Nathaniel T. Jones
About Nathaniel T. Jones
Vice President and Treasurer of Nuveen Quality Municipal Income Fund (NAD), serving since 2016; based in Chicago (333 West Wacker Drive), year of birth 1979, and a Chartered Financial Analyst. He is Senior Managing Director, Head of Public Product at Nuveen, and President (formerly Senior Managing Director) of Nuveen Fund Advisors, LLC . His career progression at Nuveen includes Senior Vice President (2016–2017), Managing Director (2017–2021), and Senior Managing Director (since 2021); he has been Managing Director at Nuveen Fund Advisors, LLC since 2015 . Officers of the Funds receive no compensation from the Funds and are elected annually by the Board to serve until successors are elected and qualified, limiting fund-level pay-for-performance levers for officers .
Past Roles
| Organization | Role | Years | Strategic Impact/Notes |
|---|---|---|---|
| Nuveen Quality Municipal Income Fund (NAD) | Vice President and Treasurer | Term: Indefinite; Length of Service: Since 2016 | Officer of the Fund, elected annually; officers receive no compensation from the Funds |
| Nuveen (LLC) | Senior Managing Director; Head of Public Product | Senior Managing Director since 2021 | Product leadership across Nuveen’s public investment offerings |
| Nuveen | Managing Director | 2017–2021 | Senior leadership roles at Nuveen |
| Nuveen | Senior Vice President | 2016–2017 | Executive responsibility at Nuveen |
| Nuveen Fund Advisors, LLC | President; formerly Senior Managing Director | Status disclosed without specific years | Executive leadership of Nuveen Fund Advisors |
| Nuveen Fund Advisors, LLC | Managing Director | Since 2015 | Executive role at the Fund’s adviser |
External Roles
| Organization | Role | Years | Notes |
|---|---|---|---|
| CFA Institute | Chartered Financial Analyst | Not disclosed | Professional credential as listed in officer biography |
Fixed Compensation
| Compensation Element | Fund-Level Disclosure | Notes |
|---|---|---|
| Base Salary | Not paid by the Funds | Officers serve without compensation from the Funds; compensation (e.g., for the CCO) is paid by the Adviser |
| Annual Bonus | Not paid by the Funds | Officers’ incentive compensation (e.g., CCO) is paid by the Adviser, with the Funds reimbursing an allocable portion for the CCO’s incentive compensation |
| Pension/SERP | None at Fund level | “The Funds do not have retirement or pension plans.” Deferred compensation applies to Independent Board Members, not officers |
| Deferred Compensation | Independent Board Members only | Deferred Compensation Plan available to Independent Board Members; not applicable to officers |
Performance Compensation
| Metric | Weighting | Target | Actual | Payout | Vesting |
|---|---|---|---|---|---|
| Fund-level officer incentive metrics | Not applicable | Not applicable | Not applicable | Not applicable | Not applicable |
| Notes | Officers are not compensated by the Funds; recovery of erroneously awarded compensation is “Not applicable” in NAD’s semi-annual report | ||||
| Citations | Officers’ compensation not paid by the Funds | Recovery item “Not applicable” |
Equity Ownership & Alignment
| Item | Disclosure |
|---|---|
| Officer/Board group beneficial ownership (general) | As of June 20, 2025, each Board Member’s individual beneficial shareholding in each Fund was less than 1% of outstanding shares; Board Members and officers as a group beneficially owned less than 1% of outstanding shares of each Fund |
| Fund shares outstanding (NAD Common) | 233,404,655 |
| Board Members and Officers as a Group – NAD (Quality Income) | 35,764 shares |
| Pledging/Hedging | Not disclosed in NAD filings |
| Ownership guidelines | Board Members are expected to invest at least the equivalent of one year of compensation in funds in the Fund Complex; this principle applies to Board Members, not officers |
Employment Terms
| Term | Disclosure |
|---|---|
| Position at NAD | Vice President and Treasurer |
| Term of Office | Indefinite; Length of Service: Since 2016 |
| Election/Process | Officers are elected annually by the Board and serve until successors are elected and qualified |
| Employer/Primary Roles | Senior Managing Director, Head of Public Product at Nuveen; President (formerly Senior Managing Director) of Nuveen Fund Advisors, LLC |
| Severance/Change-of-Control | Not disclosed in NAD filings |
| Clawback/Recovery | “Recovery of Erroneously Awarded Compensation” – Not applicable in NAD’s semiannual reporting |
| Section 16 Compliance | Filings state compliance with Section 16(a) requirements for Board Members and officers |
Investment Implications
- Fund filings indicate no fund-level compensation or incentive structures for officers, limiting direct pay-for-performance alignment signals at the Fund; any compensation levers for Jones are at Nuveen/Nuveen Fund Advisors and are not disclosed in NAD filings .
- With group beneficial ownership under 1% and no individual officer holdings disclosed for Jones, equity alignment appears limited at the Fund level; ownership expectations apply to Board Members (one-year compensation equivalent invested) rather than officers .
- Clawback/recovery provisions are not applicable in NAD’s reporting, and officers’ incentive compensation (e.g., CCO) is paid by the Adviser, underscoring that retention and incentive risks for Jones hinge on Nuveen’s employment terms rather than Fund constructs .
- Section 16(a) compliance was affirmed, and no fund-level disclosures indicate insider selling or pledging by Jones; trading signal assessment would require separate Section 16/Form 4 data, which is not provided in these filings .