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Baird Mid Cap Growth Fund
mutual fund
BMDSX
Payout Change
Pending
Price as of:
$21.61
+0.2
+0.93%
primary theme
U.S. Mid-Cap Growth Equity
share class
BMDSX (Mutual Fund)
Baird Mid Cap Growth Fund
Payout Change
Pending
Price as of:
$21.61
+0.2
+0.93%
primary theme
U.S. Mid-Cap Growth Equity
share class
BMDSX (Mutual Fund)
Baird Mid Cap Growth Fund
Payout Change
Pending
Price as of:
$21.61
+0.2
+0.93%
primary theme
U.S. Mid-Cap Growth Equity
share class
Name
As of 12/20/2024Price
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
Vitals
YTD Return
0.5%
1 yr return
1.7%
3 Yr Avg Return
-3.6%
5 Yr Avg Return
7.3%
Net Assets
$2.11 B
Holdings in Top 10
25.4%
52 WEEK LOW AND HIGH
$21.4
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 12/20/2024Price
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
BMDSX - Profile
Distributions
- YTD Total Return 0.5%
- 3 Yr Annualized Total Return -3.6%
- 5 Yr Annualized Total Return 7.3%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.74%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameBaird Mid Cap Growth Fund
-
Fund Family NameBaird
-
Inception DateDec 29, 2000
-
Shares Outstanding7640940
-
Share ClassInvestor
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerCharles 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.
BMDSX - Performance
Return Ranking - Trailing
| Period | BMDSX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 0.5% | -2.0% | 90.1% | 99.42% |
| 1 Yr | 1.7% | -2.3% | 86.3% | 99.03% |
| 3 Yr | -3.6%* | -14.9% | 58.0% | 88.24% |
| 5 Yr | 7.3%* | -2.9% | 101.0% | 84.34% |
| 10 Yr | 9.3%* | 2.3% | 24.4% | 76.37% |
* Annualized
Return Ranking - Calendar
| Period | BMDSX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 16.9% | -27.7% | 68.0% | 59.92% |
| 2022 | -29.1% | -85.6% | 52.8% | 40.31% |
| 2021 | 3.1% | -74.9% | 238.3% | 36.90% |
| 2020 | 21.8% | -44.1% | 2474.5% | 65.63% |
| 2019 | 28.5% | -50.2% | 44.0% | 35.48% |
Total Return Ranking - Trailing
| Period | BMDSX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 0.5% | -2.0% | 90.1% | 99.42% |
| 1 Yr | 1.7% | -2.3% | 86.3% | 99.03% |
| 3 Yr | -3.6%* | -14.9% | 58.0% | 88.24% |
| 5 Yr | 7.3%* | -2.9% | 101.0% | 84.34% |
| 10 Yr | 9.3%* | 2.3% | 24.4% | 76.37% |
* Annualized
Total Return Ranking - Calendar
| Period | BMDSX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 19.9% | -26.1% | 68.0% | 56.81% |
| 2022 | -27.8% | -67.0% | 56.8% | 49.32% |
| 2021 | 22.2% | -23.5% | 342.2% | 11.69% |
| 2020 | 34.3% | 2.6% | 2549.1% | 55.00% |
| 2019 | 35.9% | 14.6% | 44.8% | 34.41% |
NAV & Total Return History
BMDSX - Holdings
Concentration Analysis
| BMDSX | Category Low | Category High | BMDSX % Rank | |
|---|---|---|---|---|
| Net Assets | 2.11 B | 2.73 M | 100 B | 34.69% |
| Number of Holdings | 57 | 24 | 3569 | 77.13% |
| Net Assets in Top 10 | 558 M | 635 K | 11.3 B | 35.27% |
| Weighting of Top 10 | 25.38% | 4.5% | 97.8% | 47.67% |
Top 10 Holdings
- First American Government Obligations Fund 3.67%
- Monolithic Power Systems Inc 2.78%
- Tyler Technologies Inc 2.72%
- IDEXX Laboratories Inc 2.45%
- CDW Corp/DE 2.43%
- Broadridge Financial Solutions Inc 2.32%
- MSCI Inc 2.31%
- Veeva Systems Inc 2.23%
- Zebra Technologies Corp 2.23%
- HEICO Corp 2.23%
