BSBIX: Baird Short-Term Bond Inst

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BSBIX Baird Short-Term Bond Inst


Profile

BSBIX - Profile

Vitals

  • YTD Return 1.9%
  • 3 Yr Annualized Return 0.9%
  • 5 Yr Annualized Return 0.6%
  • Net Assets $7.5 B
  • Holdings in Top 10 30.1%

52 WEEK LOW AND HIGH

$9.96
$9.49
$9.96

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.30%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 64.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $25,000
  • IRA $25,000

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Short-Term Bond

Distributions

  • YTD Total Return 1.9%
  • 3 Yr Annualized Total Return 2.0%
  • 5 Yr Annualized Total Return 1.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.50%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Baird Short-Term Bond Fund
  • Fund Family Name
    Baird
  • Inception Date
    Aug 31, 2004
  • Shares Outstanding
    735481302
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Charles Groeschell

Fund Description

The fund normally invests at least 80% of its net assets in the following types of U.S. dollar-denominated debt obligations: U.S. government and other public-sector entities, asset-backed and mortgage-backed obligations of U.S. and foreign issuers and corporate debt of U.S. and foreign issuers. It only invests in debt obligations rated investment grade at the time of purchase by at least one major rating agency or, if unrated, determined by the advisor to be investment grade.


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Categories

Performance

BSBIX - Performance

Return Ranking - Trailing

Period BSBIX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.9% -10.9% 3.5% 13.81%
1 Yr 2.2% -13.5% 3.7% 15.52%
3 Yr 0.9%* -5.0% 1.3% 10.53%
5 Yr 0.6%* -20.5% 1.8% 8.76%
10 Yr 0.3%* -9.8% 2.4% 18.09%

* Annualized

Return Ranking - Calendar

Period BSBIX Return Category Return Low Category Return High Rank in Category (%)
2019 2.1% -6.6% 4.9% 40.70%
2018 -0.7% -4.8% 1.0% 19.48%
2017 -0.2% -1.4% 2.8% 71.43%
2016 0.6% -65.8% 7.1% 41.01%
2015 -0.7% -6.6% 3.0% 15.38%

Total Return Ranking - Trailing

Period BSBIX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.9% -10.9% 3.5% 13.81%
1 Yr 2.2% -13.5% 3.7% 15.52%
3 Yr 2.0%* -4.6% 2.3% 1.32%
5 Yr 1.9%* -19.1% 2.8% 5.84%
10 Yr 2.1%* -8.1% 3.5% 10.64%

* Annualized

Total Return Ranking - Calendar

Period BSBIX Return Category Return Low Category Return High Rank in Category (%)
2019 2.5% -6.6% 4.9% 36.05%
2018 1.5% -4.1% 6.5% 7.14%
2017 1.5% -1.4% 4.7% 22.45%
2016 2.2% -65.2% 8.4% 17.99%
2015 0.9% -5.3% 3.1% 5.38%

NAV & Total Return History


Holdings

BSBIX - Holdings

Concentration Analysis

BSBIX Category Low Category High BSBIX % Rank
Net Assets 7.5 B 272 K 62.6 B 17.13%
Number of Holdings 485 6 2196 41.34%
Net Assets in Top 10 1.95 B 74.7 K 5.46 B 12.29%
Weighting of Top 10 30.07% 6.3% 99.7% 37.99%

Top 10 Holdings

  1. United States Treasury Notes 2.13% 11.66%
  2. United States Treasury Notes 1.13% 6.69%
  3. United States Treasury Notes 1.63% 5.38%
  4. United States Treasury Notes 2% 1.96%
  5. United States Treasury Notes 1.88% 1.40%
  6. CSMC TRUST 3.65% 0.69%
  7. FIFTH THIRD AUTO TRUST 2.64% 0.62%
  8. Cooperatieve Rabobank U.A. 3.95% 0.58%
  9. DXC Technology Company 4.45% 0.55%
  10. National Bank of Canada 2.1% 0.54%

