Fund Name | Listing Exchange | Ticker Symbol | |||
Nuveen Short-Term REIT ETF | Cboe BZX Exchange, Inc. | NURE |
Percentages of Distributions | Per Share Amounts | ||||||||
Ticker | Net
Investment Income |
Realized
Gains |
Return
of Capital1 |
Distributions | Net
Investment Income |
Realized
Gains |
Return
of Capital1 | ||
NURE | 71.51% | 0.00% | 28.49% | $0.5455 | $0.3901 | $0.0000 | $0.1554 |
Total Returns as of December 31, 2021 | |||||
Average Annual | |||||
Inception
Date |
1-Year | 5-Year | Since
Inception |
Expense
Ratios | |
NURE at NAV | 12/19/16 | 53.19% | 13.57% | 13.84% | 0.35% |
NURE at Market Price | 12/19/16 | 53.42% | 14.10% | 13.88% | - |
Dow Jones U.S. Select REIT Index | - | 45.91% | 9.65% | 9.73% | - |
Dow Jones U.S. Select Short-Term REIT Index1 | - | 53.85% | 13.96% | 14.24% | - |
Actual Performance | |
Beginning Account Value | $1,000.00 |
Ending Account Value | $1,207.10 |
Expenses Incurred During Period | $ 1.95 |
Hypothetical
Performance (5% annualized return before expenses) |
|
Beginning Account Value | $1,000.00 |
Ending Account Value | $1,023.44 |
Expenses Incurred During the Period | $ 1.79 |
Shares | Description (1) | Value | ||||
LONG-TERM INVESTMENTS – 99.6% | ||||||
REAL ESTATE INVESTMENT TRUST COMMON STOCKS – 99.6% | ||||||
Apartments – 49.4% | ||||||
67,171 | American Campus Communities Inc | $3,848,227 | ||||
134,131 | American Homes 4 Rent, Class A | 5,849,453 | ||||
75,775 | Apartment Income REIT Corp | 4,142,619 | ||||
73,485 | Apartment Investment and Management Co, Class A (2) | 567,304 | ||||
23,087 | AvalonBay Communities Inc | 5,831,545 | ||||
32,641 | Camden Property Trust | 5,832,294 | ||||
6,894 | Centerspace | 764,545 | ||||
64,697 | Equity Residential | 5,855,078 | ||||
16,251 | Essex Property Trust Inc | 5,724,090 | ||||
50,471 | Independence Realty Trust Inc | 1,303,666 | ||||
130,939 | Invitation Homes Inc | 5,936,774 | ||||
25,977 | Mid-America Apartment Communities Inc | 5,960,163 | ||||
10,970 | NexPoint Residential Trust Inc | 919,615 | ||||
95,905 | UDR Inc | 5,753,341 | ||||
Total Apartments | 58,288,714 | |||||
Diversified – 0.9% | ||||||
40,853 | Washington Real Estate Investment Trust | 1,056,050 | ||||
Hotels – 16.7% | ||||||
102,510 | Apple Hospitality REIT Inc | 1,655,536 | ||||
15,716 | Ashford Hospitality Trust Inc (2) | 150,874 | ||||
23,541 | Chatham Lodging Trust (2) | 322,983 | ||||
101,667 | DiamondRock Hospitality Co (2) | 977,020 | ||||
15,943 | Hersha Hospitality Trust (2) | 146,197 | ||||
334,532 | Host Hotels & Resorts Inc (2) | 5,817,511 | ||||
114,148 | Park Hotels & Resorts Inc (2) | 2,155,114 | ||||
63,417 | Pebblebrook Hotel Trust | 1,418,638 | ||||
80,407 | RLJ Lodging Trust | 1,120,070 | ||||
26,580 | Ryman Hospitality Properties Inc (2) | 2,444,297 | ||||
79,690 | Service Properties Trust | 700,475 | ||||
51,384 | Summit Hotel Properties Inc (2) | 501,508 | ||||
105,872 | Sunstone Hotel Investors Inc (2) | 1,241,879 | ||||
55,127 | Xenia Hotels & Resorts Inc (2) | 998,350 | ||||
Total Hotels | 19,650,452 | |||||
Manufactured Homes – 9.8% | ||||||
66,003 | Equity LifeStyle Properties Inc | 5,785,823 |
Shares | Description (1) | Value | ||||
Manufactured Homes (continued) | ||||||
27,787 | Sun Communities Inc | $ 5,834,436 | ||||
Total Manufactured Homes | 11,620,259 | |||||
Self-Storage – 22.8% | ||||||
101,961 | CubeSmart | 5,802,600 | ||||
27,069 | Extra Space Storage Inc | 6,137,354 | ||||
39,593 | Life Storage Inc | 6,064,856 | ||||
39,554 | National Storage Affiliates Trust | 2,737,137 | ||||
16,503 | Public Storage | 6,181,364 | ||||
Total Self-Storage | 26,923,311 | |||||
Total Long-Term Investments (cost $102,370,859) | 117,538,786 | |||||
Other Assets Less Liabilities – 0.4% | 439,644 | |||||
Net Assets – 100% | $ 117,978,430 |
For Fund portfolio compliance purposes, the Fund’s industry classifications refer to any one or more of the industry sub-classifications used by one or more widely recognized market indexes or ratings group indexes, and/or as defined by Fund management. This definition may not apply for purposes of this report, which may combine industry sub-classifications into sectors for reporting ease. | ||
(1) | All percentages shown in the Portfolio of Investments are based on net assets. | |