Asset Allocation
| Weighting | Return Low | Return High | BMDSX % Rank | |
|---|---|---|---|---|
| Stocks | 96.37% | 58.72% | 103.99% | 85.08% |
| Cash | 3.67% | 0.00% | 28.07% | 17.05% |
| Preferred Stocks | 0.00% | 0.00% | 6.15% | 58.14% |
| Other | 0.00% | -0.11% | 14.45% | 96.71% |
| Convertible Bonds | 0.00% | 0.00% | 0.40% | 100.00% |
| Bonds | 0.00% | 0.00% | 2.73% | 56.98% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | BMDSX % Rank | |
|---|---|---|---|---|
| Technology | 36.06% | 0.04% | 62.17% | 20.16% |
| Industrials | 19.98% | 0.00% | 38.23% | 12.79% |
| Healthcare | 19.00% | 0.00% | 37.06% | 38.18% |
| Consumer Cyclical | 15.13% | 0.00% | 57.41% | 40.70% |
| Financial Services | 4.96% | 0.00% | 43.01% | 68.02% |
| Consumer Defense | 2.12% | 0.00% | 16.40% | 52.91% |
| Real Estate | 1.38% | 0.00% | 19.28% | 67.25% |
| Communication Services | 1.36% | 0.00% | 18.33% | 70.74% |
| Utilities | 0.00% | 0.00% | 12.94% | 99.81% |
| Energy | 0.00% | 0.00% | 62.10% | 99.81% |
| Basic Materials | 0.00% | 0.00% | 17.25% | 99.42% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | BMDSX % Rank | |
|---|---|---|---|---|
| US | 96.37% | 46.79% | 103.99% | 71.71% |
| Non US | 0.00% | 0.00% | 34.12% | 63.95% |
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% | 47.67% |
| Management Fee | 0.75% | 0.00% | 1.50% | 57.48% |
| 12b-1 Fee | 0.25% | 0.00% | 1.00% | 46.64% |
| 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% | 39.14% |
BMDSX - Distributions
Dividend Yield Analysis
| BMDSX | Category Low | Category High | BMDSX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 33.43% | 62.02% |
Dividend Distribution Analysis
| BMDSX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | Annual | Annual |
Net Income Ratio Analysis
| BMDSX | Category Low | Category High | BMDSX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -0.74% | -2.24% | 2.75% | 63.19% |
Capital Gain Distribution Analysis
| BMDSX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 16, 2024 | $0.970 | CapitalGainLongTerm |
| Dec 14, 2023 | $0.548 | CapitalGainLongTerm |
| Dec 15, 2022 | $0.343 | OrdinaryDividend |
| Dec 16, 2021 | $4.818 | OrdinaryDividend |
| Dec 17, 2020 | $2.644 | OrdinaryDividend |
| Dec 17, 2019 | $0.050 | CapitalGainShortTerm |
| Dec 17, 2019 | $1.193 | CapitalGainLongTerm |
| Dec 26, 2018 | $0.026 | CapitalGainShortTerm |
| Dec 26, 2018 | $1.083 | CapitalGainLongTerm |
| Dec 26, 2017 | $0.888 | CapitalGainLongTerm |
| Dec 28, 2015 | $0.021 | CapitalGainLongTerm |
| Dec 26, 2014 | $0.014 | CapitalGainShortTerm |
| Dec 26, 2014 | $0.146 | CapitalGainLongTerm |
| Dec 26, 2013 | $0.187 | CapitalGainShortTerm |
| Dec 26, 2013 | $0.121 | CapitalGainLongTerm |
| Dec 26, 2012 | $0.062 | CapitalGainLongTerm |
| Dec 26, 2012 | $0.028 | OrdinaryDividend |
| Dec 27, 2011 | $0.588 | CapitalGainLongTerm |
| Dec 28, 2009 | $0.010 | OrdinaryDividend |
| Dec 26, 2007 | $0.277 | CapitalGainShortTerm |
| Dec 26, 2007 | $1.413 | CapitalGainLongTerm |
| Dec 26, 2006 | $0.114 | CapitalGainShortTerm |
| Dec 26, 2006 | $2.116 | CapitalGainLongTerm |
| Dec 27, 2005 | $0.086 | CapitalGainShortTerm |
| Dec 27, 2005 | $0.313 | CapitalGainLongTerm |
| Dec 23, 2004 | $0.019 | CapitalGainLongTerm |
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 | 9.42 | 11.76 |
