JGH - Nuveen Announces Updates to Closed-End Fund Portfolio Management Teams
Portfolio manager responsibilities for four closed-end funds for which Nuveen Asset Management (NAM) serves as a subadviser have been updated. Kevin Lorenz has been added to the existing portfolio management teams for each of the funds below. There will be no impact on the investment approach, investment strategies or any of the fund’s investment objectives or policies.
Information on the portfolio management transition is outlined in the table below.
| Portfolio |
| Current Portfolio |
| Management Team |
| Ticker |
| Fund Name |
| Management Team |
| Effective 3/26/2019 |
| JGH |
| Nuveen Global High Income Fund |
| Anders Persson |
| Kevin Lorenz |
| Michael Ainge |
| Anders Persson |
| Tim Palmer |
| Michael Ainge |
| Tim Palmer |
| JHD |
| Nuveen High Income December 2019 Target |
| Anders Persson |
| Kevin Lorenz |
| Term Fund |
| Michael Ainge |
| Anders Persson |
| Tim Palmer |
| Michael Ainge |
| Tim Palmer |
| JHY |
| Nuveen High Income 2020 Target Term Fund |
| Anders Persson |
| Kevin Lorenz |
| Michael Ainge |
| Anders Persson |
| Tim Palmer |
| Michael Ainge |
| Tim Palmer |
| JHB |
| Nuveen High Income November 2021 Target |
| Anders Persson |
| Kevin Lorenz |
| Term Fund |
| Michael Ainge |
| Anders Persson |
| Tim Palmer |
| Michael Ainge |
| Tim Palmer |
| JHAA |
| Nuveen High Income 2023 Target Term Fund |
| Anders Persson |
| Kevin Lorenz |
| Michael Ainge |
| Anders Persson |
| Tim Palmer |
| Michael Ainge |
| Tim Palmer |
Kevin Lorenz is responsible for managing Nuveen’s high yield bond portfolios as part of the Nuveen Asset Management (NAM) and TIAA Investments organizations. Previously, he served as a director with TIAA Investments’ Private Placements Team, investing in both high-grade and high yield securities. He joined the TIAA organization in 1987 as a generalist focusing on the private placement market. Kevin holds a BS in accounting from Rider University and an MBA in finance from Indiana University. He is a member of the New York Society of Security Analysts.
Tim Palmer and Nuveen have mutually agreed to transition his role and he will be leaving the firm later this year. He will continue to have portfolio management responsibilities for these funds until July 31, 2019 to provide continuity during this transition.
For more general closed-end fund information and education, please visit Nuveen’s closed-end fund website.
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 $930 billion in assets under management as of 12/31/18 and operations in 16 countries. Its affiliates 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.
794831-INV-AN-03/21
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Kristyna Munoz
312-917-8343
Kristyna.Munoz@nuveen.com