Baird Intermediate Bond Fund Month End Holdings as of 8/31/2021

Security ID Description Units Market Value 00203QAE7 A P MOELLER MAERSK A S 4,207,000 4,919,363.91 00080QAF2 ABN AMRO N.V. 24,973,000 27,927,305.90 007944AF8 ADVENTIST HEALTH SYS WEST 250,000 265,892.66 00774MAM7 AERCAP IRELAND CAPITAL LIMITED 5,000,000 5,214,707.90 00817YAV0 AETNA INC NEW 4,010,000 4,160,504.96 00846UAK7 AGILENT TECHNOLOGIES INC 1,495,000 1,611,065.98 00131LAB1 AIA GROUP LTD HONG KONG 3,000,000 3,194,598.66 00912XAX2 AIR LEASE CORP 250,000 257,337.16 00914AAD4 AIR LEASE CORP 3,800,000 3,891,482.87 01026CAC5 ALABAMA ECONOMIC SETTLEMENT AU 3,305,000 3,482,127.51 01748TAB7 ALLEGION PLC 3,160,000 3,476,330.16 01748NAD6 ALLEGION US HLDG CO INC 4,748,000 5,046,775.69 081437AT2 AMCOR FLEXIBLES NORTH AMER INC 4,525,000 4,701,711.97 026874CU9 AMERICAN INTL GROUP INC 6,000,000 6,203,019.78 026874CY1 AMERICAN INTL GROUP INC 1,000,000 1,082,946.95 026874DD6 AMERICAN INTL GROUP INC 225,000 246,726.82 03115AAA1 AMFAM HOLDINGS INC 7,000,000 7,259,730.17 03215PDN6 AMRESCO RESIDENTIAL SECS 98-1 21 21.51 034863AZ3 ANGLO AMERICAN CAPITAL PLC 6,500,000 6,586,853.91 03522AAG5 ANHEUSER-BUSCH COS LLC / ANHEU 3,945,000 4,355,719.08 035240AQ3 ANHEUSER-BUSCH INBEV WLDW INC 910,000 1,081,903.82 036752AC7 ANTHEM INC 10,225,000 11,040,617.58 036752AJ2 ANTHEM INC 12,000,000 12,556,041.00 03938LBA1 ARCELORMITTAL SA LUXEMBOURG 4,015,000 4,547,309.74 040104PB1 ARGENT SECS INC 2005-W3 138,240 138,127.83 045054AJ2 ASHTEAD CAPITAL INC 4,536,000 4,817,478.12 045054AN3 ASHTEAD CAPITAL INC 10,075,000 10,049,466.52 00206RGQ9 AT&T INC 9,604,000 11,173,463.49 00206RHJ4 AT&T INC 2,150,000 2,492,944.33 00206RKH4 AT&T INC 8,975,000 8,918,769.29 00206RMF6 AT&T INC 2,874,000 2,888,613.63 052113AA5 AUSGRID FIN PTY LTD 6,200,000 6,453,279.11 05351WAB9 AVANGRID INC 10,975,000 12,377,395.60 05948K3Q0 BA ALTERNATIVE LN TR 2006-2 20,198 19,529.13 06051GBM0 BANC AMERICA FDG 2004-2 1,134,544 1,223,989.30 05971KAA7 S A 5,000,000 5,725,107.25 05964HAC9 BANCO SANTANDER SA 4,400,000 4,484,983.18 05971KAG4 BANCO SANTANDER SA 4,000,000 4,020,856.52 06541XAD2 BANK 2017-BNK7 1,300,000 1,399,319.09 06540RAE4 BANK 2017-BNK9 9,275,000 10,357,915.61 065404BB0 BANK 2018-BNK10 895,000 1,005,342.40 06407EAA3 BANK NEW ZEALAND 5,000,000 5,346,971.80 064159HB5 BANK NOVA SCOTIA B C 7,000,000 7,932,070.86 06367WHH9 10,000,000 10,665,731.70 064159VK9 BANK OF NOVA SCOTIA 10,000,000 10,218,532.60 065606AC9 BANK OF THE WST AUTO TR 2019-1 5,279,803 5,334,787.64 06675FAR8 BANQUE FED DU CRED MUTUEL 8,000,000 8,486,880.00 06738EAS4 BARCLAYS PLC 7,350,000 7,436,121.42 Page 1 of 13 Baird Intermediate Bond Fund Month End Holdings as of 8/31/2021

Security ID Description Units Market Value 06738EAU9 BARCLAYS PLC 8,790,000 9,907,533.35 06738EBH7 BARCLAYS PLC 4,500,000 4,849,615.35 07274NAW3 BAYER US FIN II LLC 250,000 265,243.99 20453KAA3 BBVA USA BIRMINGHAM ALA 4,200,000 4,629,224.38 20453KAB1 BBVA USA BIRMINGHAM ALA 3,475,000 3,541,961.83 07384MS78 ARM TR 2004-5 558,250 576,723.53 075887AN9 BECTON DICKINSON & CO 9,275,000 11,961,271.13 084659AT8 BERKSHIRE HATHAWAY ENERGY CO S 14,925,000 16,492,181.86 086257PV8 BERWYN ILL 430,000 435,987.71 086257PW6 BERWYN ILL 1,280,000 1,298,584.58 06051GEU9 BK OF AMERICA CORP 4,710,000 4,904,840.31 06051GFF1 BK OF AMERICA CORP 1,785,000 1,940,994.24 06051GGL7 BK OF AMERICA CORP 5,050,000 5,597,634.83 06051GGQ6 BK OF AMERICA CORP 3,500,000 3,575,101.78 06051GGT0 BK OF AMERICA CORP 3,295,000 3,508,825.40 06051GHD4 BK OF AMERICA CORP 1,689,000 1,854,995.56 06051GHL6 BK OF AMERICA CORP 10,000,000 10,600,077.80 06051GHR3 BK OF AMERICA CORP 5,060,000 5,401,284.15 06051GJS9 BK OF AMERICA CORP 5,000,000 5,066,725.35 06051GJZ3 BK OF AMERICA CORP 4,000,000 4,057,503.96 05565AAR4 BNP PARIBAS 8,288,000 9,250,126.16 09659W2D5 BNP PARIBAS 250,000 268,137.31 09659W2J2 BNP PARIBAS 5,000,000 5,252,450.00 09659W2N3 BNP PARIBAS 4,000,000 3,967,070.64 09659W2P8 BNP PARIBAS 3,000,000 3,111,925.20 05579HAJ1 BNZ INTL FDG LTD LONDON BRH 2,000,000 2,087,779.72 096630AE8 BOARDWALK PIPELINES LP 11,420,000 13,456,421.14 096630AG3 BOARDWALK PIPELINES LP 1,750,000 2,023,652.17 096630AH1 BOARDWALK PIPELINES LP 225,000 239,924.48 