indefinite | Since 2024 | Board (officers elected annually) | Officers receive no compensation from the Funds |
Additional Governance and Context
- Board consolidation: On October 13, 2023, NAD announced consolidation of fund boards within the Nuveen/TIAA complex, appointing additional independent Board members effective January 1, 2024 to realize cost efficiencies and standardized oversight across the complex .
- Board/committee activity: The fund complex reports robust Board and committee meeting activity (e.g., Audit, Nominating & Governance, Compliance, Dividend), underscoring established governance processes, though these do not directly relate to officer compensation or incentives .
Investment Implications
- Compensation alignment: Franklin’s role is administrative/legal; officers receive no compensation from NAD, so there is no Fund‑level pay‑for‑performance linkage or equity‑based vesting pressure attributable to his position .
- Insider selling pressure: With no Fund compensation and no individual officer ownership disclosure, near‑term selling pressure signals tied to his incentives are limited; group ownership in the Fund is de minimis (<1%) as disclosed .
- Retention/contract risk: The proxy discloses no individual employment agreement, severance, or change‑of‑control terms for officers; officers are elected annually with indefinite terms, suggesting retention dynamics are governed by the adviser (Nuveen/TIAA) rather than the Fund itself .
- Trading signals: Absent officer‑level incentive metrics, pledging/hedging disclosures, or Form 4 activity in Fund materials for Franklin, there are minimal executive‑specific trading indicators at the Fund level; governance changes (board consolidation) focus on efficiency rather than executive incentive realignment .