Dividend Distributions – Bond Funds

Dividend Distributions ? Bond Funds

Equity Funds on Page 2

December 2017

Record Date: 12/22/2017 Payable Date: 12/27/2017

Fund Baird Aggregate Bond Fund Baird Aggregate Bond Fund Baird Core Plus Bond Fund Baird Core Plus Bond Fund Baird Intermediate Bond Fund Baird Intermediate Bond Fund Baird Quality Interm Municipal Bond Fund Baird Quality Interm Municipal Bond Fund Baird Core Interm Municipal Bond Fund Baird Core Interm Municipal Bond Fund Baird Short-Term Municipal Bond Fund Baird Short-Term Municipal Bond Fund Baird Short-Term Bond Fund Baird Short-Term Bond Fund Baird Ultra Short Bond Fund Baird Ultra Short Bond Fund

Ticker BAGIX BAGSX BCOIX BCOSX BIMIX BIMSX BMBIX BMBSX BMNIX BMNSX BTMIX BTMSX BSBIX BSBSX BUBIX BUBSX

Distribution Rate (per share)

$0.03103216 $0.02839992 $0.03842418 $0.03576777 $0.02834187 $0.02587216 $0.02592576 $0.02291829 $0.02047887 $0.01807548 $0.01716830 $0.01487460 $0.02027477 $0.01798747 $0.01848245 $0.01624794

Reinvestment Price (Ex-Date NAV) $10.83 $11.19 $11.18 $11.64 $10.98 $11.47 $11.50 $11.78 $10.28 $10.28 $10.06 $10.05 $9.63 $9.63 $10.03 $10.02

These funds pay a monthly dividend; capital gains are typically paid in December.

Robert W. Baird & Co. does not offer tax or legal advice. We strongly urge shareholders to consult with a tax or legal professional regarding any tax consequences or legal implications arising from these distributions. These distribution amounts represent past performance results and do not indicate future performance.

Investors should consider the investment objectives, risks, and charges and expenses of each fund carefully before investing. This and other information is found in the prospectus or summary prospectus. Please read the prospectus or summary prospectus carefully before investing. If you have any questions concerning this information or the Baird Funds in general, please contact the Fund at 866-44-BAIRD.

Dividend Distributions ? Equity Funds

December 2017

Record Date: 12/22/2017 Payable Date: 12/27/2017

Fund Baird LargeCap Fund Baird LargeCap Fund Baird MidCap Fund Baird MidCap Fund Baird Small/Mid Cap Value Fund Baird Small/Mid Cap Value Fund Baird SmallCap Value Fund Baird SmallCap Value Fund Chautauqua Global Growth Fund Chautauqua Global Growth Fund Chautauqua International Growth Fund Chautauqua International Growth Fund

Ticker BHGIX BHGSX BMDIX BMDSX BMVIX BMVSX BSVIX BSVSX CCGIX CCGSX CCWIX CCWSX

Distribution Rate (per share)

$0.14235485 $0.09646920

$0.00 $0.00 $0.06993027 $0.04685836 $0.09889933 $0.05651487 $0.00 $0.00 $0.02188879 $0.00444733

Reinvestment Price (Ex-Date NAV) $7.39 $7.40 $19.16 $18.23 $12.43 $12.41 $17.00 $16.98 $13.46 $13.41 $12.52 $12.49

These funds pay an annual dividend in December; capital gains are typically paid in December.

Robert W. Baird & Co. does not offer tax or legal advice. We strongly urge shareholders to consult with a tax or legal professional regarding any tax consequences or legal implications arising from these distributions. These distribution amounts represent past performance results and do not indicate future performance.

Investors should consider the investment objectives, risks, and charges and expenses of each fund carefully before investing. This and other information is found in the prospectus or summary prospectus. Please read the prospectus or summary prospectus carefully before investing. If you have any questions concerning this information or the Baird Funds in general, please contact the Fund at 866-44-BAIRD.

