Brett E. Black
About Brett E. Black
Brett E. Black (year of birth: 1972) serves as Vice President and Chief Compliance Officer (CCO) for NKX with an indefinite term and has served since 2022; officers are elected annually by the Board and receive no compensation from the Funds . His principal occupation is Managing Director and Chief Compliance Officer of Nuveen; previously he held senior compliance roles at BMO Funds, Inc., including CCO and Anti-Money Laundering Compliance Officer . The Board’s Compliance Committee meets quarterly, receives written/oral reports from the Funds’ CCO, and meets privately with the CCO each quarter, underscoring the centrality of his role in risk oversight . Performance metrics such as TSR, revenue or EBITDA growth tied to his compensation are not disclosed in fund documents .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Nuveen | Managing Director, Chief Compliance Officer | 2022–Present | Enterprise fund compliance leadership; reports to Board via CCO role per Compliance Committee process |
| BMO Funds, Inc. | Chief Compliance Officer; Anti-Money Laundering Compliance Officer | 2017–2022 | Led fund compliance and AML programs |
| BMO Funds, Inc. | Deputy Chief Compliance Officer | 2014–2017 | Supported compliance framework enhancements |
| BMO Funds, Inc. | Senior Compliance Officer | 2012–2014 | Executed core compliance operations |
External Roles
- No external public company board roles are disclosed in NKX proxy biographies for Brett E. Black .
Fixed Compensation
| Component | Fund-Level Disclosure | Notes |
|---|---|---|
| Base salary | Not paid by Fund | Officers receive no compensation from the Funds; compensation occurs at Nuveen/TIAA level and is not disclosed in NKX filings |
| Target bonus % | Not disclosed | Not included in NKX fund filings |
| Actual bonus paid | Not disclosed | Not included in NKX fund filings |
| Perquisites | Not disclosed | Not included in NKX fund filings |
Performance Compensation
| Incentive Type | Metric | Weighting | Target | Actual | Payout | Vesting |
|---|---|---|---|---|---|---|
| RSUs/PSUs | Not disclosed | — | — | — | — | — |
| Options | Not disclosed | — | — | — | — | — |
| Cash STI | Not disclosed | — | — | — | — | — |
- NKX proxies do not disclose any performance-linked compensation or vesting schedules for officers; such arrangements (if any) are at Nuveen/TIAA and outside NKX’s filings .
Equity Ownership & Alignment
| Category | Amount | As-of Date | Notes |
|---|---|---|---|
| Beneficial ownership by Board Members/Nominees and Officers as a group (multiple Nuveen municipal funds) | 0 shares | Oct 22, 2025 | Proxy table reports zero beneficial ownership across listed funds for the group; individual officer holdings not broken out |
| Shares pledged as collateral | Not disclosed | — | No pledging disclosure for officers in NKX filings |
| Stock ownership guidelines (officers) | Not disclosed | — | NKX documents describe a Deferred Compensation Plan for Independent Board Members, not officer ownership guidelines |
Employment Terms
| Term Element | Disclosure | Detail |
|---|---|---|
| Title | Vice President and Chief Compliance Officer | Address: 333 West Wacker Drive, Chicago, IL 60606; Year of Birth: 1972 |
| Term of office | Indefinite | Officers elected annually to serve until successors are elected and qualified |
| Length of time served | Since 2022 | Continuous service as CCO for the Funds since 2022 |
| Severance / Change-of-control | Not disclosed | No officer severance or CoC terms disclosed at the Fund level |
| Clawback provisions | Not disclosed | Not covered in NKX filings for officers |
| Non-compete / Non-solicit | Not disclosed | Not covered in NKX filings |
Investment Implications
- Compensation alignment and trading signals: NKX proxies state officers receive no compensation from the Funds, and group beneficial ownership is reported as zero; without fund-level equity or incentive disclosures for Brett E. Black, there are limited direct pay-for-performance or insider-selling pressure signals at the fund level .
- Retention risk: Term of office is indefinite with annual elections; his tenure since 2022 and enterprise role at Nuveen suggest stability, but retention and severance economics are governed by Nuveen/TIAA (not disclosed in NKX documents), constraining assessment of retention risk .
- Governance and execution: The Compliance Committee meets quarterly, receives and privately reviews reports from the CCO, highlighting a robust oversight cadence; this supports disciplined compliance execution but does not translate to fund-specific performance incentive linkages for the officer .
- Red flags: No disclosures of pledging, hedging of personal shares, option repricing, tax gross-ups, or related-party transactions for Brett E. Black in NKX fund filings; absence of disclosure limits visibility rather than confirming absence of practices .
Note: Further detail on compensation structure, metrics, ownership guidelines, and employment terms would reside in Nuveen/TIAA corporate disclosures rather than the NKX fund proxies, which expressly state officers are not compensated by the Funds .