WFAM Municipal Fixed Income Team

The WFAM 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
28 years investment experience
Charlotte, NC, Menomonee Falls, WI, and San Francisco, CA

Team location

Charlotte, NC
Menomonee Falls, WI
San Francisco, CA

Investment strategies

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

For an accessible version of any PDF listed on this page, please follow the instructions on our accessibility commitments page or contact our ADA Comment line
at 1-877-644-7819.


© 2018 Wells Fargo Asset Management (WFAM) is the trade name for certain investment advisory/management firms owned by Wells Fargo & Company. These firms include but are not limited to Wells Capital Management Incorporated and Wells Fargo Funds Management, LLC. Certain products managed by WFAM entities are distributed by Wells Fargo Funds Distributor, LLC (a broker/dealer and Member FINRA). Associated with WFAM is Galliard Capital Management, Inc. (an investment advisor that is not part of the WFAM trade/GIPS firm).

© 2006 - 2018 Wells Capital Management. All rights reserved.

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