Insight

Systematic Tax Management in Municipal Fixed Income

Negative returns are never ideal. However, recent performance in the municipal bond market can serve as a reminder that even in downturns, investors can benefit from proactive strategies like tax-loss harvesting to improve after-tax outcomes.

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11/24/2025

7 min read


Topic

Tax Management

Key takeaways

  • Recent performance challenges in the municipal bond markets have brought tax-loss harvesting into sharper focus.
  • Systematic tax-loss harvesting brings a structured consistency to portfolio tax management with multiple benefits, particularly in the municipal bond space.
  • Allspring’s dynamic and proprietary process for leveraging systematic tax-loss harvesting, fundamental research, and institutional trading capabilities may be a powerful tool for advisors to pursue better outcomes with our tax-advantaged and personalized SMA portfolios.