Business Wire | Aug 17, 2020 08:00AM EDT

Nuveen Announces Update to Closed-End Fund Portfolio Management Teams

Aug. 17, 2020

NEW YORK--(BUSINESS WIRE)--Aug. 17, 2020--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.

Current Portfolio PortfolioTicker Fund Portfolio Management Team Management Team Management as of 8/17/2020 as of 10/1/2020 Team

Kevin Lorenz Kevin Lorenz Nuveen Global High Anders Anders PerssonJGH Income Fund Persson Jake No Change Michael Fitzpatrick Ainge

Kevin Lorenz Nuveen High Income Anders Kevin LorenzJHY 2020 Target Term Persson Anders Persson No Change Fund Michael Ainge

Kevin Lorenz Kevin Lorenz Kevin Lorenz Nuveen High Income Anders Anders Persson JakeJHB November 2021 Persson Jake Fitzpatrick Target Term Fund Michael Fitzpatrick Chris Williams Ainge Chris Williams

Kevin Lorenz Kevin Lorenz Kevin Lorenz Nuveen High Income Anders Anders Persson JakeJHAA 2023 Target Term Persson Jake Fitzpatrick Fund Michael Fitzpatrick Chris Williams Ainge Chris Williams

Nuveen Credit Bernard Wong Scott CaraherJQC Strategies Income Scott Jenny Rhee Scott Caraher Fund Caraher Kevin Lorenz Kevin Lorenz Jenny Rhee

Nuveen Floating Scott Scott Caraher Scott CaraherJFR Rate Income Fund Caraher Jenny Rhee Kevin Lorenz Jenny Rhee Kevin Lorenz

Nuveen Floating Scott Scott Caraher Scott CaraherJRO Rate Income Caraher Jenny Rhee Kevin Lorenz Opportunity Fund Jenny Rhee Kevin Lorenz

Nuveen Senior Scott Scott Caraher Scott CaraherNSL Income Fund Caraher Jenny Rhee Kevin Lorenz Jenny Rhee Kevin Lorenz

Nuveen Short Scott Scott Caraher Scott CaraherJSD Duration Credit Caraher Jenny Rhee Kevin Lorenz Opportunities Fund Jenny Rhee Kevin Lorenz

Scott Caraher Scott Caraher Nuveen Credit Jenny Rhee Jenny Rhee Kevin LorenzJCO Opportunities 2022 Scott Kevin Lorenz Jake Target Term Fund Caraher Jake Fitzpatrick Fitzpatrick

James Stephenson Thomas Ray James Susi Budiman Stephenson Scott Thomas Ray Caraher Susi Budiman Nuveen Diversified Jenny Rhee Scott CaraherJDD Dividend and Income Anthony No Change Anthony Manno Fund Manno Kenneth Statz Kenneth Kevin Bedell Statz Nathan Gear Kevin Bedell James Valone Nathan Gear Kevin Murphy James Valone Kevin Murphy

James Nuveen Stephenson James Tax-Advantaged Thomas Ray StephensonJTA Total Return Susi Budiman No Change Thomas Ray Strategy Fund Scott Susi Budiman Caraher Scott Caraher Jenny Rhee

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.

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