Nathaniel Jones
About Nathaniel Jones
Nathaniel T. Jones serves as Vice President and Treasurer of Nuveen Minnesota Quality Municipal Income Fund (NMS), with an indefinite term and length of service since 2016. He is a Senior Managing Director of Nuveen and Senior Managing Director of Nuveen Fund Advisors, LLC, and is a Chartered Financial Analyst (CFA). The proxy discloses his year of birth as 1979 and principal business address at 333 West Wacker Drive, Chicago, IL 60606 . As a closed-end fund, officers serve without compensation from the Fund, and fund-level pay-for-performance links (TSR, revenue/EBITDA growth) are not disclosed for officers; compensation for certain roles (e.g., CCO) is paid by the adviser with fund reimbursement of allocable portions of incentive compensation .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Nuveen Minnesota Quality Municipal Income Fund (NMS) | Vice President and Treasurer | Since 2016 | Fund officer overseeing treasury/finance functions (role title disclosed; impact not specified) |
| Nuveen | Senior Managing Director | Since 2021 | Senior leadership within Nuveen; prior roles show progression and expanded responsibilities |
| Nuveen | Managing Director | 2017–2021 | Leadership role preceding SMD; denotes advancement |
| Nuveen | Senior Vice President | 2016–2017 | Transitional senior role in progression to MD/SMD |
| Nuveen | Vice President | 2011–2016 | Earlier leadership tenure; indicates long-standing experience |
| Nuveen Fund Advisors, LLC | Managing Director | Since 2015 | Senior role at the adviser supporting fund complex governance/operations |
External Roles
No external directorships or outside roles are disclosed for Nathaniel T. Jones in NMS proxy filings; officer biography references prior positions within Nuveen only .
Fixed Compensation
- Officers of the Fund serve without any compensation from the Fund; compensation (where applicable, e.g., CCO) is paid by the adviser, with the Fund reimbursing an allocable portion of the adviser’s cost of incentive compensation .
- No base salary, bonus, RSU/PSU, or option award amounts are disclosed at the Fund level for officers, including the Treasurer .
Performance Compensation
- The proxy does not disclose fund-level performance incentive structures (TSR, revenue/EBITDA growth) for Fund officers; officer compensation is not paid by the Fund and related metrics/payouts are not provided in the Fund’s filings .
Equity Ownership & Alignment
- As of February 18, 2025, Board Members’ individual beneficial shareholdings of each Fund constituted less than 1% of the outstanding shares of the Fund. As of the same date, Board Members and executive officers as a group beneficially owned less than 1% of the outstanding shares of each Fund .
- Appendix tables provide detailed holdings and dollar ranges for Independent Board Members; no individual officer-level ownership detail for Nathaniel Jones is disclosed in the proxy .
- No disclosures on pledging or hedging of Fund shares by officers; compliance committee text discusses hedging in the context of fund investment risk management rather than personal insider policies .
Employment Terms
- Employment agreements, severance, change-of-control triggers, non-compete/non-solicit, garden leave, clawback provisions, and tax gross-up terms for Fund officers are not disclosed in the Fund’s proxy filings; officers are employed by the adviser (Nuveen/Nuveen Fund Advisors), not the Fund .
Investment Implications
- Compensation alignment: Because officers are not paid by the Fund, there are no fund-level pay-for-performance levers (bonus metrics, equity awards) to evaluate; compensation and incentives reside at the adviser (Nuveen), and are not disclosed in NMS filings, limiting direct analysis of pay-for-performance alignment at the Fund level .
- Insider selling pressure: With Board Members and officers as a group owning less than 1% of outstanding shares, insider selling pressure and concentration risk appear low at the Fund level; individual officer ownership (including Nathaniel Jones) is not provided in the proxy .
- Retention risk: Role tenure since 2016 and progressive senior roles at Nuveen and Nuveen Fund Advisors suggest stability within the adviser organization; however, the absence of disclosed employment terms (severance/CoC) at the Fund level means retention economics must be inferred from adviser policies not present in NMS filings .
- Trading signals: Lack of personal pledging/hedging disclosures and minimal aggregate insider ownership reduces alignment-based trading signals specific to NMS officers; governance changes (e.g., board consolidation across Nuveen/TIAA fund complex) reflect operational alignment but do not provide officer-level trading indicators .
Overall, Nathaniel Jones’s long tenure as Treasurer and senior leadership at Nuveen indicates operational continuity, but the fund-level documents do not disclose compensation structures, vesting schedules, or personal ownership details needed for granular incentive-risk analysis. Investors should seek adviser-level disclosures (Nuveen/TIAA) for pay design, equity awards, and retention economics, which are outside NMS’s proxy scope .