(2) | Non-income producing; issuer has not declared an ex-dividend date within the past twelve months. | |
REIT | Real Estate Investment Trust |
Assets | |
Long-term investments, at value (cost $102,370,859) | $117,538,786 |
Cash | 226,963 |
Receivable for dividends | 247,004 |
Total assets | 118,012,753 |
Liabilities | |
Accrued expenses: | |
Management fees | 33,552 |
Trustees fees | 489 |
Other | 282 |
Total liabilities | 34,323 |
Net assets | $117,978,430 |
Shares outstanding | 2,900,000 |
Net asset value ("NAV") per share | $ 40.68 |
Net assets consist of: | |
Capital paid-in | $107,733,897 |
Total distributable earnings | 10,244,533 |
Net assets | $117,978,430 |
Authorized shares | Unlimited |
Par value per share | $ 0.01 |
Investment Income | |
Dividends | $ 962,816 |
Total investment income | 962,816 |
Expenses | |
Management fees | 201,986 |
Professional fees | 601 |
Trustees fees | 1,526 |
Total expenses | 204,113 |
Net investment income (loss) | 758,703 |
Realized and Unrealized Gain (Loss) | |
Net realized gain (loss) from: | |
Investments | (119,183) |
In-kind redemptions | 5,262,001 |
Change in net unrealized appreciation (depreciation) of investments | 16,755,031 |
Net realized and unrealized gain (loss) | 21,897,849 |
Net increase (decrease) in net assets from operations | $22,656,552 |
Year
Ended 12/31/21 |
Year
Ended 12/31/20 | |
Operations | ||
Net investment income (loss) | $ 758,703 | $ 865,222 |
Net realized gain (loss) from: | ||
Investments | (119,183) | (4,656,049) |
In-kind redemptions | 5,262,001 | 3,361,689 |
Change in net unrealized appreciation (depreciation) of investments | 16,755,031 | (7,053,826) |
Net increase (decrease) in net assets from operations | 22,656,552 | (7,482,964) |
Distributions to Shareholders | ||
Dividends | (758,703) | (945,327) |
Return of capital | (255,532) | (517,728) |
Decrease in net assets from distributions to shareholders | (1,014,235) | (1,463,055) |
Fund Share Transactions | ||
Proceeds from shares sold | 91,378,235 | 12,301,870 |
Cost of shares redeemed | (19,324,895) | (36,523,980) |
Net increase (decrease) in net assets from Fund share transactions | 72,053,340 | (24,222,110) |
Net increase (decrease) in net assets | 93,695,657 | (33,168,129) |
Net assets at the beginning of period | 24,282,773 | 57,450,902 |
Net assets at the end of period | $117,978,430 | $ 24,282,773 |
Investment Operations | Less Distributions | ||||||||||
Year
Ended December 31, |
Beginning
NAV |
Net
Investment Income (Loss)(a) |
Net
Realized/ Unrealized Gain (Loss) |
Total | From
Net Investment Income |
From
Accumulated Net Realized Gains |
Return
of Capital |
Total | Ending
NAV |
Ending
Market Price | |
2021 | $26.98 | $0.46 | $13.79 | $14.25 | $(0.39) | $ — | $(0.16) | $(0.55) | $40.68 | $40.74 | |
2020 | 30.24 | 0.48 | (2.82) | (2.34) | (0.59) | (0.04) | (0.29) | (0.92) | 26.98 | 26.98 | |
2019 | 25.05 | 0.75 | 5.50 | 6.25 | (0.73) | (0.33) | — | (1.06) | 30.24 | 30.23 | |
2018 | 26.35 | 0.82 | (1.10) | (0.28) | (0.95) | (0.07) | — | (1.02) | 25.05 | 24.99 | |
2017 | 25.49 | 0.70 | 1.16 | 1.86 | (0.70) | (0.26) | (0.04) | (1.00) | 26.35 | 26.01 |
Ratios/Supplemental Data | |||||
Total Return | Ratios to Average Net Assets | ||||
Based
on NAV(b) |
Based
on Market Price(b) |
Ending
Net Assets (000) |
Expenses | Net
Investment Income (Loss) |
Portfolio
Turnover Rate(c) |
53.19% | 53.42% | $117,978 | 0.35% | 1.31% | 11% |
(7.29) | (7.27) | 24,283 | 0.35 | 1.95 | 29 |
25.10 | 25.38 | 57,451 | 0.35 | 2.57 | 14 |
(1.05) | 0.01 | 31,316 | 0.35 | 3.05 | 16 |
7.45 | 8.41 | 6,588 | 0.35 | 2.70 | 20 |
(a) | Per share Net Investment Income (Loss) is calculated using the average daily shares method. |
(b) | Total Return Based on NAV reflects the change in NAV over the period, including the assumed reinvestment of distributions, if any, at NAV on each ex-dividend payment date during the period. Total Return Based on Market Price reflects the change in the market price per share over the period, including the assumed reinvestment of distributions, if any, at the ending market price per share on each ex-dividend payment date during the period. Total returns are not annualized. |
