Baird Mid Cap Growth Fund - Institutional Class

This fund primarily allocates its assets, typically at least 80% of its net worth (including any borrowed capital), to equity investments in mid-capitalization companies, both domestic and international. These holdings mainly encompass common stocks, preferred stocks, securities exchangeable for common stock, and American Depositary Receipts (ADRs) that trade on major U.S. exchanges. Although the fund predominantly invests in U.S. corporations, it has the flexibility to commit up to 15% of its overall assets to foreign equity securities, which may include common stocks, ordinary shares, and ADRs.