Jeremy D. Franklin
About Jeremy D. Franklin
Jeremy D. Franklin (year of birth: 1983) serves as Vice President and Assistant Secretary for Nuveen Municipal Credit Income Fund (NZF) and other Nuveen/TIAA funds; he has been an officer in the Nuveen fund complex since 2024, with an indefinite term and officers elected annually by the Board to serve until successors are elected and qualified. Officers receive no compensation from the Funds; Mr. Franklin’s principal occupations over the past five years include Managing Director and Assistant Secretary at Nuveen Fund Advisors, LLC, and Vice President/Associate General Counsel roles across Nuveen Asset Management, Teachers Advisors, TIAA‑CREF Investment Management, TIAA, TIAA‑CREF Funds and Life Funds, and the College Retirement Equities Fund . Fund‑level performance metrics (TSR, revenue, EBITDA) or individual officer performance metrics are not disclosed for NZF in proxy filings; Board committees oversee fund performance, leverage, and hedging at the fund level, not officer pay .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Nuveen Fund Advisors, LLC | Managing Director and Assistant Secretary | Current as of June 20, 2025 | Not disclosed in proxy |
| Nuveen Asset Management, LLC | Vice President, Associate General Counsel and Assistant Secretary | Current as of June 20, 2025 | Not disclosed in proxy |
| Teachers Advisors, LLC | Vice President, Associate General Counsel and Assistant Secretary | Current as of June 20, 2025 | Not disclosed in proxy |
| TIAA‑CREF Investment Management, LLC | Vice President, Associate General Counsel and Assistant Secretary | Current as of June 20, 2025 | Not disclosed in proxy |
| Teachers Insurance and Annuity Association of America (TIAA) | Vice President and Associate General Counsel | Current as of June 20, 2025 | Not disclosed in proxy |
| TIAA‑CREF Funds and TIAA‑CREF Life Funds | Vice President and Assistant Secretary | Current as of June 20, 2025 | Not disclosed in proxy |
| TIAA Separate Account VA‑1 and College Retirement Equities Fund | Vice President, Associate General Counsel, and Assistant Secretary | Current as of June 20, 2025 | Not disclosed in proxy |
External Roles
No external directorships or committee roles are disclosed for Mr. Franklin in NZF proxy materials .
Fixed Compensation
- Officers receive no compensation from the Funds; NZF does not disclose base salary, bonus, or equity compensation for fund officers (those are paid by the adviser/affiliates, not by the Fund) .
Performance Compensation
- No disclosure of performance‑based incentives, metrics, or payout formulas for NZF officers. Officers are not compensated by the Funds; performance oversight occurs at the Board/committee level for fund operations rather than through officer compensation structures .
Equity Ownership & Alignment
- The proxy provides detailed beneficial ownership for Board Members and reports “Board Members and executive officers as a group” holdings; individual officer holdings (including Mr. Franklin’s) are not broken out. As of June 20, 2025, the Board Members’ individual beneficial shareholdings constituted less than 1% of the outstanding shares of each Fund, and the Board Members and executive officers as a group beneficially owned less than 1% of the outstanding shares of each Fund .
- Board Members are expected to invest at least the equivalent of one year of Board compensation in funds within the Fund Complex to align interests with shareholders; this expectation applies to Board Members, not officers .
- No pledging/hedging policy disclosures specific to officers appear in NZF proxy materials; committee charters reference oversight of leverage and hedging at the fund level rather than officer stock practices .
Employment Terms
| Item | Disclosure |
|---|---|
| Position | Vice President and Assistant Secretary |
| Officer election | Officers elected annually by the Board; serve until successors are elected and qualified |
| Term | Indefinite; length of service as officer of a Nuveen fund since 2024 |
| Compensation source | Officers receive no compensation from the Funds (paid by adviser/affiliates) |
| Non‑compete, non‑solicit, severance | Not disclosed in NZF proxy filings |
Investment Implications
- Pay‑for‑performance linkage at the fund level is not applicable to NZF officers; compensation occurs at Nuveen/TIAA affiliates and is not disclosed by NZF, limiting visibility into base/bonus structures, equity grants, vesting, and clawbacks. This reduces the utility of insider compensation signals for NZF trading .
- Ownership alignment data for Mr. Franklin specifically is not provided; the group holdings and <1% thresholds imply minimal direct alignment signals from officer ownership at the fund level, while Board Members have an investment expectation (one year of compensation) that does not extend to officers .
- Insider selling pressure and Form 4‑based trading signals for Mr. Franklin are not observed in a targeted SEC search; the search surfaced unrelated Franklin entities, suggesting no NZF‑specific Form 4 filings for Jeremy D. Franklin identified in this review window .
- Governance and performance oversight levers for NZF primarily reside with Board committees (Audit; Compliance, Risk Management & Regulatory Oversight; Investment; Closed‑End Fund; Dividend; Executive; Nominating & Governance), which regularly review fund performance drivers, leverage, hedging, premiums/discounts, distribution policies, and valuation—these are more relevant to portfolio outcomes than officer‑level incentives in this structure .