Brett Black
About Brett Black
Brett E. Black (year of birth: 1972) serves as Vice President and Chief Compliance Officer for Nuveen NASDAQ 100 Dynamic Overwrite Fund (QQQX) and the Nuveen fund complex; his term is indefinite and he has served as an officer since 2022 . He is Managing Director and Chief Compliance Officer at Nuveen; previously he was Vice President (2014–2022), Chief Compliance Officer and Anti-Money Laundering Compliance Officer (2017–2022) of BMO Funds, Inc. . Officers receive no compensation from the Funds; the Chief Compliance Officer’s compensation (base salary and incentive compensation) is paid by the Adviser (Nuveen) and the Funds reimburse an allocable portion of the Adviser’s cost of the CCO’s incentive compensation . Fund filings do not disclose TSR, revenue or EBITDA performance metrics tied to Mr. Black’s compensation or mandate .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Nuveen | Managing Director; Chief Compliance Officer | 2022–present | Oversees compliance across Nuveen fund complex; fund officer (term indefinite) . |
| BMO Funds, Inc. | Vice President; Chief Compliance Officer; AML Compliance Officer | 2014–2022 | Led mutual fund compliance and AML programs . |
External Roles
- Not disclosed in fund filings for Mr. Black .
Fixed Compensation
- Officers receive no compensation from the Funds; they are elected by the Board on an annual basis to serve until successors are elected and qualified .
- The Funds’ Chief Compliance Officer compensation is paid by the Adviser (Nuveen) and includes base salary and incentive compensation; the Funds reimburse an allocable portion of the Adviser’s cost related to the CCO’s incentive compensation .
| Item | Disclosure |
|---|---|
| Fund-paid officer compensation | Officers receive no compensation from the Funds . |
| CCO compensation payer | Paid by Adviser (Nuveen); base salary + incentive compensation . |
| Fund reimbursement | Funds reimburse allocable portion of Adviser’s cost of CCO’s incentive comp . |
| Retirement/pension plans (Board context) | Funds do not have retirement or pension plans; a deferred compensation plan exists for Independent Board Members (not applicable to officers) . |
Performance Compensation
- Fund filings do not specify quantitative performance metrics (e.g., TSR, revenue, EBITDA, ESG) linked to the Chief Compliance Officer’s incentive compensation; only the pay structure and reimbursement mechanism are disclosed .
| Metric | Weighting | Target | Actual | Payout | Vesting |
|---|---|---|---|---|---|
| CCO incentive compensation (structure) | Not disclosed | Not disclosed | Not disclosed | Paid by Adviser; Funds reimburse portion | Not disclosed . |
Equity Ownership & Alignment
| Item | Amount/Status |
|---|---|
| Board Members’ individual beneficial holdings | <1% of outstanding shares of each Fund as of Feb 18, 2025 . |
| Board Members and executive officers as a group | <1% of outstanding shares of each Fund as of Feb 18, 2025 . |
| Brett Black individual beneficial holdings | Not itemized in excerpts; see Appendix A of 2025 Proxy . |
| Shares pledged as collateral | No pledging disclosures found for officers in proxy excerpts . |
- Section 16(a)/30(h) ownership reporting: Funds state Board Members, officers, Adviser and affiliates complied with applicable filing requirements during the last fiscal year and the previous fiscal year .
Employment Terms
| Term | Detail |
|---|---|
| Position | Vice President and Chief Compliance Officer . |
| Term of office | Indefinite; officer since 2022 . |
| Election | Officers are elected by the Board on an annual basis to serve until successors are elected and qualified . |
| Employer for compensation | Adviser (Nuveen) pays CCO compensation; Funds reimburse portion of incentive comp . |
| Severance/Change-of-control | Not disclosed in fund filings . |
| Non-compete/Non-solicit/Clawback | Not disclosed in fund filings . |
Investment Implications
- Alignment: Officers do not receive fund-paid compensation, and group beneficial ownership is <1%—officer equity alignment at the fund level appears limited; however, this is standard for closed-end fund structures where portfolio outcomes are driven by the Adviser and portfolio management teams rather than fund officers .
- Incentive structure: The CCO’s incentive compensation is paid by Nuveen with the Funds reimbursing a portion, but no performance metrics are disclosed—investors should not expect pay-for-performance linkages (TSR/EBITDA/revenue) for compliance executives in fund filings .
- Retention risk: Term is indefinite and officers are re-elected annually; no disclosed severance or change-of-control economics at the fund level—retention appears primarily governed by Nuveen’s employment terms rather than fund-specific contracts .
- Trading signals: Section 16(a) compliance is affirmed and group ownership is <1%, reducing insider trading signal relevance for this role; no pledging or hedging disclosures were found for Mr. Black in fund proxies .