Radio Interview – Sr. Portfolio Mgr Chuck Severson Discusses Mid Cap Investing Strategy with Chuck Jaffe

 
October 31, 2012

Baird Investment Management Senior Portfolio Manager Chuck Severson, CFA, was recently interviewed by MoneyLife's Chuck Jaffe about Baird’s Mid Cap investing strategy. Listen to the interview.

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 investing. 

This is not a complete analysis of every material fact regarding any company, industry or security. The opinions expressed here reflect our judgment at this date and are subject to change. The information has been obtained from sources we consider to be reliable, but we cannot guarantee the accuracy. 

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 ten-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.

As of 10/31/12 the Baird MidCap Fund Investor Class received 4 stars for the overall rating among 671, 5 stars for the 3-year period among 671, 4 stars for the 5-year period among 590 and 3 stars for the 10-year period among 427 Mid-Cap Growth Funds. Past performance does not guarantee future results.  

The Fund invests a substantial portion of its assets in the stocks of mid-capitalization companies. Mid-capitalization companies often are more volatile and face greater risks than larger, more established companies. The Fund focuses on growth-style stocks and therefore the performance of the Fund will typically be more volatile than the performance of funds that focus on types of stocks that have a broader investment style. The Fund may invest up to 15% of its total assets in foreign securities and ADRs. Foreign investments involve risks such as currency rate fluctuations, different and sometimes less strict financial reporting standards and regulation, and the potential for political and economic instability. 

Following are the fund’s top ten holdings as of 10/31/12: 

O'REILLY AUTOMOTIVE INC NEW ORLY 2.5
DOLLAR GENERAL CORP NEW DG 2.4
DICKS SPORTING GOODS INC DKS 2.4
ALLIANCE DATA SYS CORP ADS 2.4
PERRIGO CO PRGO 2.3
CABOT OIL & GAS CORP COG 2.3
DIGITAL RLTY TR INC DLR 2.2
TERADATA CORP DEL TDC 2.1
MCCORMICK & CO INC MKC 2.1
ILLUMINA INC ILMN 2.1

Baird makes a market in the stocks of East West Bancorp, Oceaneering International, Rockwell Automation, Fluor Corporation, Panera Bread Company, Church & Dwight, Green Mountain Coffee Roasters, Perigo and Foster Wheeler.

Baird Funds are offered through Robert W. Baird & Co., a registered broker/dealer, member NYSE and SIPC. Robert W. Baird & Co. also serves as investment advisor for the Fund and receives compensation for these services as disclosed in the current prospectus.

 
 
 
 
 

Social Icons

Careers|Help|Site Map|Important Disclosures|Privacy Policy|Financial Information|Business Continuity
©2014 Robert W. Baird & Co. Incorporated.
The services featured on this Web site may not be available in all jurisdictions or to all persons/entities. For more information, please see Important Disclosures. Robert W. Baird & Co. Incorporated. Member SIPC.
Interactive Data
Quotes delayed at least 15 minutes. Market data provided by Interactive Data. 
Terms & Conditions. Powered and implemented by Interactive Data Managed Solutions.
Fund data provided by Morningstar, Inc. ©2011 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.