Nathaniel T. Jones
About Nathaniel T. Jones
Vice President and Treasurer of Nuveen Municipal Income Fund, Inc. (NMI) with an indefinite term, serving since 2016; born 1979. He is Senior Managing Director and Head of Public Product at Nuveen and serves as President (formerly Senior Managing Director) of Nuveen Fund Advisors, LLC; he is a Chartered Financial Analyst (CFA). No fund-level disclosure provides TSR, revenue, or EBITDA performance metrics tied to his role.
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Nuveen | Senior Vice President | 2016–2017 | Senior leadership in investment management operations |
| Nuveen | Managing Director | 2017–2021 | Product and oversight responsibilities within Nuveen |
| Nuveen | Senior Managing Director | 2021–present | Senior executive leadership (current) |
| Nuveen | Head of Public Product | Current | Leads public product strategy and oversight |
| Nuveen Fund Advisors, LLC | Managing Director | Since 2015 | Senior operating role at fund adviser |
| Nuveen Fund Advisors, LLC | President | As of 2025 | Executive oversight of fund advisory entity |
External Roles
- None disclosed in fund proxy officer biographies (no public company boards or external committee roles reported).
Fixed Compensation
- Officers receive no compensation from the Funds; compensation (base/incentive) for the Funds’ Chief Compliance Officer is paid by the Adviser with partial reimbursement, and officer pay (including Jones) is handled by Nuveen and not disclosed at the Fund level.
- No disclosure of base salary, target bonus, option awards, RSUs/PSUs, or perquisites for Fund officers.
Performance Compensation
- No disclosure of performance metrics (e.g., TSR, revenue/EBITDA growth) tied to compensation for Fund officers; no vesting schedules or payout formulas provided at the Fund level.
Equity Ownership & Alignment
- Individual officer holdings are not broken out; as a group, Board Members and executive officers beneficially own less than 1% of outstanding shares of each Fund.
| Metric | 2023 | 2024 | 2025 |
|---|---|---|---|
| Group beneficial shares in NMI (Board Members + officers) | 4,614 | 7,126 | 8,988 |
| NMI common shares outstanding | 10,051,095 | 10,051,095 | 10,290,126 |
| Group beneficial ownership (%) | 0.046% | 0.071% | 0.087% |
- No disclosures on pledging or hedging of company stock by officers.
Employment Terms
| Item | Detail |
|---|---|
| Position | Vice President and Treasurer of NMI |
| Term | Indefinite |
| Length of Service | Since 2016 |
| Primary Occupation | Senior Managing Director; Head of Public Product, Nuveen; President (formerly Senior MD), Nuveen Fund Advisors, LLC |
| Credential | Chartered Financial Analyst (CFA) |
| Contract terms (non-compete, severance, CoC) | Not disclosed at Fund level |
Investment Implications
- Retention/continuity: Indefinite officer term and nearly decade-long tenure suggest operational continuity; absence of disclosed employment contract economics limits visibility into severance/change‑of‑control incentives.
- Pay-for-performance alignment: Officer pay is handled by Nuveen (not the Fund), with no Fund-level metrics or incentive linkages disclosed, reducing direct transparency into alignment with Fund NAV/discount dynamics.
- Trading signals: The Funds report Section 16(a) compliance (no delinquencies) in 2025; a 2024 proxy noted a single late Form 4 for the Chief Administrative Officer (not Jones), implying no reported insider anomalies tied to Jones.
- Ownership alignment: Group beneficial ownership in NMI is consistently under 0.1%, indicating limited direct officer/board equity exposure at the Fund level; no pledging disclosures.
Bottom line: Nathaniel T. Jones is a long-tenured Treasurer with senior leadership roles at Nuveen and Nuveen Fund Advisors. However, Fund-level documents do not provide officer compensation structures, performance metrics, or individual holdings—limiting assessment of pay-for-performance alignment and insider-driven trading signals; retention risk appears low given tenure and indefinite term but cannot be quantified without adviser-level agreements.