Nathaniel T. Jones
About Nathaniel T. Jones
Nathaniel T. Jones serves as Vice President and Treasurer of Nuveen AMT‑Free Municipal Credit Income Fund (NVG) with an indefinite term and has served since 2016; he is a Chartered Financial Analyst and currently Senior Managing Director and Head of Public Product at Nuveen, and President (formerly Senior Managing Director) of Nuveen Fund Advisors, LLC; year of birth: 1979; principal office: 333 West Wacker Drive, Chicago, IL 60606 . Fund filings state officers receive no compensation from the Funds and do not disclose officer performance metrics (e.g., TSR, revenue growth, EBITDA growth) at the fund level, limiting pay‑for‑performance analysis within NVG .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Nuveen | Senior Managing Director; Head of Public Product | Since 2021; current | Senior leadership overseeing public product platform |
| Nuveen Fund Advisors, LLC | President (formerly Senior Managing Director) | Current; formerly SMD | Leadership of the adviser to Nuveen Funds; key governance and operations role |
| Nuveen | Managing Director | 2017–2021 | Progression into senior leadership, indicating expanded responsibility |
| Nuveen | Senior Vice President | 2016–2017 | Transitional executive role before MD appointment |
| Nuveen | Vice President | 2011–2016 | Core finance/treasury roles supporting fund operations |
| Nuveen Fund Advisors, LLC | Managing Director | Since 2015 (legacy disclosure) | Adviser leadership responsibilities alongside Nuveen roles |
External Roles
No external board or committee roles for Mr. Jones are disclosed in NVG’s proxy filings; disclosures focus on Nuveen and Nuveen Fund Advisors positions .
Fixed Compensation
- Officers of NVG serve without compensation from the Fund; base salary, bonus targets, actual bonuses, and equity awards for Mr. Jones are not disclosed in NVG filings (compensation occurs at the adviser/parent level and is outside NVG’s disclosures) .
“Officers receive no compensation from the Funds.”
Performance Compensation
- No performance‑based compensation details (metrics, weightings, targets, payouts, vesting) for Mr. Jones are disclosed by NVG; such incentives, if any, would be set by Nuveen/TIAA and are not reported in the Fund’s proxy .
Equity Ownership & Alignment
- Individual officer holdings are not itemized; proxies present “Board Members/Nominees and Officers as a Group” beneficial ownership, which shows limited aggregate holdings in NVG over time (see table). No pledging/hedging or ownership guideline disclosures for officers are provided at the fund level .
| Metric | 2018 | 2020 | 2021 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Group beneficial ownership of NVG (AMT‑Free Credit Income) (shares) | 3,234 | 1,277 | 1,277 | 1,277 | 2,500 | 5,575 |
- Beneficial ownership tables for other Nuveen municipal funds (e.g., Quality Income, Credit Income) show generally low direct insider positions, reinforcing limited “skin‑in‑the‑game” at the fund level .
Employment Terms
| Attribute | Disclosure |
|---|---|
| Position | Vice President and Treasurer of NVG |
| Term of Office | Indefinite; officer since 2016 |
| Employer | Officers are arranged by the Adviser (Nuveen Fund Advisors, LLC) to serve the Fund; compensation is not paid by the Fund |
| Non‑compete / Non‑solicit | Not disclosed in NVG filings |
| Severance / Change‑of‑Control | Not disclosed in NVG filings |
| Clawbacks / Gross‑ups | Not disclosed in NVG filings |
| Ownership Guidelines (Officers) | Not disclosed in NVG filings |
Investment Implications
- Visibility into pay‑for‑performance is limited: NVG does not disclose officer compensation or incentive metrics; any linkage to performance exists at Nuveen/TIAA and is outside NVG’s proxy, reducing direct insight into alignment for fund officers .
- Skin‑in‑the‑game appears modest at the fund level: aggregate insider holdings in NVG are small and only disclosed as group totals, with no pledging or hedging disclosures—weak direct trading signals for the fund .
- Governance stability and tenure: Mr. Jones’ long tenure (since 2016) and ascent to Senior Managing Director/Head of Public Product and President of Nuveen Fund Advisors indicate operational continuity; however, retention risk and employment protections are not discernible from fund filings .
- For actionable signals (insider buying/selling pressure, option activity), fund‑level disclosures are insufficient; monitoring adviser‑level disclosures (if available) and broader Nuveen/TIAA governance updates is recommended, alongside NVG performance and discount/NAV dynamics for trading decisions .