Dividend Distributions

November 2017

Record Date: 11/24/2017 Payable Date: 11/28/2017

Fund Baird Aggregate Bond Fund Baird Aggregate Bond Fund Baird Core Plus Bond Fund Baird Core Plus Bond Fund Baird Intermediate Bond Fund Baird Intermediate Bond Fund Baird Quality Interm Municipal Bond Fund Baird Quality Interm Municipal Bond Fund Baird Core Interm Municipal Bond Fund Baird Core Interm Municipal Bond Fund Baird Short-Term Municipal Bond Fund Baird Short-Term Municipal Bond Fund Baird Short-Term Bond Fund Baird Short-Term Bond Fund Baird Ultra Short Bond Fund Baird Ultra Short Bond Fund

Ticker BAGIX BAGSX BCOIX BCOSX BIMIX BIMSX BMBIX BMBSX BMNIX BMNSX BTMIX BTMSX BSBIX BSBSX BUBIX BUBSX

Distribution Rate (per share)

$0.02360595 $0.02122909 $0.02663654 $0.02417129 $0.02147407 $0.01908592 $0.02159595 $0.01903490 $0.01779701 $0.01565254 $0.01444313 $0.01233349 $0.01463062 $0.01253806 $0.01226621 $0.01019741

Reinvestment Price (Ex-Date NAV) $10.89 $11.25 $11.25 $11.70 $11.05 $11.54 $11.52 $11.79 $10.26 $10.25 $10.09 $10.08 $9.67 $9.67 $10.04 $10.03

These funds pay a monthly dividend; capital gains are typically paid in December.

Robert W. Baird & Co. does not offer tax or legal advice. We strongly urge shareholders to consult with a tax or legal professional regarding any tax consequences or legal implications arising from these distributions. These distribution amounts represent past performance results and do not indicate future performance.

Investors should consider the investment objectives, risks, and charges and expenses of each fund carefully before investing. This and other information is found in the prospectus or summary prospectus. Please read the prospectus or summary prospectus carefully before investing. If you have any questions concerning this information or the Baird Funds in general, please contact the Fund at 866-44-BAIRD.

Dividend Distributions

October 2017

Record Date: 10/24/2017 Payable Date: 10/26/2017

Fund Baird Aggregate Bond Fund Baird Aggregate Bond Fund Baird Core Plus Bond Fund Baird Core Plus Bond Fund Baird Intermediate Bond Fund Baird Intermediate Bond Fund Baird Quality Interm Municipal Bond Fund Baird Quality Interm Municipal Bond Fund Baird Core Interm Municipal Bond Fund Baird Core Interm Municipal Bond Fund Baird Short-Term Municipal Bond Fund Baird Short-Term Municipal Bond Fund Baird Short-Term Bond Fund Baird Short-Term Bond Fund Baird Ultra Short Bond Fund Baird Ultra Short Bond Fund

Ticker BAGIX BAGSX BCOIX BCOSX BIMIX BIMSX BMBIX BMBSX BMNIX BMNSX BTMIX BTMSX BSBIX BSBSX BUBIX BUBSX

Distribution Rate (per share)

$0.02415059 $0.02169254 $0.02711993 $0.02457449 $0.02215302 $0.01961614 $0.02115698 $0.01851720 $0.01794554 $0.01568825 $0.01553578 $0.01346177 $0.01465996 $0.01253249 $0.01204166 $0.00959762

Reinvestment Price (Ex-Date NAV) $10.84 $11.20 $11.20 $11.66 $11.05 $11.54 $11.62 $11.90 $10.30 $10.30 $10.13 $10.12 $9.69 $9.68 $10.04 $10.04

These funds pay a monthly dividend; capital gains are typically paid in December.

Robert W. Baird & Co. does not offer tax or legal advice. We strongly urge shareholders to consult with a tax or legal professional regarding any tax consequences or legal implications arising from these distributions. These distribution amounts represent past performance results and do not indicate future performance.

Investors should consider the investment objectives, risks, and charges and expenses of each fund carefully before investing. This and other information is found in the prospectus or summary prospectus. Please read the prospectus or summary prospectus carefully before investing. If you have any questions concerning this information or the Baird Funds in general, please contact the Fund at 866-44-BAIRD.

