Portfolio manager responsibilities for twelve closed-end funds
have been updated. Michael Ainge, Anders Persson, Bernard Wong and
Jenny Rhee are being removed as portfolio managers from several
funds. Jake Fitzpatrick, Chris Williams and Kevin Lorenz are being
added as portfolio managers to several funds. Portfolio manager
changes by fund are detailed in the table below. There will be no
impact on the investment approach, investment strategies or any of
the fund’s investment objectives or policies.
Ticker
Fund
Current Portfolio Management
Team
Portfolio Management Team as of
8/17/2020
Portfolio Management Team as of
10/1/2020
JGH
Nuveen Global High Income Fund
Kevin Lorenz Anders Persson Michael
Ainge
Kevin Lorenz Anders Persson Jake
Fitzpatrick
No Change
JHY
Nuveen High Income 2020 Target Term
Fund
Kevin Lorenz Anders Persson Michael
Ainge
Kevin Lorenz Anders Persson
No Change
JHB
Nuveen High Income November 2021 Target
Term Fund
Kevin Lorenz Anders Persson Michael
Ainge
Kevin Lorenz Anders Persson Jake
Fitzpatrick Chris Williams
Kevin Lorenz Jake Fitzpatrick Chris
Williams
JHAA
Nuveen High Income 2023 Target Term
Fund
Kevin Lorenz Anders Persson Michael
Ainge
Kevin Lorenz Anders Persson Jake
Fitzpatrick Chris Williams
Kevin Lorenz Jake Fitzpatrick Chris
Williams
JQC
Nuveen Credit Strategies Income Fund
Bernard Wong Scott Caraher Jenny Rhee
Scott Caraher Jenny Rhee Kevin Lorenz
Scott Caraher Kevin Lorenz
JFR
Nuveen Floating Rate Income Fund
Scott Caraher Jenny Rhee
Scott Caraher Jenny Rhee Kevin Lorenz
Scott Caraher Kevin Lorenz
JRO
Nuveen Floating Rate Income Opportunity
Fund
Scott Caraher Jenny Rhee
Scott Caraher Jenny Rhee Kevin Lorenz
Scott Caraher Kevin Lorenz
NSL
Nuveen Senior Income Fund
Scott Caraher Jenny Rhee
Scott Caraher Jenny Rhee Kevin Lorenz
Scott Caraher Kevin Lorenz
JSD
Nuveen Short Duration Credit Opportunities
Fund
Scott Caraher Jenny Rhee
Scott Caraher Jenny Rhee Kevin Lorenz
Scott Caraher Kevin Lorenz
JCO
Nuveen Credit Opportunities 2022 Target
Term Fund
Jenny Rhee Scott Caraher
Scott Caraher Jenny Rhee Kevin Lorenz Jake
Fitzpatrick
Scott Caraher Kevin Lorenz Jake
Fitzpatrick
JDD
Nuveen Diversified Dividend and Income
Fund
James Stephenson Thomas Ray Susi Budiman
Scott Caraher Jenny Rhee Anthony Manno Kenneth Statz Kevin Bedell
Nathan Gear James Valone Kevin Murphy
No Change
James Stephenson Thomas Ray Susi Budiman
Scott Caraher Anthony Manno Kenneth Statz Kevin Bedell Nathan Gear
James Valone Kevin Murphy
JTA
Nuveen Tax-Advantaged Total Return
Strategy Fund
James Stephenson Thomas Ray Susi Budiman
Scott Caraher Jenny Rhee
No Change
James Stephenson Thomas Ray Susi Budiman
Scott Caraher
The following provides information about each new portfolio
manager’s business experience.
Jake Fitzpatrick is an associate portfolio manager for Nuveen’s
global fixed income team and a member of the leveraged finance
sector team. He began working in the investment industry in 2006
and joined the firm in 2015. Previously, he worked as a co-manager
of structured product portfolios at Allianz Investment Management.
In that role, he was responsible for the investment strategy and
allocation of insurance product premiums within the core capital
markets. He began his career at U.S. Bancorp Asset Management,
where he was a corporate and municipal bond trader for the firm’s
mutual funds and wealth management group. Jake graduated with a
B.S. in Finance from the University of Minnesota’s Carlson School
of Management and holds the CFA designation.
Chris Williams is a trader and co-portfolio manager for Nuveen’s
global fixed income team and member of the leveraged finance sector
team. He is responsible for managing the organization’s leveraged
finance trading, along with trading both high yield bonds and loans
in the primary and secondary markets. In addition, he serves as the
co-portfolio manager for the CLO strategies. Prior to joining the
firm in 2011, he traded leveraged loans and high yield bonds at
Gulf Stream Asset Management. Christopher graduated with a B.S. in
Business Administration with an emphasis in Finance from Winthrop
University.
Kevin Lorenz is a portfolio manager for Nuveen’s global fixed
income team and heads the leveraged finance sector team, which
selects high yield and leveraged loan securities for all
portfolios. He is also the lead portfolio manager for the High
Yield strategies and a member of the Investment Committee, which
establishes investment policy for all global fixed income products.
Kevin has served in a variety of roles since joining the firm in
1987. Most recently, he served as a director with the private
placements team, investing in both high-grade and high yield
securities. He began his career at the firm as a generalist
focusing on the private placement market. Kevin has been quoted in
The New York Times, Barron’s, The Wall Street Journal, Reuters and
other financial press as well as appearances on CNBC for his
seasoned views on the high yield asset class. Kevin graduated with
a B.S. in Accounting from Rider University and an M.B.A. in Finance
from Indiana University. He holds the CFA designation and is a
member of the New York Society of Security Analysts.
For more information, please visit Nuveen’s CEF homepage
www.nuveen.com/closed-end-funds.
About Nuveen
Nuveen, the investment manager of TIAA, offers a comprehensive
range of outcome-focused investment solutions designed to secure
the long-term financial goals of institutional and individual
investors. Nuveen has $1 trillion in assets under management as of
30 June 2020 and operations in 27 countries. Its investment
specialists offer deep expertise across a comprehensive range of
traditional and alternative investments through a wide array of
vehicles and customized strategies. For more information, please
visit www.nuveen.com.
Nuveen Securities, LLC, member FINRA and SIPC.
The information contained on the Nuveen website is not a part of
this press release.
EPS-1302617PR-E0820X
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Advisors: 800-752-8700
Investors: 800-257-8787
Media: media-inquiries@nuveen.com
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