Baird Aggregate Bond Fund Appears on the Schwab Mutual Fund OneSource Select List(R) for Third Quarter 2007

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The Baird Aggregate Bond Fund Investor Class (BAGSX) has been named to the Schwab Mutual Fund OneSource Select List(R) for the third quarter of 2007. The Select List is a list of funds that have passed a rigorous screening for performance, risk and expenses by the Schwab Center for Financial Research all with no loads and no transaction fees. The Select List is provided for informational purposes and should not be considered an individualized recommendation. Schwab produces the Select List quarterly to help investors wade through the vast number of funds available through the Schwab Mutual Fund OneSource(R) service and identify funds that might be appropriate for their portfolios.

It is an honor to be included on this well-regarded select list of funds.

    Baird Aggregate Bond Fund joins only four other actively managed intermediate-term bond mutual funds on the current Schwab Mutual Fund OneSource Select List. Said Co-Manager Mary Ellen Stanek, "It is an honor to be included on this well-regarded select list of funds."

Baird Aggregate Bond Fund is one of five bond mutual funds managed by Baird Advisors, the fixed income asset management team of Baird, an employee-owned international financial services firm. In its most recent write up, Morningstar calls Baird Aggregate Bond Fund a gem. For insight into the investment strategy behind this bond fund, read a recent conversation with Mary Ellen Stanek about investing in bonds and bond funds.

For more information on the Schwab Mutual Fund OneSource Select List, visit Schwab's Web Site at http://www.schwab.com.

About Baird Advisors

Baird Advisors, Baird's fixed income investment management team, manages more than $13.5 billion for institutional clients and high-net-worth individuals. With over 100 years of combined investment management experience, this seasoned team of professionals has been together since 1983 and has a national reputation as a highly regarded fixed income manager. The group also offers several Baird Bond Funds to provide its disciplined portfolio management approach to a wider client base. For more information, visit Baird Advisors' Web site.

About Baird

Baird is an employee-owned, international wealth management, capital markets, private equity and asset management firm with offices in the United States, Europe and Asia. Established in 1919, Baird has more than 2,200 associates serving the needs of individual, corporate, institutional and municipal clients. Baird oversees and manages client assets of nearly $73 billion. Committed to being a great place to work, Baird was recognized as one of the FORTUNE 100 Best Companies to Work For(R) in 2004, 2005, 2006 and 2007. Baird's principal operating subsidiaries are Robert W. Baird & Co. in the United States and Robert W. Baird Group Ltd. in Europe. Baird also has an operating subsidiary in Asia supporting Baird's private equity operations. For more information, please visit Baird's Web site at http://www.rwbaird.com.

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. For a prospectus and application, contact Baird Funds directly at 800-444-9102, at http://www.bairdfunds.com, via e-mail, or contact your Baird Financial Advisor. Please read the prospectus carefully before investing.

Robert W. Baird & Co. Incorporated, distributor.

KEYWORDS:

Baird Aggregate Bond Fund, Baird Advisors, Robert W. Baird & Co., Schwab Mutual Fund OneSource Select List, Chief Investment Officer Mary Ellen Stanek

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Jody Lowe
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