Dividend Distributions

September 2017

Record Date: 9/22/2017 Payable Date: 9/26/2017

Fund Baird Aggregate Bond Fund Baird Aggregate Bond Fund Baird Core Plus Bond Fund Baird Core Plus Bond Fund Baird Intermediate Bond Fund Baird Intermediate Bond Fund Baird Quality Interm Municipal Bond Fund Baird Quality Interm Municipal Bond Fund Baird Core Interm Municipal Bond Fund Baird Core Interm Municipal Bond Fund Baird Short-Term Municipal Bond Fund Baird Short-Term Municipal Bond Fund Baird Short-Term Bond Fund Baird Short-Term Bond Fund Baird Ultra Short Bond Fund Baird Ultra Short Bond Fund

Ticker BAGIX BAGSX BCOIX BCOSX BIMIX BIMSX BMBIX BMBSX BMNIX BMNSX BTMIX BTMSX BSBIX BSBSX BUBIX BUBSX

Distribution Rate (per share)

$0.02186859 $0.01941696 $0.02477829 $0.02245222 $0.01994059 $0.01487783 $0.02135745 $0.01897844 $0.01558400 $0.01358448 $0.01385071 $0.01230025 $0.01296029 $0.01102150 $0.01112129 $0.00874545

Reinvestment Price (Ex-Date NAV) $10.94 $11.30 $11.29 $11.74 $11.11 $11.60 $11.67 $11.94 $10.31 $10.31 $10.14 $10.13 $9.71 $9.70 $10.04 $10.04

These funds pay a monthly dividend; capital gains are typically paid in December.

Robert W. Baird & Co. does not offer tax or legal advice. We strongly urge shareholders to consult with a tax or legal professional regarding any tax consequences or legal implications arising from these distributions. These distribution amounts represent past performance results and do not indicate future performance.

Investors should consider the investment objectives, risks, and charges and expenses of each fund carefully before investing. This and other information is found in the prospectus or summary prospectus. Please read the prospectus or summary prospectus carefully before investing. If you have any questions concerning this information or the Baird Funds in general, please contact the Fund at 866-44-BAIRD.

Dividend Distributions

August 2017

Record Date: 8/24/2017 Payable Date: 8/28/2017

Fund Baird Aggregate Bond Fund Baird Aggregate Bond Fund Baird Core Plus Bond Fund Baird Core Plus Bond Fund Baird Intermediate Bond Fund Baird Intermediate Bond Fund Baird Quality Interm Municipal Bond Fund Baird Quality Interm Municipal Bond Fund Baird Core Interm Municipal Bond Fund Baird Core Interm Municipal Bond Fund Baird Short-Term Municipal Bond Fund Baird Short-Term Municipal Bond Fund Baird Short-Term Bond Fund Baird Short-Term Bond Fund Baird Ultra Short Bond Fund Baird Ultra Short Bond Fund

Ticker BAGIX BAGSX BCOIX BCOSX BIMIX BIMSX BMBIX BMBSX BMNIX BMNSX BTMIX BTMSX BSBIX BSBSX BUBIX BUBSX

Distribution Rate (per share)

$0.02288933 $0.02051905 $0.02616934 $0.02300798 $0.02160216 $0.01912759 $0.02289771 $0.02038129 $0.01683909 $0.01466581 $0.01532531 $0.01326448 $0.01363169 $0.01178299 $0.01218457 $0.00939367

Reinvestment Price (Ex-Date NAV) $10.94 $11.31 $11.29 $11.74 $11.13 $11.61 $11.71 $11.98 $10.32 $10.31 $10.15 $10.14 $9.71 $9.71 $10.04 $10.04

These funds pay a monthly dividend; capital gains are typically paid in December.

Robert W. Baird & Co. does not offer tax or legal advice. We strongly urge shareholders to consult with a tax or legal professional regarding any tax consequences or legal implications arising from these distributions. These distribution amounts represent past performance results and do not indicate future performance.

Investors should consider the investment objectives, risks, and charges and expenses of each fund carefully before investing. This and other information is found in the prospectus or summary prospectus. Please read the prospectus or summary prospectus carefully before investing. If you have any questions concerning this information or the Baird Funds in general, please contact the Fund at 866-44-BAIRD.

