Tina Lazar
About Tina Lazar
Tina M. Lazar is Vice President of Nuveen Core Plus Impact Fund (NPCT) with an indefinite term and service since 2002; she is a Managing Director of Nuveen Securities, LLC and was born in 1961 . The fund context shows average net assets of ~$344.4M during the reporting period, an advisory fee rate of ~0.9565% of net assets, and net annual operating expenses of ~5.084% of net assets . Officers of the Funds receive no compensation from the Funds; the CCO’s compensation is paid by the Adviser, with partial reimbursement of incentive compensation, underscoring that NPCT does not disclose officer pay or performance-linked incentives at the Fund-level . NPCT had 28,755,000 common shares outstanding as of Feb 18, 2025, providing scale context; preferred TFP Series A outstanding were 70,000 shares .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Nuveen Securities, LLC | Senior Vice President; then Managing Director | Senior Vice President 2014–2017; Managing Director since 2017 | Senior leadership at Nuveen Securities overseeing fund/transfer agent functions; execution and compliance orientation |
| Nuveen Core Plus Impact Fund (NPCT) | Vice President (Fund Officer) | Since 2002; Term: Indefinite | Long-tenured officer supporting governance and operations for the Nuveen closed-end funds complex |
| Nuveen Managed Accounts Portfolios Trust | Vice President | Since 2006; Term: Indefinite | Vice President role across Nuveen trusts indicating broad platform responsibilities |
External Roles
| Organization | Role | Years | Notes |
|---|---|---|---|
| Nuveen Securities, LLC (Affiliated broker-dealer) | Managing Director | Current | Listed as affiliated broker-dealer to NPCT; SEC file 008-13464; CRD 000000469; LEI 549300SUT66RK1UQZ953 . |
| None disclosed | — | — | No external public company board roles or outside directorships disclosed in NPCT’s proxy . |
Fixed Compensation
| Component | Disclosure | Notes |
|---|---|---|
| Base Salary | Not disclosed at Fund level | Officers receive no compensation from the Funds; compensation is paid by the Adviser (Nuveen Fund Advisors, LLC) and not itemized for Fund officers . |
| Target Bonus % | Not disclosed | No Fund-level disclosure for officers . |
| Actual Bonus Paid | Not disclosed | No Fund-level disclosure for officers . |
| Cash Retainers/Perquisites | Not applicable to Fund officers | Officers are unpaid by the Funds; perquisites not disclosed for officers . |
Performance Compensation
| Metric | Weighting | Target | Actual | Payout | Vesting |
|---|---|---|---|---|---|
| Not disclosed for Fund officers | — | — | — | — | — |
Officers of the Funds serve without compensation from the Funds; NPCT does not disclose individual officer incentive metrics (e.g., revenue growth, EBITDA, TSR) or vesting schedules for officers .
Equity Ownership & Alignment
| Item | Value | Notes |
|---|---|---|
| Individual beneficial ownership (Tina M. Lazar) | Not disclosed | NPCT’s proxy provides beneficial ownership ranges for Board Members and aggregate for officers; no individual officer breakdown is provided . |
| Officers and Board Members as a group | <1% of outstanding shares of each Fund | As of Feb 18, 2025, the Board Members and executive officers as a group beneficially owned less than 1% of outstanding shares for each Fund . |
| Shares outstanding (common) | 28,755,000 | As of record date Feb 18, 2025 . |
| Preferred shares (TFP Series A) | 70,000 outstanding | Series A TFP for NPCT as context . |
| Pledged shares | Not disclosed | No pledging disclosures for officers in NPCT proxy . |
| Ownership guidelines | Not applicable | NPCT is an investment company; officer stock ownership guidelines are not discussed; Board Member investment expectations are separate . |
Employment Terms
| Term | Details | Notes |
|---|---|---|
| Position & tenure | Vice President; Length of Service since 2002 | Term: Indefinite . |
| Employer alignment | Managing Director, Nuveen Securities, LLC | Affiliated broker-dealer to NPCT . |
| Contract term length | Not disclosed | No employment contract terms disclosed at Fund level . |
| Severance / Change-of-Control | Not disclosed | No officer severance or CoC terms in NPCT proxy . |
| Non-compete / Non-solicit | Not disclosed | Not addressed in NPCT filings . |
| Clawback | Not disclosed | Not addressed for Fund officers . |
Fund Context and Governance Signals
| Metric | Value | Notes |
|---|---|---|
| Average net assets (period) | $344,419,964.18 | Monthly average net assets during reporting period . |
| Advisory fee (% of net assets) | 0.956492274 | As of end of reporting period . |
| Net annual operating expenses (% of net assets) | 5.083917258 | As of end of reporting period . |
| Officers’ Fund pay | $0 | Officers receive no compensation from the Funds; CCO paid by Adviser with partial reimbursement . |
| Board alignment actions | Board consolidation across Fund Complex | 8-K detailed consolidation to unify governance and efficiency across Nuveen/TIAA Fund Complex . |
Investment Implications
- Compensation alignment: NPCT does not pay or disclose officer compensation; Tina Lazar’s pay and incentives are set by Nuveen/TIAA, not the Fund, so there is no Fund-level pay-for-performance linkage to NPCT metrics or TSR—reducing direct alignment to Fund share performance .
- Retention risk: Very low based on tenure—Lazar has served as NPCT Vice President since 2002 and as Managing Director at Nuveen Securities since 2017, indicating institutional continuity in Fund operations .
- Trading signals/insider pressure: NPCT does not present officer Form 4 trading for Tina Lazar; aggregate officer/Board ownership is <1% of shares, and pledging is not disclosed—suggesting minimal insider selling pressure and limited “skin-in-the-game” at the Fund level .
- Governance context: Board consolidation across the Fund Complex and affiliated Nuveen Securities roles emphasize standardized governance and operations; Fund expense levels and advisory fee structure matter more for NPCT performance than officer incentives .