Nathaniel Jones
About Nathaniel Jones
Nathaniel T. Jones serves as Vice President and Treasurer of the Nuveen Core Plus Impact Fund (NPCT). He is a Senior Managing Director of Nuveen and of Nuveen Fund Advisors, LLC, and is a Chartered Financial Analyst (CFA). The NPCT proxy lists his business address as 333 West Wacker Drive, Chicago, IL 60606, year of birth 1979, and his length of service as “since 2016.” Officers of the Funds receive no compensation from the Funds; officer compensation (e.g., for the CCO) is paid by the Adviser with Board oversight, and officers are elected annually by the Board to serve until successors are elected and qualified.
Past Roles
| Organization | Role/Title | Years | Strategic Impact/Notes |
|---|---|---|---|
| Nuveen | Various positions at Nuveen (prior to current Senior Managing Director roles) | Not disclosed | Proxy indicates he “has previously held various positions with Nuveen.” |
| Nuveen Fund Advisors, LLC | Senior Managing Director (current) | Not disclosed | Current principal occupation per proxy. |
| Nuveen (parent organization) | Senior Managing Director (current) | Not disclosed | Current principal occupation per proxy. |
External Roles
| Organization | Role | Years | Notes |
|---|---|---|---|
| — | — | — | No external directorships or outside roles for Mr. Jones are disclosed in the NPCT proxy’s officer section. |
Fixed Compensation
- Officers receive no compensation from the Funds. The Funds’ Chief Compliance Officer’s compensation is paid by the Adviser (with Board review/input), and the Funds reimburse an allocable portion of the Adviser’s cost of the CCO’s incentive compensation. No officer salary/bonus or benefits are reported at the fund level in the proxy.
Performance Compensation
- Not addressed at the fund level for officers in the NPCT proxy; there is no disclosure of fund-level incentive plans, performance metrics, options, RSUs/PSUs, or vesting schedules for officers. Officers are compensated by the Adviser, not the Fund, and such details are not included in the Fund’s proxy.
Equity Ownership & Alignment
- Board and officers as a group: As of February 18, 2025, each Board Member’s individual beneficial shareholdings of each Fund constituted less than 1% of the outstanding shares, and the Board Members and executive officers as a group beneficially owned less than 1% of the outstanding shares of each Fund. The proxy provides Board Member-level dollar range and share details in Appendix A; officer-level specifics (by individual officer) are not provided.
- Board alignment principle (context): To align interests, the Nuveen Funds boards have adopted a governance principle under which each Board Member is expected to invest at least the equivalent of one year of compensation in funds within the complex. This principle applies to Board Members, not officers.
Employment Terms
| Item | Disclosure |
|---|---|
| Title | Vice President and Treasurer of NPCT. |
| Term of Office | Indefinite; elected annually by the Board to serve until successors are elected and qualified. |
| Length of Service | Since 2016 (as an officer in the Nuveen fund complex; specifically listed for NPCT). |
| Employer/Principal Occupations | Senior Managing Director of Nuveen; Senior Managing Director of Nuveen Fund Advisors, LLC. |
| Compensation Source | Officers receive no compensation from the Funds; CCO compensation paid by Adviser with Board review, with partial reimbursement; other officer compensation not reported at the fund level. |
Investment Implications
- Pay-for-performance linkage at the Fund level is limited: Officers (including the Treasurer) are not compensated by NPCT, so executive pay alignment and performance metrics (TSR, revenue/EBITDA growth) are not structured or disclosed at the fund level. Any incentive alignment would reside with Nuveen/TIAA compensation programs, which are outside this proxy’s disclosures. This reduces direct fund-level compensation alignment signals and limits analysis of vesting/selling pressure from fund-granted equity.
- Retention and key-person risk appear modest at the Fund level: Officers are elected annually with indefinite terms; roles are part of a larger Nuveen/TIAA platform with deep bench depth. As Treasurer (not portfolio manager or PEO/PFO), Mr. Jones’ departure would be more operational than strategic, suggesting lower headline retention risk for NPCT shareholders.
- Ownership alignment by insiders is small at the Fund level: Board Members and executive officers as a group own less than 1% of each Fund’s shares, limiting direct “skin in the game” signals at NPCT. However, the Board’s governance principle expects Board Members to hold at least one year of compensation in fund shares (Board-only), which partially offsets alignment concerns at the governance level; officer-specific holdings are not disclosed individually.
- Trading/insider activity visibility is limited in the proxy: The proxy notes Section 16(a) compliance by Board Members and officers but does not list officer-by-officer holdings or transactions. Without Form 4 details in the proxy, there is limited ability to detect near-term selling pressure or hedging/pledging by Mr. Jones from this document alone.