Madison Tax-Efficient
Madison Tax-Efficient strategies consists of both laddered and actively managed short-to-intermediate fixed income offerings. Common across all of our Tax-Efficient strategies is our thorough investment process implemented by our experienced team.
Client portfolios are methodically constructed using bottom-up analysis seeking an appropriate balance between creditworthiness, diversification, structure, valuation and liquidity. Individual bonds meeting specified criteria are purchased using best execution.
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Investment Strategies & Solutions
Other Fixed Income strategies
Madison Core Bond
Madison Corporate
Madison Government Corporate
Madison Government
Reinhart Fixed Income
Madison Municipal Bond Ladders
Municipal bond ladders in three maturity structures (0-5 year, 0-10 year and 0-15 year) with diversified maturities throughout the portfolio.
Strategy OverviewMadison Tax-Advantaged Income
Portfolio of investment grade securities consisting of at least 50% federally tax-exempt municipal bonds with maturities ranging between 0 to 12 years, and up to 50% investment grade U.S. Treasury, agency or corporate bonds with maturities ranging between 0 to 5 years.
Strategy OverviewMadison Municipal Bond
Municipal bond strategy that invests in investment grade federally tax-exempt securities of state, local and revenue bonds generally having a maturity range between 0 to 22 years and a duration range between 0 to 10 years.
Madison Tax Free National Fund | Fact SheetMadison Intermediate Municipal Bond
Municipal bond strategy that invests in investment grade securities of state, local and other municipalities generally having a maturity range of 0-12 years and a duration range of 3-5 years.
Madison Limited Duration Municipal Bond
Municipal bond strategy that invests in investment grade federally tax-exempt securities of state, local and revenue bonds generally having a maturity range between 0 to 7 years and a duration range between 2 to 4 years.
Fixed Income Team
Jeffrey Matthias, CFA®, CAIA®, CIPM®, CFP®
Portfolio Manager
Michael Peters, CFA®
Portfolio Manager
Chris Nisbet, CFA®
Portfolio Manager, Analyst
Allen Olson, CFA®
Portfolio Manager, Analyst
Alan Shepard, CFA®
Portfolio Manager, Analyst
Michael Massel, CFA®
Fixed Income Analyst
Arissa Wallander
Fixed Income Analyst
Mike serves as a Portfolio Manager and is the Head of Fixed Income. Mike started in the financial services industry in 2004 and joined Madison in 2013. Prior to joining Madison, Mike was a Portfolio Manager at Ziegler Lotsoff Capital Management with an extensive background in credit research. He earned his BBA in finance from St. Norbert College, M.S. in economics from Marquette University and an MBA in analytical finance and accounting from the University of Chicago Booth School of Business. He is a CFA charterholder.
Jeff, CFA, CAIA, CIPM, CFP, serves as a portfolio manager for Madison’s Fixed Income Team, specializing in tax-exempt municipal bond portfolios. Jeff has been working in the financial services industry since 1987 and joined Madison in 2011. He earned his B.S. in finance from the University of Wisconsin-Platteville and his MBA in finance from the University of Wisconsin-Whitewater.
Mike, CFA, serves as a portfolio manager and analyst for Madison’s Fixed Income Team, specializing in taxable and tax-free strategies. Mike has been working in the financial services industry since 1987 and joined Madison in 1997. He earned his B.S. in business administration from Valparaiso and his MBA from Indiana University.
Chris, CFA, serves as a portfolio manager for Madison’s Fixed Income Team, specializing in government and corporate bond portfolios. Chris has been working in the financial services industry since 1990 and joined Madison in 1992. He earned his B.S. in economics and M.S. in finance and investments from the University of Wisconsin-Madison.
Allen, CFA, serves as a portfolio manager and analyst for Madison’s Fixed Income Team, specializing in corporate-only and credit research. Allen has been working in the financial services industry since 1998 and joined Madison in 2002. He earned his B.S. in economics from the University of Wisconsin-Green Bay and M.S. in management from the University of Wisconsin-Milwaukee.
Alan serves as a portfolio manager and credit analyst on Madison’s Fixed Income Team, specializing in corporate only and credit research. Alan has been working in the financial services industry since 1988 and joined Madison in 2011. He earned his B.S. in finance and economics from the University of Delaware and his MBA from the University of Wisconsin-Madison, specializing in the Applied Security Analysis Program. Alan is a member of Madison's Sustainable Committee.
Michael, CFA, serves as an analyst for Madison’s Fixed Income Team. Michael has been working in the financial services industry since 2012 and joined Madison in 2017. He earned his B.S. from the University of Illinois-Urbana-Champaign.
Arissa Wallander serves as an Analyst on Madison’s Fixed Income Team. Arissa joined Madison in October of 2022. She earned her B.S. in Economics with Mathematical Emphasis from the University of Wisconsin-Madison.
“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.
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. | An investment in tax-free securities is subject to risk and there can be no assurance that the account will achieve its investment objective. The risks associated with such an investment can increase during times of significant market volatility. The principal risks such an investment include: interest rate risk, call risk, risk of default, liquidity risk, legislative risk, capital gains tax-related risk, alternative minimum tax risk, and risks of general obligations versus limited purpose bonds. Income from the Tax-Free National Fund may be subject to the federal Alternative Minimum Tax. Tax-Free National Fund income may be subject to state and municipal taxes. | Accounts that invest in 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. Unlike bonds, bond funds have ongoing fees and expenses. Contact Madison for more detailed information regarding these risks.
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.
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. | An investment in tax-free securities is subject to risk and there can be no assurance that the account will achieve its investment objective. The risks associated with such an investment can increase during times of significant market volatility. The principal risks such an investment include: interest rate risk, call risk, risk of default, liquidity risk, legislative risk, capital gains tax-related risk, alternative minimum tax risk, and risks of general obligations versus limited purpose bonds. Income from the Tax-Free National Fund may be subject to the federal Alternative Minimum Tax. Tax-Free National Fund income may be subject to state and municipal taxes. | Accounts that invest in 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. Unlike bonds, bond funds have ongoing fees and expenses. Contact Madison for more detailed information regarding these risks.