Nathaniel Jones
About Nathaniel Jones
Nathaniel T. Jones (born 1979) serves as Vice President and Treasurer of Nuveen NASDAQ 100 Dynamic Overwrite Fund (QQQX), with an indefinite term and tenure since 2016; he is a Senior Managing Director at Nuveen and at Nuveen Fund Advisors, LLC, and is a Chartered Financial Analyst . Officers of the Funds receive no compensation from the Funds; compensation for the Chief Compliance Officer is paid by the Adviser, underscoring that executive pay details for fund officers are not disclosed at the fund level . Fund-level performance metrics (TSR, revenue, EBITDA growth) for the officer are not provided in the proxy materials, as the fund’s governance documents focus on Board oversight rather than individual officer performance targets .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Nuveen | Various positions prior to current role (not specified) | Not disclosed | Background indicates progressive responsibilities within Nuveen; specific initiatives not detailed |
External Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| None disclosed in fund documents | — | — | No external directorships or committee roles disclosed for Jones in QQQX’s proxy filings |
Fixed Compensation
Officers receive no compensation from the Funds; compensation arrangements are handled by the Adviser, and specific salary/bonus data for Jones is not disclosed in QQQX filings .
| Component | 2024 | Notes |
|---|---|---|
| Base Salary (Fund) | None | Officers serve without any compensation from the Funds |
| Target Bonus % (Fund) | Not disclosed | Compensation not paid by the Funds |
| Actual Bonus Paid (Fund) | Not disclosed | Compensation not paid by the Funds |
| Adviser-Paid Compensation | Not disclosed | Details reside with Nuveen/TIAA; not disclosed in QQQX proxy |
Performance Compensation
No performance-based compensation metrics for fund officers are disclosed in QQQX proxy materials; officers are compensated by the Adviser, not by the Fund .
| Metric | Weighting | Target | Actual | Payout | Vesting |
|---|---|---|---|---|---|
| Not disclosed for fund officers | — | — | — | — | — |
Equity Ownership & Alignment
The proxy emphasizes Board member ownership principles (e.g., invest at least one year of Board compensation) but does not set ownership guidelines for fund officers; individual beneficial ownership by Jones in QQQX is not disclosed, while aggregate beneficial ownership of Board Members and officers as a group is less than 1% of outstanding shares . QQQX had 48,826,782 common shares outstanding as of January 19, 2024 .
| Item | Detail |
|---|---|
| Shares Outstanding (QQQX Common) | 48,826,782 |
| Nathaniel Jones Beneficial Ownership | Not disclosed in proxy |
| Officers + Board (Group) Ownership | Less than 1% of outstanding shares |
| Shares Pledged as Collateral | Not disclosed for Jones |
| Ownership Guidelines (Officers) | Not specified; Board governance principle applies to Independent Board Members |
Employment Terms
| Term Element | Detail |
|---|---|
| Position | Vice President and Treasurer |
| Term of Office | Indefinite |
| Length of Time Served | Since 2016 |
| Employer/Primary Roles | Senior Managing Director, Nuveen; Senior Managing Director, Nuveen Fund Advisors, LLC |
| Non-Compete/Non-Solicit | Not disclosed in fund proxy |
| Severance/Change-of-Control | Not disclosed in fund proxy |
| Clawbacks/Tax Gross-ups | Not disclosed in fund proxy |
Performance & Track Record
- The fund operates under a unitary independent Board structure with robust committee oversight (Audit, Investment, Compliance, Dividend, etc.), but fund documents do not tie Jones’ role to specific performance metrics or initiatives in the proxy .
- As of January 19, 2024, no shareholder beneficially owned more than 5% of QQQX common shares, which can influence trading dynamics and governance engagement; the proxy records compliance with Section 16(a) filings for officers in the prior fiscal year .
Investment Implications
- Pay-for-performance analysis at the fund level is constrained: officer compensation is paid by the Adviser and not disclosed in QQQX filings, limiting visibility into Jones’s base salary, bonuses, equity awards, and performance metrics; therefore, direct alignment signals via fund-paid incentives are not observable from the proxy .
- Ownership alignment at the individual officer level is not disclosed; aggregate holdings by officers and Board members are less than 1% of shares outstanding, offering limited signal for insider-driven alignment or selling pressure analysis based solely on fund proxy data .
- Retention, severance, change-of-control, and vesting schedules are not disclosed in fund materials; monitoring Nuveen/TIAA corporate disclosures and Form 4 filings is necessary to assess incentives, insider activity, and potential selling pressure beyond the fund proxy .
- Governance oversight is strong at the Board level with specialized committees and frequent meetings, which may mitigate operational and compliance risks but does not provide officer-specific performance or incentive levers for trading signals on QQQX .