Nathaniel T. Jones
About Nathaniel T. Jones
Vice President and Treasurer of Nuveen Municipal Value Fund, Inc. (NUV) with an indefinite term; he has served as a fund officer since 2016 and was born in 1979; credentials include Chartered Financial Analyst (CFA) . As of 2025, principal roles at Nuveen include Senior Managing Director, Head of Public Product, and President of Nuveen Fund Advisors, LLC (prior roles included Senior Managing Director at Nuveen Fund Advisors) . The fund’s proxies do not disclose officer pay-for-performance metrics (e.g., TSR, revenue, EBITDA) nor fund-level compensation for officers; NUV officers are employed by Nuveen and receive no compensation from the Fund .
Past Roles
| Organization | Role | Years | Strategic impact |
|---|---|---|---|
| Nuveen | Senior Managing Director; Head of Public Product | 2025 (as disclosed) | Leads public product strategy/oversight within Nuveen’s investment complex |
| Nuveen Fund Advisors, LLC | President; formerly Senior Managing Director | 2025 (President); prior years as SMD | Leadership of adviser functions across Nuveen closed-end funds |
| Nuveen; Nuveen Fund Advisors, LLC | Senior Managing Director | 2024 (as disclosed) | Senior management across Nuveen’s fund adviser entities |
External Roles
None disclosed in NUV’s officer biographies (no external board or committee roles listed for Jones in the fund proxies) .
Fixed Compensation
| Component | Disclosure | Notes |
|---|---|---|
| Fund officer compensation | No compensation paid by NUV | “The Funds have no employees. The officers of the Funds serve without any compensation from the Funds.” |
| CCO compensation treatment | Paid by Adviser; Fund reimburses allocable incentive comp | Applies to the Funds’ CCO; illustrative of fund-level compensation practice |
| Deferred comp plan | Available to Independent Board Members (not officers) | Plan mechanics and eligibility described for directors only |
Performance Compensation
Not disclosed. NUV does not report officer performance metrics (weighting/targets/payouts) or vesting terms for fund officers; officer compensation is not paid by the Fund .
Equity Ownership & Alignment
Insider transactions (Form 4) by Jones across Nuveen closed-end funds (signal of personal alignment; NUV-specific holdings not reported):
| Date | Fund | Ticker | Transaction | Shares | Price | Post-Holdings | Ownership |
|---|---|---|---|---|---|---|---|
| 2023-11-10 | Nuveen AMT-Free Municipal Credit Income Fund | NVG | Purchase | 1,000 | $10.7588 | 2,500 | Direct |
| 2025-05-05 | Nuveen Mortgage & Income Fund | JLS | Purchase | 800 | $18.1852 | 1,228 | Direct |
| 2025-09-10 | Nuveen AMT-Free Quality Municipal Income Fund | NEA | Sale | 400 | $11.35 | 0 | Direct |
| 2025-09-11 | Nuveen Municipal Credit Opportunities Fund | NMCO | Purchase | 800 | $10.82 | 1,800 | Direct |
Additional ownership context:
- As of the 2024 and 2025 record dates, Board Members and executive officers, as a group, beneficially owned less than 1% of outstanding shares of each Fund (including NUV) .
- NUV’s proxies provide detailed beneficial holdings for Board Members; individual officer shareholdings are not itemized in the NUV proxy tables .
Pledging/hedging:
- No pledging or hedging disclosures for Jones in NUV proxies or noted in the referenced Form 4 filings .
Employment Terms
| Item | Detail | Source |
|---|---|---|
| Fund officer title | Vice President and Treasurer (NUV) | |
| Term of office | Indefinite | |
| Length of service | Since 2016 (fund officer tenure) | |
| Employer | Nuveen / Nuveen Fund Advisors, LLC (officers serve without compensation from the Funds) | |
| Severance/change-of-control | Not disclosed for fund officers | |
| Non-compete / non-solicit / garden leave | Not disclosed | |
| Post-termination consulting | Not disclosed |
Investment Implications
- Alignment: Jones has made open-market purchases in several Nuveen closed-end funds (NVG, JLS, NMCO) and exited a small NEA position; position sizes are modest, but net activity suggests personal alignment with Nuveen municipal strategies over time .
- Compensation levers: Because NUV fund officers are compensated by the Adviser (not the Fund), typical pay-for-performance levers (Fund TSR, NAV total return, distribution coverage) are not disclosed in NUV filings; thus pay alignment must be inferred from tenure, roles, and personal holdings rather than fund-level comp metrics .
- Retention risk: Tenure since 2016 with indefinite officer terms and expanded responsibilities at Nuveen (Head of Public Product; President of Nuveen Fund Advisors) point to institutional continuity; no severance/change-of-control terms are filed at the Fund level, suggesting retention risk primarily resides within Nuveen HR policies rather than NUV governance .
- Trading signals: Small insider transactions are unlikely to be decisive signals on NUV given fund officers’ aggregate holdings are <1% and trades occur across multiple Nuveen funds; absence of pledging/hedging disclosures is a positive alignment indicator .