(c) | Portfolio Turnover Rate is calculated based on the lesser of long-term purchases or sales (as disclosed in Note 4 - Portfolio Securities and Investment Transactions) divided by the average long-term market value during the period. Portfolio Turnover Rate excludes securities received or delivered as a result of processing in-kind creations or redemptions of Fund shares (as disclosed in Note 5 - Fund Shares). |
Level 1 | Level 2 | Level 3 | Total | |
Long-Term Investments*: | ||||
Real Estate Investment Trust Common Stocks | $117,538,786 | $ — | $ — | $117,538,786 |
* | Refer to the Fund's Portfolio of Investments for industry classifications. |
Purchases | $6,068,935 |
Sales | 6,245,057 |
In-kind purchases | $91,235,244 |
In-kind sales | 19,297,369 |
Year Ended 12/31/21 |
Year Ended 12/31/20 | ||||
Shares | Amount | Shares | Amount | ||
Shares sold | 2,550,000 | $ 91,378,235 | 500,000 | $ 12,301,870 | |
Shares redeemed | (550,000) | (19,324,895) | (1,500,000) | (36,523,980) | |
Net increase (decrease) | 2,000,000 | $ 72,053,340 | (1,000,000) | $(24,222,110) |
Tax cost of investments | $102,532,506 |
Gross unrealized: | |
Appreciation | $ 17,130,457 |
Depreciation | (2,124,177) |
Net unrealized appreciation (depreciation) of investments | $ 15,006,280 |
Undistributed net ordinary income | $ — |
Undistributed net long-term capital gains | — |
2021 | |
Distributions from net ordinary income1 | $758,703 |
Distributions from net long-term capital gains | — |
Return of capital | 255,532 |
2020 | |
Distributions from net ordinary income1 | $865,222 |
Distributions from net long-term capital gains | 80,105 |
Return of capital | 517,728 |
1 | Net ordinary income consists of net taxable income derived from dividends, interest, and net short-term capital gains, if any. |
Not subject to expiration: | |
Short-term | $1,678,197 |
Long-term | 3,083,550 |
Total | $4,761,747 |
Cross-Trades | |
Purchases | $163,018 |
Sales | 145,221 |
Realized gain (loss) | 1,562 |
TIAA owned shares | 9% |
% of DRD | 0.3% | ||||||
% of QDI | 0.3% | ||||||
% of QBI | 99.7% |
Year Ended December 31, 2021 | Number of Days | % of Total Days | |||
Premium/Discount Range: | |||||
0.00% to 0.25% | 191 | 75.8% | |||
(0.01)% to (0.25)% | 61 | 24.2% | |||
252 | 100% |
• | Centralization of Functions – ongoing initiatives to centralize investment leadership, market approach and shared support functions within Nuveen and its affiliates in seeking to operate more effectively the business and enhance the services to the Nuveen funds; |
• | Fund Improvements and Product Management Initiatives – continuing to proactively manage the Nuveen fund complex as a whole and at the individual fund level with an aim to continually improve product platforms and investment strategies to better serve shareholders through, among other things, rationalizing the product line and gaining efficiencies through mergers, repositionings and liquidations; launching new funds; reviewing and updating investment policies and benchmarks; and modifying portfolio management teams for various funds; |
• | Investment Team Integrations – continuing to integrate and adjust the members of certain investment teams, in part, to allow greater access to tools and resources within the Nuveen organization and its affiliates; |
• | Capital Initiatives – continuing to invest capital to support new Nuveen funds with initial capital as well as to support existing funds and facilitate regulatory or logistical changes; |
• | Liquidity Management – continuing to operate the liquidity management program of the applicable Nuveen funds including monitoring daily their liquidity profile and assessing annually the overall liquidity risk of such funds; |
• | Compliance Program Initiatives – continuing efforts to mitigate compliance risk, increase operating efficiencies, implement enhancements to strengthen key compliance program elements and support international business growth and other corporate objectives; |
• | Investment Oversight – preparing reports to the Board addressing, among other things, fund performance; market conditions; investment teams; new products; changes to mandates, policies and benchmarks; and other management proposals; |
