Baird Advisors’ hard work, dedication to clients and commitment to delivering competitive returns was recognized for the third year in a row by Refinitiv Lipper. The fund was named Best Fund Over 3-Years for the period ending November 30, 2021, among 41 short-term municipal debt funds. The Fund also received the award for the 5-Year period ended November 30, 2021, among 38 short-term municipal debt funds. Review most recent fund performance.

The Baird Short-Term Municipal Bond Fund is co-managed by Duane McAllister, CFA, Erik Schleicher, CFA, Joe Czechowicz, CFA and Lyle Fitterer, CFA.

“This is the third year in a row that our municipal team has been recognized with this 3-year award and the second year in a row with the 5-year award,” said Baird Advisors Co-Chief Investment Officer and Baird Funds President Mary Ellen Stanek, CFA. “This recognition demonstrates the team’s consistency across a variety of market environments.”

For more than three decades, the Refinitiv Lipper Fund Awards have recognized funds and for their consistently strong risk-adjusted three-, five-, and ten-year performance relative to peers. Based on Lipper’s quantitative proprietary methodology, the awards reflect a truly independent and uncompromised assessment of fund performance. Find out more at

Said Duane McAllister, Managing Director and Senior Portfolio Manager, “As we enter 2022, we are blessed with a deep bench of municipal investing specialists who have experienced a variety of markets—good and bad. We’re focused on delivering the consistent results municipal investors expect.” The team recently discussed their current outlook in a brief video conversation:


Performance data represents past performance and does not guarantee future results. The investment return and principal value of the investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Current performance data may be lower or higher than the data quoted. To obtain the fund’s performance to the most recent month end, SEC 30-day yield information, any sales charges, maximum sales charges, loads, fees, total annual operating expense ratio, gross of any fee waivers or expense reimbursements as stated in the fee table contact Baird directly at 866-442-2473.

Investors should consider the investment objectives, risks, charges and expenses of each fund carefully before investing. This and other information is found in the prospectus and summary prospectus. For a prospectus or summary prospectus, contact Baird directly at 866-442-2473. Please read the prospectus or summary prospectus carefully before investing.

The Refinitiv Lipper Fund Awards, granted annually, highlight funds and fund companies that have excelled in delivering consistently strong risk-adjusted performance relative to their peers. The Refinitiv Lipper Fund Awards are based on the Lipper Leader for Consistent Return rating, which is a risk-adjusted performance measure calculated over 36, 60 and 120 months. The fund with the highest Lipper Leader for Consistent Return (Effective Return) value in each eligible classification wins the Refinitiv Lipper Fund Award. For more information, see  Although Refinitiv Lipper makes reasonable efforts to ensure the accuracy and reliability of the data contained herein, the accuracy is not guaranteed by Refinitiv Lipper.

Refinitiv Lipper Fund Awards, ©2022 Refinitiv. All rights reserved. Used under license.