|
Riverfront Long-Term Growth Institutional Class
The investment objective of the Riverfront Long-Term Growth Fund is to seek long-term capital appreciation. To achieve its objective, the Fund invests at least 80% of its net assets directly or through exchange-traded funds in common stocks of domestic and foreign
companies across varying market capitalization ranges, styles and economic sectors. Normally, a significant percentage (up to 40%) of the Riverfront Long-Term Growth Fund’s net assets will be invested in international equities, including stocks of companies in
emerging markets. The fund is managed by Riverfront Investment Group, LLC, an investment advisory firm based in Richmond, Virginia.For more on Riverfront visit www.riverfrontig.com.
Prospectus (PDF)
Fact Sheet (PDF)
|
| Riverfront Long-Term Growth (RLTSX) – Institutional Class |
Data as of 10/28/2008 |
| Price (NAV) $10.00 |
Morningstar™ Category Multi-CapCore |
Performance
No performance information is available at this time. The fund commenced operations on 10/ 28/2008.
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.
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. For a prospectus and application, contact Baird Funds directly at 800-444-9102, via
, or contact your Baird Financial Advisor. Please read the prospectus carefully before investing.
|
| Administrative Information |
Data as of 10/28/2008
|
| Inception Date |
10/28/2008 |
| Primary Investment Advisor |
Robert W. Baird & Co. |
| Investment Sub-Advisor |
Riverfront Investment Group, LLC |
| Managers |
Michael Jones, CFA
Rod Smyth, CFA
Doug Sandler, CFA
Tim Anderson, CFA |
| Fees and Expenses |
|
| Minimum Initial Purchase |
$25,000 |
Deferred Sales Charge Maximum % |
Not Appl. |
| Front-end Load Maximum % |
Not Appl. |
Redemption Fee Load Maximum % |
Not Appl. |
| Gross Expense Ratio |
2.02% |
Net Expense Ratio |
0.90% |
|
The Net Expense Ratio is the Gross Expense Ratio minus any reimbursement from the Advisor. |
The fee waiver for the Net Expense Ratio was Contractual and will remain in effect until 12/ 31/2011.
|
The Riverfront Long-Term Growth Fund is managed by Riverfront Investment Group, LLC, as sub-advisor. Riverfront Investment Group, LLC is an investment advisory firm based on Richmond, Virginia that is affiliated with Baird. Riverfront employs a multi-dimensional investment discipline in managing accounts, involving strategic asset allocation; tactical
adjustments, sector strategy and optimized security selection; and disciplined risk management.
|
|
The Riverfront Long-Term Growth Fund commenced operations on October 28, 2008.
The Riverfront Long-Term Growth Fund invests primarily in common stocks, which are subject to fluctuation in tandem with movements in the stock markets generally. The Fund is also subject to allocation, sector and security selection risk, which is the risk that Riverfront’s judgments as to the relative attractiveness of particular asset classes, economic sectors or individual securities may prove to be inaccurate. From time to time, the Fund may invest significantly in small-capitalization and mid-capitalization stocks, which are often more volatile and less liquid than investments in larger companies. The Fund may also invest in exchange-traded funds which are investment companies that are bought and sold on a securities exchange. The market price of an ETF’s shares may trade at a discount to their net asset value, meaning that the Fund could pay more to purchase shares of an ETF, or receive less in a sale of shares of an ETF, than the net asset value of the ETF. ETFs are also subject to potential liquidity risk because an active trading market for an ETF’s shares may not develop or be maintained. In addition, the Fund incurs its proportionate shares of the expenses of the ETFs in which it invests, which has the effect of increasing the operating expenses of the Fund and thus the costs of your investment in the Fund.
The Riverfront Long-Term Growth Fund invests in securities of foreign issuers, which are subject to certain inherent risks, such as political or economic disruptions or instability of the country of issue, the difficulty of predicting international trade patterns, foreign currency fluctuations, and the possibility of imposition of exchange controls. Such securities may also be subject to greater variations in price than securities of domestic corporations.
|
|
|
News and Commentary
|