• | Risk Management and Valuation Services - continuing to oversee and manage risk including, among other things, conducting daily calculations and monitoring of risk measures across the Nuveen funds, instituting appropriate investment risk controls, providing risk reporting throughout the firm, participating in internal oversight committees, and continuing to implement an operational risk framework that seeks to provide greater transparency of operational risk matters across the complex as well as provide multiple other risk programs that seek to provide a more disciplined and consistent approach to identifying and mitigating Nuveen’s operational risks. Further, the securities valuation team continues, among other things, to oversee the daily valuation process of the portfolio securities of the funds, maintains the valuation policies and procedures, facilitates valuation committee meetings, manages relationships with pricing vendors, and prepares relevant valuation reports and designs methods to simplify and enhance valuation workflow within the organization; |
• | Regulatory Matters – continuing efforts to monitor regulatory trends and advocate on behalf of Nuveen and/or the Nuveen funds, to implement and comply with new or revised rules and mandates and to respond to regulatory inquiries and exams; |
• | Government Relations – continuing efforts of various Nuveen teams and Nuveen’s affiliates to develop policy positions on a broad range of issues that may impact the Nuveen funds, advocate and communicate these positions to lawmakers and other regulatory authorities and work with trade associations to ensure these positions are represented; |
• | Business Continuity, Disaster Recovery and Information Security – continuing efforts of Nuveen to periodically test and update business continuity and disaster recovery plans and, together with its affiliates, to maintain an information security program designed to identify and manage information security risks, and provide reports to the Board, at least annually, addressing, among other things, management’s security risk assessment, cyber risk profile, potential impact of new or revised laws and regulations, incident tracking and other relevant information technology risk-related reports; and |
• | Dividend Management Services – continuing to manage the dividends among the varying types of Nuveen funds within the Nuveen complex to be consistent with the respective fund’s product design and positioning in striving to deliver those earnings to shareholders in a relatively consistent manner over time as well as assisting in the development of new products or the restructuring of existing funds. |
Name,
Year of Birth & Address |
Position(s)
Held with the Funds |
Year
First Elected or Appointed (1) |
Principal
Occupation(s) Including other Directorships During Past 5 Years |
Number
of Portfolios in Fund Complex Overseen by Trustee |
Independent Trustees: | ||||
Terence
J. Toth 1959 333 W. Wacker Drive Chicago, IL 60606 |
Chair
and Trustee |
2008 | Formerly, a Co-Founding Partner, Promus Capital (investment advisory firm) (2008-2017); Director, Quality Control Corporation (manufacturing) (since 2012); member: Catalyst Schools of Chicago Board (since 2008) and Mather Foundation Board (philanthropy) (since 2012), and chair of its investment committee; formerly, Member, Chicago Fellowship Board (philanthropy) (2005-2016); formerly, Director, Fulcrum IT Services LLC (information technology services firm to government entities) (2010-2019); formerly, Director, LogicMark LLC (health services) (2012-2016); formerly, Director, Legal & General Investment Management America, Inc. (asset management) (2008-2013); formerly, CEO and President, Northern Trust Global Investments (financial services) (2004-2007); Executive Vice President, Quantitative Management & Securities Lending (2000-2004); prior thereto, various positions with Northern Trust Company (financial services) (since 1994); formerly, Member, Northern Trust Mutual Funds Board (2005-2007), Northern Trust Global Investments Board (2004-2007), Northern Trust Japan Board (2004-2007), Northern Trust Securities Inc. Board (2003- 2007) and Northern Trust Hong Kong Board (1997-2004). | 142 |
Jack
B. Evans 1948 333 W. Wacker Drive Chicago, IL 60606 |