10112RAZ7 BOSTON PPTYS LTD PARTNERSHIP S 12,400,000 13,241,258.66 05578DAG7 BPCE S A 3,500,000 3,813,803.95 05578QAA1 BPCE S A 5,375,000 5,904,830.41 05578QAC7 BPCE S A 10,225,000 11,181,067.15 11135FBB6 BROADCOM INC 10,000,000 10,708,529.20 11135FBD2 BROADCOM INC 8,000,000 9,475,548.80 11135FBH3 BROADCOM INC 10,000,000 9,910,154.50 115236AA9 BROWN & BROWN INC 10,461,000 11,434,262.88 115236AB7 BROWN & BROWN INC 8,597,000 9,868,425.55 115236AC5 BROWN & BROWN INC 3,500,000 3,543,546.20 120568AZ3 BUNGE LTD FIN CORP 5,225,000 5,804,814.23 12541WAA8 C H ROBINSON WORLDWIDE IN 12,300,000 14,080,661.90 134429BF5 CAMPBELL SOUP CO 8,000,000 8,781,712.24 14040HBU8 CAPITAL ONE FINL CORP 250,000 259,356.74 14040HCE3 CAPITAL ONE FINL CORP 3,000,000 3,348,333.72 14448CAN4 CARRIER GLOBAL CORPORATION 13,275,000 13,832,024.31 125039AD9 CD MTG TR 2017-CD6 10,723,000 11,562,276.34 15135BAY7 CENTENE CORP DEL 4,575,000 4,641,165.94 155751CT5 CENTRAL VALLEY SUPPORT SVCS JT 2,000,000 2,094,167.80 Page 2 of 13 Baird Intermediate Bond Fund Month End Holdings as of 8/31/2021

Security ID Description Units Market Value 161175AY0 CHARTER COMMUNICATIONS OPER 1,502,000 1,699,506.06 161175BB9 CHARTER COMMUNICATIONS OPER 10,548,000 10,852,930.66 161175BJ2 CHARTER COMMUNICATIONS OPER 5,830,000 6,448,420.69 161175BK9 CHARTER COMMUNICATIONS OPER 2,070,000 2,342,856.53 161175BR4 CHARTER COMMUNICATIONS OPER 3,000,000 3,552,279.45 16412XAG0 CHENIERE CORPUS CHRISTI HLDGS 2,000,000 2,326,006.56 125523BV1 CIGNA CORP NEW 5,905,000 6,156,950.41 17323CAE7 CITGRP COML MTG TR 2015-GC27 A 13,810,576 14,738,786.19 17324KAP3 CITGRP COML MTG TR 2015-GC35 A 15,210,000 16,797,169.58 172967HT1 INC 500,000 542,214.88 172967KY6 CITIGROUP INC 5,000,000 5,444,304.30 172967LD1 CITIGROUP INC 9,000,000 10,023,031.80 172967LG4 CITIGROUP INC 250,000 253,546.13 172967LM1 CITIGROUP INC 2,000,000 2,043,526.60 172967MF5 CITIGROUP INC 10,040,000 10,700,619.55 17320DAG3 CITIGRP COML MTG TR 2013-GCJ11 11,725,000 12,101,774.67 75524KNH3 CITIZENS BK NA PROVIDENCE RI S 19,000,000 19,882,610.80 12564CAA4 CK HUTCHISON INTERNATIONAL 19 10,000,000 10,611,010.80 12565WAB7 CK HUTCHISON INTL 21 LTD 5,000,000 5,145,598.70 126117AE0 CNA FINL CORP 1,980,000 2,262,924.22 126117AT7 CNA FINL CORP 5,070,000 5,742,973.29 126117AV2 CNA FINL CORP 4,000,000 4,506,768.68 12594KAA0 CNH INDL N V 5,000,000 5,360,457.15 12594KAB8 CNH INDL N V 2,243,000 2,501,539.66 12592BAG9 CNH INDUSTRIAL CAPITAL LLC 3,000,000 3,012,030.24 12592BAJ3 CNH INDUSTRIAL CAPITAL LLC 2,800,000 3,019,213.51 12592BAL8 CNH INDUSTRIAL CAPITAL LLC 250,000 255,544.28 191241AH1 COCA-COLA FEMSA SAB DE CV 8,875,000 9,293,012.50 198280AF6 COLUMBIA PIPELINE GROUP INC 880,000 984,497.27 12624KAD8 COMM MTG TR 2012-CCRE2 375,000 379,720.43 12626LAE2 COMM MTG TR 2013-CCRE11 13,025,000 13,916,884.27 12592GBD4 COMM MTG TR 2014-CCRE19 225,000 243,613.87 20268JAA1 COMMONSPIRIT HEALTH 250,000 263,245.00 205887AX0 CONAGRA BRANDS INC 1,140,000 1,686,266.53 205887CB6 CONAGRA BRANDS INC 250,000 282,356.91 21036PAS7 CONSTELLATION BRANDS INC 3,625,000 4,009,727.63 213185JQ5 COOK CNTY ILL 2,345,000 2,368,013.13 21684AAA4 COOPERATIEVE U.A. 5,000,000 5,440,450.00 21684AAC0 COOPERATIEVE RABOBANK U.A. 7,400,000 8,271,831.37 21684AAF3 COOPERATIEVE RABOBANK U.A. 1,276,000 1,411,513.61 21685WDF1 COOPERATIEVE RABOBANK U.A. 2,250,000 2,343,513.31 224044CE5 COX COMMUNICATIONS INC NEW 2,800,000 3,048,516.60 224044CG0 COX COMMUNICATIONS INC NEW 1,927,000 2,097,759.72 22535WAA5 CREDIT AGRICOLE SA LONDON BRH 7,400,000 7,482,031.00 22535WAH0 CREDIT AGRICOLE SA LONDON BRH 4,000,000 3,961,155.28 225401AF5 GROUP 250,000 276,459.65 225433AT8 CREDIT SUISSE GRP FDG GUERNSEY 9,000,000 9,489,550.68 225401AB4 CREDIT SUISSE INTERNATIONAL 1,000,000 1,010,884.97 Page 3 of 13 Baird Intermediate Bond Fund Month End Holdings as of 8/31/2021

