Baird Intermediate Bond Inst

The Fund is managed through a duration neutral, risk controlled approach with a strong emphasis on the long term perspective. The investment objective of the Fund is to seek an annual rate of total return, before fund expenses, greater than the annual rate of total return of the Bloomberg Intermediate U.S. Government Credit Bond Index. The Fund normally invests at least 80% of its net assets in the following types of U.S. dollar denominated debt securities.