In an October 5 MoneyLife radio interview with Chuck Jaffe, Senior Portfolio Manager Duane McAllister, CFA, discussed the outlook for bonds including the impact of Federal Reserve Policy.
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.
Information about Baird bond funds including their performance can be found here or from the dropdowns above.
Performance data represents past performance and does not guarantee future results. The investment return and principal value of the investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Current performance data may be lower or higher than the data quoted. For performance data to the most recent month end, contact Baird directly at 866-442-2473 or www.bairdassetmanagement.com/baird-funds
All investments carry some level of risk, including loss of principal and diversification does not ensure a profit or protect against loss. 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 risk such as interest rate risk, regulatory risk, credit risk, inflation risk, call risk, default risk, political risk, tax policy risk and liquidity risk. In a rising interest rate environment, the value of fixed-income securities generally decline and conversely, in a falling interest rate environment, the value of fixed income securities generally increase. Municipal securities investments are not appropriate for all investors, especially those taxed at lower rates.