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This video is intended for informational and educational purposes only. It is not an offer to buy or sell, or a solicitation of an offer to buy or sell, any security or investment, or to participate in any particular trading or investment strategy. The information contained is considered to be from reliable sources, but its accuracy is not guaranteed. We do not offer tax or legal advice, so please consult your tax or legal professional for information specific to your situation. The opinions expressed are those of the speaker and are not necessarily those of Robert W. Baird & Co. Incorporated. Please note past performance is not indicative of future results and diversification does not ensure a profit or protect against loss. All investments carry some level of risk, including loss of principal. You should carefully consider investment objectives and risks of any investment before investing. An investment cannot be made directly in an index. Securities and investment advisory services are offered by Robert W. Baird and Co. Incorporated, a registered Broker-Dealer and Investment Advisor, member NYSE, FINRA, and SIPC.
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 risks such as interest rate risk, credit risk, inflation risk and liquidity risk. In a rising interest rate environment, the value of fixed income securities generally declines and conversely, in a falling interest rate environment, the value of fixed income securities generally increases. 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 investments are not appropriate for all investors, especially those taxed at lower rates.
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 your financial advisor. Please read the prospectus or summary prospectus carefully before investing.