# EDGAR Filing Document

**Accession Number:** 0001282693
**File Stem:** 0000894189-25-015334
**Filing Date:** 2025-11
**Character Count:** 32984
**Document Hash:** b3b0e0418422e4a4254084a42fe9602f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894189-25-015334.hdr.sgml**: 20251125

**ACCESSION NUMBER**: 0000894189-25-015334

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251125

**DATE AS OF CHANGE**: 20251125

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BAIRD FUNDS INC
- **CENTRAL INDEX KEY:** 0001282693

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** WI
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-09997
- **FILM NUMBER:** 251522281

**BUSINESS ADDRESS:**
- **STREET 1:** 777 EAST WISCONSIN AVENUE
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202
- **BUSINESS PHONE:** 414-765-3500

**MAIL ADDRESS:**
- **STREET 1:** 777 EAST WISCONSIN AVENUE
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202

## Series and Classes Contracts Data

### Baird Chautauqua Global Growth Fund (Series ID: S000053415)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000168049 | Investor Class      | CCGSX           |
| C000168050 | Institutional Class | CCGIX           |

## Nport-Ex

---

| | | | |
|:---|:---|:---|:---|
| **Baird Chautauqua Global Growth Fund** | **Baird Chautauqua Global Growth Fund** | **Baird Chautauqua Global Growth Fund** | **Baird Chautauqua Global Growth Fund** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **September 30, 2025 (Unaudited)** | **September 30, 2025 (Unaudited)** | **September 30, 2025 (Unaudited)** | **September 30, 2025 (Unaudited)** |
| **COMMON STOCKS - 98.6%** | **COMMON STOCKS - 98.6%** | **Shares** | **Value**  |
| **<u>Canada</u> - 9.6%** | **<u>Canada</u> - 9.6%** | **<u>Canada</u> - 9.6%** | |
| **Ground Transportation - 1.8%** | **Ground Transportation - 1.8%** | | |
| Canadian Pacific Kansas City Ltd. | Canadian Pacific Kansas City Ltd. | 106350 | $7922011 |
|  |  |  | $– |
| **Independent Power and Renewable Electricity Producers - 2.3%** | **Independent Power and Renewable Electricity Producers - 2.3%** |  |  |
| Brookfield Renewable Corp. | Brookfield Renewable Corp. | 287381 | 9891654 |
|  |  |  | $– |
| **Insurance - 2.3%** | **Insurance - 2.3%** |  |  |
| Fairfax Financial Holdings Ltd. | Fairfax Financial Holdings Ltd. | 5811 | 10166432 |
|  |  |  | $– |
| **Software - 3.2%** | **Software - 3.2%** |  |  |
| Constellation Software, Inc. | Constellation Software, Inc. | 5184 | 14072752 |
| **Total Canada** | **Total Canada** | **Total Canada** | 42052849 |
| **<u>China</u> - 13.0%** | **<u>China</u> - 13.0%** | **<u>China</u> - 13.0%** |  |
| **Biotechnology - 3.2%** | **Biotechnology - 3.2%** |  |  |
| BeOne Medicines Ltd. - ADR <sup>(a)</sup> | BeOne Medicines Ltd. - ADR <sup>(a)</sup> | 40738 | 13879437 |
|  |  |  | $– |
| **Broadline Retail - 6.0%** | **Broadline Retail - 6.0%** |  |  |
| Alibaba Group Holding Ltd. - ADR | Alibaba Group Holding Ltd. - ADR | 61366 | 10967945 |
| Prosus NV | Prosus NV | 216259 | 15292811 |
|  |  |  | 26260756 |
| **Life Sciences Tools & Services - 1.9%** | **Life Sciences Tools & Services - 1.9%** |  |  |
