Overview


Benchmark: Russell 2000® Value Index
Inception Date: 3/1/05

Baird Equity Asset Management’s Small Cap Value portfolio invests in domestic small-cap companies and seeks to provide superior risk-adjusted returns and consistently outperform the benchmark Russell 2000 Value Index over a full market cycle (typically 3–5 years). The portfolio comprises companies we expect to exceed street expectations and that trade at discounts to our proprietary calculations of fair value. To help control risks, the portfolio is generally diversified among companies in a broad range of industries and economic sectors.

Portfolio Construction

  • A concentrated portfolio of generally 40–50 stocks
  • A market cap range typically from $100 million to $2.5 billion at purchase 
  • Top holdings generally limited to 5% at cost, 8% at market
  • Sectors capped at 30% excluding financials 
  • A buy-and-hold approach
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Performance

ALL DATA AS OF 9/30/2021
QTR YTD 1 Year 3 Years 5 Years 10 Years Since Inception
Baird Small Cap Value (Gross) -0.95 11.98 42.83 3.87 8.13 11.29 8.67
Baird Small Cap Value (Net) -1.07 11.59 42.23 3.38 7.60 10.70 7.89
Russell 2000 Value Index -2.98 22.92 63.92 8.59 11.03 13.22 7.99
2020 2019 2018 2017 2016 2015 2014 2013 2012 2011
Baird Small Cap Value (Gross) 2.78 18.43 -14.88 19.43 16.35 -4.06 1.45 41.48 16.51 4.76
Baird Small Cap Value (Net) 2.30 17.75 -15.23 18.78 15.76 -4.56 0.89 40.81 15.77 3.72
Russell 2000 Value Index 4.63 22.39 -12.86 7.84 31.74 -7.47 4.22 34.50 18.05 -5.50
  • Disclosure

    Annualized Returns
    Returns less than one year are not annualized.

    Past performance does not guarantee future results.