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Trending ETFs

Name

As of 06/18/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$21.56

$2.55 B

0.00%

1.07%

Vitals

YTD Return

-3.9%

1 yr return

1.8%

3 Yr Avg Return

-1.7%

5 Yr Avg Return

8.0%

Net Assets

$2.55 B

Holdings in Top 10

24.5%

52 WEEK LOW AND HIGH

$21.6
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.07%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 31.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$2,500

IRA

$1,000


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 06/18/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$21.56

$2.55 B

0.00%

1.07%

BMDSX - Profile

Distributions

  • YTD Total Return -3.9%
  • 3 Yr Annualized Total Return -1.7%
  • 5 Yr Annualized Total Return 8.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.74%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Baird Mid Cap Growth Fund
  • Fund Family Name
    Baird
  • Inception Date
    Dec 29, 2000
  • Shares Outstanding
    7640940
  • Share Class
    Investor
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Charles Severson

Fund Description

The Fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in the equity securities of U.S. and foreign mid-capitalization companies, principally common stocks and American Depositary Receipts (“ADRs”) that are traded on major U.S. exchanges. Although the Fund principally invests in U.S. companies, the Fund may invest up to 15% of its total assets in equity securities (consisting of common stocks, ordinary shares and ADRs) of foreign companies. The Fund defines mid-capitalization companies as those companies with a market capitalization within the range of companies in the Russell Midcap® Growth Index at the time of investment.
When analyzing equity securities to be purchased by the Fund, Robert W. Baird & Co. Incorporated (the “Advisor”) emphasizes a company’s growth prospects. The Fund’s investments are selected using a variety of both quantitative techniques and fundamental research in seeking to maximize the Fund’s expected return while controlling risk.
The Fund seeks a portfolio comprised of companies which reflect “PRIME” growth factors. These factors are analyzed as part of the Advisor’s investment process and are represented in the following ways:
Durable Profitability. Companies with advantaged competitive positions have greater potential to generate attractive and increasing margins, and high returns.
Sustainable Revenue Growth. Solid barriers to entry, favorable pricing power and an effective strategy can support top-line prospects, and superior earnings growth.
Favorable Industry dynamics. The Advisor leverages their intellectual capital by identifying favorable end market demand, making investment across sectors.
Strong Management. A critical element of a high-quality company. The Advisor seeks governance practices promoting integrity, accountability, and shareholder alignment. Growth, profitability, and balance sheet strength provide insight into effective management.
Market Expectations. Important in assessing risk/return opportunities and portfolio capital allocation. Strengthening fundamental trends can expand valuation potential.
The Advisor believes an analysis of these PRIME factors yields insights to the competitive strength of a business model.
The Advisor applies the following strategies when purchasing securities for the Fund’s portfolio:
Intentionally avoiding short-term trading strategies and rapid shifts in industry positions.
Setting sector limits at the greater of 30% of the Fund’s total assets or double the weighting of the Russell Midcap® Growth Index in any one sector, as defined by such index.
Typically holding the securities of fewer than 60 companies with exposure to at least 20 industries.
Seeking securities whose growth prospects, in the Advisor’s opinion, are not reflected in their current stock prices.
Limiting the size of any one new position. No security will represent more than 5% of the Fund’s total assets at the time of purchase.
•    Leveraging key tools, such as the Advisor’s proprietary tier-board, which provides a visual representation of portfolio positions and enables discussion on relative weights of underlying positions.
The Advisor may sell a security due to achievement of valuation targets, significant change in the initial investment premise or fundamental deterioration.
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BMDSX - Performance

Return Ranking - Trailing

Period BMDSX Return Category Return Low Category Return High Rank in Category (%)
YTD -3.9% -16.6% 33.8% 95.64%
1 Yr 1.8% -6.9% 58.8% 94.11%
3 Yr -1.7%* -28.2% 57.7% 52.54%
5 Yr 8.0%* -3.2% 98.4% 64.32%
10 Yr 9.0%* -0.5% 24.8% 64.40%

* Annualized

Return Ranking - Calendar

Period BMDSX Return Category Return Low Category Return High Rank in Category (%)
2023 16.9% -27.7% 68.0% 59.89%
2022 -29.1% -85.6% 52.8% 39.96%
2021 3.1% -74.9% 238.3% 37.01%
2020 21.8% -44.1% 2474.5% 65.58%
2019 28.5% -50.2% 44.0% 35.50%

Total Return Ranking - Trailing

Period BMDSX Return Category Return Low Category Return High Rank in Category (%)
YTD -3.9% -16.6% 33.8% 95.64%
1 Yr 1.8% -6.9% 58.8% 94.11%
3 Yr -1.7%* -28.2% 57.7% 52.54%
5 Yr 8.0%* -3.2% 98.4% 64.32%
10 Yr 9.0%* -0.5% 24.8% 64.40%