| Wuxi Biologics Cayman, Inc. <sup>(a)(b)</sup> | Wuxi Biologics Cayman, Inc. <sup>(a)(b)</sup> | 1611922 | 8511776 |
|  |  |  | $– |
| **Real Estate Management & Development - 1.9%** | **Real Estate Management & Development - 1.9%** |  |  |
| KE Holdings, Inc. - ADR | KE Holdings, Inc. - ADR | 427701 | 8126319 |
| **Total China** | **Total China** | **Total China** | 56778288 |
| **<u>Denmark</u> - 6.5%** | **<u>Denmark</u> - 6.5%** | **<u>Denmark</u> - 6.5%** |  |
| **Biotechnology - 2.6%** | **Biotechnology - 2.6%** |  |  |
| Genmab AS <sup>(a)</sup> | Genmab AS <sup>(a)</sup> | 36877 | 11378334 |
|  |  |  | $– |
| **Health Care Equipment & Supplies - 1.4%** | **Health Care Equipment & Supplies - 1.4%** |  |  |
| Coloplast AS - Class B | Coloplast AS - Class B | 69792 | 6015380 |
|  |  |  | $– |
| **Pharmaceuticals - 2.5%** | **Pharmaceuticals - 2.5%** |  |  |
| Novo Nordisk AS - ADR | Novo Nordisk AS - ADR | 202316 | 11226515 |
| **Total Denmark** | **Total Denmark** | **Total Denmark** | 28620229 |
| **<u>France</u> - 3.3%** | **<u>France</u> - 3.3%** | **<u>France</u> - 3.3%** |  |
| **Aerospace & Defense - 3.3%** | **Aerospace & Defense - 3.3%** |  |  |
| Safran SA | Safran SA | 40828 | 14488636 |
| **<u>India</u> - 4.2%** | **<u>India</u> - 4.2%** | **<u>India</u> - 4.2%** |  |
| **Banks - 2.4%** | **Banks - 2.4%** |  |  |
| HDFC Bank Ltd. - ADR | HDFC Bank Ltd. - ADR | 308260 | 10530162 |
|  |  |  | $– |
| **IT Services - 1.8%** | **IT Services - 1.8%** |  |  |
| Tata Consultancy Services Ltd. | Tata Consultancy Services Ltd. | 238988 | 7778898 |
| **Total India** | **Total India** | **Total India** | 18309060 |
| **<u>Indonesia</u> - 1.7%** | **<u>Indonesia</u> - 1.7%** | **<u>Indonesia</u> - 1.7%** |  |
| **Banks - 1.7%** | **Banks - 1.7%** |  |  |
| Bank Rakyat Indonesia Persero Tbk PT | Bank Rakyat Indonesia Persero Tbk PT | 30908873 | 7244499 |
| **<u>Italy</u> - 2.6%** | **<u>Italy</u> - 2.6%** | **<u>Italy</u> - 2.6%** |  |
| **Passenger Airlines - 2.6%** | **Passenger Airlines - 2.6%** |  |  |
| Ryanair Holdings PLC - ADR | Ryanair Holdings PLC - ADR | 187184 | 11272220 |
| **<u>Japan</u> - 8.1%** | **<u>Japan</u> - 8.1%** | **<u>Japan</u> - 8.1%** |  |
| **Automobiles - 2.7%** | **Automobiles - 2.7%** |  |  |
| Suzuki Motor Corp. | Suzuki Motor Corp. | 791815 | 11527943 |
|  |  |  | $– |
| **Electronic Equipment, Instruments & Components - 1.7%** | **Electronic Equipment, Instruments & Components - 1.7%** |  |  |
| Keyence Corp. | Keyence Corp. | 20337 | 7576771 |
|  |  |  | $– |
| **Machinery - 1.9%** | **Machinery - 1.9%** |  |  |
| FANUC Corp. | FANUC Corp. | 283152 | 8136926 |
|  |  |  | $– |
| **Professional Services - 1.8%** | **Professional Services - 1.8%** |  |  |
| Recruit Holdings Co. Ltd. | Recruit Holdings Co. Ltd. | 149196 | 8021355 |
| **Total Japan** | **Total Japan** | **Total Japan** | 35262995 |
| **<u>Netherlands</u> - 5.7%** | **<u>Netherlands</u> - 5.7%** | **<u>Netherlands</u> - 5.7%** |  |
| **Financial Services - 2.8%** | **Financial Services - 2.8%** |  |  |
| Adyen NV <sup>(a)(b)</sup> | Adyen NV <sup>(a)(b)</sup> | 7438 | 11968363 |
|  |  |  | $– |
