Baird Funds’ Fitterer and McAllister Featured in Financial Advisor
In the recent Financial Advisor article titled “Muni Bonds Aren’t Just For Rich Folks,” Duane McAllister and Lyle Fitterer, senior portfolio managers, explain at length how municipal bonds can be a valuable addition to an investment portfolio. The asset class can offer tax advantages for all investors--not just the affluent. Read the entire article and find out more about Baird’s municipal offerings.
The performance data quoted represents past performance. Past performance does not guarantee future results. Investment returns and principal value will fluctuate and shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the data quoted. To obtain the most recent month-end performance data available, please visit bairdfunds.com.
Investors should consider the investment objectives, risks, charges and expense of each fund carefully before investing. This and other information is found in the prospectus and summary prospectus. For a prospectus or summary prospectus, visit bairdfunds.com. Please read the prospectus or summary prospectus carefully before investing.
Because the Fund may invest more than 25% of its total assets in municipal obligations issued by entities located in the same state or the interest on which is paid solely from revenues of similar projects, changes in economic, business, or political conditions relating to a particular state or types of projects may have a disproportionate impact on the Fund. 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. 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 may or may not be appropriate for all investors, especially for those in lower tax brackets. All investments carry risk, including loss of principal.
Bloomberg 1-10 Year Municipal Blend Index measures the performance of tax-exempt muni bonds with more than one year and less than ten years remaining until maturity.
