Jeremy Franklin
About Jeremy Franklin
Jeremy D. Franklin is Vice President and Assistant Secretary of Nuveen Core Plus Impact Fund (NPCT), serving since 2024; his term of office is indefinite and his year of birth is 1983 . He is a Managing Director and Assistant Secretary at Nuveen Fund Advisors, with parallel legal and assistant secretary roles across Nuveen Asset Management, Teachers Advisors (TIAA), TIAA‑CREF Investment Management, and related TIAA fund complexes—indicating core credentials in asset‑management legal, governance and fund administration . NPCT discloses that the Funds have no employees and officers serve without compensation from the Funds, so pay‑for‑performance linkages (e.g., TSR, revenue, EBITDA) are not set at the fund level for officers; Section 16 compliance was affirmed for officers during the last fiscal year .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Nuveen Fund Advisors, LLC | Managing Director and Assistant Secretary | Current (Service with funds since 2024) | Senior legal/governance leadership for fund complex operations . |
| Nuveen Asset Management, LLC | Vice President, Associate General Counsel and Assistant Secretary | Current | Legal support and governance across investment adviser affiliates . |
| Teachers Advisors, LLC (TIAA) | Vice President, Associate General Counsel and Assistant Secretary | Current | Legal and fund administration roles tied to TIAA asset management entities . |
| TIAA‑CREF Investment Management, LLC | Vice President, Associate General Counsel and Assistant Secretary | Current | Legal/governance support for investment management activities . |
| Teachers Insurance and Annuity Association of America (TIAA) | Vice President and Associate General Counsel | Current | Broader enterprise legal responsibilities within TIAA . |
| TIAA‑CREF Funds; TIAA‑CREF Life Funds | Vice President and Assistant Secretary | Current | Registered fund governance and corporate secretary functions . |
| TIAA Separate Account VA‑1; College Retirement Equities Fund (CREF) | Vice President, Associate General Counsel, and Assistant Secretary | Current | Variable annuity and retirement complex governance and compliance . |
| TIAA (prior roles) | Various positions | Prior to current roles | Progressive legal and governance career within TIAA enterprise . |
External Roles
| Organization | Role | Years | Notes |
|---|---|---|---|
| Not disclosed in NPCT proxy | — | — | No public company directorships or external board roles disclosed for Franklin in NPCT’s proxy . |
Fixed Compensation
| Component | FY Coverage | Amount/Terms |
|---|---|---|
| Base Salary | Not disclosed by NPCT (officers not paid by the Funds) | Officers serve without any compensation from the Funds; compensation (e.g., for the CCO) is paid by the Adviser and only an allocable portion of CCO incentive comp is reimbursed by the Funds . |
| Target Bonus % | Not disclosed by NPCT | Not disclosed at the Fund level for officers . |
| Actual Bonus Paid | Not disclosed by NPCT | Not disclosed at the Fund level for officers . |
Performance Compensation
| Incentive Type | Performance Metric(s) | Weighting | Target | Actual | Payout | Vesting |
|---|---|---|---|---|---|---|
| Short‑term cash incentive | Not disclosed by NPCT | — | — | — | — | — |
| RSUs/PSUs | Not disclosed by NPCT | — | — | — | — | — |
| Stock options | Not disclosed by NPCT | — | — | — | — | — |
The Funds do not disclose officer‑level performance metrics, grant values, or vesting schedules; officers are compensated by the Adviser, not the Funds .
Equity Ownership & Alignment
| Item | Detail |
|---|---|
| Individual beneficial ownership (Franklin) | Not individually itemized in NPCT proxy appendices; officer holdings are not broken out by name . |
| Officers/Board as a group ownership | As of the record/reference dates, each Board Member’s individual beneficial shareholding constituted less than 1% of each Fund; Board Members and executive officers as a group beneficially owned less than 1% of outstanding shares of each Fund . |
| Pledging/hedging | No pledging or hedging disclosures specific to Franklin identified in NPCT proxy . |
| Section 16 compliance | Fund believes Board Members and officers complied with all applicable Section 16(a) filing requirements during the last fiscal year . |
| Ownership guidelines | Not disclosed for officers in NPCT proxy . |
Employment Terms
| Term | Detail |
|---|---|
| NPCT Role | Vice President and Assistant Secretary |
| Term of Office | Indefinite |
| Length of Service in Role | Since 2024 |
| Employer of Record | The Funds have no employees; officers are paid by the Adviser (Nuveen/TIAA) |
| Employment Agreement | Not disclosed by NPCT for officers |
| Severance/Change‑of‑Control | Not disclosed by NPCT for officers |
| Clawback | Not disclosed by NPCT for officers |
| Non‑compete/Non‑solicit | Not disclosed by NPCT for officers |
Investment Implications
- Limited trading/compensation signal: NPCT officers, including Franklin, are not compensated by the Fund, and officer ownership is not individually disclosed—reducing visibility into pay‑for‑performance alignment, vesting overhang, or forced selling risk at the Fund level .
- Governance/retention read‑through: Franklin’s indefinite term and multi‑entity legal/governance roles across Nuveen/TIAA suggest institutional continuity; Section 16 compliance indicates no delinquent insider filings flagged at the Fund level .
- Focus elsewhere for signals: For a closed‑end fund, portfolio performance and distribution policy are primarily driven by the Adviser and Board oversight. Tactical signals (discount management, leverage policy, distribution changes) will emanate from Board actions and adviser communications rather than officer‑level compensation structures .