| **Semiconductors & Semiconductor Equipment - 2.9%** | **Semiconductors & Semiconductor Equipment - 2.9%** |  |  |
| ASML Holding NV | ASML Holding NV | 13248 | 12825256 |
| **Total Netherlands** | **Total Netherlands** | **Total Netherlands** | 24793619 |
| **<u>Singapore</u> - 5.9%** | **<u>Singapore</u> - 5.9%** | **<u>Singapore</u> - 5.9%** |  |
| **Banks - 2.8%** | **Banks - 2.8%** |  |  |
| DBS Group Holdings Ltd. | DBS Group Holdings Ltd. | 303880 | 12051215 |
|  |  |  | $– |
| **Broadline Retail - 3.1%** | **Broadline Retail - 3.1%** |  |  |
| Sea Ltd. - ADR <sup>(a)</sup> | Sea Ltd. - ADR <sup>(a)</sup> | 76021 | 13587233 |
| **Total Singapore** | **Total Singapore** | **Total Singapore** | 25638448 |
| **<u>Switzerland</u> - 1.1%** | **<u>Switzerland</u> - 1.1%** | **<u>Switzerland</u> - 1.1%** |  |
| **Software - 1.1%** | **Software - 1.1%** |  |  |
| Temenos AG | Temenos AG | 58171 | 4724606 |
| **<u>Taiwan, Province Of China</u> - 2.6%** | **<u>Taiwan, Province Of China</u> - 2.6%** | **<u>Taiwan, Province Of China</u> - 2.6%** |  |
| **Semiconductors & Semiconductor Equipment - 2.6%** | **Semiconductors & Semiconductor Equipment - 2.6%** |  |  |
| Taiwan Semiconductor Manufacturing Co. Ltd. - ADR | Taiwan Semiconductor Manufacturing Co. Ltd. - ADR | 41376 | 11555903 |
| **<u>United States</u> - 34.3%<sup>(c)</sup>** | **<u>United States</u> - 34.3%<sup>(c)</sup>** | **<u>United States</u> - 34.3%<sup>(c)</sup>** |  |
| **Biotechnology - 4.3%** | **Biotechnology - 4.3%** |  |  |
| Incyte Corp. <sup>(a)</sup> | Incyte Corp. <sup>(a)</sup> | 134533 | 11409744 |
| Regeneron Pharmaceuticals, Inc. | Regeneron Pharmaceuticals, Inc. | 13254 | 7452326 |
|  |  |  | 18862070 |
| **Broadline Retail - 3.2%** | **Broadline Retail - 3.2%** |  |  |
| Amazon.com, Inc. <sup>(a)</sup> | Amazon.com, Inc. <sup>(a)</sup> | 63208 | 13878581 |
|  |  |  | $– |
| **Capital Markets - 3.2%** | **Capital Markets - 3.2%** |  |  |
| Charles Schwab Corp. | Charles Schwab Corp. | 144399 | 13785772 |
|  |  |  | $– |
| **Commercial Services & Supplies - 3.3%** | **Commercial Services & Supplies - 3.3%** |  |  |
| Waste Connections, Inc. | Waste Connections, Inc. | 82235 | 14456913 |
|  |  |  | $– |
| **Financial Services - 3.8%** | **Financial Services - 3.8%** |  |  |
| Mastercard, Inc. - Class A | Mastercard, Inc. - Class A | 29235 | 16629160 |
|  |  |  | $– |
| **Interactive Media & Services - 3.9%** | **Interactive Media & Services - 3.9%** |  |  |
| Alphabet, Inc. - Class A | Alphabet, Inc. - Class A | 70161 | 17056139 |
|  |  |  | $– |
| **Semiconductors & Semiconductor Equipment - 6.9%** | **Semiconductors & Semiconductor Equipment - 6.9%** |  |  |
| Micron Technology, Inc. | Micron Technology, Inc. | 91048 | 15234151 |
| NVIDIA Corp. | NVIDIA Corp. | 47011 | 8771312 |
| Universal Display Corp. | Universal Display Corp. | 43306 | 6220041 |
|  |  |  | 30225504 |
| **Software - 1.4%** | **Software - 1.4%** |  |  |
| Atlassian Corp. - Class A <sup>(a)</sup> | Atlassian Corp. - Class A <sup>(a)</sup> | 39278 | 6272697 |
|  |  |  | $– |
| **Specialty Retail - 3.2%** | **Specialty Retail - 3.2%** |  |  |
| TJX Cos., Inc. | TJX Cos., Inc. | 95916 | 13863699 |
