Thomas J. Ray, CFA, is Managing Director of Nuveen Asset Management, LLC. Mr. Ray was the Co-Head of Fixed Income and Portfolio Manager/Analyst of NWQ Investment Management Company, LLC from 2017 to January 2022. From 2015 to 2017, Mr. Ray was a Managing Director of NWQ as well as the Head of Fixed Income and Portfolio Manager/Analyst. Prior to joining NWQ in 2015, Mr. Ray worked as a private investor.

Prior to joining NWQ in 2006, Ms. Budiman was Portfolio Manager for China Life Insurance Company, Ltd. in Taiwan. Prior to the fixed income portfolio management position, Ms. Budiman was a currency exchange sales associate at Fleet National Bank in Singapore covering Asian , Euro, UK and other major currencies. Ms. Budiman graduated from the University of British Columbia with a Bachelor of Commerce degree in Finance.

Prior to joining the firm in 2015, Steve was a portfolio risk manager at Ares Management, L.P. where he was principally responsible for building and implementing a risk system to conduct sensitivity analysis and quantify Value at Risk. Before Ares, he was a capital structure analyst at Greenbelt Capital Management, LLC. Prior to that, Steve was a fixed income financial analyst at Inflective Asset Management, LLC, where he led research coverage of the industrial, real estate, consumer discretionary and financial sectors. During his time at Inflective, Steve worked directly with Tom Ray and was his primary analyst covering convertibles. Steve began his career at Pacific Investment Management Company as a trading assistant. Steve graduated with a B.S. in Economics with Financial Applications from Southern Methodist University.

James T. Stephenson, CFA, is a Managing Director of Nuveen and a Portfolio Manager and Equity Analyst of Nuveen and its predecessor NWQ Investment Management Company, LLC (“NWQ”) from 2012 until January 2022; he served as Associate Director of Research of NWQ from 2019 to January 2022. From 2006 to 2012, Mr. Stephenson was a Managing Director and Equity Analyst of NWQ. Thomas J. Ray, CFA, is Managing Director of Nuveen.