Mark Winget
About Mark Winget
Mark L. Winget serves as Vice President and Secretary of Nuveen California Municipal Value Fund (NCA) and other Nuveen funds; he has been an officer in the Nuveen fund complex since 2008 (born 1968). His core credentials are legal and fund governance: Vice President and Associate General Counsel across Nuveen/TIAA affiliates and Assistant Secretary roles supporting fund operations. The Funds disclose no pay-for-performance linkage for officers (Funds have no employees; officers receive no compensation from the Funds), so TSR/revenue/EBITDA metrics are not part of his compensation framework; Section 16(a) compliance was affirmed for Board Members and officers in the latest fiscal year .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Nuveen Securities, LLC | Vice President and Assistant Secretary | Past 5 years (as disclosed) | Legal, governance, and administrative support for fund operations |
| Nuveen Fund Advisors, LLC | Vice President and Assistant Secretary | Past 5 years (as disclosed) | Officer support for adviser and fund complex governance |
| Nuveen Asset Management, LLC | Vice President and Associate General Counsel; Assistant Secretary | Past 5 years (as disclosed) | Legal counsel across asset management entities |
| Teachers Advisors, LLC | Vice President, Associate General Counsel; Assistant Secretary | Past 5 years (as disclosed) | Legal and secretary functions across TIAA funds |
| TIAA-CREF Investment Management, LLC | Vice President, Associate General Counsel; Assistant Secretary | Past 5 years (as disclosed) | Governance and legal oversight across TIAA platforms |
External Roles
| Organization | Role | Years | Notes |
|---|---|---|---|
| Teachers Advisors, LLC | Vice President, Associate General Counsel; Assistant Secretary | Past 5 years (as disclosed) | Affiliate role across TIAA fund entities |
| TIAA-CREF Investment Management, LLC | Vice President, Associate General Counsel; Assistant Secretary | Past 5 years (as disclosed) | Affiliate role supporting TIAA fund governance |
Fixed Compensation
- The Funds have no employees. Officers serve without any compensation from the Funds; only the Chief Compliance Officer’s compensation is paid by the Adviser, with an allocable portion of incentive compensation reimbursed by the Funds .
- No base salary, target bonus, or cash compensation is disclosed at the Fund level for Mark Winget .
Performance Compensation
- No equity or cash incentive awards (RSUs, PSUs, options) are disclosed for Fund officers; the Funds do not compensate officers, and no performance metrics are tied to officer pay at the Fund level .
Equity Ownership & Alignment
- Individual officer beneficial ownership is not itemized; as of the record date, Board Members and officers as a group beneficially owned less than 1% of each Fund, with Appendix A showing 0 shares across the listed Nuveen funds for the group.
| Group | NAZ (Common) | NKX (Common) | NCA (Common) | NAC (Common) | NMT (Common) |
|---|---|---|---|---|---|
| Board Members and Officers as a Group | 0 | 0 | 0 | 0 | 0 |
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Board-level ownership guideline exists (each Independent Board Member expected to invest at least one year of compensation in funds in the complex); no analogous officer ownership guideline is disclosed .
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Section 16(a) reporting: Funds state officers and Board Members complied with applicable filing requirements during the last fiscal year .
Employment Terms
| Attribute | Disclosure |
|---|---|
| Current Title | Vice President and Secretary |
| Term/Election | Officers are elected annually by the Board; term is indefinite until successors are elected and qualified |
| Length of Service | Since 2008 (officer of a fund in the Nuveen fund complex) |
| Compensation Source | No compensation from the Funds; CCO compensation paid by Adviser (partial reimbursement) |
| Severance/Change-of-Control | Not disclosed for Fund officers |
| Non-compete/Non-solicit | Not disclosed |
Investment Implications
- Pay-for-performance alignment cannot be assessed at the Fund level for Mark Winget: officers receive no compensation from the Funds and no performance metrics are tied to Fund-level officer pay, eliminating typical incentive levers (cash/equity mix, PSU metrics, option grants) that could drive insider selling pressure or pay inflation .
- Retention risk appears low given tenure since 2008 and the routine, indefinite officer term structure; no employment contract severance or change-of-control economics are disclosed that would create asymmetric incentives around corporate events .
- Trading signals (insider transactions, pledging/hedging) are not itemized for individual officers; the Funds report Section 16(a) compliance and group beneficial ownership of 0 shares, suggesting minimal direct ownership-related selling pressure from officers at the Fund level .
- Governance is centered on an Independent Board with robust committee oversight and an expectation of Board Member investment, but those constructs pertain to trustees rather than Fund officers; investors should focus on NCA’s portfolio, discount/premium dynamics, leverage policies, distribution coverage, and adviser decisions as the primary drivers of returns rather than officer compensation or equity alignment .