Trustee | 1999 | Chairman (since 2019), formerly, President (1996-2019), The Hall-Perrine Foundation, (private philanthropic corporation); Life Trustee of Coe College; formerly, Member and President Pro-Tem of the Board of Regents for the State of Iowa University System (2007- 2013); Director and Chairman (2009-2021), United Fire Group, a publicly held company; Director, Public Member, American Board of Orthopaedic Surgery (2015-2020); Director (2000-2004), Alliant Energy; Director (1996-2015), The Gazette Company (media and publishing); Director (1997- 2003), Federal Reserve Bank of Chicago; President and Chief Operating Officer (1972-1995), SCI Financial Group, Inc., (regional financial services firm). | 142 |
Name,
Year of Birth & Address |
Position(s)
Held with the Funds |
Year
First Elected or Appointed (1) |
Principal
Occupation(s) Including other Directorships During Past 5 Years |
Number
of Portfolios in Fund Complex Overseen by Trustee |
William
C. Hunter 1948 333 W. Wacker Drive Chicago, IL 60606 |
Trustee | 2003 | Dean Emeritus, formerly, Dean, Tippie College of Business, University of Iowa (2006-2012); Director of Wellmark, Inc. (since 2009); past Director (2005-2015), and past President (2010- 2014) Beta Gamma Sigma, Inc., The International Business Honor Society; formerly, Director (2004-2018) of Xerox Corporation; formerly, Dean and Distinguished Professor of Finance, School of Business at the University of Connecticut (2003-2006); previously, Senior Vice President and Director of Research at the Federal Reserve Bank of Chicago (1995-2003); formerly, Director (1997-2007), Credit Research Center at Georgetown University. | 142 |
Amy
B. R. Lancellotta 1959 333 W. Wacker Drive Chicago, IL 60606 |
Trustee | 2021 | Formerly, Managing Director, Independent Directors Council (IDC) (supports the fund independent director community and is part of the Investment Company Institute (ICI), which represents regulated investment companies) (2006-2019); formerly, various positions with ICI (1989-2006); Member of the Board of Directors, Jewish Coalition Against Domestic Abuse (JCADA) (since 2020). | 142 |
Joanne
T. Medero 1954 333 W. Wacker Drive Chicago, IL 60606 |
Trustee | 2021 | Formerly, Managing Director, Government Relations and Public Policy (2009-2020) and Senior Advisor to the Vice Chairman (2018-2020), BlackRock, Inc. (global investment management firm); formerly, Managing Director, Global Head of Government Relations and Public Policy, Barclays Group (IBIM) (investment banking, investment management and wealth management businesses)(2006-2009); formerly, Managing Director, Global General Counsel and Corporate Secretary, Barclays Global Investors (global investment management firm) (1996-2006); formerly, Partner, Orrick, Herrington & Sutcliffe LLP (law firm) (1993-1995); formerly, General Counsel, Commodity Futures Trading Commission (government agency overseeing U.S. derivatives markets) (1989-1993); formerly, Deputy Associate Director/Associate Director for Legal and Financial Affairs, Office of Presidential Personnel, The White House (1986-1989); Member of the Board of Directors, Baltic-American Freedom Foundation (seeks to provide opportunities for citizens of the Baltic states to gain education and professional development through exchanges in the U.S.) (since 2019). | 142 |
Albin
F. Moschner 1952 333 W. Wacker Drive Chicago, IL 60606 |
Trustee | 2016 | Founder and Chief Executive Officer, Northcroft Partners, LLC, (management consulting) (since 2012); formerly, Chairman (2019), and Director (2012-2019), USA Technologies, Inc., (provider of solutions and services to facilitate electronic payment transactions); formerly, Director, Wintrust Financial Corporation (1996-2016); previously, held positions at Leap Wireless International, Inc. (consumer wireless services), including Consultant (2011-2012), Chief Operating Officer (2008-2011), and Chief Marketing Officer (2004-2008); formerly, President, Verizon Card Services division of Verizon Communications, Inc. (2000-2003); formerly, President, One Point Services at One Point Communications (telecommunication services) (1999-2000); formerly, Vice Chairman of the Board, Diba, Incorporated (internet technology provider) (1996-1997); formerly, various executive positions (1991-1996) including Chief Executive Officer (1995-1996) of Zenith Electronics Corporation (consumer electronics). | 142 |
Name,
Year of Birth & Address |
Position(s)
Held with the Funds |
Year
First Elected or Appointed (1) |
Principal
Occupation(s) Including other Directorships During Past 5 Years |