Security ID Description Units Market Value 225401AG3 CREDIT SUISSE INTERNATIONAL 4,000,000 4,237,194.48 225401AM0 CREDIT SUISSE INTERNATIONAL 12,395,000 12,901,626.04 22945EAV3 CSAIL COM MTG TR 2021-C20 6,866,000 7,164,760.26 126650BY5 CVS HEALTH CORP 1,947,539 2,375,177.72 126650CX6 CVS HEALTH CORP 5,592,000 6,438,584.01 126650DH0 CVS HEALTH CORP 2,500,000 2,774,337.58 126673WD0 CWABS INC 2005-1 265 265.18 12666RAC4 CWABS INC 2006-9 233,304 237,114.14 233851DN1 DAIMLER FINANCE NORTH AMER LLC 6,800,000 6,841,408.53 233851DY7 DAIMLER FINANCE NORTH AMER LLC 11,000,000 11,210,430.00 2350366M7 DALLAS FORT WORTH TEX INTL ARP 225,000 229,740.53 24703TAA4 DELL INTL LLC/EMC CORP 12,100,000 13,040,450.60 24703TAD8 DELL INTL LLC/EMC CORP 9,000,000 10,748,736.18 24763LFN5 DELTA FDG HM EQ LN TR 1999-2 A 66,081 66,405.13 24906PAA7 DENTSPLY SIRONA INC 10,600,000 11,484,440.79 251526CC1 NY 5,000,000 5,130,848.45 251526CK3 DEUTSCHE BANK NY 5,000,000 5,157,938.10 251526BX6 DEUTSCHE BK AG N Y 7,000,000 7,031,111.78 251526BL2 DEUTSCHE BK AG N Y BRH 5,175,000 5,345,776.45 25243YBD0 DIAGEO CAP PLC 3,275,000 3,299,730.64 254683BZ7 DISCOVER CARD EXE TR 2017-4 4,000,000 4,215,085.20 254709AK4 DISCOVER FINL SVCS 4,200,000 4,571,748.55 254709AL2 DISCOVER FINL SVCS 250,000 271,406.29 254709AM0 DISCOVER FINL SVCS 12,000,000 13,498,920.00 256746AF5 DOLLAR TREE INC 5,050,000 5,310,627.37 260543CN1 DOW CHEMICAL CO 2,515,000 2,856,408.36 26078JAC4 DOWDUPONT INC 4,450,000 5,025,060.86 263534CN7 DU PONT E I DE NEMOURS & CO 10,000,000 10,275,896.10 26441CAJ4 DUKE ENERGY CORP NEW 350,000 356,794.78 266233AJ4 DUQUESNE LT HLDGS INC 12,400,000 12,585,647.22 23355LAC0 DXC TECHNOLOGY CO 5,700,000 6,146,066.27 23355LAK2 DXC TECHNOLOGY CO 4,805,000 5,271,298.87 278865BE9 ECOLAB INC 10,000,000 12,273,758.60 281020AJ6 EDISON INTL 448,000 460,253.33 28167RAC4 EDWARD-ELMHURST HEALTHCARE 6,575,000 6,803,720.38 291011BN3 EMERSON ELEC CO 12,600,000 12,822,202.01 29278GAA6 ENEL FIN INTL N.V. 11,550,000 12,833,239.07 29278GAF5 ENEL FIN INTL N.V. 13,750,000 15,157,235.91 29278NAN3 ENERGY TRANSFER L P 17,931,000 21,166,064.40 29278NAQ6 ENERGY TRANSFER L P 275,000 298,586.62 29278NAG8 ENERGY TRANSFER OPERATING LP S 1,100,000 1,295,764.10 29278NAH6 ENERGY TRANSFER OPERATING LP S 1,000,000 1,086,095.67 29336UAB3 ENLINK MIDSTREAM PARTNERS LP S 10,000,000 10,402,000.00 29364GAL7 ENTERGY CORP NEW 12,425,000 12,980,703.16 29379VBB8 ENTERPRISE PRODS OPER LLC 225,000 241,120.01 294429AQ8 EQUIFAX INC 5,000,000 5,260,665.00 29444UBG0 EQUINIX INC 7,000,000 7,105,912.03 29449WAA5 EQUITABLE FINL LIFE GLOBAL FDG 225,000 227,786.36 Page 4 of 13 Baird Intermediate Bond Fund Month End Holdings as of 8/31/2021

Security ID Description Units Market Value 26885BAB6 EQUITRANS MIDSTREAM CORP 5,000,000 5,097,200.00 26884TAQ5 ERAC USA FINANCE COMPANY 5,075,000 5,093,021.93 30161MAL7 EXELON GENERATION CO LLC 350,000 357,310.00 30219GAM0 EXPRESS SCRIPTS HLDG CO 18,000,000 20,209,361.40 30231GBH4 EXXON MOBIL CORP 11,250,000 12,037,193.66 314890AA2 FERGUSON FIN PLC 5,930,000 6,912,738.10 31292GV45 FHLMC MBS 2,115 2,415.68 3137BBBD1 FHLMC REMIC SERIES K-038 1,775,000 1,893,944.35 3137BFE98 FHLMC REMIC SERIES K-041 4,895,000 5,261,163.62 3137BGK24 FHLMC REMIC SERIES K-043 4,250,000 4,564,309.18 3137BLAC2 FHLMC REMIC SERIES K-048 8,725,000 9,494,322.51 3137BLW95 FHLMC REMIC SERIES K-050 12,375,000 13,523,951.93 3137BUX60 FHLMC REMIC SERIES K-062 21,774,000 24,342,661.36 3137BXQY1 FHLMC REMIC SERIES K-064 1,325,000 1,470,863.55 3137F1G44 FHLMC REMIC SERIES K-065 2,075,000 2,308,611.80 3137F2LJ3 FHLMC REMIC SERIES K-066 170,000 188,217.01 3137FBBX3 FHLMC REMIC SERIES K-068 24,446,000 27,303,527.16 3137FBU79 FHLMC REMIC SERIES K-069 175,000 195,132.19 3137FCLD4 FHLMC REMIC SERIES K-071 7,075,000 7,943,205.80 3137BLUR7 FHLMC REMIC SERIES K-720 16,703,690 16,903,766.41 3137BM6P6 FHLMC REMIC SERIES K-721 238,475 242,810.46 3137BSPW7 FHLMC REMIC SERIES K-723 14,150,547 14,589,270.80 3137BYPQ7 FHLMC REMIC SERIES K-726 130,471 136,785.31 3137FLN34 FHLMC REMIC SERIES K-734 9,475,000 10,327,127.49 312912MK1 FHLMC SERIES 519 529.77 31620MBS4 FIDELITY NATL INFORMATION SVCS 5,000,000 4,999,364.80 337932AK3 FIRSTENERGY CORP 6,450,000 6,546,750.00 33767TAA8 FIRSTKEY HOMES TRUST 2021-SFR2 22,250,000 22,280,001.90 337738AM0 FISERV INC 3,050,000 3,130,655.18 337738AR9 FISERV INC 1,035,000 1,186,290.64 337738BB3 FISERV INC 16,000,000 16,629,966.72 33938XAB1 FLEXTRONICS INTL LTD 4,073,000 4,740,161.23 33938XAC9 FLEXTRONICS INTL LTD 2,165,000 2,362,727.89 302491AR6 FMC CORP 250,000 251,451.99 