High yield municipals: stepping beyond investment grade to capture yield – Nuveen – 11.3.25

Overview:
Title: High yield municipals: stepping beyond investment grade to capture yield
Date: Monday, November 3, 2025
Time: 1:00 PM Eastern Standard Time
Duration: 1 hour

Register Now:
Already Registered?
*I am a financial professional. I understand that this event is for financial professionals only, and I may be contacted by the sponsor.

Summary:

ON DEMAND SOON
CE Available

Municipals have not been immune to volatility this year, but a long-awaited rally may be starting to materialize. The muni market is responding not only to the signal from the Fed, but also the normalization of new issue supply and the return of flows into muni mutual funds. Take advantage of opportunities by understanding the full spectrum of the muni market, including the often-overlooked segment of high yield municipals. At their core, high yield munis finance projects for essential community services, and the projects are often backed by hard assets or tax revenues.

Join Nuveen experts to explore:

  • Current municipal market dynamics and trends that are shaping our outlook for the muni market
  • The unique attributes of high yield munis, their role in a diversified portfolio and misconceptions around NR (non-rated) bonds
  • Risk fundamentals of high yield munis and how they differ from other high yield markets
  • High yield sectors such as land secured, charter schools and nursing homes that present interesting opportunities

Accepted for 1 CFP / IWI / CFA CE Credit

Speakers:
Margot Kleinman Margot Kleinman Director of Research, Municipals Nuveen

Margot is Head of Research for the municipal fixed income team at Nuveen. She leads the firm's specialized municipal credit research team, which is among the largest and most experienced in the asset class.

She is a thought leader across the platform and co-authors the “Munis in Your Community” series that explores the connection between effective muni bond investing and Americans’ lived experience. Margot’s group was named the No. 1 team at the 2024 Smith's All-Star Municipal Analysts Awards*.

Margot is a member of the National Federation of Municipal Analysts and the Chicago Municipal Analysts Society. She is also a sponsor of the Women in Nuveen Program.

Prior to joining the firm, she was a municipal credit analyst on the higher education and not for profit ratings team at Moody’s Investors Service.

Margot graduated with a B.A. from the University of Pennsylvania and a M.P.A. from New York University.

Steve Hlavin Steve Hlavin Portfolio Manager, Municipals Nuveen

Steve is a managing director and portfolio manager at Nuveen. As a member of the High Yield Municipal Portfolio Management Team he is responsible for supporting all High Yield Municipal strategies and is specifically responsible for managing the Enhanced High Yield Municipal Bond, High Yield Municipal Opportunities LP, Municipal Opportunities and Short Duration High Yield Municipal Bond Strategies. He oversees a number of state specific, tax-exempt portfolios including the Kansas Municipal Bond, Louisiana Municipal Bond and Wisconsin Municipal Bond strategies. Steve is also responsible for the tender option bond/inverse floating rate program used by some of the firm’s closed-end and open-end funds.

Steve began his career with Nuveen in 2003, also working as a senior analyst responsible for risk management and performance measurement processes, developing yield curve strategies and portfolio optimization techniques.

Steve graduated with a B.A. in Finance and Accounting and an M.B.A. in Finance from Miami University.

* Smith’s All-Star Municipal Analyst Awards Program is the only program that consistently and prominently provides recognition in the municipal space. Smith’s Research & Gradings announced the annual awards on 04 December 2024. The program starts with the formation of Smith’s Blue Ribbon Ballot Committee of Portfolio Managers. Members of Smith’s Blue Ribbon Ballot Committee are asked to nominate the nation’s leading municipal analysts to the ballot. Once the ballot nominations for the 29 different categories are compiled and verified, the final ballot is sent out to 1,000 institutional investors for voting. The entire process is transparent and the voting increases the democratization of the municipal bond market. Please see https://www.smithsresearch.net/events/ smiths-municipal-all-star-awards for more information. Used with permission.

For Financial Professionals Only.

This complimentary webcast is for financial professionals only and is closed to the public.

This material is not intended to be a recommendation or investment advice, does not constitute a solicitation to buy, sell or hold a security or investment strategy, and is not provided in a fiduciary capacity. The information provided does not take into account the specific objectives or circumstances of any particular investor, or suggest any specific course of action. Financial professionals should independently evaluate the risks associated with products or services and exercise independent judgment with respect to their clients.

Nuveen Securities, LLC, Member FINRA and SIPC.
Nuveen | nuveen.com | 730 Third Avenue, New York, NY 10017

4746557