Asset Allocation

Weighting Return Low Return High BSBIX % Rank
Bonds
93.54% 22.39% 135.68% 56.42%
Cash
4.36% -38.90% 77.61% 49.16%
Convertible Bonds
2.10% 0.00% 7.03% 43.58%
Stocks
0.00% 0.00% 6.70% 22.35%
Preferred Stocks
0.00% 0.00% 50.22% 22.91%
Other
0.00% -3.24% 7.53% 25.14%

Bond Sector Breakdown

Weighting Return Low Return High BSBIX % Rank
Corporate
53.62% 1.79% 88.67% 25.14%
Government
27.19% 0.00% 52.11% 19.55%
Securitized
13.36% 0.00% 85.56% 74.86%
Cash & Equivalents
4.38% 1.08% 77.61% 62.01%
Municipal
1.45% 0.00% 15.58% 16.20%
Derivative
0.00% 0.00% 29.20% 30.73%

Bond Geographic Breakdown

Weighting Return Low Return High BSBIX % Rank
US
72.38% 0.00% 110.01% 50.84%
Non US
21.16% 0.00% 69.43% 55.87%

Expenses

BSBIX - Expenses

Operational Fees

BSBIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.30% 0.02% 23.90% 94.32%
Management Fee 0.25% 0.00% 1.19% 11.60%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.05% 0.01% 0.41% 17.81%

Sales Fees

BSBIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

BSBIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

BSBIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 64.00% 0.00% 496.37% 56.82%

Distributions

BSBIX - Distributions

Dividend Yield Analysis

BSBIX Category Low Category High BSBIX % Rank
Dividend Yield 0.00% 0.00% 0.27% 18.23%

Dividend Distribution Analysis

BSBIX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Monthly

Net Income Ratio Analysis

BSBIX Category Low Category High BSBIX % Rank
Net Income Ratio 2.50% -2.82% 4.09% 56.25%

Capital Gain Distribution Analysis

BSBIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

BSBIX - Fund Manager Analysis

Managers

Charles Groeschell


Start Date

Tenure

Tenure Rank

Aug 31, 2004

15.84

15.8%

Charlie has more than 40 years of investment experience managing a broad range of fixed income portfolios. His responsibilities include setting investment policy and implementing the long-term investment strategy of Baird Advisors. He also plays a lead role in the management of institutional client relationships. Charlie obtained his undergraduate degree from Texas Christian University and his MBA from the University of Wisconsin-Milwaukee. Prior to joining Baird Advisors, Charlie was a Senior Vice President and Senior Portfolio Manager with Firstar Investment Research & Management Company (FIRMCO).

Daniel Tranchita


Start Date

Tenure

Tenure Rank

Aug 31, 2004

15.84

15.8%

Dan has more than 30 years of investment experience managing a broad range of fixed income portfolios. He plays a lead role in research and strategy development in the mortgage and asset-backed sectors. Dan obtained his undergraduate degree and his MBA from Marquette University. He earned the Chartered Financial Analyst designation in 1993 and is currently a member of the CFA Institute and the CFA Society of Milwaukee. Prior to joining Baird Advisors, Dan was a Senior Vice President and Senior Portfolio Manager with Firstar Investment Research and Management Company (FIRMCO).

M. Sharon deGuzman


Start Date

Tenure

Tenure Rank

Aug 31, 2004

15.84

15.8%

Sharon plays a lead role in risk management and portfolio construction focusing on managing short and intermediate taxable portfolios and tax-exempt portfolios. Sharon obtained her undergraduate degree from Eastern Illinois University. She is currently a member of the CFA Institute and the CFA Society of Milwaukee. Prior to joining Baird Advisors, Sharon was an Assistant Vice President and Portfolio Manager with Firstar Investment Research and Management Company (FIRMCO) where she did quantitative fixed income analysis and portfolio management.