302491AS4 FMC CORP 4,685,000 5,002,279.87 31358JZT1 FNMA SERIES 73 72.96 31358UEP7 FNMA SERIES 93-032 1,715 1,769.43 345397WF6 FORD MOTOR CREDIT COMPANY 1,545,000 1,589,418.75 345397YL1 FORD MOTOR CREDIT COMPANY 2,000,000 2,020,760.00 345397YQ0 FORD MOTOR CREDIT COMPANY 12,000,000 12,153,000.00 34964CAC0 FORTUNE BRANDS HOME & SECURITY 6,025,000 6,434,869.54 34964CAE6 FORTUNE BRANDS HOME & SECURITY 2,725,000 2,962,889.50 35137LAG0 FOX CORP 5,155,000 5,554,048.55 35671DAZ8 FREEPORT MCMORAN INC 1,100,000 1,137,125.00 35805BAC2 FRESENIUS MED CARE US FIN III 20,000,000 20,188,065.60 36150JAC4 GBG LLC 1,054,000 1,064,555.86 36166NAH6 GE CAP FUNDING LLC 5,000,000 5,659,569.80 37045XAQ9 GENERAL MTRS FINL CO INC 5,325,000 5,338,640.84 Page 5 of 13 Baird Intermediate Bond Fund Month End Holdings as of 8/31/2021

Security ID Description Units Market Value 37045XBS4 GENERAL MTRS FINL CO INC 1,475,000 1,487,850.72 37045XBY1 GENERAL MTRS FINL CO INC 1,225,000 1,249,671.23 37045XCL8 GENERAL MTRS FINL CO INC 1,325,000 1,401,523.36 37045XCP9 GENERAL MTRS FINL CO INC 2,000,000 2,013,983.16 37045XCV6 GENERAL MTRS FINL CO INC 4,000,000 4,226,440.00 37045XCZ7 GENERAL MTRS FINL CO INC 10,000,000 10,196,800.00 37190AAA7 GENPACT LUXEMBOURG S A / GENPA 21,300,000 21,527,699.77 37254BAC4 GENPACT LUXEMBOURG SARL 7,000,000 7,491,581.09 378272AF5 GLENCORE FDG LLC 1,750,000 1,850,642.50 378272AH1 GLENCORE FDG LLC 1,000,000 1,095,206.75 378272AN8 GLENCORE FDG LLC 4,850,000 5,364,796.95 378272AQ1 GLENCORE FDG LLC 1,150,000 1,267,891.10 378272AT5 GLENCORE FDG LLC 5,000,000 5,375,906.45 378272AY4 GLENCORE FDG LLC 6,343,000 6,329,617.92 891906AB5 GLOBAL PMTS INC 2,575,000 2,696,585.09 891906AC3 GLOBAL PMTS INC 4,535,000 5,183,210.63 38141GWL4 GROUP INC 4,000,000 4,442,993.52 38141GWM2 GOLDMAN SACHS GROUP INC 200,000 204,402.00 38141GWQ3 GOLDMAN SACHS GROUP INC 3,500,000 3,747,383.15 38141GWZ3 GOLDMAN SACHS GROUP INC 3,100,000 3,549,194.81 38141GXM1 GOLDMAN SACHS GROUP INC 5,000,000 4,961,281.10 38148LAC0 GOLDMAN SACHS GROUP INC 2,000,000 2,154,440.52 39081HCP5 GREAT LAKES WTR AUTH MICH SEW 2,000,000 2,097,854.20 393505F49 GREEN TREE FINANCIAL MFH 98-4 8,347 8,400.33 40052VAB0 GRUPO BIMBO SAB DE CV 2,017,000 2,046,609.56 40052VAC8 GRUPO BIMBO SAB DE CV 5,340,000 5,764,422.08 36250SAE9 GS MTG SECS TR 2018-GS10 9,372,252 10,827,230.39 40139LAE3 GUARDIAN LIFE GLOBAL FDG MTN F 9,000,000 9,449,907.03 40727TDJ0 HAMILTON CNTY OHIO HEALTH CARE 10,000,000 10,742,738.00 416515BE3 HARTFORD FINL SVCS GROUP INC S 3,825,000 4,063,783.66 42218SAF5 HEALTH CARE SVC CORP 10,000,000 10,143,486.60 42981CAA6 HIGH STR FDG TR I 2018-1 5,000,000 5,662,233.70 40434LAA3 HP INC 18,325,000 19,005,195.60 404280BA6 HSBC HLDGS PLC 2,700,000 2,847,136.85 404280BJ7 HSBC HLDGS PLC 10,140,000 10,298,055.42 404280BX6 HSBC HLDGS PLC 7,485,000 8,313,968.62 404280BZ1 HSBC HLDGS PLC 3,000,000 3,216,932.19 404280CC1 HSBC HLDGS PLC 1,000,000 1,120,964.34 444859BJ0 HUMANA INC 6,525,000 6,719,809.81 445658CF2 HUNT J B TRANS SVCS INC 3,000,000 3,342,047.40 320844PD9 HUNTINGTON NATL BK COLUMBUS 5,450,000 6,174,353.18 448055AP8 HUSKY ENERGY INC 5,000,000 5,627,481.65 44841CAB0 HUTCHISON WHAMPOA INTL 11 LTD 7,000,000 7,104,166.23 44935SAC0 HYUNDAI AUTO LEASE TR 2020-A A 12,444,220 12,513,510.30 44891ABS5 HYUNDAI CAP AMER 5,825,000 5,763,031.15 449670EB0 IMC HOME EQUITY LN TR 1998-1 A 188 188.89 45506D4B8 INDIANA ST FIN AUTH REV 200,000 203,700.34 45674CAB9 INFOR INC. 250,000 252,885.61 Page 6 of 13 Baird Intermediate Bond Fund Month End Holdings as of 8/31/2021

Security ID Description Units Market Value 456837AP8 ING GROEP NV 4,000,000 4,299,288.12 456866AK8 INGERSOLL-RAND CO LTD 1,195,000 1,459,217.07 459200JZ5 INTERNATIONAL BUSINESS MACHS S 6,150,000 6,770,613.66 459506AP6 INTERNATIONAL FLAVORS&FRAGRANC 10,000,000 10,075,852.40 46132FAA8 INVESCO FINANCE PLC 5,000,000 5,169,613.65 465685AQ8 ITC HLDGS CORP 15,717,000 16,710,819.54 46849LSS1 JACKSON NATL LIFE GLOBAL FDG F 10,350,000 10,998,104.58 472319AE2 INC 3,075,000 3,841,433.79 47233JAG3 JEFFERIES GROUP LLC / JEFFERIE 1,425,000 1,661,894.55 41020VAA9 JOHN HANCOCK LIFE INSURANCE CO 11,650,000 13,459,923.03 478375AF5 JOHNSON CONTROLS INTERNATION S 6,000 6,000.00 