|  |  |  | $– |
| **Textiles, Apparel & Luxury Goods - 1.1%** | **Textiles, Apparel & Luxury Goods - 1.1%** |  |  |
| Lululemon Athletica, Inc. <sup>(a)</sup> | Lululemon Athletica, Inc. <sup>(a)</sup> | 28276 | 5031149 |
| **Total United States** | **Total United States** | **Total United States** | 150061684 |
| **TOTAL COMMON STOCKS** (Cost $287,993,192) | **TOTAL COMMON STOCKS** (Cost $287,993,192) | **TOTAL COMMON STOCKS** (Cost $287,993,192) | 430803036 |
| **WARRANTS - 0.0%<sup>(d)</sup>** | **WARRANTS - 0.0%<sup>(d)</sup>** | **Contracts** | **Value**  |
| **Canada *-* 0.0%<sup>(d)</sup>** | **Canada *-* 0.0%<sup>(d)</sup>** | **Canada *-* 0.0%<sup>(d)</sup>** |  |
| **Software — 0.0%<sup>(d)</sup>** | **Software — 0.0%<sup>(d)</sup>** | **Software — 0.0%<sup>(d)</sup>** |  |
| Constellation Software, Inc., Expires 03/31/2040, Exercise Price $0.00 <sup>(a)(e)</sup> | Constellation Software, Inc., Expires 03/31/2040, Exercise Price $0.00 <sup>(a)(e)</sup> | 5137 | 0 |
| **TOTAL WARRANTS** (Cost $0) | **TOTAL WARRANTS** (Cost $0) | **TOTAL WARRANTS** (Cost $0) | 0 |
| **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** |
| **MONEY MARKET FUNDS - 1.1%** | **MONEY MARKET FUNDS - 1.1%** | **Shares** | **Value**  |
| First American Government Obligations Fund - Class U, 4.07%<sup>(f)</sup> | First American Government Obligations Fund - Class U, 4.07%<sup>(f)</sup> | 4997435 | 4997435 |
| **TOTAL MONEY MARKET FUNDS** (Cost $4,997,435) | **TOTAL MONEY MARKET FUNDS** (Cost $4,997,435) | **TOTAL MONEY MARKET FUNDS** (Cost $4,997,435) | 4997435 |
| **TOTAL INVESTMENTS - 99.7% (**Cost $292,990,627**)** | **TOTAL INVESTMENTS - 99.7% (**Cost $292,990,627**)** | **TOTAL INVESTMENTS - 99.7% (**Cost $292,990,627**)** | 435800471 |
| Other Assets in Excess of Liabilities - 0.3% | Other Assets in Excess of Liabilities - 0.3% | Other Assets in Excess of Liabilities - 0.3% | 1146110 |
| **TOTAL NET ASSETS - 100.0%** | 0.0% | 0.0% | $436946581 |
| two | two | two | –% |
| Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. | –% |
| The Global Industry Classification Standard ("GICS<sup>®</sup>") was developed by and/or is the exclusive property of MSCI, Inc. ("MSCI") and Standard & Poor's Financial Services LLC ("S&P"). GICS<sup>®</sup> is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services. | The Global Industry Classification Standard ("GICS<sup>®</sup>") was developed by and/or is the exclusive property of MSCI, Inc. ("MSCI") and Standard & Poor's Financial Services LLC ("S&P"). GICS<sup>®</sup> is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services. | The Global Industry Classification Standard ("GICS<sup>®</sup>") was developed by and/or is the exclusive property of MSCI, Inc. ("MSCI") and Standard & Poor's Financial Services LLC ("S&P"). GICS<sup>®</sup> is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services. | The Global Industry Classification Standard ("GICS<sup>®</sup>") was developed by and/or is the exclusive property of MSCI, Inc. ("MSCI") and Standard & Poor's Financial Services LLC ("S&P"). GICS<sup>®</sup> is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services. |

