Baird Funds Shareholders Elect Independent Directors

Johnson Joins, Feldt and Stratton Retire

MILWAUKEE, April 29, 2024 – Employee-owned Baird announced that Baird Funds, Inc. shareholders elected incumbent independent directors, Marlyn J. Spear (chair), Darren R. Jackson, David J. Lubar, and Cory L. Nettles and new independent director, Leonard R. (Randy) Johnson, to the Baird Funds’ Board of Directors. In addition, independent directors, John W. Feldt and Fred P. Stratton, Jr. will retire from the Board on April 30, 2024, as part of a planned succession after over 23 and 20 years of service, respectively.

Randy Johnson is currently Senior Vice President, Investments at Texas Mutual Insurance Company (“TMIC”). In his role at TMIC, Mr. Johnson chairs the TMIC Investment Committee and is a member of TMIC’s Executive Council. Mr. Johnson has over 40 years of senior-level investment, financial, accounting and management experience.

“Randy brings a wealth of investment industry knowledge and experience. Together, with our continuing directors, the composition of the Board provides a diverse set of skills, experiences and perspectives which benefit our shareholders,” said Baird Advisors Co-Chief Investment Officer and Baird Funds President, Mary Ellen Stanek, CFA. “We’ve long respected Randy for his experience, insights and character and believe he is a tremendous addition to the Board.”

“We also extend a heartfelt thank you to our retiring directors John Feldt and Fred Stratton who have served on the Board for over 20 years. We are grateful for their dedication, wisdom and significant contributions to the Board in service to Baird Funds’ investors.”

About Baird Funds

Baird Funds is a no-load mutual fund family with more than $110 billion in assets as of March 31, 2024. The Baird Funds offer proven track records and a variety of portfolios spanning fixed income and equity asset classes. The ten bond funds and five stock funds feature competitive fees and are managed with a careful focus on risk control. For more information, visit www.bairdfunds.com.

About Baird

Putting clients first since 1919, Baird is an employee-owned, international wealth management, asset management, investment banking/capital markets, and private equity firm with offices in the United States, Europe and Asia. Baird has approximately 5,100 associates serving the needs of individual, corporate, institutional and municipal clients and more than $431 billion in client assets as of December 31, 2023. Committed to being a great workplace, Baird ranked No. 23 on the 2023 Fortune 100 Best Companies to Work For^® list – its 20^th consecutive year on the list. Baird is the marketing name of Baird Financial Group. Baird’s principal operating subsidiaries are Robert W. Baird & Co. Incorporated and Baird Trust Company in the United States and Robert W. Baird Group Ltd. in Europe. Baird also has an operating subsidiary in Asia supporting Baird’s investment banking and private equity operations. For more information, please visit Baird’s website at www.rwbaird.com.

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 read the fund’s prospectus or 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 or visit the fund’s webpage here . Investment minimum for the institutional class is $10,000.

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 or contact your Financial Advisor.