46627MCU9 JP MORGAN ALT LN TR 2006-A1 190,290 182,967.64 46639JAF7 JP MORGAN CHASE CMBS 2013-C10 61,534 62,358.86 46639YAP2 JP MORGAN CHASE CMBS 2013-LC11 3,058,423 3,130,854.82 46639YAQ0 JP MORGAN CHASE CMBS 2013-LC11 175,000 180,359.57 46639NAQ4 JPMBB COML MTG SEC TR 2013-C12 3,373,000 3,524,778.93 46640UAC6 JPMBB COML MTG SEC TR 2013-C17 34,350 35,565.11 46643TBJ0 JPMBB COML MTG SEC TR 2014-C2 14,480,202 15,611,601.00 46648KAU0 JPMDB COML MTG SEC TR 2017-C7 5,125,000 5,689,493.64 46625HRW2 JPMORGAN CHASE & CO 5,035,000 5,099,498.35 46647PAY2 JPMORGAN CHASE & CO 20,000,000 21,479,137.20 46647PBF2 JPMORGAN CHASE & CO 13,000,000 13,528,618.61 46647PBH8 JPMORGAN CHASE & CO 7,625,000 7,863,441.30 46647PBK1 JPMORGAN CHASE & CO 3,000,000 3,098,135.85 46647PBL9 JPMORGAN CHASE & CO 1,500,000 1,552,086.39 46647PBT2 JPMORGAN CHASE & CO 5,000,000 4,956,025.25 46647PCB0 JPMORGAN CHASE & CO 7,000,000 7,065,620.17 46647PCC8 JPMORGAN CHASE & CO 5,000,000 5,159,324.40 49245PAA4 KERRY GROUP 5,000,000 5,165,266.30 49327V2A1 KEYBANK NATIONAL ASSOCIATION F 2,200,000 2,411,728.99 49306SAA4 KEYBANK NATIONAL ASSOCIATION S 2,750,000 2,808,030.80 28368EAD8 KINDER MORGAN INC DEL 12,425,000 17,901,782.08 49456BAB7 KINDER MORGAN INC DEL 1,000,000 1,094,259.85 49456BAM3 KINDER MORGAN INC DEL 250,000 258,764.78 423074AF0 KRAFT HEINZ FOODS CO 8,129,000 10,101,106.54 521865AY1 LEAR CORP 1,000,000 1,113,289.57 52206AAD2 LEASEPLAN CORPORATION N V 10,250,000 10,751,801.46 52532XAF2 LEIDOS INC 6,900,000 7,915,404.00 52532XAH8 LEIDOS INC 250,000 246,432.50 526107AE7 LENNOX INTL INC 7,000,000 7,051,277.52 526107AF4 LENNOX INTL INC 175,000 176,022.52 53079EBE3 LIBERTY MUT GROUP INC 966,000 1,027,372.14 53079EBG8 LIBERTY MUT GROUP INC 1,559,000 1,831,862.32 53227JAA2 LIFE STORAGE LP 8,000,000 9,012,898.96 53227JAB0 LIFE STORAGE LP 1,500,000 1,701,714.08 534187BD0 LINCOLN NATL CORP IND 250,000 267,336.50 539439AS8 PLC 4,580,000 4,889,820.28 53944YAP8 LLOYDS BANKING GROUP PLC 8,850,000 8,881,823.18 Page 7 of 13 Baird Intermediate Bond Fund Month End Holdings as of 8/31/2021

Security ID Description Units Market Value 55037AAA6 LUNDIN ENERGY FINANCE B.V. 16,000,000 16,124,347.20 50249AAG8 LYB INTERNATIONAL FIN III LLC 5,000,000 5,083,133.35 55607PAG0 LIMITED 5,000,000 5,067,514.30 55608JAH1 MACQUARIE GROUP LIMITED 5,250,000 5,418,525.00 55608JAL2 MACQUARIE GROUP LIMITED 4,000,000 4,215,020.52 571748BF8 MARSH & MCLENNAN COS INC 1,550,000 1,672,472.10 57563RRU5 MASSACHUSETTS EDL FING AUTH ED 10,000,000 10,080,239.00 57563RRV3 MASSACHUSETTS EDL FING AUTH ED 10,000,000 10,099,394.00 575767AB4 MASSACHUSETTS MUT LIFE 12,053,000 13,213,455.61 55276GAA3 MBIA INS CORP 500,000 90,000.00 59217GAX7 METROPOLITAN LIFE GLOBAL FDG I 1,300,000 1,347,037.72 59333NV26 MIAMI-DADE CNTY FLA SPL OBLIG 2,800,000 2,840,101.04 595017AV6 MICROCHIP TECHNOLOGY INC. 5,000,000 5,005,901.90 595017AZ7 MICROCHIP TECHNOLOGY INC. 10,191,000 10,579,415.90 595112BL6 MICRON TECHNOLOGY INC 6,000,000 6,517,500.00 59833CAA0 MIDWEST CONNECTOR CAP CO LLC S 7,450,000 7,808,084.25 59980XAC1 MILL CITY MTG LN TR 2018-3 126,740 131,237.11 606822BN3 MITSUBISHI UFJ FINANCIAL GROUP 5,000,000 5,200,657.70 606822BY9 MITSUBISHI UFJ FINANCIAL GROUP 5,000,000 5,031,895.60 606822AT1 MITSUBISHI UFJ FINL GROUP INC 2,000,000 2,093,298.52 60688UAB2 MIZUHO FIN GRP CAYMAN 3 7,000,000 7,620,127.55 60687YAS8 MIZUHO FINANCIAL GROUP INC 3,000,000 3,197,954.13 60687YAL3 MIZUHO FINL GROUP INC 5,000,000 5,119,266.40 60700MAC2 MMAF EQUIP FIN 2020-A 6,550,000 6,619,935.66 60856BAC8 MOLEX ELECTRONIC TECHNOLOGIES 250,000 263,448.15 6174468Q5 10,000,000 10,393,442.30 61746BEC6 MORGAN STANLEY 7,000,000 7,099,652.00 61761J3R8 MORGAN STANLEY 4,600,000 4,991,590.92 61945CAC7 MOSAIC CO 8,606,000 9,208,753.91 55336VAJ9 MPLX LP 10,219,000 11,495,003.41 55336VAS9 MPLX LP 3,475,000 4,068,038.18 61767EAE4 MS BOFA ML TR 2017-C34 14,450,000 16,059,438.11 61765TAC7 MS BOFA ML TRUST 2015-C25 190,452 199,493.88 61690AAE4 MS BOFA ML TRUST 2015-C27 28,920,000 31,688,335.19 61766EBC8 MS BOFA ML TRUST 2016-C29 4,707,480 4,957,395.77 61690KAE2 MS BOFAML TRUST 2013-C7 12,980,000 13,305,853.81 61763MAE0 MS BOFAML TRUST 2014-C16 12,635,475 13,287,822.88 628530BK2 