Time-Tested Bond Funds for Uncertain Markets

Baird Short Term Bond Fund 10 YearsA Decade of High Marks for Baird's Taxable
Bond Funds

A consistent investment approach and long-tenured management team have enabled Baird's taxable bond funds to weather some of the most uncertain environments in market history with positive industry ratings and rankings.

      Lipper Rank and Percentile    
   Fund Name

Overall Morningstar

1-Year 5-Year 10-Year Since
  Baird Core Plus Bond Fund
Inception: 9/29/2000
Five Stars
of 913 Intermediate-Term
Bond funds
31 of 187
27 of 143
14 of 73
9 of 57
  Baird Aggregate Bond Fund
Inception: 9/29/2000
Four Stars
of 913 Intermediate-Term
Bond funds
49 of 515
43 of 405
47 of 296
16 of 174
  Baird Short-Term Bond Fund
Inception: 8/31/2004

Four Stars
of 435 Short-Term
Bond funds

26 of 300
50 of 217
35 of 150
36 of 143

All data as of 12/31/2014
Lipper rank / % is based on total return. Lipper Classification for Baird Aggregate Bond
Fund and Baird Core Plus Bond Fund is Intermediate Investment Grade Debt Funds. Lipper
Classification for Baird Short-Term Bond Fund is Short Investment Grade Debt Funds.

The Right Investment Partner in Fixed Income

Baird’s taxable bond funds benefit from the time-tested, disciplined approach that Baird’s fixed income fund managers have embraced for more than 35 years. Supported by solid, fundamental research, the team focuses on high-quality investments with a duration-neutral approach that that focuses on risk control and the objective of adding incremental, relative value to portfolio returns across the fixed income spectrum. This philosophy and our competitive fee structure have served investors well.

Mary Ellen Stanek   Gary Elfe   Charles Groeschell   Warren Pierson   M. Sharon DeGuzman
Mary Ellen Stanek, CFA
Chief Investment Officer
      Gary A. Elfe, CFA
Research Director
     Charles B. Groeschell
Senior Portfolio Manager
      Warren D. Pierson, CFA
Senior Portfolio Manager
      M. Sharon deGuzman
Senior Portfolio Manager
Dan Tranchita   Jay Schwister   Meghan Dean   Jeff Schrom    
Dan Tranchita
Senior Portfolio Manager
  Jay Schwister
Senior Portfolio Manager
  Meghan Dean
Senior Portfolio Manager
  Jeff Schrom
Senior Portfolio Manager

To learn more about Baird’s lineup of high-quality fund offerings,
please call 888-792-9813 or visit bairdfunds.com.

Investors should consider the investment objectives, risks, charges and expenses of the fund carefully before investing. This and other information can be found in the prospectus or summary prospectus. A prospectus or summary prospectus may be obtained by visiting bairdfunds.com or calling 800-444-9102. Please read the prospectus or summary prospectus carefully before you invest or send money.

The Baird Core Plus Bond Fund Institutional Class received 4 stars for the 3-year period among 929, 4 stars for the 5-year period among 808, and 5 stars for the 10-year period among 574 Intermediate-Term Bond Funds. The Baird Aggregate Bond Fund Institutional Class received 4 stars for the 3-year period among 929, 4 stars for the 5-year period among 808, and 4 stars for the 10-year period among 574 Intermediate-Term Bond Funds. The Baird Short-Term Bond Fund Institutional Class received 4 stars for the 3-year period among 428 Short-Term Bond Funds, 4 stars for the 5-year period among 362 Short-Term Bond Funds, and 3 stars for the 10-year period among 257 Short-Term Bond Funds.

The overall Morningstar rating for a fund is derived from a weighted average of the performance figures associated with a fund's three-, five- and 10-year (if applicable) Morningstar Rating metrics. For each fund with at least a three year history, Morningstar calculates a Morningstar Rating based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund's monthly performance (including the effects of sales charges, loads and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages. Past performance is no guarantee of future results.

Lipper is a well-regarded firm that monitors mutual fund performance. Lipper percentile ranking refers to the fund’s rank relative to all funds in the same Lipper peer group.

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. Investments in government obligations are neither issued nor guaranteed by the U.S. Treasury. The Funds may invest in U.S. dollar denominated foreign securities which involve additional risks such as currency rate fluctuations, political and economic instability, and different and sometimes less strict financial reporting standards and regulation. The Funds may also invest in mortgage- and asset-backed securities which may be subject to prepayment risk and thus may be more sensitive to interest rate changes than other types of debt securities. Robert W. Baird & Co.