Number
of Portfolios in Fund Complex Overseen by Trustee |
John
K. Nelson 1962 333 W. Wacker Drive Chicago, IL 60606 |
Trustee | 2013 | Member of Board of Directors of Core12 LLC. (private firm which develops branding, marketing and communications strategies for clients) (since 2008); served The President's Council of Fordham University (2010-2019) and previously a Director of the Curran Center for Catholic American Studies (2009-2018); formerly, senior external advisor to the Financial Services practice of Deloitte Consulting LLP. (2012-2014); former Chair of the Board of Trustees of Marian University (2010-2014 as trustee, 2011-2014 as Chair); formerly Chief Executive Officer of ABN AMRO Bank N.V., North America, and Global Head of the Financial Markets Division (2007-2008), with various executive leadership roles in ABN AMRO Bank N.V. between 1996 and 2007. | 142 |
Judith
M. Stockdale 1947 333 W. Wacker Drive Chicago, IL 60606 |
Trustee | 1997 | Board Member, Land Trust Alliance (national public charity addressing natural land and water conservation in the U.S.) (since 2013); formerly, Board Member, U.S. Endowment for Forestry and Communities (national endowment addressing forest health, sustainable forest production and markets, and economic health of forest-reliant communities in the U.S.) (2013-2019); formerly, Executive Director (1994-2012), Gaylord and Dorothy Donnelley Foundation (private foundation endowed to support both natural land conservation and artistic vitality); prior thereto, Executive Director, Great Lakes Protection Fund (endowment created jointly by seven of the eight Great Lakes states' Governors to take a regional approach to improving the health of the Great Lakes) (1990-1994). | 142 |
Carole
E. Stone 1947 333 W. Wacker Drive Chicago, IL 60606 |
Trustee | 2007 | Former Director, Chicago Board Options Exchange (2006-2017), and C2 Options Exchange, Incorporated (2009-2017); formerly, Director, Cboe Global Markets, Inc., (2010-2020) (formerly named CBOE Holdings, Inc.); formerly, Commissioner, New York State Commission on Public Authority Reform (2005-2010). | 142 |
Matthew
Thornton III 1958 333 W. Wacker Drive Chicago, IL 60606 |
Trustee | 2020 | Formerly, Executive Vice President and Chief Operating Officer (2018-2019), FedEx Freight Corporation, a subsidiary of FedEx Corporation ("FedEx") (provider of transportation, e-commerce and business services through its portfolio of companies); formerly, Senior Vice President, U.S. Operations (2006-2018), Federal Express Corporation, a subsidiary of FedEx; formerly Member of the Board of Directors (2012-2018), Safe Kids Worldwide® (a non-profit organization dedicated to preventing childhood injuries). Member of the Board of Directors (since 2014), The Sherwin-Williams Company (develops, manufactures, distributes and sells paints, coatings and related products); Director (since 2020), Crown Castle International (provider of communications infrastructure). | 142 |
Name,
Year of Birth & Address |
Position(s)
Held with the Funds |
Year
First Elected or Appointed (1) |
Principal
Occupation(s) Including other Directorships During Past 5 Years |
Number
of Portfolios in Fund Complex Overseen by Trustee |
Margaret
L. Wolff 1955 333 W. Wacker Drive Chicago, IL 60606 |
Trustee | 2016 | Formerly, member of the Board of Directors (2013-2017) of Travelers Insurance Company of Canada and The Dominion of Canada General Insurance Company (each, a part of Travelers Canada, the Canadian operation of The Travelers Companies, Inc.); formerly, Of Counsel, Skadden, Arps, Slate, Meagher & Flom LLP (Mergers & Acquisitions Group) (legal services) (2005-2014); Member of the Board of Trustees of New York-Presbyterian Hospital (since 2005); Member (since 2004) and Chair (since 2015) of the Board of Trustees of The John A. Hartford Foundation (a philanthropy dedicated to improving the care of older adults); formerly, Member (2005-2015) and Vice Chair (2011-2015) of the Board of Trustees of Mt. Holyoke College. | 142 |
Robert
L. Young 1963 333 W. Wacker Drive Chicago, IL 60606 |