MYLAN INC 200,000 230,586.65 632525AU5 NATIONAL AUSTRALIA BK LTD144A 7,575,000 7,419,599.25 63859WAE9 NATIONWIDE BLDG SOC GLOBAL COV 19,900,000 22,028,620.02 63861VAA5 NATIONWIDE BLDG SOC GLOBAL COV 5,000,000 5,227,825.95 638671AC1 NATIONWIDE MUT INS CO 2,195,000 3,131,728.52 62878U2B7 NBN CO LTD 7,000,000 7,216,705.93 64035DAB2 NELNET STUDENT LN TR 2021-A 8,486,880 8,513,193.36 645913BA1 NEW JERSEY ECONOMIC DEV AUTH S 2,000,000 1,997,050.20 646080UV1 NEW JERSEY ST HIGHER ED ASSIST 1,000,000 1,232,862.00 646080UW9 NEW JERSEY ST HIGHER ED ASSIST 1,225,000 1,538,797.84 646080VD0 NEW JERSEY ST HIGHER ED ASSIST 1,600,000 1,972,579.20 Page 8 of 13 Baird Intermediate Bond Fund Month End Holdings as of 8/31/2021

Security ID Description Units Market Value 646080VE8 NEW JERSEY ST HIGHER ED ASSIST 1,205,000 1,513,674.61 646140DG5 NEW JERSEY ST TPK AUTH TPK REV 5,000,000 5,228,878.00 64829KBV1 NEW RESI MTG LN TR 2017-2 2,043,231 2,184,927.21 65000BBW7 NEW YORK ST DORM AUTH REVS NON 1,650,000 1,682,603.34 651229AV8 NEWELL BRANDS INC 3,166,000 3,339,560.12 65339KAS9 NEXTERA ENERGY CAP HLDGS INC S 225,000 225,000.00 653541BA9 NIAGARA N Y AREA DEV CORP REV 1,000,000 1,038,852.60 653541BB7 NIAGARA N Y AREA DEV CORP REV 1,995,000 2,077,024.82 653541BC5 NIAGARA N Y AREA DEV CORP REV 2,060,000 2,128,420.02 653541BD3 NIAGARA N Y AREA DEV CORP REV 2,130,000 2,195,863.01 653541BE1 NIAGARA N Y AREA DEV CORP REV 2,200,000 2,265,498.18 654740BJ7 NISSAN MTR ACCEP CORP 7,210,000 7,222,212.23 65535HAR0 NOMURA HLDGS INC 3,175,000 3,246,171.05 65535HAW9 NOMURA HLDGS INC 10,000,000 10,009,389.00 65557FAD8 NORDEA BK ABP MED TERM NTS 12,850,000 13,366,974.39 658207RX5 NORTH CAROLINA HSG FIN AGY HOM 880,000 893,654.17 6591548H4 NORTH EAST INDPT SCH DIST TEX 2,100,000 2,597,923.23 67077MAJ7 NUTRIEN LTD 1,306,000 1,336,181.66 67078AAC7 NVENT FIN S A R L 18,275,000 19,076,030.90 62947QAW8 NXP B V / NXP FDG LLC 7,000,000 7,224,501.83 62947QAZ1 NXP B V / NXP FDG LLC 5,790,000 6,338,709.62 67087TAC5 OAKWOOD MTG INVESTORS 1999-B A 12,480 12,774.67 674599CW3 OCCIDENTAL PETE CORP 5,000,000 5,125,000.00 674599DN2 OCCIDENTAL PETE CORP 1,288,000 1,461,880.00 67555JAA4 OCHSNER LSU HEALTH SYS NORTH S 5,000,000 5,012,939.25 68233JBU7 ONCOR ELEC DELIVERY CO LLC 6,000,000 6,456,832.62 682680AQ6 ONEOK INC NEW 250,000 251,566.99 682680AR4 ONEOK INC NEW 7,470,000 8,350,980.50 682680AX1 ONEOK INC NEW 3,300,000 3,461,392.57 68389XBU8 ORACLE CORP 10,500,000 11,202,037.25 68389XCD5 ORACLE CORP 3,000,000 3,099,917.58 35177PAL1 ORANGE 4,125,000 6,513,349.59 70462GAB4 PEACEHEALTH 250,000 253,766.22 70466WAA7 PEACHTREE CORNERS FDG TR 6,556,000 7,177,455.50 709599AZ7 PENSKE TRUCK LEASING CO L P 12,000,000 13,106,794.20 709599BG8 PENSKE TRUCK LEASING CO L P 8,000,000 8,403,646.40 709599BJ2 PENSKE TRUCK LEASING CO L P 6,500,000 7,150,079.50 71270QEB8 PEOPLE UTD BK BRIDGEPORT CT 5,000,000 5,363,430.55 714046AG4 PERKINELMER INC 200,000 216,890.38 69335PDX0 PFS FINANCING CORP 2020-G 4,135,000 4,168,129.21 69335PDZ5 PFS FINANCING CORP 2021-A 14,675,000 14,694,966.81 69335PDE2 PFS FING CORP 2019-A 12,125,000 12,320,828.45 718546AW4 PHILLIPS 66 10,000,000 9,853,798.50 718549AB4 PHILLIPS 66 PARTNERS LP 2,000,000 2,150,269.56 718549AH1 PHILLIPS 66 PARTNERS LP 225,000 236,810.79 722844AA5 PINE STR TR I 5,000,000 5,739,414.50 723787AK3 PIONEER NAT RES CO 175,000 178,528.72 693483AD1 POSCO 5,000,000 5,300,000.00 Page 9 of 13 Baird Intermediate Bond Fund Month End Holdings as of 8/31/2021

Security ID Description Units Market Value 74052BAA5 PREMIER HEALTH PARTNERS 12,800,000 13,364,305.15 74251VAM4 PRINCIPAL FINANCIAL GROUP INC 250,000 271,599.52 74256LAU3 PRINCIPAL LIFE GLOBAL FDG II F 7,000,000 7,530,682.88 743674BD4 PROTECTIVE LIFE CORP 1,400,000 1,592,188.70 743917AH9 PRUDENTIAL INS CO AMER 8,300,000 10,371,992.91 75886AAJ7 REGENCY ENERGY PARTNERS LP 1,100,000 1,175,384.67 032165AD4 REGIONS FINANCIAL CORP NEW 630,000 764,723.66 75951AAN8 RELIANCE STD LIFE GLOB FDG II 11,775,000 12,521,989.63 76110HTG4 RESIDENTIAL ACCREDIT 2004-QS6 1,186 1,115.00 76112BHY9 RESIDENTIAL ASSET SEC 2005-RS1 69 68.97 74955EAB5 RGS I&M FUNDING CORP 59,486 60,059.42 776743AD8 ROPER TECHNOLOGIES INC 1,450,000 1,624,031.64 