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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.
The Core Plus Bond Fund Investor Class received 4 stars for the 3-year period among 954 Intermediate-term Bond Funds and 5 stars for the 5-year period among 836 Intermediate-term Bond Funds. The Baird Intermediate Municipal Bond Fund Investor Class received 5 stars for the 3-year period among 231 Municipal National Intermediate Bond Funds and 4 stars for the 5-year period among 209 Municipal National Intermediate Bond Funds.
Past performance is no guarantee of future results.
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. For a prospectus and application, contact Baird Funds directly at 800-444-9102, via e-mail, or contact your Baird Financial Advisor. Please read the prospectus carefully before investing.
Baird Funds are offered through Robert W. Baird & Co., a registered broker/dealer. Baird also serves as investment advisor for the Funds and receives compensation for these services.
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