Jeremy D. Franklin
About Jeremy D. Franklin
Jeremy D. Franklin serves as Vice President and Assistant Secretary of Nuveen Dynamic Municipal Opportunities Fund (NDMO), with service “since 2024” and an indefinite officer term; he is based in Charlotte, NC (year of birth 1983) . His core credentials are legal and corporate secretary functions across Nuveen/TIAA affiliates, including roles as Vice President/Associate General Counsel at Nuveen Asset Management, Teachers Advisors, and TIAA-CREF Investment Management, as well as Vice President/Associate General Counsel at TIAA and officer roles across TIAA-sponsored registrants; no education details are disclosed in fund filings . Officers receive no compensation from the Funds, and the proxy does not attribute fund TSR, revenue, or EBITDA outcomes to individual officers; performance attribution to Franklin is not disclosed .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Nuveen Dynamic Municipal Opportunities Fund | Vice President and Assistant Secretary | Since 2024 (officer service) | Officer of the Fund supporting governance and corporate secretary functions |
| Nuveen Fund Advisors, LLC | Managing Director and Assistant Secretary | Past 5 years (as disclosed) | Legal/corporate secretarial support for Nuveen Funds |
| Nuveen Asset Management, LLC | Vice President, Associate General Counsel and Assistant Secretary | Past 5 years (as disclosed) | Legal counsel and officer responsibilities across Nuveen complexes |
| Teachers Advisors, LLC | Vice President, Associate General Counsel and Assistant Secretary | Past 5 years (as disclosed) | Legal counsel and officer role for TIAA-advised funds |
| TIAA‑CREF Investment Management, LLC | Vice President, Associate General Counsel and Assistant Secretary | Past 5 years (as disclosed) | Legal counsel and governance support |
| Teachers Insurance and Annuity Association of America (TIAA) | Vice President and Associate General Counsel | Past 5 years (as disclosed) | Corporate legal leadership within parent organization |
| TIAA‑CREF Funds; TIAA‑CREF Life Funds | Vice President and Assistant Secretary | Past 5 years (as disclosed) | Officer for affiliated registered investment companies |
| College Retirement Equities Fund (CREF); TIAA Separate Account VA‑1 | Vice President, Associate General Counsel, and Assistant Secretary | Past 5 years (as disclosed) | Officer/legal roles at affiliated registrants |
External Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| TIAA‑CREF Funds; TIAA‑CREF Life Funds | Vice President and Assistant Secretary | Past 5 years (as disclosed) | Officer roles at affiliated fund complexes |
| Teachers Insurance and Annuity Association of America (TIAA) | Vice President and Associate General Counsel | Past 5 years (as disclosed) | Corporate legal leadership at parent organization |
Fixed Compensation
| Component | Detail |
|---|---|
| Base Salary | Not disclosed at fund level; officers receive no compensation from the Funds (paid by Adviser/affiliates) |
| Target Bonus % | Not disclosed at fund level |
| Actual Bonus Paid | Not disclosed at fund level |
| Perquisites | Not disclosed at fund level |
| Pension/SERP | Not disclosed at fund level |
| Notes | CCO compensation is paid by the Adviser and an allocable portion of CCO incentive compensation is reimbursed by the Funds; no officer-by-officer details are provided for others |
Performance Compensation
| Metric | Weighting | Target | Actual | Payout | Vesting |
|---|---|---|---|---|---|
| Not disclosed for Fund officers | N/A | N/A | N/A | N/A | N/A (no incentive framework disclosed for officers in the fund proxy) |
Officers of NDMO serve without compensation from the Fund; incentive structures, if any, exist at Nuveen/TIAA and are not detailed in NDMO’s proxy .
Equity Ownership & Alignment
| Item | Value | Date/Notes |
|---|---|---|
| Individual beneficial ownership (Franklin) | Not disclosed at fund level | Proxy lists Board Members individually and shows officers only in the group total |
| Officers and Board as a group – NDMO shares | 0 shares | As of May 31, 2025 (Dynamic Municipal column shows 0 for group) |
| Officers and Board as a group – % of shares | <1% for each Fund | Statement applies across Funds as of June 20, 2025 |
| Shares pledged/hedged | Not disclosed | No pledging/hedging disclosure for officers in proxy |
| Ownership guidelines | Board members expected to invest ≥1 year of compensation in Fund Complex; no officer guidelines disclosed | Board governance principle (Board Members only) |
Employment Terms
| Term | Detail |
|---|---|
| Current title | Vice President and Assistant Secretary, NDMO |
| Length of service in role | Since 2024 (officer service) |
| Term | Indefinite (officers elected annually; serve until successors elected and qualified) |
| Employer of record | Nuveen/TIAA affiliates (officers are not Fund employees) |
| Employment agreement | Not disclosed in fund filings (any agreements would be at Nuveen/TIAA level) |
| Severance/Change‑of‑Control | Not disclosed in fund filings (no fund‑level severance/CoC economics disclosed for officers) |
| Clawback | Not disclosed in fund filings |
| Section 16 compliance | Funds report compliance with Section 16(a) reporting during last fiscal year |
Investment Implications
- Pay-for-performance alignment: Because NDMO officers receive no compensation from the Fund and officer incentive structures (if any) are at Nuveen/TIAA and undisclosed here, there is minimal direct, disclosed alignment between Franklin’s compensation and NDMO’s share price or TSR; monitoring must focus on adviser-level incentives rather than fund-level officer pay .
- Insider trading/ownership signals: With officers and board as a group holding 0 NDMO shares as of May 31, 2025 and group ownership <1% across Funds, insider ownership-based trading signals or selling pressure indicators are limited at the fund level; continue to watch Section 16 filings for any changes .
- Retention risk: Franklin’s role and tenure reflect embedded responsibilities across multiple Nuveen/TIAA entities (legal/corporate secretary coverage), suggesting retention dynamics are more tied to Nuveen/TIAA corporate policies than to NDMO-specific economics; no fund-level employment terms, severance, or CoC protections are disclosed for officers .
- Governance context: The Board’s committee structure and oversight (e.g., Audit; Compliance, Risk Management and Regulatory Oversight; Investment; Closed-End Fund Committee) shape the environment in which Franklin operates but do not translate into officer-specific incentives; evaluation of fund drivers should emphasize adviser performance, leverage policy, distribution policy, and discount management overseen by the Board rather than officer pay .
Bottom line: For trading or compensation-alignment theses, Franklin’s fund-officer role provides limited direct signaling—no disclosed pay levers, no disclosed equity ownership, and no fund-paid compensation. Analyst attention should center on Nuveen/TIAA adviser incentives and Board discount/leverage policy actions for NDMO, while monitoring any future Section 16 officer filings for incremental signals .