Nathaniel T. Jones
About Nathaniel T. Jones
Vice President and Treasurer of Nuveen Multi-Asset Income Fund (NMAI), born in 1979, serving as a Fund officer since 2016. Jones is a Senior Managing Director at Nuveen and at Nuveen Fund Advisors, LLC, and is a Chartered Financial Analyst (CFA). Proxy materials do not disclose fund-level performance metrics tied to his role (e.g., TSR, revenue or EBITDA growth) or any officer-specific pay-for-performance constructs for NMAI.
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Nuveen Multi-Asset Income Fund (NMAI) | Vice President and Treasurer | Since 2016 | Not disclosed in proxy |
| Nuveen | Senior Managing Director | Since 2021 | Not disclosed in proxy |
| Nuveen | Managing Director | 2017–2021 | Not disclosed in proxy |
| Nuveen | Senior Vice President | 2016–2017 | Not disclosed in proxy |
| Nuveen Fund Advisors, LLC | Managing Director | Since 2015 | Not disclosed in proxy |
| Nuveen Fund Advisors, LLC | Senior Managing Director | As of 2025 | Not disclosed in proxy |
External Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| None disclosed | — | — | — |
Fixed Compensation
- Officers of the Funds receive no compensation from the Funds; officer compensation is paid by the Adviser (Nuveen), not by NMAI.
- The CCO is compensated by the Adviser; the Funds reimburse only an allocable portion of the Adviser’s cost of the CCO’s incentive compensation (structure described, but not officer-specific to Jones).
Performance Compensation
- No disclosures of bonus targets, RSUs/PSUs, options, vesting schedules, or payout formulas for Fund officers; such compensation (if any) would be at the Adviser level and not reported in NMAI’s proxy.
Equity Ownership & Alignment
| Item | Value | Notes |
|---|---|---|
| Common shares outstanding (NMAI) | 33,425,645 | As of Feb 18, 2025 (record date) |
| Jones individual NMAI ownership | Not disclosed | Proxy reports only group totals; no officer-specific line items |
| Board members and executive officers as a group | <1% of NMAI | Group beneficial ownership in each Fund is <1% |
| Shares pledged/hedged by Jones | Not disclosed | No pledging/hedging disclosure for officers in proxy |
| Stock ownership guidelines | Board policy (one year of compensation) | Applies to Independent Board Members, not officers |
| Principal holder (context) | Saba Capital: 3,299,644 (9.87%) of NMAI common | As of Feb 18, 2025; potential governance influence |
Employment Terms
| Term Component | Disclosure |
|---|---|
| Employment start date (Fund officer) | 2016 (Length of Service: Since 2016) |
| Contract term length | Indefinite (officer of the Funds) |
| Auto-renewal | Not disclosed |
| Non-compete / non-solicit | Not disclosed |
| Severance provisions | Not disclosed (officer compensation paid by Adviser, not Fund) |
| Change-of-control economics | Not disclosed (no Fund officer comp reported) |
| Clawbacks / tax gross-ups | Not disclosed |
| Deferred compensation | Board-level deferred comp only; not officer-specific |
Investment Implications
- Data limitations: NMAI’s proxies explicitly state Fund officers are paid by the Adviser and not by the Fund, so base salary, bonus, equity awards, and vesting details for Jones are not disclosed at the Fund level; pay-for-performance alignment cannot be evaluated from Fund filings.
- Alignment: Board members and executive officers as a group hold <1% of NMAI, and officer-specific holdings (including Jones) aren’t disclosed—suggesting limited visible “skin in the game” at the Fund level.
- Governance context: Saba Capital holds ~9.87% of NMAI common shares, indicating an active shareholder with capacity to influence governance and distribution policy; while not Jones-specific, this can shape Fund actions relevant to treasury and operations.
- Compliance signal: The Fund reports compliance with Section 16(a) filing requirements during the last fiscal year, with no delinquent reports noted—reducing risk flags tied to insider reporting.
- Bottom line: Jones is a long-tenured treasury officer (since 2016) with senior leadership credentials at Nuveen and CFA status, but the absence of officer-level compensation and award disclosures at the Fund constrains assessment of incentives, retention risk, and insider selling pressure; monitoring Fund-level actions and large holder dynamics (e.g., Saba) is more informative for trading signals than officer-specific data in this case.