“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.
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.
While the full-quarter results still lagged the benchmark, we were encouraged by the portfolio’s outperformance during the strong move into year-end as we saw the breadth of positive performance spread more evenly across sectors.
There were various drivers of underperformance in the quarter, as there were a multitude of factors that changed significantly, particularly in December. These factors were broadly negative for our style of management as more highly levered, lower-margin, and lower-earnings growth companies outperformed.
True SMID portfolio, experienced team, and time-tested, risk-controlled process deliver strong results for clients.