Reinhart Fixed Income

Quality, stability, and predictability are the hallmarks of the Reinhart Fixed Income management philosophy. We believe that successful fixed income management is a product of understanding the role bonds play in a specific client’s investment strategy and developing unique portfolios to meet the objectives of the client.


Reinhart Active Intermediate

Portfolios are comprised of U.S. Treasury, primarily A-or-better rated corporate bonds, and mortgage and asset-backed securities with effective maturities of less than 10 years. Portfolios are managed using a duration constrained style.

Quarterly Commentary + Fact Sheet

Reinhart Active Intermediate Catholic Values

Active Intermediate Fixed Income portfolios that adhere to investment restrictions detailed by the U.S. Conference of Catholic Bishops. We are committed to selecting securities for our fixed income portfolio based on sound fundamental investing principles while actively working to make a positive impact in the world through socially responsible investing.


Reinhart Intermediate Duration Corporate

Portfolios skew to the higher-end of the investment-grade credit rating scale while maintaining portfolio duration similar to intermediate corporate benchmarks. Portfolios are comprised of securities with maturities of less than 10 years. The strategy seeks similar returns to a corporate bond benchmark while maintaining less volatility and lower default risk.

Quarterly Commentary + Fact Sheet

Reinhart Limited Duration Government Corporate

Portfolios are comprised of U.S. Treasury, primarily A-or-better rated corporate bonds, mortgage and asset-backed securities with maturities of less than 5 years. Portfolios are managed using a duration-constrained style.

Quarterly Commentary + Fact Sheet

Reinhart Corporate Bond Ladders

Diversified portfolio of primarily A-Rated or better U.S. Domestic corporate bonds laddered over 1-5 or 1-10 years. We seek to provide a low cost, high-quality source of predictable income while providing principal protection in volatile and unpredictable markets.

Fact Sheet

Reinhart Tax Exempt Municipal

Invests in investment-grade, tax-exempt fixed income securities with maturities of 0-10 years. We emphasize maximum after-tax income combined with principal stability.


Michael Wachter, CFA®
Head of Reinhart Fixed Income, Portfolio Manager
William Ford, CFA®
Portfolio Manager/Credit Analyst
Peter Altobelli, CFA®
Portfolio Manager/Credit Analyst
Douglas Fry, CFA®
Portfolio Manager
Katherine Doyle
Portfolio Manager/Credit Analyst
Sarah Molitor, CFA®
Portfolio Manager/Credit Analyst
Adam Lynch
Portfolio Manager/Credit Analyst
Ajla Kavazovic
Associate Portfolio Manager/Credit Analyst
Reece Piotter
Associate Portfolio Manager/Credit Analyst

Michael Wachter, CFA®

Head of Reinhart Fixed Income, Portfolio Manager
Contact

Michael, CFA, serves as a Head of Reinhart Fixed Income and portfolio manager for Madison’s Reinhart Fixed Income Team. Mr. Wachter joined Reinhart in 1997 and has been working in the financial services industry since 1988. Mr. Wachter holds a BBA in Finance and Economics from the University of Wisconsin- Madison and an MBA from Marquette University.

William Ford, CFA®

Portfolio Manager/Credit Analyst
Contact

William, CFA, serves as a Portfolio Manager & Credit Analyst for Madison’s Reinhart Fixed Income Team. Mr. Ford joined Reinhart in 2005 and has been working in the financial services industry since 2005. He was previously an analyst and was promoted to Fixed Income Portfolio Manager in 2010. Prior to that he held multiple analytical roles at United Airlines. Mr. Ford holds a BS and an MS in Industrial Engineering from Stanford University and an MBA from the Kellogg School of Management at Northwestern University.

Peter Altobelli, CFA®

Portfolio Manager/Credit Analyst
Contact

Peter, CFA, serves as a Portfolio Manager & Credit Analyst for Madison’s Reinhart Fixed Income Team. Mr. Altobelli joined Reinhart in 2002 and has been working in the financial services industry since 1995. He was previously a Securities Analyst and was promoted to Portfolio Manager in 2009. Prior to that he was an analyst at Campbell Newman Asset Management, a Milwaukee based investment firm. Mr. Altobelli holds a BBA Finance and Economics from the University of Wisconsin-Madison.