---

ADR - American Depositary Receipt <br> PLC - Public Limited Company

(a) Non-income producing security.

(b) Security is exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may only be resold in transactions exempt from registration to qualified
 institutional investors. As of September 30, 2025, the value of these securities total $20,480,139 or 4.7% of the Fund's net assets.

(c) To the extent that the Fund invests a significant portion of its assets in the securities of companies of a single country or region, it is more likely to be impacted by events or conditions
 affecting such country or region.

(d) Represents less than 0.05% of net assets.

(e) Fair value determined using significant unobservable inputs in accordance with procedures established by and under the supervision of the Advisor, acting as Valuation Designee. These securities
 represented $0 or 0.0% of net assets as of September 30, 2025.

(f) The rate shown represents the 7-day annualized yield as of September 30, 2025.

------

#### <br>

#### Summary of Fair Value Disclosure as of September 30, 2025 (Unaudited)
Baird Chautauqua Global Growth Fund (the "Fund") has adopted fair value accounting standards which establish a definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value, a discussion of changes in valuation techniques and related inputs during the period, and expanded disclosure of valuation levels for major security types. These inputs are summarized in the three broad levels listed below. The inputs or valuation methodology used for valuing securities are not an indication of the risk associated with investing in those securities.

Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access.

Level 2 - Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data.

Level 3 - Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing the Fund's own assumptions about the assumptions a market participant would use in valuing the asset or liability, and based on the best information available.

The following is a summary of the fair valuation hierarchy of the Fund's securities as of September 30, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Common Stocks | $296085523 | $134717513 | $– | $430803036 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Warrants | – | – | –<br> <sup>(a)</sup>  | –<br> <sup>(a)</sup>  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Money Market Funds | 4997435 | – | – | 4997435 |
| Total Investments | $301082958 | $134717513 | $–<br> <sup>(a)</sup>  | $435800471 |

---

Refer to the Schedule of Investments for further disaggregation of investment categories.<br>

(a) Amount is less than $0.50.

Changes in valuation techniques may result in transfers into or out of assigned levels within the fair value hierarchy. There were no transfers into or out of Level 3 during the reporting period, as compared to the security classifications from the prior year's core financial statements.<br>

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Baird Funds Inc

- **b. Investment Company Act file number:** 811-09997

- **c. CIK number of Registrant:** 0001282693

- **d. LEI of Registrant:** 5493007JR2NWYBC7PO06

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 777 East Wisconsin Avenue

  - **City:** Milwaukee

  - **State:** WI

  - **Foreign country:** US

  - **Zip / Postal Code:** 53202

  - **Telephone number:** 4147653614

**Item A.2. Information about the Series.**

- **a. Name of Series:** Baird Chautauqua Global Growth Fund

- **b. EDGAR series identifier (if any):** S000053415

- **c. LEI of Series:** 549300CRXXW0NU15VA10

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-09-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $437520347.34