776743AJ5 ROPER TECHNOLOGIES INC 14,675,000 14,626,475.35 780097BK6 ROYAL BK SCOTLND GRP PLC 7,454,000 8,079,457.24 780097BL4 ROYAL BK SCOTLND GRP PLC 6,850,000 7,902,461.67 78009PEH0 ROYAL BK SCOTLND GRP PLC 4,700,000 5,636,164.66 785592AV8 SABINE PASS LIQUEFACTION LLC S 9,955,000 11,751,753.86 785592AX4 SABINE PASS LIQUEFACTION LLC S 4,500,000 5,212,647.14 79586KAD3 SAMARCO MINERACAO SA 1,675,000 1,256,250.00 79727LBT5 SAN DIEGO CALIF CONVENTION CTR 3,440,000 3,542,207.90 79727LBV0 SAN DIEGO CALIF CONVENTION CTR 1,325,000 1,390,266.85 80281LAH8 SANTANDER UK PLC 2,500,000 2,589,381.03 80281LAJ4 SANTANDER UK PLC 5,000,000 5,433,571.40 80283LAA1 SANTANDER UK PLC 3,675,000 3,986,052.00 80687PAA4 SCHNEIDER ELECTRIC SE 2,000,000 2,053,259.70 822582CF7 SHELL INTERNATIONAL FIN BV 5,000,000 5,249,332.25 822582CG5 SHELL INTERNATIONAL FIN BV 5,000,000 5,347,473.30 824348BD7 SHERWIN WILLIAMS CO 3,851,000 4,104,833.00 82481LAC3 SHIRE ACQUISITIONS INVTS IRELA 225,000 234,937.78 78448TAB8 SMBC AVIATION CAP FIN 4,000,000 4,079,120.00 78448TAE2 SMBC AVIATION CAP FIN 6,075,000 6,457,001.10 83192PAA6 SMITH & NEPHEW PLC 5,250,000 5,170,020.24 832248BA5 SMITHFIELD FOODS INC 8,000,000 8,000,479.92 832724AB4 SMURFIT CAP FDG PLC 7,800,000 9,730,500.00 83367TBG3 SOCIETE GENERALE 3,350,000 3,636,412.64 83367TBJ7 SOCIETE GENERALE 9,814,000 10,659,007.78 83368JKF6 SOCIETE GENERALE 225,000 247,138.17 83368RAV4 SOCIETE GENERALE 2,855,000 2,978,747.49 83368RAZ5 SOCIETE GENERALE 7,415,000 7,375,392.63 83368RBC5 SOCIETE GENERALE 10,000,000 10,019,684.10 833794AA8 SODEXO INC 15,000,000 15,204,197.10 834423AB1 SOLVAY FIN AMER LLC 15,995,000 17,904,856.10 83611MAQ1 SOUNDVIEW HM EQ LN 2003-2 838,204 838,512.61 83756CMM4 SOUTH DAKOTA HSG DEV AUTH 710,000 725,473.03 843452AY9 SOUTHERN NAT GAS CO 8,020,000 10,852,086.00 843452AZ6 SOUTHERN NAT GAS CO 2,523,000 3,626,586.29 853254BN9 PLC 4,125,000 4,414,949.92 853254BZ2 STANDARD CHARTERED PLC 4,500,000 4,459,101.66 Page 10 of 13 Baird Intermediate Bond Fund Month End Holdings as of 8/31/2021

Security ID Description Units Market Value 85325WAA6 STANDARD CHARTERED PLC 15,000,000 15,675,071.70 860630AD4 FINL CORP 10,139,000 11,104,832.01 860630AG7 STIFEL FINL CORP 11,970,000 13,409,309.43 86562MCA6 SUMITOMO MITSUI FIN GRP INC 250,000 253,618.83 86562MAY6 SUMITOMO MITSUI FINL GROUP INC 2,094,000 2,334,302.21 87166PAA9 SYNCHRONY CARD ISS TR 2018-1 A 275,000 275,358.02 87165BAD5 SYNCHRONY FINANCIAL 5,275,000 5,725,180.79 87165BAL7 SYNCHRONY FINANCIAL 3,000,000 3,287,173.50 871829AQ0 SYSCO CORP 150,000 152,623.77 87264ABF1 T MOBILE USA INC 5,000,000 5,602,100.00 874246AB7 TALENT YIELD INVTS LTD 3,800,000 3,884,360.65 87233QAB4 TC PIPELINES LP 5,500,000 6,037,053.77 87233QAC2 TC PIPELINES LP 13,850,000 15,404,305.86 883203BX8 TEXTRON INC 250,000 276,898.98 885220ED1 THORNBURG MTG TR 2003-5 1,566,842 1,581,714.66 887389AK0 TIMKEN CO 225,000 255,283.52 89179JAA4 TOWD POINT MORTGAGE TR 2020-4 18,021,722 18,283,844.32 89178BAA2 TOWD POINT MTG TR 2019-4 9,560,133 9,911,906.10 89172PAA7 TOWD PT MTG TR 2016-2 479,923 482,838.28 89173FAA8 TOWD PT MTG TR 2017-1 6,405,200 6,496,318.07 89169EAA7 TOWD PT MTG TR 2017-5 1,883,055 1,884,290.12 89175TAA6 TOWD PT MTG TR 2018-4 103,356 107,380.24 89176LAA2 TOWD PT MTG TR 2018-6 54,691 56,098.45 89177BAA3 TOWD PT MTG TR 2019-1 5,860,592 6,188,066.93 89178YAA2 TOWD PT MTG TR 2020-MH1 10,199,052 10,305,005.89 89237JAA4 TOYOTA AUTO LN EX NT TR 2020-1 225,000 229,552.94 89231XAA9 TOYOTA AUTO LN EXD NT TR 19-1 25,592,000 26,964,240.48 89236TGW9 TOYOTA MTR CR CORP 10,000,000 10,404,120.10 893526DF7 TRANSCANADA PIPELINE STRIP 1,335,000 1,698,510.61 893570BM2 TRANSCONTINENTAL GAS PIPE LINE 4,748,000 6,018,075.66 89641UAC5 TRINITY ACQUISITION PLC 1,125,000 1,267,612.01 89680YAA3 TRITON CONTAINER INTERNATIONAL 10,000,000 10,089,240.00 89680YAD7 TRITON CONTAINER INTERNATIONAL 6,575,000 6,570,692.26 867914BM4 TRUIST FINL CORP 250,000 252,009.69 902494BJ1 TYSON FOODS INC 3,000,000 3,347,053.92 902613AH1 UBS GROUP AG 5,000,000 4,993,932.15 90352JAA1 UBS GROUP FDG SWITZ AG 3,050,000 3,118,120.16 9128283F5 UNITED STATES TREAS NTS 388,300,000 418,514,593.75 9128285M8 UNITED STATES TREAS NTS 167,000,000 190,588,750.00 912828M56 UNITED STATES TREAS NTS 600,825,000 640,700,066.93 912828U24 UNITED STATES TREAS NTS 100,500,000 106,604,590.10 912828W89 UNITED STATES TREAS NTS 101,225,000 102,284,699.22 912828WJ5 UNITED STATES TREAS NTS 369,825,000 391,321,078.13 912828YB0 UNITED STATES TREAS NTS 316,375,000 327,584,068.17 91282CAE1 UNITED STATES TREAS NTS 192,275,000 182,097,943.86 91282CCL3 UNITED STATES TREAS NTS 305,950,000 305,902,195.31 913903AY6 UNIVERSAL HLTH SVCS INC 11,925,000 11,996,798.16 91911TAP8 VALE OVERSEAS LTD 17,637,000 21,267,311.90 Page 11 of 13 Baird Intermediate Bond Fund Month End Holdings as of 8/31/2021

