Morningstar - Q4 2020 - 57

All-Weather Bond Funds

Consistent and Competitive Performance Throughout Challenging Markets
Annualized Returns as of 9/30/2020
Institutional Class

YTD
2020

1-Year

3-Year

5-Year

Baird Funds

10-Year

Since
Inception1

Baird Core Plus Bond Fund

7.25%

7.82%

5.71%

5.01%

4.58%

5.95%

Bloomberg Barclays U.S. Universal
Bond Index

6.20%

6.68%

5.15%

4.49%

3.92%

5.24%

Baird Aggregate Bond Fund

7.48%

7.80%

5.62%

4.69%

4.44%

5.52%

Bloomberg Barclays Aggregate Index

6.79%

6.98%

5.24%

4.18%

3.64%

5.01%

Baird Intermediate Bond Fund

6.55%

6.98%

4.67%

3.75%

3.51%

4.91%

Bloomberg Barclays Intermediate
Govt/Credit Index

5.92%

6.32%

4.43%

3.39%

2.91%

4.47%

Baird Short-Term Bond Fund

3.58%

4.26%

3.21%

2.65%

2.34%

2.89%

Bloomberg Barclays 1-3 Year
Govt/Credit Index

3.12%

3.73%

2.84%

2.09%

1.57%

2.49%

Baird Ultra Short Bond Fund

1.47%

2.14%

2.29%

1.87%

n/a

1.61%

Bloomberg Barclays Short-Term
Govt/Corporate Index

1.26%

1.81%

2.06%

1.54%

n/a

1.21%

Baird Short-Term Municipal Bond Fund

2.61%

3.28%

2.77%

2.49%

n/a

2.52%

Bloomberg Barclays 1-5 Year Short Municipal
Bond Index

2.49%

3.35%

2.41%

1.93%

n/a

1.96%

Baird Core Intermediate Municipal Bond Fund

3.69%

4.41%

4.21%

3.89%

n/a

3.94%

Bloomberg Barclays 1-15 Year Municipal
Bond Index

3.35%

4.19%

3.82%

3.35%

n/a

3.44%

Baird Quality Intermediate Muni Bond Fund

3.69%

4.30%

3.37%

2.74%

2.74%

4.00%

Bloomberg Barclays Quality Intermediate
Municipal Bond Index

3.58%

4.47%

3.57%

3.06%

3.17%

4.05%

Baird Municipal Bond Fund

7.06%

n/a

n/a

n/a

n/a

8.34%

Bloomberg Barclays Municipal Bond Index

3.33%

n/a

n/a

n/a

n/a

4.19%

Baird Strategic Municipal Bond Fund

6.54%

n/a

n/a

n/a

n/a

7.48%

Bloomberg Barclays 1-10 Year Municipal
Blend Index

3.22%

n/a

n/a

n/a

n/a

3.89%

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.
Performance data quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment in the fund will
fluctuate so that an investor's 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 www.bairdassetmanagement.com/baird-funds.
Expense Ratio for the Institutional Share Classes is 0.30%; for the Investor Share Classes is 0.55%. The Advisor has contractually agreed to waive management fees for the Baird Ultra Short
Bond Fund in an amount equal to an annual rate of 0.15% of the average daily net assets for the Fund until April 30, 2021. The agreement may only be terminated prior to the end of this
term by or with the consent of the Board of Directors of Baird Funds, Inc.
Returns shown include the reinvestment of all dividends and capital gains.
1
The Baird Core Plus, Aggregate and Intermediate Bond Funds since inception returns are based on performance from Sept. 30, 2000 through Sept. 30, 2020; Baird Short-Term Bond Fund
since inception return is based on performance from Aug. 31, 2004 through Sept. 30, 2020; and Baird Ultra Short Bond Fund since inception return is based on performance from Dec. 31,
2013 through Sept. 30, 2020. The Baird Quality Intermediate Municipal Bond Fund since inception net return is based on performance from March 31, 2001 through Sept. 30, 2020. The
Baird Core Intermediate and Short-Term Municipal Bond Fund since inception net return is based on performance from Aug. 31, 2015 through Sept. 30, 2020. The Baird
Municipal Bond and Strategic Municipal Bond since inception net return is based on performance from Nov. 15, 2019, through Sept. 30, 2020, and is not annualized.
©2020 Robert W. Baird & Co. Incorporated. Member SIPC. MC-506259.
http://www.bairdassetmanagement.com/baird-funds
Morningstar - Q4 2020

Table of Contents for the Digital Edition of Morningstar - Q4 2020
