Municipal Fixed Income Team

The Municipal Fixed Income team believes that optimum performance is achieved by effectively managing the four main elements of total return:

  • Security selection: balancing a disciplined relative value orientation with detailed and timely credit research
  • Sector allocation: shifting strategically between subclasses of municipal securities
  • Interest-rate forecast: managing duration exposure to optimize risk/reward profile
  • Yield-curve positioning: optimizing portfolio structure to benefit from anticipated changes in the yield curve

The team uses a disciplined relative-value approach, seeking opportunities from changing market trends, pricing inefficiencies, and intensive credit analysis to provide excess returns within the context of a tax-efficient portfolio management program. This approach to tax-efficient portfolio management can be customized for specific objectives as well.

Portfolio management

Lyle FittererLyle Fitterer, CFA
Managing Director and
Head of Municipal Fixed Income
27 years investment experience

Note: CFA® and Chartered Financial Analyst® are trademarks owned by CFA Institute.

Wells Fargo Asset Management (WFAM) is a trade name used by the asset management businesses of Wells Fargo & Company. WFAM includes but is not limited to Analytic Investors, LLC; ECM Asset Management Ltd.; First International Advisors, LLC; Galliard Capital Management, Inc.; Golden Capital Management, LLC; The Rock Creek Group, LP; Wells Capital Management Inc.; Wells Fargo Asset Management Luxembourg S.A.; Wells Fargo Funds Distributor, LLC; and Wells Fargo Funds Management, LLC.

© 2006 - 2017 Wells Capital Management. All rights reserved.

Wells Capital Management® is a registered service mark of Wells Fargo & Company.