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.
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Other Fixed Income strategies
Madison Core Bond
Madison Corporate
Madison Government Corporate
Madison Government
Madison Tax-Efficient
Video: Philosophy and Approach
Head of Reinhart Fixed Income, Mike Wachter, gives a look into how the team approaches fixed income management.
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 SheetReinhart 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.
Fact SheetReinhart 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 SheetReinhart 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 SheetReinhart 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 SheetReinhart Active Core
Diversified portfolio comprised of U.S. Treasury, primarily A-or-better rated corporate bonds, and mortgage- and asset-backed securities with maturities between 0 and 30 years. The strategy is managed using a duration-constrained style.
Fact SheetReinhart 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.
Reinhart Fixed Income Team
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
Credit Analyst
Matt Stoner
Credit Analyst
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, 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, 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.
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 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 from Colorado College and an MBA from Marquette University.
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 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 serves as an 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.
Matt serves as an Associate Portfolio Manager and Credit Analyst for Madison’s Reinhart Fixed Income Team. He holds a BBA in Finance and a Certificate in Investment Management 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”). 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.
In addition to the ongoing market risk applicable to portfolio securities, bonds are subject to interest rate risk. When interest rates rise, bond prices fall; generally, the longer a bond’s maturity, the more sensitive it is to this risk. Bonds may also be subject to call risk, which allows the issuer to retain the right to redeem the debt, fully or partially, before the scheduled maturity date. Proceeds from sales prior to maturity may be more or less than originally invested due to changes in market conditions or changes in the credit quality of the issuer.
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.
In addition to the ongoing market risk applicable to portfolio securities, bonds are subject to interest rate risk. When interest rates rise, bond prices fall; generally, the longer a bond’s maturity, the more sensitive it is to this risk. Bonds may also be subject to call risk, which allows the issuer to retain the right to redeem the debt, fully or partially, before the scheduled maturity date. Proceeds from sales prior to maturity may be more or less than originally invested due to changes in market conditions or changes in the credit quality of the issuer.