* Annualized

Total Return Ranking - Calendar

Period BMDSX Return Category Return Low Category Return High Rank in Category (%)
2023 19.9% -26.1% 68.0% 57.03%
2022 -27.8% -67.0% 56.8% 48.95%
2021 22.2% -23.5% 342.2% 11.81%
2020 34.3% 2.6% 2549.1% 55.40%
2019 35.9% 14.6% 44.8% 34.45%

NAV & Total Return History


BMDSX - Holdings

Concentration Analysis

BMDSX Category Low Category High BMDSX % Rank
Net Assets 2.55 B 2.73 M 100 B 29.55%
Number of Holdings 56 25 3620 77.27%
Net Assets in Top 10 636 M 449 K 9.69 B 34.66%
Weighting of Top 10 24.50% 4.2% 98.2% 63.83%

Top 10 Holdings

  1. Dexcom Inc 3.21%
  2. CDW Corp/DE 2.61%
  3. IDEXX Laboratories Inc 2.48%
  4. ICON PLC 2.45%
  5. HEICO Corp 2.40%
  6. Veeva Systems Inc 2.34%
  7. Watsco Inc 2.30%
  8. Copart Inc 2.29%
  9. Globant SA 2.23%
  10. Floor Decor Holdings Inc 2.18%

Asset Allocation

Weighting Return Low Return High BMDSX % Rank
Stocks
97.90% 58.72% 101.30% 61.36%
Cash
2.12% 0.00% 38.96% 39.58%
Preferred Stocks
0.00% 0.00% 5.36% 72.73%
Other
0.00% 0.00% 14.15% 79.73%
Convertible Bonds
0.00% 0.00% 0.40% 68.37%
Bonds
0.00% -3.09% 3.50% 70.08%

Stock Sector Breakdown

Weighting Return Low Return High BMDSX % Rank
Technology
36.06% 0.04% 62.17% 20.27%
Industrials
19.98% 0.00% 38.23% 12.50%
Healthcare
19.00% 0.00% 37.06% 38.64%
Consumer Cyclical
15.13% 0.00% 57.41% 41.10%
Financial Services
4.96% 0.00% 43.01% 67.99%
Consumer Defense
2.12% 0.00% 16.40% 52.46%
Real Estate
1.38% 0.00% 19.28% 67.23%
Communication Services
1.36% 0.00% 18.33% 71.02%
Utilities
0.00% 0.00% 12.94% 76.70%
Energy
0.00% 0.00% 62.10% 90.53%
Basic Materials
0.00% 0.00% 17.25% 92.61%

Stock Geographic Breakdown

Weighting Return Low Return High BMDSX % Rank
US
97.90% 46.79% 101.30% 50.38%
Non US
0.00% 0.00% 34.57% 75.00%

BMDSX - Expenses

Operational Fees

BMDSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.07% 0.02% 17.54% 49.24%
Management Fee 0.75% 0.00% 1.50% 59.58%
12b-1 Fee 0.25% 0.00% 1.00% 52.90%
Administrative Fee N/A 0.00% 0.40% N/A

Sales Fees

BMDSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

BMDSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

BMDSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 31.00% 0.00% 250.31% 39.92%

BMDSX - Distributions

Dividend Yield Analysis

BMDSX Category Low Category High BMDSX % Rank
Dividend Yield 0.00% 0.00% 33.43% 76.33%

Dividend Distribution Analysis

BMDSX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual SemiAnnual Annual

Net Income Ratio Analysis

BMDSX Category Low Category High BMDSX % Rank
Net Income Ratio -0.74% -2.24% 2.75% 63.08%

Capital Gain Distribution Analysis

BMDSX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

BMDSX - Fund Manager Analysis

Managers

Charles Severson


Start Date

Tenure

Tenure Rank

Dec 29, 2000

21.43

21.4%

Mr. Severson is Managing Director, Senior Portfolio Manager and Senior Vice President of Robert W. Baird & Co. Incorporated. He joined the firm in 1987 as an Institutional Salesman. In 1991, Mr. Severson joined Baird Investment Management after spending four years as an Institutional Equity Salesman. Mr. Severson has served as a Senior Portfolio Manager on the Mid Cap product. He has a B.B.A. degree in Accounting and Finance and an M.S. degree in Finance from the University of Wisconsin-Madison. Mr. Severson earned the Chartered Financial Analyst designation in 1990.

Kenneth Hemauer


Start Date

Tenure

Tenure Rank

May 01, 2010

12.09

12.1%

Mr. Hemauer is Director of Research for Baird Investment Management and a Managing Director, Senior Vice President of Robert W. Baird & Co. Incorporated. He joined Baird Investment Management in 2001, after spending seven years as a Senior Analyst in the Equity Research Department of Baird where he focused on financial services companies. He received both a B.B.A. degree and an M.S. degree in Finance from the University of Wisconsin-Madison. He earned the Chartered Financial Analyst designation in 1995.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 36.3 9.4 11.76