Nathaniel Jones
About Nathaniel Jones
Nathaniel T. Jones serves as Vice President and Treasurer of Nuveen AMT‑Free Quality Municipal Income Fund (NEA). He is a Senior Managing Director and Head of Public Product at Nuveen, and President (formerly Senior Managing Director) of Nuveen Fund Advisors, LLC; he is a Chartered Financial Analyst. Born in 1979, he has served as an officer in the Nuveen fund complex since 2016. Officers receive no compensation from the Funds, and the Funds have no employees; compensation for the Chief Compliance Officer is paid by the Adviser, with an allocable portion of incentive compensation reimbursed to the Adviser by the Funds.
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Nuveen | Senior Vice President | 2016–2017 | Not disclosed |
| Nuveen | Managing Director | 2017–2021 | Not disclosed |
| Nuveen | Senior Managing Director | Since 2021 | Not disclosed |
| Nuveen Fund Advisors, LLC | Managing Director | Since 2015 | Not disclosed |
| Nuveen Fund Advisors, LLC | President | Current (as of Jun 20, 2025) | Not disclosed |
External Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| — | None disclosed | — | — |
Fixed Compensation
- Officers receive no compensation from the Funds; the Funds have no employees. The Funds’ CCO compensation is paid by the Adviser, and the Funds reimburse an allocable portion of the Adviser’s cost of the CCO’s incentive compensation.
Performance Compensation
- No performance‑based compensation for Fund officers is disclosed by NEA; officers serve without compensation from the Funds.
Equity Ownership & Alignment
| Metric | NEA | Notes |
|---|---|---|
| Common shares outstanding | 298,992,392 | As of record date June 20, 2025 |
| Beneficial ownership (Board Members and officers as a group) | 6,808 shares | Group total for NEA |
| Ownership as % of outstanding (group) | <1% | As of June 20, 2025 |
| Individual officer holdings | Not disclosed | No per‑officer breakdown disclosed |
| Shares pledged/hedged | Not disclosed | No pledging disclosures for officers |
| Section 16 compliance | In compliance | Funds believe officers complied with filing requirements in the last fiscal year |
Employment Terms
| Term | Detail |
|---|---|
| Title | Vice President and Treasurer |
| Term of office | Indefinite |
| Length of service | Since 2016 |
| Election cadence | Officers are elected by the Board annually to serve until successors are elected and qualified |
| Compensation from Funds | None (officers receive no compensation from the Funds) |
| Severance / change‑of‑control | Not disclosed |
| Non‑compete / non‑solicit / garden leave | Not disclosed |
| Clawbacks / tax gross‑ups | Not disclosed |
Investment Implications
- Pay‑for‑performance analysis at the Fund level is not applicable: NEA’s officers, including Jones, do not receive compensation from the Fund, and no incentive metrics (TSR, revenue, EBITDA, ESG) or vesting schedules are disclosed for officers. This limits direct alignment assessment via compensation.
- Ownership alignment signals are modest at the Fund level: beneficial ownership is reported only in aggregate for Board Members and officers (<1% of outstanding), with no officer‑level detail; no pledging or hedging disclosures are provided for officers. This reduces visibility into individual “skin‑in‑the‑game” and potential selling pressure.
- Retention risk appears low given tenure and senior roles across Nuveen/TIAA: Jones has served as a Fund officer since 2016 and holds senior leadership positions at Nuveen and Nuveen Fund Advisors, indicating institutional continuity. However, employment contract specifics (non‑compete, severance, change‑of‑control) are not disclosed by the Fund.
- Governance processes are robust at the Board level (multiple committees and regular oversight), but these pertain to independent trustees; they do not provide direct trading or compensation signals for Fund officers. Section 16 compliance was reported as satisfactory, offering no red‑flag indicators from filings.