Mid Cap Growth Strategy

OVERVIEW

The Baird Mid Cap Growth Strategy invests in U.S. mid-cap companies and is managed with a strong emphasis on risk control and a long-term perspective. The team strongly believes in having a true mid-cap product, with the majority of the portfolio invested in companies between $2B and $15B in market cap. The primary investment goal is to provide consistent, superior-to-market returns at a risk posture less than that of the market (vs. the Russell Midcap Growth Index). The team does this by finding companies for inclusion in the portfolio that have better growth prospects and capital structures than peers.

Portfolio Construction

  • A concentrated portfolio of generally 50–60 stocks
  • A majority of market cap range from $2 billion to $15 billion
  • The average position is 1%–3%, not to exceed 5% 
  • Sector weights 75%–125% relative to the benchmark, generally limited to 30% of portfolio
TEAM

For more information, contact Todd Haschker or the Intermediary Specialist in your region.

COMMENTARY

Q4 2019 Mid Cap Growth Commentary

An onslaught of news including impeachment, a potential China trade agreement, and Brexit gave the market plenty to digest in the year’s final quarter. Support from the Federal Reserve and other central banks provided the stimulus necessary to lift optimism and show signs that the third economic slowdown since the Great Recession had ended. The result - record high stock prices as we closed the decade.

Read Full Baird Mid Cap Growth Commentary

PERFORMANCE

Annualized Returns (%)*

 3 MonthsYTD1-Year3-Year5-Year10-YearSince InceptionInception Date
Baird Mid Cap Growth Equity (gross) 6.01 37.43 37.43 20.40 12.54 15.09 12.44 6/30/93
Baird Mid Cap Growth Equity (net) 5.82 36.47 36.47 19.54 11.73 14.33 11.81 6/30/93
Russell MidCap® Growth Index 8.17 35.47 35.47 17.36 11.60 14.24 10.27

*Returns less than one year are not annualized.



Annual Total Returns (%)

20192018201720162015201420132012201120102009
Baird Mid Cap Growth Equity (gross) 37.43 -0.79 28.00 6.37 -2.78 5.80 34.13 17.64 5.60 28.17 41.75
Baird Mid Cap Growth Equity (net) 36.47 -1.50  27.10  5.63 -3.49 5.06 33.09 16.79 5.06 27.70  41.14
Russell Midcap Growth Index 35.47 -4.75 25.27 7.33 -0.20  11.90  35.75 15.82 -1.66 26.38 46.29

Data as of 12/31/19


Past performance does not guarantee future results.