Baird’s Award-Winning Municipal Bond Fund Team Marks Five-Year Anniversary With Strong Results for Clients

Asset Management

Achieving the core objectives of municipal investors – safety of principal and tax-free income – has never been more challenging than in the current environment. Factors including the recent economic impact of COVID-19 and an unprecedented period of low interest rates continue to test the resiliency of investors and strategies.

Since joining the team five years ago - and amidst this uncertainty - Duane McAllister, CFA, Erik Schleicher, CFA, and Joseph Czechowicz, CFA, have remained focused on and committed to delivering strong results for the clients who rely on them.

"Duane and his team brought an investment process consistent with our risk-controlled approach and integrated seamlessly with our team," said Mary Ellen Stanek, CFA, Managing Director, Chief Investment Officer and President of Baird Funds. "We’ve since added two other funds and additional municipal portfolio management talent and continue to grow and strengthen our offering. We are all better together."

Baird Advisors' Advantage

For more than 35 years, Baird Advisors core leadership team has worked together, placing them in a distinctive position within the industry to help clients meet their objectives. Their philosophy is built on timeless principles:

  • Competitive, risk-controlled returns
  • Skilled investment team comprising complementary skills and diverse perspectives
  • High-quality, attractively priced products
  • An unwavering focus on investors’ needs

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. Please read the prospectus or summary prospectus carefully before investing.

 

Performance data quoted represents past performance. Past performance does not guarantee future results. Investment return and principal value of an investment in the fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. The funds' current performance may be lower or higher than the performance data quoted.

The gross and net expense ratios for the Baird Short-Term Municipal Bond Fund and Baird Core Intermediate Municipal Bond Fund are 0.30%/0.30%, respectively.

The Fund may also invest in mortgage and asset-backed securities which include interest rate and prepayment risks more pronounced than those of other fixed income securities.

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. Ratings are measured on a scale that ranges from AAA or Aaa (highest) to D or C (lowest). Investment grade investments are those rated from highest down to BBB- or Baa3.

The quality profile is calculated on a market value-weighted basis using the highest credit quality rating given by S&P, Moody's or Fitch for each security in the fund. Per the Baird Funds prospectus, each security in the bond fund is assigned the highest credit quality rating provided by a nationally recognized statistical rating organization (e.g. S&P, Moody’s, Fitch). Per the Bloomberg Barclays index controlling rating methodology, each security in the index is assigned a rating using S&P, Moody’s, and Fitch (middle of three ratings, lower of two ratings, or singular rating if rated by one rating agency).