Dividend Distributions

July 2017

Record Date: 7/24/2017 Payable Date: 7/26/2017

Fund Baird Aggregate Bond Fund Baird Aggregate Bond Fund Baird Core Plus Bond Fund Baird Core Plus Bond Fund Baird Intermediate Bond Fund Baird Intermediate Bond Fund Baird Quality Interm Municipal Bond Fund Baird Quality Interm Municipal Bond Fund Baird Core Interm Municipal Bond Fund Baird Core Interm Municipal Bond Fund Baird Short-Term Municipal Bond Fund Baird Short-Term Municipal Bond Fund Baird Short-Term Bond Fund Baird Short-Term Bond Fund Baird Ultra Short Bond Fund Baird Ultra Short Bond Fund

Ticker BAGIX BAGSX BCOIX BCOSX BIMIX BIMSX BMBIX BMBSX BMNIX BMNSX BTMIX BTMSX BSBIX BSBSX BUBIX BUBSX

Distribution Rate (per share)

$0.02286681 $0.02051649 $0.02629172 $0.02382710 $0.02123983 $0.01874306 $0.02323820 $0.02070932 $0.01617000 $0.01395140 $0.01469964 $0.01258364 $0.01290929 $0.01083892 $0.01035139 $0.00801418

Reinvestment Price (Ex-Date NAV) $10.86 $11.22 $11.21 $11.66 $11.08 $11.56 $11.67 $11.94 $10.28 $10.27 $10.13 $10.11 $9.70 $9.70 $10.04 $10.04

These funds pay a monthly dividend; capital gains are typically paid in December.

Robert W. Baird & Co. does not offer tax or legal advice. We strongly urge shareholders to consult with a tax or legal professional regarding any tax consequences or legal implications arising from these distributions. These distribution amounts represent past performance results and do not indicate future performance.

Investors should consider the investment objectives, risks, and charges and expenses of each fund carefully before investing. This and other information is found in the prospectus or summary prospectus. Please read the prospectus or summary prospectus carefully before investing. If you have any questions concerning this information or the Baird Funds in general, please contact the Fund at 866-44-BAIRD.

Dividend Distributions

June 2017

Record Date: 6/23/2017 Payable Date: 6/27/2017

Fund Baird Aggregate Bond Fund Baird Aggregate Bond Fund Baird Core Plus Bond Fund Baird Core Plus Bond Fund Baird Intermediate Bond Fund Baird Intermediate Bond Fund Baird Quality Interm Municipal Bond Fund Baird Quality Interm Municipal Bond Fund Baird Core Interm Municipal Bond Fund Baird Core Interm Municipal Bond Fund Baird Short-Term Municipal Bond Fund Baird Short-Term Municipal Bond Fund Baird Short-Term Bond Fund Baird Short-Term Bond Fund Baird Ultra Short Bond Fund Baird Ultra Short Bond Fund

Ticker BAGIX BAGSX BCOIX BCOSX BIMIX BIMSX BMBIX BMBSX BMNIX BMNSX BTMIX BTMSX BSBIX BSBSX BUBIX BUBSX

Distribution Rate (per share)

$0.02273608 $0.02037460 $0.02588381 $0.02349265 $0.02078416 $0.01839034 $0.02204867 $0.01956941 $0.01684951 $0.01471751 $0.01300709 $0.01115546 $0.01358947 $0.01157651 $0.01001629 $0.00776862

Reinvestment Price (Ex-Date NAV) $10.94 $11.30 $11.28 $11.73 $11.12 $11.60 $11.68 $11.95 $10.28 $10.28 $10.12 $10.11 $9.70 $9.70 $10.04 $10.04

These funds pay a monthly dividend; capital gains are typically paid in December.

Robert W. Baird & Co. does not offer tax or legal advice. We strongly urge shareholders to consult with a tax or legal professional regarding any tax consequences or legal implications arising from these distributions. These distribution amounts represent past performance results and do not indicate future performance.

Investors should consider the investment objectives, risks, and charges and expenses of each fund carefully before investing. This and other information is found in the prospectus or summary prospectus. Please read the prospectus or summary prospectus carefully before investing. If you have any questions concerning this information or the Baird Funds in general, please contact the Fund at 866-44-BAIRD.

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