Closed-End Funds


Nuveen Tax-Advantaged Dividend Growth Fund (NYSE: JTD)

Fund Manager

Santa Barbara, a registered investment advisor, is a wholly owned subsidiary of Nuveen and the Fund’s sub-advisor responsible for managing the Fund’s Dividend Growth Equity Strategy. The firm has experience and expertise in managing equity portfolios of marketable securities for corporations, endowments, foundations and public plans. The experience gained by our professionals over many investment and economic cycles is the cornerstone of the dependable service now offered by the firm.
NWQ seeks to provide consistent, long-term performance through an investment philosophy focused on attractive absolute valuations, downside protection and understanding change such as market catalysts and inflection points. The philosophy is employed through a bottom-up, disciplined, opportunistic and research-driven approach. The firm applies this philosophy and approach to a variety of products including equity strategies of all capitalizations, core and preferred fixed income strategies and balanced portfolios.
Nuveen Asset Management is a premier asset manager with a broad range of investment solutions for high net worth individuals and institutional clients. With an extensive history evaluating the municipal bond markets, Nuveen Asset Management offers our clients an approach to investing that emphasizes quality and ingenuity. Today our solutions span multiple asset classes, from traditional and specialized equity to taxable and municipal fixed income. Our heritage demonstrates quality and innovation that stand the test of time.

Manager Bios

James R. Boothe, CFA

James R. Boothe, CFA
Mr. Boothe joined Santa Barbara Asset Management in 2002. Prior to joining Santa Barbara, Mr. Boothe was a Portfolio Manager and an Industrials Analyst at USAA. Preceding this, he worked at San Juan Asset Management as a Portfolio Manager and Analyst. He has also published a series of institutional research papers on dividend stocks. Mr. Boothe received a B.B.A. from Kent State University and an MBA in Finance from Loyola Marymount University. Mr. Boothe holds the Chartered Financial Analyst designation.

Thomas J. Ray, CFA

Thomas J. Ray, CFA
Thomas J. Ray, CFA, is Managing Director, Head of Fixed Income and Portfolio Manager at NWQ. Prior to joining NWQ in 2015, he served as Chief Investment Officer, President and founding member of Inflective Asset Management, a boutique investment firm specializing in convertible securities, from 2001 until 2011. From 2011 until joining NWQ in 2015, Mr. Ray was a private investor. Prior to founding Inflective, Mr. Ray served as portfolio manager at Transamerica Investment Management.

Susi Budiman, CFA, FRM

Susi Budiman, CFA, FRM
Susi Budiman, CFA, FRM - Prior to joining NWQ in 2006, Susi was Portfolio Manager for China Life Insurance Company, Ltd. in Taiwan where she managed multi-sector and multi-currency fixed income portfolios with responsibility for over $1.8 billion in assets under management. Prior to that, she was a currency exchange associate at Fleet National Bank in Singapore covering Asian, Euro, UK and other major currencies.

Susi earned her bachelors degree in Finance from the University of British Columbia and holds an M.B.A. from the University of Southern California. She earned her Chartered Financial Analyst designation from the CFA Institute in 2006 and is a member of the Los Angeles Society of Financial Analysts. She also earned her Financial Risk Manager designation in 2003.

Keith Hembre, CFA

Keith Hembre, CFA
Keith B. Hembre, CFA - Keith serves in strategic roles as chief economist, chief investment strategist and head of quantitative strategies for Nuveen Asset Management.

As chief economist, Keith’s research on global economies and financial markets provides the foundation for a broad segment of investment products at the firm. His monthly publication, Review and Outlook, delivers detailed forecasts for a number of macroeconomic data points – including gross domestic product growth, unemployment, Consumer Price Index, interest rates and corporate earnings – as well as for domestic and international equity and fixed income markets.

In his investment leadership roles, Keith leads the firm’s Quantitative Equity Strategy Team, which uses a top-down approach that incorporates macro, market and risk factors into sophisticated quantitative portfolio modeling techniques. This approach is instrumental in the management of the firm’s index, enhanced index, equity option overwrite, asset allocation and absolute return strategies.

Keith is a member of the American Bankers Association’s Economic Advisory Committee and an active commentator on economic issues. He is regularly quoted in major business publications, including The Wall Street Journal, BusinessWeek, CNN Money, Investor’s Business Daily and Reuters.

He has also appeared on a number of business programs for CNBC, Fox Business and Bloomberg TV. Keith has been recognized twice by BusinessWeek as one of the publication’s most accurate economic forecasters.

Before joining the firm in 1997, he worked in the Banking Studies group at the Federal Reserve Bank of Minneapolis. He also taught economics at the St. Petersburg University of Economics and Finance in St. Petersburg, Russia. Keith began working in the financial services industry in 1992.

Keith graduated from the University of Minnesota with a bachelor’s degree and Baylor University with a master’s degree in economics. Keith also completed the program on investment decisions and behavioral finance at Harvard University. He holds the Chartered Financial Analyst designation and is a member of the CFA Institute.

David Friar

David Friar
David is the lead manager of the Equity Index, Mid Cap Index, Small Cap Index and Enhanced Equity Index Strategies and related institutional portfolios. He joined the team managing the Equity, Mid Cap and Small Cap Index Strategies in 2000 and became part of the Enhanced Equity Index Team in 2007. Additionally, he is a member of the investment team responsible for several other quantitative products, including the Tactical Market Opportunities and Equity Option Overwrite Strategies.

David began working in the financial industry in 1998 and joined the firm in 1999 as a member of the Performance Measurement Group. Before his role in portfolio management, he provided quantitative analysis for equity portfolios and constructed quantitatively driven portfolios for institutional and taxable clients.

David received a B.S. in finance from Metropolitan State University.

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An investment in this fund presents a number of risks and is not suitable for all investors. Investors should carefully review and consider potential risks before investing. For more detailed information on the specific risks associated with this fund, please view the Overview tab.

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