Trustee | 2017 | Formerly, Chief Operating Officer and Director, J.P. Morgan Investment Management Inc. (financial services) (2010-2016); formerly, President and Principal Executive Officer (2013-2016), and Senior Vice President and Chief Operating Officer (2005-2010), of J.P. Morgan Funds; formerly, Director and various officer positions for J.P. Morgan Investment Management Inc. (formerly, JPMorgan Funds Management, Inc. and formerly, One Group Administrative Services) and JPMorgan Distribution Services, Inc. (financial services) (formerly, One Group Dealer Services, Inc.) (1999-2017). | 142 |
Name,
Year of Birth & Address |
Position(s)
Held with the Funds |
Year
First Elected or Appointed(2) |
Principal
Occupation(s) During Past 5 Years |
|
Officers of the Funds: | ||||
Jordan
M. Farris 1980 333 W. Wacker Drive Chicago, IL 60606 |
Chief
Administrative Officer |
2019 | Managing Director (since 2017), formerly Vice President (2016-2017), Head of Product Management and Development, ETFs, Nuveen Securities, LLC; Director, Guggenheim Funds Distributors (2013-2016). | |
Mark
J. Czarniecki 1979 901 Marquette Avenue Minneapolis, MN 55402 |
Vice
President and Assistant Secretary |
2013 | Vice President and Assistant Secretary of Nuveen Securities, LLC (since 2016) and Nuveen Fund Advisors, LLC (since 2017); Managing Director and Associate General Counsel (since January 2022), formerly, Vice President and Associate General Counsel of Nuveen (2013-2021) and Vice President, Assistant Secretary and Associate General Counsel of Nuveen Asset Management, LLC (since 2018). | |
Diana
R. Gonzalez 1978 333 W. Wacker Drive Chicago, IL 60606 |
Vice
President and Secretary |
2017 | Vice President and Assistant Secretary of Nuveen Fund Advisors, LLC (since 2017); Vice President and Associate General Counsel of Nuveen (since 2017); formerly, Associate General Counsel of Jackson National Asset Management, LLC (2012-2017). | |
Nathaniel
T. Jones 1979 333 W. Wacker Drive Chicago, IL 60606 |
Vice
President and Treasurer |
2016 | Senior Managing Director (since 2021), formerly, Managing Director (2017-2021), Senior Vice President (2016-2017), Vice President (2011- 2016) of Nuveen; Managing Director (since 2015) of Nuveen Fund Advisors, LLC; Chartered Financial Analyst. | |
Tina
M. Lazar 1961 333 W. Wacker Drive Chicago, IL 60606 |
Vice President | 2002 | Managing Director (since 2017), formerly, Senior Vice President (2014-2017) of Nuveen Securities, LLC. | |
Brian
J. Lockhart 1974 333 W. Wacker Drive Chicago, IL 60606 |
Vice President | 2019 | Managing Director (since 2019) of Nuveen Fund Advisors, LLC; Senior Managing Director (since 2021), formerly, Managing Director (2017-2021), Vice President (2010-2017) of Nuveen; Head of Investment Oversight (since 2017), formerly, Team Leader of Manager Oversight (2015-2017); Chartered Financial Analyst and Certified Financial Risk Manager. |
Name,
Year of Birth & Address |
Position(s)
Held with the Funds |
Year
First Elected or Appointed(2) |
Principal
Occupation(s) During Past 5 Years |
|
Jacques
M. Longerstaey 1963 8500 Andrew Carnegie Blvd. Charlotte, NC 28262 |
Vice President | 2019 | Senior Managing Director, Chief Risk Officer, Nuveen, LLC (since May 2019); Senior Managing Director (since May 2019) of Nuveen Fund Advisors, LLC; formerly, Chief Investment and Model Risk Officer, Wealth & Investment Management Division, Wells Fargo Bank (NA) (2013-2019). | |
Kevin
J. McCarthy 1966 333 W. Wacker Drive Chicago, IL 60606 |
Vice
President and Assistant Secretary |
2007 | Senior Managing Director (since 2017) and Secretary and General Counsel (since 2016) of Nuveen Investments, Inc., formerly, Executive Vice President (2016-2017) and Managing Director and Assistant Secretary (2008-2016); Senior Managing Director (since 2017) and Assistant Secretary (since 2008) of Nuveen Securities, LLC, formerly Executive Vice President (2016-2017) and Managing Director (2008-2016); Senior Managing Director (since 2017) and Secretary (since 2016) of Nuveen Fund Advisors, LLC, formerly, Co-General Counsel (2011-2020), Executive Vice President (2016-2017), Managing Director (2008-2016) and Assistant Secretary (2007-2016); Senior Managing Director (since 2017), Secretary (since 2016) of Nuveen Asset Management, LLC, formerly, Associate General Counsel (2011-2020), Executive Vice President (2016-2017) and Managing Director and Assistant Secretary (2011-2016); Vice President (since 2007) and Secretary (since 2016), formerly, Assistant Secretary, of NWQ Investment Management Company, LLC, Santa Barbara Asset Management, LLC and Winslow Capital Management, LLC (since 2010). Senior Managing Director (since 2017) and Secretary (since 2016) of Nuveen Alternative Investments, LLC. | |
