Baird Equity Opportunity Fund
Fund
BSVSX
Price as of:
$12.58
+ $0.11
+ 0.88%
Primary Theme
fund company
Name
As of 04/22/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
-4.9%
1 yr return
0.8%
3 Yr Avg Return
0.3%
5 Yr Avg Return
4.0%
Net Assets
$62.1 M
Holdings in Top 10
52.1%
52 WEEK LOW AND HIGH
$12.5
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.98%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 67.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,500
IRA
$1,000
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/22/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
BSVSX - Profile
Distributions
- YTD Total Return -4.9%
- 3 Yr Annualized Total Return 0.3%
- 5 Yr Annualized Total Return 4.0%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.57%
- Dividend Yield 0.0%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameBaird Equity Opportunity Fund
-
Fund Family NameBaird
-
Inception DateMay 01, 2012
-
Shares Outstanding145
-
Share ClassInvestor
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJoseph Milano
Fund Description
The Fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities. However, the Fund will not borrow for investment purposes.
The Fund invests primarily in a select portfolio of equity securities of companies with small- to medium-market capitalizations (those with market capitalizations, at the time of purchase, of less than $20 billion). Although the Fund invests principally in U.S. companies, the Fund may invest up to 15% of its total assets in equity securities of foreign companies.
Equity securities in which the Fund may invest include common stocks, preferred stocks, American Depositary Receipts (“ADRs”) or other depositary shares or receipts, rights, warrants, exchange-traded funds (“ETFs”), and options whose reference asset is an equity security or equity securities index.In addition to equity ETFs, the Fund may also invest in ETFs generally. The Fund may also purchase and sell (or write) options to hedge its portfolio or enhance returns.
TheFund will normally hold a limited number (typically 25 to 50) of companies. However, the Fund may hold fewer or more companies from time to time and invest in companies with larger market capitalizations when Greenhouse Funds LLLP (the “Subadvisor”), the Fund’s sub-advisor, believes doing so will help efforts to achieve the Fund’s investment objective. The Fund will hold a mix of both value and growth stocks as part of the Subadvisor’s opportunistic approach to investing.
The Fund is “non-diversified,” meaning that it may invest a greater percentage of its total assets in a smaller number of companies than a diversified mutual fund. Given the Subadvisor’s opportunistic investment strategy, the Fund will generally be overweight in certain sectors and underweight in other sectors, as compared to the sector weightings of the Russell 2000® Index (the Fund’s benchmark index), based on the Subadvisor’s judgment of the sectors’ relative attractiveness and its individual securities selection. The Fund may have little or no exposure to certain sectors. The Fund’s sector exposures will likely change over time, as macroeconomic, market, sector and company-specific conditions change.
In selecting investments for the Fund, the Subadvisor employs bottom-up research and fundamental analyses with a focus on companies that the Subadvisor believes possess a favorable risk/return profile. The Subadvisor seeks attractive opportunities for the Fund by evaluating industry dynamics and competitive forces as well as a company’s business model, earnings quality, profitability, cash flows, management acumen and demonstrated capital stewardship. Extensive financial modeling and valuation assessments are then used to calculate the expected risk and return, after which the Subadvisor exercises its experience and judgment to determine timing and position sizing.
The Subadvisor seeks companies with the following key attributes:
•Large addressable market with a well-structured competitive landscape;
•Attractive business model with a sustainable competitive advantage;
•Stable or expanding profit margins and return on capital;
•Positive and growing free cash flow;
•Disciplined management team practicing intelligent capital deployment; and
•The presence or prediction of meaningful change including business model, product set, management, capital allocation strategy and valuation.
The Subadvisor also considers environmental, social and governance (ESG) factors as part of its overall investment decision-making because of the impacts those factors may have on a company’s performance. The Subadvisor believes ESG factors vary across companies, industries and sectors and therefore does not apply exclusionary ESG screens in selecting investments for the Fund. There are no universally accepted ESG factors and the Subadvisor will consider them at its discretion.
The Subadvisor considers the following factors, among others, in deciding to sell positions: when the price objective has been reached with no change to underlying fundamentals, when a significant negative event changes the Subadvisor’s view of the company’s prospects, when target catalysts are realizedor when an investment loses its attractiveness relative to other potential opportunities. The Subadvisor will also trim or sell securities to manage the Fund’s risk related to position sizing.
Although the Subadvisor’s target investment horizon is generally measured in years, the Subadvisor may from time to time engage in short-term trading for the Fund to take advantage of potential opportunities, which may increase portfolio turnover.
