“We believe companies that are more profitable, better financed and faster growing than their peers will outperform over the long term.”
– Chuck Severson, CFA , Senior Portfolio Manager
Sound, Long Standing Philosophy
We have a focused, stable, and experienced investment team with all resources and effort dedicated to our high quality growth investment style. Our team is composed of industry veterans that have deep institutional knowledge of small and mid cap companies and most have spent the majority of their careers in the sectors they cover. In addition, much of the team has significant history working together at Baird. This fosters a team structure and culture that promotes collaboration, robust dialogue, and efficient decision-making.
We are a high-quality, traditional growth manager with a strong emphasis on risk control and a long-term perspective. Our primary investment goal is to provide consistent, superior-to-market returns at a risk posture less than that of the benchmark.
A proprietary “PRIME” model enables the team to identify companies with better growth prospects and capital structures than peers. The hallmark of this disciplined approach is to maintain a long-term perspective while investing in established companies with proven management.
Senior portfolio managers, Chuck Severson and Ken Hemauer, talk about the 25-plus year history of the strategy and how its investment philosophy and process have stood the test of time.
Jonathan Good, MBA
Chuck Severson, CFA
Kenneth Hemauer, CFA
BMDIX/BMDSX Baird Mid Cap Growth Fund
Growth oriented and managed with a strong emphasis on risk control and long-term perspective. The Fund has been consistently managed by a dedicated team with extensive knowledge in the mid-cap space and an average of 20 years' investment experience.
The portfolio outpaced its benchmark, the Russell MidCap® Growth Index, in the fourth quarter. More profitable companies outperformed again, particularly within computer services and software.
The portfolio had one of the strongest quarters in its history versus its benchmark, the Russell 2500 Growth Index. Stock picking was the key driver of outperformance.