**Total Liabilities:** $762314.73

**Net Assets:** $436758032.61

**Cash Not Reported:** $383822.79

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000168049 | 0.00%                | 3.40%                | 3.28%                |
| Class ID C000168050 | 0.04%                | 3.39%                | 3.31%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $226644.80               | $20247.13                                  |
| Month 2  | $1964109.22              | $11702391.56                               |
| Month 3  | $0.00                    | $13944887.28                               |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                           | Title                                      | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| BeOne Medicines Ltd            | BeOne Medicines Ltd                        | CUSIP: 07725L102<br>LEI: 549300JFUK6FRD5MH739 | Long             | EC               | CORP              | US        |     40738 | NS      | $13879436.60  | 3.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Keyence Corp                   | Keyence Corp                               | CUSIP: N/A<br>LEI: 529900M7PQBS7A89DZ11       | Long             | EC               | CORP              | JP        |     20337 | NS      | $7576771.28   | 1.73%             |  |  |  | No            |                  2 | On Loan: No      |
| Regeneron Pharmaceuticals Inc  | Regeneron Pharmaceuticals Inc              | CUSIP: 75886F107<br>LEI: 549300RCBFWIRX3HYQ56 | Long             | EC               | CORP              | US        |     13254 | NS      | $7452326.58   | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Lululemon Athletica Inc        | Lululemon Athletica Inc                    | CUSIP: 550021109<br>LEI: 549300D9GZ4BMLDW5T40 | Long             | EC               | CORP              | CA        |     28276 | NS      | $5031148.68   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank Rakyat Indonesia Persero  | Bank Rakyat Indonesia Persero Tbk PT       | CUSIP: N/A<br>LEI: 254900HB6S4B12GBNP64       | Long             | EC               | CORP              | ID        |  30908873 | NS      | $7244498.55   | 1.66%             |  |  |  | No            |                  2 | On Loan: No      |
| Suzuki Motor Corp              | Suzuki Motor Corp                          | CUSIP: N/A<br>LEI: 353800D83H0V3ZV1SV24       | Long             | EC               | CORP              | JP        |    791815 | NS      | $11527943.26  | 2.64%             |  |  |  | No            |                  2 | On Loan: No      |
| Charles Schwab Corp/The        | Charles Schwab Corp/The                    | CUSIP: 808513105<br>LEI: 549300VSGCJ7E698NM85 | Long             | EC               | CORP              | US        |    144399 | NS      | $13785772.53  | 3.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Coloplast A/S                  | Coloplast A/S                              | CUSIP: N/A<br>LEI: 529900NN7SOJ5QG82X67       | Long             | EC               | CORP              | DK        |     69792 | NS      | $6015380.17   | 1.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Micron Technology Inc          | Micron Technology Inc                      | CUSIP: 595112103<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | EC               | CORP              | US        |     91048 | NS      | $15234151.36  | 3.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Alibaba Group Holding Ltd      | Alibaba Group Holding Ltd                  | CUSIP: 01609W102<br>LEI: 5493001NTNQJDH60PM02 | Long             | EC               | CORP              | HK        |     61366 | NS      | $10967945.18  | 2.51%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Government Obli | First American Government Obligations Fund | CUSIP: 31846V211<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |   5385644 | NS      | $5385644.07   | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Incyte Corp                    | Incyte Corp                                | CUSIP: 45337C102<br>LEI: 549300Z4WN6JVZ3T4680 | Long             | EC               | CORP              | US        |    134533 | NS      | $11409743.73  | 2.61%             |  |  |  | No            |                  1 | On Loan: No      |
| FANUC Corp                     | FANUC Corp                                 | CUSIP: N/A<br>LEI: 529900QTSW745LOKW705       | Long             | EC               | CORP              | JP        |    283152 | NS      | $8136925.58   | 1.86%             |  |  |  | No            |                  2 | On Loan: No      |
| Novo Nordisk A/S               | Novo Nordisk A/S                           | CUSIP: 670100205<br>LEI: 549300DAQ1CVT6CXN342 | Long             | EC               | CORP              | DK        |    202316 | NS      | $11226514.84  | 2.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Temenos AG                     | Temenos AG                                 | CUSIP: N/A<br>LEI: 5067007NW6550481FH64       | Long             | EC               | CORP              | CH        |     58171 | NS      | $4724605.73   | 1.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Sea Ltd                        | Sea Ltd                                    | CUSIP: 81141R100<br>LEI: 529900OM6JLLW44YKI15 | Long             | EC               | CORP              | SG        |     76021 | NS      | $13587233.33  | 3.11%             |  |  |  | No            |                  1 | On Loan: No      |
| TJX Cos Inc/The                | TJX Cos Inc/The                            | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |     95916 | NS      | $13863698.64  | 3.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Waste Connections Inc          | Waste Connections Inc                      | CUSIP: 94106B101<br>LEI: 549300HDLRTPBQU69P29 | Long             | EC               | CORP              | CA        |     82235 | NS      | $14456913.00  | 3.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Wuxi Biologics Cayman Inc      | Wuxi Biologics Cayman Inc                  | CUSIP: N/A<br>LEI: 5493001TD2TH6VDTJU11       | Long             | EC               | CORP              | CN        |   1611922 | NS      | $8511776.50   | 1.95%             |  |  |  | No            |                  2 | On Loan: No      |
