International Growth Fund
Overview
The Baird Chautauqua International Growth Fund invests primarily in equity securities of non-U.S. companies with medium to large market capitalizations (i.e., those with market capitalizations in excess of U.S. $5 billion at the time of purchase). Equity securities in which the Fund may invest include common stocks, preferred stocks, depository shares and receipts, rights, warrants and exchange-traded funds (ETFs). Under normal market conditions, the Fund will invest at least 65% of its total assets at the time of purchase in non-U.S. companies. The Fund will normally be diversified among at least three countries other than the United States. The Fund invests primarily in developed markets but may invest in emerging and less developed markets. In evaluating potential investments, the advisor considers companies with growth characteristics that the advisor believes are likely to benefit from current macroeconomic and global trends and sustainable competitive advantages. The Fund will normally hold a concentrated number (generally 25 to 35) of companies.
Awards

The Baird Chautauqua International Growth Fund (Institutional Class) received a Bronze Morningstar Analyst Rating.™ The Fund’s Investor Share Class received a Bronze Morningstar Analyst Rating.™

Barron’s recently featured the fund in an article titled “An International Stock Fund Weathers the Storm.”
Performance
1 Month | 3 Month | YTD | 1 Year | 3 Years | 5 Years | Since Inception | |
---|---|---|---|---|---|---|---|
International Growth Fund | 0.59 | 2.09 | 12.44 | 11.52 | 14.83 | 7.66 | 9.49 |
MSCI AC World Index ex-U.S. | 1.74 | 0.57 | 8.72 | 3.05 | 9.74 | 2.50 | 5.81 |
Morningstar Ratings
Category | Overall | 3 Year | 5 Year | |
---|---|---|---|---|
International Growth Fund | Foreign Large Growth |
(403 funds)
|
(403 funds)
|
(350 funds)
|
Distributions
Type | Record Date | Reinvest Date | Payable Date | Amount per Share ($) | Reinvest Price ($) |
---|---|---|---|---|---|
Income | 12/27/2022 | 12/28/2022 | 12/29/2022 | 0.02599239 | 14.98 |
Short Term Capital Gain | 12/14/2022 | 12/15/2022 | 12/16/2022 | 0.05376000 | 15.52 |
Long Term Capital Gain | 12/14/2022 | 12/15/2022 | 12/16/2022 | 0.05559000 | 15.52 |
Portfolio Characteristics
Security | % of Fund |
---|---|
Novo Nordisk A/S | 5.41% |
Constellation Software Inc. | 5.17% |
ASML Holding | 4.47% |
Fairfax Financial Holdings Limited | 4.29% |
Waste Connections, Inc. | 4.03% |
Taiwan Semiconductor | 4.02% |
Adyen | 4.00% |
HDFC Bank | 3.94% |
Safran S.A. | 3.80% |
Tata Consultancy Services | 3.79% |