Baird Short-Term Municipal Bond Fund and Core Intermediate Municipal Bond Funds Reach Five-Year Milestone

MILWAUKEE, Sept. 2, 2020 –– Baird Short-Term Municipal Bond Fund (BTMIX) and Baird Core Intermediate Municipal Bond Fund (BNMIX) crossed the five-year mark, demonstrating significant asset growth and strong investment results from inception (August 31, 2015).  The funds are managed by a team led by Duane McAllister, CFA, and Lyle Fitterer, CFA, and including Erik Schleicher, CFA, and Joseph Czechowicz, CFA.

“These funds were the first significant expansions of our fixed income product line up and delivered superior outcomes for our clients and for Baird,” said Mary Ellen Stanek, CFA, Managing Director, Chief Investment Officer and President of Baird Funds. “Duane, Eric and Joe who have been with the funds since their inception in 2015 brought an investment process consistent with our risk-controlled approach and integrated seamlessly with our team. We’ve since added two other funds and additional municipal portfolio management talent and continue to grow and strengthen our offering.  We are all better together.”

On the occasion of this five-year milestone, the Baird municipal team released commentary that addresses the uncertainty brought about by this unprecedented time: 

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About Baird Advisors

Baird Advisors is Baird’s fixed income asset management division and advisor to the Baird Bond Funds. As of July 31, 2020, the group manages more than $100 billion in taxable and tax-exempt fixed income portfolios including Baird Ultra Short Bond Fund, Baird Short-Term Bond Fund, Baird Intermediate Bond Fund, Baird Aggregate Bond Fund, Baird Core Plus Bond Fund, Baird Short-Term Municipal Bond Fund, Baird Core Intermediate Municipal Bond Fund, Baird Quality Intermediate Municipal Bond Fund, Baird Intermediate Municipal Bond Fund and Baird Municipal Bond Fund. For more information, visit

About Baird

Putting clients first since 1919, Baird is an employee-owned, international wealth management, asset management, investment banking/capital markets, and private equity firm with offices in the United States, Europe and Asia. Baird has approximately 4,600 associates serving the needs of individual, corporate, institutional and municipal clients and more than $305 billion in client assets as of December 31, 2019. Committed to being a great workplace, Baird ranked No. 13 on the 2020 FORTUNE 100 Best Companies to Work For® 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

Important Disclosures:

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.

Information about Baird bond funds including their performance can be found here or from the dropdowns above.

Performance data represents past performance and does not guarantee future results.  The investment return and principal value of the investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Current performance data may be lower or higher than the data quoted.  For performance data to the most recent month end, contact Baird directly at 866-442-2473 or 

All investments carry some level of risk, including loss of principal and diversification does not ensure a profit or protect against loss. 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 risk such as interest rate risk, regulatory risk, credit risk, inflation risk, call risk, default risk, political risk, tax policy risk and liquidity risk.  In a rising interest rate environment, the value of fixed-income securities generally decline and conversely, in a falling interest rate environment, the value of fixed income securities generally increase.  Municipal securities investments are not appropriate for all investors, especially those taxed at lower rates.