Baird Equity Opportunity Fund Investor Class 

This fund primarily invests in equity securities, typically committing a minimum of 80% of its net assets—including any capital borrowed for investment purposes—to stocks and equity-related instruments. While its primary geographical allocation is to U.S. companies, it also has the flexibility to invest up to 15% of its total assets in foreign equity securities. The range of permissible equity investments is broad, encompassing common and preferred stocks, American Depositary Receipts (ADRs) or comparable depositary shares, rights, warrants, exchange-traded funds (ETFs), and options whose underlying assets are individual equities or equity indexes. Notably, this fund operates as a non-diversified investment vehicle.