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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 e-mail, or contact your Baird Financial Advisor. Please read the prospectus carefully before investing. Investing involves risks, including loss of principal. Bonds and bond funds will decrease in value as interest rates rise.