BSVSX - Performance
Return Ranking - Trailing
Period | BSVSX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -4.9% | -12.0% | 14.4% | 97.83% |
1 Yr | 0.8% | -14.5% | 45.8% | 97.83% |
3 Yr | 0.3%* | -10.6% | 38.1% | 40.33% |
5 Yr | 4.0%* | -14.2% | 30.1% | 90.75% |
10 Yr | 3.8%* | -3.0% | 16.4% | 95.49% |
* Annualized
Return Ranking - Calendar
Period | BSVSX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 13.6% | -49.6% | 29.0% | 49.10% |
2022 | -34.0% | -59.3% | 118.2% | 94.77% |
2021 | 13.7% | -31.6% | 39.3% | 33.21% |
2020 | -2.9% | -51.0% | 39.5% | 93.41% |
2019 | 17.7% | -16.9% | 37.8% | 69.55% |
Total Return Ranking - Trailing
Period | BSVSX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -4.9% | -12.0% | 14.4% | 97.83% |
1 Yr | 0.8% | -14.5% | 45.8% | 97.83% |
3 Yr | 0.3%* | -10.6% | 38.1% | 40.33% |
5 Yr | 4.0%* | -14.2% | 30.1% | 90.75% |
10 Yr | 3.8%* | -3.0% | 16.4% | 95.49% |
* Annualized
Total Return Ranking - Calendar
Period | BSVSX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 13.6% | -21.7% | 31.8% | 74.10% |
2022 | -11.8% | -45.2% | 123.7% | 14.26% |
2021 | 19.2% | 0.0% | 47.7% | 73.21% |
2020 | 2.5% | -50.5% | 46.9% | 86.82% |
2019 | 18.2% | -12.6% | 43.7% | 92.93% |
NAV & Total Return History
BSVSX - Holdings
Concentration Analysis
BSVSX | Category Low | Category High | BSVSX % Rank | |
---|---|---|---|---|
Net Assets | 62.1 M | 529 K | 145 B | 87.52% |
Number of Holdings | 38 | 2 | 2519 | 95.43% |
Net Assets in Top 10 | 31.3 M | 104 K | 9.83 B | 69.60% |
Weighting of Top 10 | 52.07% | -2849.0% | 100.5% | 2.65% |
Top 10 Holdings
- Blackbaud Inc 8.18%
- Cadre Holdings Inc 5.85%
- Sportradar Holding AG 5.19%
- Global Payments Inc 4.97%
- Chefs' Warehouse Inc/The 4.96%
- NeoGenomics Inc 4.84%
- Fluor Corp 4.82%
- Universal Display Corp 4.66%
- Madison Square Garden Sports Corp 4.38%
- Equifax Inc 4.22%
Asset Allocation
Weighting | Return Low | Return High | BSVSX % Rank | |
---|---|---|---|---|
Stocks | 96.91% | -565235.00% | 108.16% | 77.86% |
Cash | 3.17% | 0.00% | 565934.00% | 29.70% |
Other | 0.15% | -598.74% | 39.24% | 24.78% |
Preferred Stocks | 0.00% | 0.00% | 7.53% | 9.84% |
Convertible Bonds | 0.00% | 0.00% | 3.17% | 6.16% |
Bonds | 0.00% | -2.00% | 74.53% | 11.07% |
Stock Sector Breakdown
Weighting | Return Low | Return High | BSVSX % Rank | |
---|---|---|---|---|
Industrials | 29.12% | 2.46% | 37.42% | 2.13% |
Technology | 25.79% | 0.00% | 54.70% | 2.49% |
Communication Services | 12.78% | 0.00% | 14.85% | 0.53% |
Financial Services | 6.97% | 0.00% | 35.52% | 97.16% |
Consumer Cyclical | 6.47% | 0.99% | 47.79% | 94.32% |
Energy | 6.40% | 0.00% | 37.72% | 46.36% |
Consumer Defense | 5.47% | 0.00% | 18.87% | 18.47% |
Healthcare | 5.34% | 0.00% | 26.53% | 93.96% |
Basic Materials | 1.64% | 0.00% | 18.66% | 96.98% |
Utilities | 0.00% | 0.00% | 18.58% | 89.34% |
Real Estate | 0.00% | 0.00% | 29.43% | 96.27% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | BSVSX % Rank | |
---|---|---|---|---|
US | 96.91% | -565235.00% | 108.16% | 71.00% |
Non US | 0.00% | 0.00% | 94.14% | 21.97% |
BSVSX - Expenses
Operational Fees
BSVSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.98% | 0.01% | 38.45% | 10.07% |
Management Fee | 1.25% | 0.00% | 1.50% | 98.59% |
12b-1 Fee | 0.25% | 0.00% | 1.00% | 26.62% |
Administrative Fee | N/A | 0.01% | 0.45% | N/A |
Sales Fees
BSVSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 3.50% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
BSVSX 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.
BSVSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 67.00% | 1.00% | 314.00% | 73.05% |
BSVSX - Distributions
Dividend Yield Analysis
BSVSX | Category Low | Category High | BSVSX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 43.91% | 78.56% |
Dividend Distribution Analysis
BSVSX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | None | Annually | Annual | Annual |
Net Income Ratio Analysis
BSVSX | Category Low | Category High | BSVSX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.57% | -2.40% | 2.49% | 25.93% |
Capital Gain Distribution Analysis
BSVSX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 16, 2022 | $3.922 | OrdinaryDividend |
Dec 29, 2020 | $0.025 | OrdinaryDividend |
Dec 27, 2019 | $0.070 | OrdinaryDividend |
Dec 27, 2017 | $0.057 | OrdinaryDividend |
Dec 28, 2016 | $0.108 | OrdinaryDividend |
Dec 29, 2015 | $0.050 | OrdinaryDividend |
Dec 29, 2014 | $0.016 | OrdinaryDividend |
Dec 27, 2013 | $0.041 | OrdinaryDividend |