Douglas Fry, CFA®

Portfolio Manager
Contact

Doug, CFA, serves as a Portfolio Manager for Madison’s Reinhart Fixed Income Team. Mr. Fry joined Reinhart in 2001 and has been working in the financial services industry since 1990. Prior to that he was the Director of Fixed Income at Campbell Newman Asset Management, a Milwaukee based investment management firm. Mr. Fry holds a BBA from the University of Wisconsin – Whitewater and an MBA from Marquette University.

Katherine Doyle

Portfolio Manager/Credit Analyst
Contact

Katherine serves as a Portfolio Manager & Credit Analyst for Madison’s Reinhart Fixed Income Team. Ms. Doyle joined Reinhart in 1998 and has been working in the financial services industry since 1997. She was previously a Fixed Income Associate and was promoted to Portfolio Manager in 2007. Ms. Doyle holds a BA Colorado College and an MBA from Marquette University.

Sarah Molitor, CFA®

Portfolio Manager/Credit Analyst
Contact

Sarah, CFA, serves as a Portfolio Manager & Credit Analyst for Madison’s Reinhart Fixed Income Team. Mrs. Molitor joined Reinhart in 2009 and has been working in the financial services industry since 2007. She was previously a Fixed Income Associate and was promoted to Associate Portfolio Manager in 2017. Mrs. Molitor holds a BS in Marketing and International Business from Marquette University.

Adam Lynch

Portfolio Manager/Credit Analyst
Contact

Adam serves as a Portfolio Manager & Credit Analyst for Madison’s Reinhart Fixed Income Team. Mr. Lynch join joined Reinhart in 2007 and has been working in the financial services industry since 2007. He was previously a Fixed Income Associate and was promoted to Associate Portfolio Manager in 2017. Mr. Lynch holds a BBA in Finance from the University of Wisconsin- Milwaukee.

Ajla Kavazovic

Associate Portfolio Manager/Credit Analyst
Contact

Ajla serves as a Associate Portfolio Manager & Credit Analyst for Madison’s Reinhart Fixed Income Team. Ms. Kavazovic joined Reinhart in 2011 and has been working in the financial services industry since 2011. Ms. Kavazovic holds a BBA from the University of Wisconsin-Milwaukee and an MBA from Cardinal Stritch University.

Reece Piotter

Associate Portfolio Manager/Credit Analyst
Contact

Reece serves as a Associate Portfolio Manager & Credit Analyst for Madison’s Reinhart Fixed Income Team. Mr. Piotter joined Reinhart in 2020 and has been working in the financial services industry since 2020. He holds a BBA in Finance from the University of Wisconsin – Milwaukee.

“Madison” and/or “Madison Investments” is the unifying tradename of Madison Investment Holdings, Inc., Madison Asset Management, LLC (“MAM”), and Madison Investment Advisors, LLC (“MIA”), which also includes the Madison Scottsdale office. MAM and MIA are registered as investment advisers with the U.S. Securities and Exchange Commission. Madison Funds are distributed by MFD Distributor, LLC. MFD Distributor, LLC is registered with the U.S. Securities and Exchange Commission as a broker-dealer and is a member firm of the Financial Industry Regulatory Authority. The home office for each firm listed above is 550 Science Drive, Madison, WI 53711. Madison’s toll-free number is 800-767-0300.

Any performance data shown represents past performance. Past performance is no guarantee of future results.

Non-deposit investment products are not federally insured, involve investment risk, may lose value and are not obligations of, or guaranteed by, any financial institution. Investment returns and principal value will fluctuate.

This website is for informational purposes only and is not intended as an offer or solicitation with respect to the purchase or sale of any security.

Quality refers to the bond ratings provided by the various third-party ratings agencies. Stability and predictability refer to the cash flow of individual securities and not to the market value or performance of portfolio holdings. There is no guarantee this strategy will lead to investment success.

Consider the investment objectives, risks, and charges and expenses of Madison Funds carefully before investing. Each fund's prospectus contains this and other information about the fund. Call 800.877.6089 or visit madisonfunds.com to obtain a prospectus and read it carefully before investing.

Bonds are subject to certain risks including interest-rate risk, credit risk and inflation risk. As interest rates rise, the prices of bonds fall. Long-term bonds are more exposed to interest-rate risk than short-term bonds.
Income from tax-exempt bonds may be subject to the federal Alternative Minimum Tax and state and municipal taxes.