Jon
Scott Meissner 1973 8500 Andrew Carnegie Blvd. Charlotte, NC 28262 |
Vice
President and Assistant Secretary |
2019 | Managing Director of Mutual Fund Tax and Financial Reporting groups at Nuveen (since 2017); Managing Director of Nuveen Fund Advisors, LLC (since 2019); Senior Director of Teachers Advisors, LLC and TIAA-CREF Investment Management, LLC (since 2016); Senior Director (since 2015) Mutual Fund Taxation to the TIAA-CREF Funds, the TIAA-CREF Life Funds, the TIAA Separate Account VA-1 and the CREF Accounts; has held various positions with TIAA since 2004. | |
Deann
D. Morgan 1969 730 Third Avenue New York, NY 10017 |
Vice President | 2020 | President, Nuveen Fund Advisors, LLC (since 2020); Executive Vice President, Global Head of Product at Nuveen (since 2019); Co-Chief Executive Officer of Nuveen Securities, LLC (since 2020); Managing Member of MDR Collaboratory LLC (since 2018); formerly. Managing Director, Head of Wealth Management Product Structuring & COO Multi Asset Investing. The Blackstone Group (2013-2017). | |
Christopher
M. Rohrbacher 1971 333 W. Wacker Drive Chicago, IL 60606 |
Vice
President and Assistant Secretary |
2008 | Managing Director and Assistant Secretary (since 2017) of Nuveen Securities, LLC; Managing Director (since 2017), General Counsel (since 2020), and Assistant Secretary (since 2016), formerly, Senior Vice President (2016-2017), of Nuveen Fund Advisors, LLC; Managing Director, Associate General Counsel and Assistant Secretary of Nuveen Asset Management, LLC (since 2020); Managing Director (since 2017) and Associate General Counsel (since 2016), formerly, Senior Vice President (2012-2017) and Assistant General Counsel (2008-2016) of Nuveen. | |
William
A. Siffermann 1975 333 W. Wacker Drive Chicago, IL 60606 |
Vice President | 2017 | Managing Director (since 2017), formerly Senior Vice President (2016-2017) and Vice President (2011-2016) of Nuveen. | |
E.
Scott Wickerham 1973 8500 Andrew Carnegie Blvd. Charlotte, NC 28262 |
Vice
President and Controller |
2019 | Senior Managing Director, Head of Public Investment Finance at Nuveen (since 2019), formerly, Managing Director; Senior Managing Director (since 2019) of Nuveen Fund Advisors, LLC; Principal Financial Officer, Principal Accounting Officer and Treasurer (since 2017) of the TIAA-CREF Funds, the TIAA-CREF Life Funds, the TIAA Separate Account VA-1 and Principal Financial Officer, Principal Accounting Officer (since 2020) and Treasurer (since 2017) of the CREF Accounts; formerly, Senior Director, TIAA-CREF Fund Administration (2014-2015); has held various positions with TIAA since 2006. |
Name,
Year of Birth & Address |
Position(s)
Held with the Funds |
Year
First Elected or Appointed(2) |
Principal
Occupation(s) During Past 5 Years |
|
Mark
L. Winget 1968 333 W. Wacker Drive Chicago, IL 60606 |
Vice
President and Assistant Secretary |
2008 | Vice President and Assistant Secretary of Nuveen Securities, LLC (since 2008), and Nuveen Fund Advisors, LLC (since 2019); Vice President, Associate General Counsel and Assistant Secretary of Nuveen Asset Management, LLC (since 2020); Vice President (since 2010) and Associate General Counsel (since 2019), formerly, Assistant General Counsel (2008-2016) of Nuveen. | |
Gifford
R. Zimmerman 1956 333 W. Wacker Drive Chicago, IL 60606 |
Vice
President and Chief Compliance Officer |
1988 | Formerly, Managing Director (2002-2020) and Assistant Secretary (2002-2020) of Nuveen Securities, LLC; formerly, Managing Director (2002-2020), Assistant Secretary (1997-2020) and Co-General Counsel (2011-2020) of Nuveen Fund Advisors, LLC; formerly, Managing Director (2004-2020) and Assistant Secretary (1994-2020) of Nuveen Investments, Inc.; formerly, Managing Director, Assistant Secretary and Associate General Counsel of Nuveen Asset Management, LLC (2011-2020); formerly, Vice President and Assistant Secretary of NWQ Investment Management Company, LLC (2002-2020), Santa Barbara Asset Management, LLC (2006-2020) and Winslow Capital Management, LLC (2010-2020); Chartered Financial Analyst. |