Security ID Description Units Market Value 91911TAQ6 VALE OVERSEAS LTD 7,500,000 7,994,625.00 91913YAU4 VALERO ENERGY CORP 4,985,000 5,367,328.31 92345YAC0 VERISK ANALYTICS INC 250,000 258,951.50 92345YAF3 VERISK ANALYTICS INC 3,000,000 3,431,291.10 92343VDD3 VERIZON COMMUNICATIONS INC 300,000 319,181.75 92343VDY7 VERIZON COMMUNICATIONS INC 3,196,000 3,654,236.73 92343VEN0 VERIZON COMMUNICATIONS INC 853,000 923,569.48 92343VER1 VERIZON COMMUNICATIONS INC 2,051,000 2,394,920.17 92343VEU4 VERIZON COMMUNICATIONS INC 5,628,000 6,473,827.39 92343VFF6 VERIZON COMMUNICATIONS INC 13,000,000 14,064,255.40 92343VGH1 VERIZON COMMUNICATIONS INC 5,675,000 5,825,462.98 92852LAA7 VITERRA FINANCE B.V. 25,000,000 25,259,250.75 92868JAD8 VOLKSWAGEN AUTO LN ENH 2020-1 150,000 151,032.62 928668AP7 VOLKSWAGEN GROUP AMER FIN LLC 8,000,000 8,057,177.60 928668AQ5 VOLKSWAGEN GROUP AMER FIN LLC 1,800,000 1,803,178.21 928668BA9 VOLKSWAGEN GROUP AMER FIN LLC 8,850,000 9,342,764.11 928668BJ0 VOLKSWAGEN GROUP AMER FIN LLC 6,875,000 6,913,614.06 928881AA9 VONTIER CORPORATION 6,300,000 6,306,992.37 929089AB6 VOYA FINANCIAL INC 2,410,000 2,669,503.98 929089AD2 VOYA FINANCIAL INC 3,350,000 3,560,637.05 931427AS7 WALGREENS BOOTS ALLIANCE INC G 6,335,000 6,837,743.00 92922FNH7 WAMU MTG CERT 2004-AR3 1,100,960 1,134,931.73 92922FTY4 WAMU MTG CERT 2004-CB2 1,562,070 1,699,933.89 949746SJ1 & CO 5,000,000 5,066,099.95 95000U2F9 WELLS FARGO & CO 275,000 297,801.83 95000U2K8 WELLS FARGO & CO 5,000,000 5,190,025.40 95000U2N2 WELLS FARGO & CO 16,000,000 16,618,622.88 95000U2R3 WELLS FARGO & CO 5,000,000 5,105,389.75 95000U2S1 WELLS FARGO & CO 10,339,000 10,783,486.95 95000AAU1 WELLS FARGO COM MTG TR 2015-P2 21,019,144 23,220,489.46 95000AAV9 WELLS FARGO COM MTG TR 2015-P2 10,200,219 10,803,712.97 94989AAV7 WELLS FARGO COML TR 2014-LC18 10,838,087 11,287,786.96 94980GBF7 WELLS FARGO HEQ 2004-2 1,133,455 1,123,684.37 958254AH7 WESTERN MIDSTREAM OPER LP 7,195,000 7,752,612.50 960386AH3 WESTINGHOUSE AIR BRAKE TECHNOL 12,302,000 12,974,479.36 960386AL4 WESTINGHOUSE AIR BRAKE TECHNOL 10,775,000 11,572,753.31 960386AM2 WESTINGHOUSE AIR BRAKE TECHNOL 1,500,000 1,745,992.76 960386AQ3 WESTINGHOUSE AIR BRAKE TECHNOL 5,000,000 5,332,946.75 961214EM1 WESTPAC BKG CORP 2,000,000 2,081,308.40 92936QAG3 WFRBS COML MTG TR 2012-C6 1,907,729 1,911,560.77 92937FAE1 WFRBS COML MTG TR 2013-C12 2,424,157 2,464,083.43 92939KAF5 WFRBS COML MTG TR 2014-C24 6,615,926 6,887,229.75 969457BB5 WILLIAMS COS INC 3,400,000 4,740,387.54 969457BU3 WILLIAMS COS INC 1,775,000 1,839,188.67 96950FAM6 WILLIAMS PARTNERS L.P. 9,329,000 10,062,173.39 970648AF8 WILLIS NORTH AMER INC 8,150,000 8,725,605.08 970648AG6 WILLIS NORTH AMER INC 8,500,000 9,834,367.23 974535LZ7 WINNEBAGO & BOONE CNTYS ILL SC 2,200,000 2,403,768.84 Page 12 of 13 Baird Intermediate Bond Fund Month End Holdings as of 8/31/2021

Security ID Description Units Market Value 974535MA1 WINNEBAGO & BOONE CNTYS ILL SC 1,700,000 1,855,943.04 97654MAA4 WIPRO IT SERVICES LLC 9,000,000 9,026,421.57 980236AQ6 WOODSIDE FIN LTD 10,000,000 11,332,493.90 92940PAB0 WRKCO INC 275,000 313,396.82 92940PAE4 WRKCO INC 8,275,000 9,328,055.32 98419MAL4 XYLEM INC 225,000 228,738.41 984851AD7 YARA INTL ASA 650,000 713,533.87 98956PAQ5 ZIMMER BIOMET HOLDINGS INC 10,000,000 10,462,700.00 98978VAB9 ZOETIS INC 7,500,000 7,752,050.10 98978VAK9 ZOETIS INC 2,000,000 2,267,942.08 31607A703 FIDELITY COLCHESTER STR TR 13,124,962 13,124,961.97 31846V211 FIRST AMERN FDS INC 302,308,174 302,308,173.82 Robert W. Baird & Co.

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