Mary Ellen Stanek


Start Date

Tenure

Tenure Rank

Aug 31, 2004

15.84

15.8%

Mary Ellen has more than 40 years of investment experience managing a broad range of fixed income portfolios. She is responsible for the formulation of fixed income strategy as well as the development and implementation of all fixed income asset management services. Mary Ellen serves on the board of Baird Financial Group, as President of the Baird Funds and is chair of the Baird Diversity Steering Committee. She obtained her undergraduate degree from Marquette University and her MBA from the University of Wisconsin-Milwaukee. Mary Ellen earned the Chartered Financial Analyst designation in 1983 and is currently a member of the CFA Institute and the CFA Society of Milwaukee. Prior to joining Baird Advisors, Mary Ellen was President and Chief Executive Officer of Firstar Investment Research and Management Company (FIRMCO) and was Director of Fixed Income.

Warren Pierson


Start Date

Tenure

Tenure Rank

Aug 31, 2004

15.84

15.8%

Warren plays a lead role in the formulation of fixed income strategy as well as the development and implementation of Baird Advisors’ fixed income asset management services. Warren obtained his undergraduate degree from Lawrence University and earned the Chartered Financial Analyst designation in 1990. He is currently a member of the CFA Institute and a past President of the CFA Society of Milwaukee. Prior to joining Baird Advisors, Warren was a Senior Vice President and Senior Portfolio Manager with Firstar Investment Research and Management Company (FIRMCO) where he managed municipal bond portfolios and intermediate taxable bond portfolios.Mr. Pierson received his undergraduate degree from Lawrence University and was awarded the Chartered Financial Analyst designation in 1990. Mr. Pierson is currently a member of the CFA Institute and is past President of the CFA Society of Milwaukee.

Jeffrey Schrom


Start Date

Tenure

Tenure Rank

May 01, 2019

1.17

1.2%

Jeff has more than 25 years of investment experience managing a broad range of fixed income portfolios. He plays a lead role in overseeing credit research and developing and implementing investment strategies within the credit sector. Jeff obtained his undergraduate degree from Carroll University and his M.S. in Finance from the University of Wisconsin-Madison. He earned the Certified Public Accountant designation in 1991 and the Chartered Financial Analyst designation in 1998. Jeff is currently a member of the CFA Institute and the CFA Society of Milwaukee. Prior to joining Baird Advisors, Jeff was the Director of Corporate Bonds at Clarica Life Insurance and began his career as an auditor at the Chicago Board of Trade.

Jay Schwister


Start Date

Tenure

Tenure Rank

May 01, 2019

1.17

1.2%

Jay has more than 35 years of investment experience managing a broad range of fixed income portfolios. He is the head of fixed income research and oversees risk management across Baird Advisors’ portfolio strategies. Jay also plays a lead role in the formulation and implementation of investment strategy. In addition, he directs product responsibility for Long Duration LDI strategies designed for defined benefit pension plans. Jay obtained his undergraduate degree from Marquette University and earned the Chartered Financial Analyst designation in 1987. He is currently a member of the CFA Institute and the CFA Society of Milwaukee. Prior to joining Baird Advisors, Jay was a Senior Vice President and Senior Portfolio Manager with Putnam Investments in Boston where he was responsible for strategy formulation and portfolio construction across a wide variety of multi-sector fixed income mandates.

Meghan Dean


Start Date

Tenure

Tenure Rank

May 01, 2019

1.17

1.2%

Meg has more than 20 years of investment experience managing a broad range of fixed income portfolios. She co-leads research and strategy development in the mortgage and asset-backed sectors. Meg obtained her undergraduate degree in Economics from Boston College, and earned the Chartered Financial Analyst designation in 2005. She is currently a member of the CFA Institute and the CFA Society of Milwaukee. Prior to rejoining Baird Advisors in 2007, Meg was a Vice President and Portfolio Manager with Deerfield Capital Management in Chicago where she was a member of the asset-backed securities team focusing on collateralized debt obligations.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.15 26.85 6.14 0.34