Senior Portfolio Manager Duane McAllister, CFA, talked with Moneylife's Chuck Jaffe in an interview on strategies to navigate the municipal market in the aftermath of recent natural disasters.
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 or summary prospectus. For a prospectus or summary prospectus, contact Baird Funds directly at 866-444-9012 or contact your Financial Advisor. Please read the prospectus or summary prospectus carefully before investing.
Some of the potential risks associated with fixed income investments include call risk, reinvestment risk, default risk and inflation risk. Additionally, it is important that an investor is familiar with the inverse relationship between a bond's price and its yield. Bond prices will fall as interest rates rise and vice versa. 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. This is not a complete analysis of every material fact regarding any sector, municipality or security. The opinions expressed here reflect our judgment at this date and are subject to change. The information has been obtained from sources we consider to be reliable, but we cannot guarantee the accuracy. Municipal securities investments are not appropriate for all investors, especially those taxed at lower rates. Baird does not provide tax or legal advice. Please consult your legal or tax professional for specific information.