MILWAUKEE, December 3, 2018 – Baird Funds today announced that its board has approved a reduction in net expenses for four of its equity funds effective December 1, 2018. Baird Equity Asset Management has always strived to provide investors the highest quality investment management expertise at reasonable fees.
“We believe these changes will further benefit our investors who seek value added performance along with strong client service and reasonable fees. As part of the larger Baird organization we have the resources to hire and retain experienced investment professionals, as well as invest in technological and operational solutions that control the administrative expenses of our Funds,” said Reik Read, Managing Director, Baird Equity Asset Management.
Specific changes include:
- Chautauqua International Growth Fund, (CCWIX/CCWSX), which invests primarily in a concentrated portfolio of equity securities of non-U.S. companies with medium to large market capitalizations, its expense ratios will change from 0.95% to 0.80% for the institutional share class and from 1.20% to 1.05% for the investor share class.
- Chautauqua Global Growth Fund (CCGIX/CCGSX), invests primarily in a concentrated portfolio of equity securities of both U.S. and non-U.S. companies with medium to large market capitalizations, its expense ratios will change from 0.95% to 0.80% for the institutional share class and from 1.20% to 1.05% for the investor share class.
- Baird Small/Mid Cap Value Fund (BMVIX/BMVSX), primarily invests in small- to medium-cap companies, typically defined as those with a market cap range of $300 million to $10 billion at time of purchase, its expense ratios will change from 0.95% to 0.85% for the institutional share class and from 1.20% to 1.10% for the investor share class.
- Baird SmallCap Value Fund (BSVIX/BSVSX), primarily invests in small-cap companies, typically defined as those with a market cap range of $100 million to $2.5 billion at time of purchase, its expense ratios will change from 1.00% to 0.95% for the institutional share class and from 1.25% to 1.20% for the investor share class.
No changes will be made to the expense ratios of the Baird MidCap Fund and the newly launched Baird Small Mid/Cap Growth Fund as these funds are already priced in line with the firm’s objectives.
About Equity Asset Management
Baird Equity Asset Management represents experienced independent investment teams with specialized experience and knowledge in focused areas of the equity markets. Fundamental research-driven investment processes have been honed over decades of managing portfolios in various market environments. Funds managed include Baird SmallCap Value Fund, Baird Small/Mid Cap Value Fund, Baird Small/Mid Cap Growth Fund, Baird MidCap Fund, Chautauqua Global Growth Fund, and Chautauqua International Growth Fund. For more information, please visit www.bairdequityassetmanagement.com.
Baird is an employee-owned, international wealth management, capital markets, private equity and asset management firm with offices in the United States, Europe and Asia. Established in 1919, Baird has approximately 3,500 associates serving the needs of individual, corporate, institutional and municipal clients. Baird has $211 billion in client assets as of June 30, 2018. Committed to being a great place to work, Baird ranked No. 12 on FORTUNE’s 100 Best Companies to Work For in 2018 – its 15th consecutive year on the list. Baird is the marketing name of Baird Financial Group. Baird’s principal operating subsidiaries are Robert W. Baird & Co. Incorporated in the United States and Robert W. Baird Group Ltd. in Europe. Baird also has an operating subsidiary in Asia supporting Baird’s investment banking and private equity operations. For more information, please visit Baird’s website at www.rwbaird.com.
For additional information, contact
Past performance does not guarantee future results.
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 Baird directly at 866-442-2473 or contact your Financial Advisor.