| Canadian Pacific Kansas City L | Canadian Pacific Kansas City Ltd           | CUSIP: 13646K108<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |    106350 | NS      | $7922011.50   | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp                    | NVIDIA Corp                                | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |     47011 | NS      | $8771312.38   | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Tata Consultancy Services Ltd  | Tata Consultancy Services Ltd              | CUSIP: N/A<br>LEI: 335800ZJKU9GPQRE2U66       | Long             | EC               | CORP              | IN        |    238988 | NS      | $7778898.51   | 1.78%             |  |  |  | No            |                  2 | On Loan: No      |
| Recruit Holdings Co Ltd        | Recruit Holdings Co Ltd                    | CUSIP: N/A<br>LEI: 353800R2LRSMVVC4I806       | Long             | EC               | CORP              | JP        |    149196 | NS      | $8021355.20   | 1.84%             |  |  |  | No            |                  2 | On Loan: No      |
| Adyen NV                       | Adyen NV                                   | CUSIP: N/A<br>LEI: 724500973ODKK3IFQ447       | Long             | EC               | CORP              | NL        |      7438 | NS      | $11968362.89  | 2.74%             |  |  |  | No            |                  2 | On Loan: No      |
| Atlassian Corp                 | Atlassian Corp                             | CUSIP: 049468101<br>LEI: 549300V7ZY5P02D2MY38 | Long             | EC               | CORP              | AU        |     39278 | NS      | $6272696.60   | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| ASML Holding NV                | ASML Holding NV                            | CUSIP: N/A<br>LEI: 724500Y6DUVHQD6OXN27       | Long             | EC               | CORP              | NL        |     13248 | NS      | $12825256.32  | 2.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Brookfield Renewable Corp      | Brookfield Renewable Corp                  | CUSIP: 11285B108<br>LEI: 894500N9AWD5I1YNP231 | Long             | EC               | CORP              | US        |    287381 | NS      | $9891654.02   | 2.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Genmab A/S                     | Genmab A/S                                 | CUSIP: N/A<br>LEI: 529900MTJPDPE4MHJ122       | Long             | EC               | CORP              | DK        |     36877 | NS      | $11378333.62  | 2.61%             |  |  |  | No            |                  2 | On Loan: No      |
| Amazon.com Inc                 | Amazon.com Inc                             | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |     63208 | NS      | $13878580.56  | 3.18%             |  |  |  | No            |                  1 | On Loan: No      |
| KE Holdings Inc                | KE Holdings Inc                            | CUSIP: 482497104<br>LEI: 254900RHVY072XPAZE03 | Long             | EC               | CORP              | CN        |    427701 | NS      | $8126319.00   | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| TSMC                           | Taiwan Semiconductor Manufacturing Co Ltd  | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |     41376 | NS      | $11555903.04  | 2.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellation Software Inc/Can | Constellation Software Inc/Canada          | CUSIP: 21037X100<br>LEI: 549300B6PYHMCTDWQV29 | Long             | EC               | CORP              | CA        |      5184 | NS      | $14072751.54  | 3.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                   | Alphabet Inc                               | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     70161 | NS      | $17056139.10  | 3.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Ryanair Holdings PLC           | Ryanair Holdings PLC                       | CUSIP: 783513203<br>LEI: 635400BR2ROC1FVEBQ56 | Long             | EC               | CORP              | IE        |    187184 | NS      | $11272220.48  | 2.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Safran SA                      | Safran SA                                  | CUSIP: N/A<br>LEI: 969500UIC89GT3UL7L24       | Long             | EC               | CORP              | FR        |     40828 | NS      | $14488636.07  | 3.32%             |  |  |  | No            |                  2 | On Loan: No      |
| CONSTELLATION SOFTWARE INC     | Constellation Software Inc/Canada          | CUSIP: 21037X134<br>LEI: 549300B6PYHMCTDWQV29 | N/A              | DE               | CORP              | CA        |      5137 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Mastercard Inc                 | Mastercard Inc                             | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |     29235 | NS      | $16629160.35  | 3.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Universal Display Corp         | Universal Display Corp                     | CUSIP: 91347P105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     43306 | NS      | $6220040.78   | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Prosus NV                      | Prosus NV                                  | CUSIP: N/A<br>LEI: 635400Z5LQ5F9OLVT688       | Long             | EC               | CORP              | NL        |    216259 | NS      | $15292811.23  | 3.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Fairfax Financial Holdings Ltd | Fairfax Financial Holdings Ltd             | CUSIP: 303901102<br>LEI: GLS7OQD0WOEDI8YAP031 | Long             | EC               | CORP              | CA        |      5811 | NS      | $10166431.56  | 2.33%             |  |  |  | No            |                  1 | On Loan: No      |
| HDFC Bank Ltd                  | HDFC Bank Ltd                              | CUSIP: 40415F101<br>LEI: 335800ZQ6I4E2JXENC50 | Long             | EC               | CORP              | IN        |    308260 | NS      | $10530161.60  | 2.41%             |  |  |  | No            |                  1 | On Loan: No      |
| DBS Group Holdings Ltd         | DBS Group Holdings Ltd                     | CUSIP: N/A<br>LEI: 5493007FKT78NKPM5V55       | Long             | EC               | CORP              | SG        |    303880 | NS      | $12051214.36  | 2.76%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-22

**Name of Applicant:** Baird Funds Inc

**Signature:** Baird Funds Inc

**Name of Signer:** Peter Hammond

**Title:** Vice President