August 31, 2018 - Mary Ellen Stanek, CFA, Chief Investment Officer; Warren Pierson, CFA, Deputy Chief Investment Officer; and Duane McAllister, CFA, Senior Portfolio Manager, offer their mid-year perspectives on the municipal market as the firm’s newest funds – the Baird Short-Term Municipal Bond Fund and Baird Core Intermediate Municipal Bond Fund - celebrate their three-year anniversary.
Investors should consider the investment objectives, risks, charges and expenses of each fund carefully before investing. This and other information is found in the prospectus and summary prospectus. For a prospectus or summary prospectus, contact Baird directly at 866-442-2473 or contact your Financial Advisor.
This is not a complete analysis of every material fact regarding any company, industry or security. Fixed income is generally considered to be a more conservative investment than stocks, but bonds and other fixed income investments still carry a variety of risks such as interest rate risk, credit risk, inflation risk and liquidity risk. In a rising interest rate environment, the value of fixed income securities generally declines and conversely, in a falling interest rate environment, the value of fixed income securities generally increases. High-yield securities may be subject to heightened market, interest rate or credit risk and should not be purchased solely because of the stated yield. Municipal securities investments are not appropriate for all investors, especially those taxed at lower rates. All investments carry some level of risk, including loss or principal. Past performance is no guarantee of future results. Baird does not offer tax or legal advice.