From Nuveen

Cadmus M. Hicks, CFA, PHD

Managing Director,
Director of Performance Risk & Analysis,
Market Strategist

Cadmus is market strategist and director of performance risk & analysis for the investment team that manages Municipal Fixed Income portfolios. In this role, he supports the separately managed account and mutual fund areas by analyzing performance attribution data and reporting on developments in the municipal market that could potentially affect performance.

Cadmus began working in the financial industry in 1980 when he joined Nuveen Investments and was promoted to the role of research analyst. During his tenure as an analyst, he initiated the firm’s coverage of the tobacco bond sector. Prior to his current position, he managed the Municipal Fixed Income Research Department for three years, starting in 1996. Previously, he was the assistant manager of the department, where he was responsible for launching Nuveen’s research operation in Irvine, California, and supervising that team of analysts.

Cadmus serves as one of the company’s leading experts on the municipal bond market, extensively writing about a broad array of topics including: tax policy, market regulation, financial planning, and credit issues. His publications include a chapter on tobacco bonds in Bond Credit Analysis: Framework and Case Studies (Frank Fabozzi Associates, 2001); a chapter on attribution analysis in Readings in Fixed Income Performance Attribution (TSG Publishing, 2008); and a chapter on inverse floating rate securities in The Handbook of Municipal Bonds (John Wiley & Sons, 2008).

Cadmus earned a B.A. from Wheaton College, an M.A. from the University of Chicago, and a Ph.D. from Northwestern University. He holds the Chartered Financial Analyst designation and is a member of the CFA Institute and the CFA Society of Chicago. Cadmus is also a past president of the Chicago Municipal Analysts Society and a former board member of the National Federation of Municipal Analysts. In addition, he has served on an advisory committee of the Governmental Accounting Standards Board.

Firm tenure for Nuveen Asset Management investment professionals may include years of service at predecessor advisory operations.

This material is not intended to be a recommendation or investment advice, does not constitute a solicitation to buy or sell securities. The information does not take into account the specific objectives or circumstances of any investor, or suggest any specific course of action. Investment decisions should be made based on an investor's objectives and circumstances and in consultation with his or her advisors. All investments involve risk and there is no assurance that an investment will provide positive performance over any period of time. There is no assurance that downside protection will be achieved.

246310-INV-AN-07/18

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