Address And Details

777 E Wisconsin Ave , Milwaukee, WI 53202
Fund Manager Team Managed
Manager Tenure

Strategy And Objective

The investment objective of the Baird Ultra Short Bond Fund (the Fund ) is to seek current income consistent with preservation of capital. The Fund normally invests at least 80% of its net assets in bonds, including the following types of U.S. dollar denominated debt obligations that are fixed, variable or floating rate instruments: U.S. government and other public sector entities Asset backed and mortgage backed obligations of U.S. and foreign issuers Corporate debt of U.S. and foreign issuers Money market instruments The Fund invests primarily in investment grade debt obligations, rated at the time of purchase by at least one major rating agency, but may invest up to 10% of its net assets in non investment grade debt obligations (sometimes referred to as high yield bonds). The Fund may also invest in unrated debt obligations that are determined by the Advisor to be comparable in quality to the rated obligations. After purchase, a debt obligation may cease to be rated or may have its rating reduced below the minimum rating required by the Fund for purchase. In such cases, the Advisor will consider whether to continue to hold the debt obligation. The Fund may hold debt obligations with a or similar credit rating indicating at least a partial payment default. The Advisor attempts to keep the duration of the Fund's portfolio substantially equal to that of its benchmark, the Bloomberg Barclays U.S. Short Term Government/Corporate Index. The duration of the Fund's benchmark as of March 31, 2020 was 0.52 years. The dollar weighted average portfolio effective maturity of the Fund will normally be more than three months but less than eighteen months during normal market conditions. The Fund may invest in debt obligations of all maturities. The Advisor attempts to diversify the Fund's portfolio by holding debt obligations of many different issuers and choosing issuers in a variety of sectors. In determining which debt obligations to buy for the Fund, the Advisor attempts to achieve returns that exceed the Fund's benchmark primarily in three ways: Yield curve positioning: The Advisor selects debt obligations with maturities and yields that it believes have the greatest potential for achieving the Fund's objective, while attempting to substantially match the average duration of the debt obligations in the Fund with the average duration of the debt obligations in the Fund's benchmark. Sector allocation: The Advisor invests in debt obligations in those sectors which it believes represent the greatest potential for achieving the Fund's objective. Security selection: The Advisor determines which issuers it believes offer the best relative value within each sector and then decides which available debt obligations of that issuer to purchase. The Advisor generally will sell a debt obligation when, on a relative basis and in the Advisors opinion, it will no longer help the Fund attain its objective.

Net Asset Value

as of 4:56 PM ET 06/23/2021


  • 1 Week
  • 0.00%
  • 1 Month
  • n/a
  • 3 Months
  • -0.10%
  • 1 Yr Return
  • -0.39%
  • 5 Yr Return
  • +0.60%

Equity Sector Breakdown

ConsumerDurables n/a
Energy n/a
Finance n/a
Health n/a
IndustrialCyclical n/a
NonDurables n/a
RetailTrade n/a
Services n/a
Technology n/a
Utilities n/a

Asset Allocation

Asset Type % Of Allocation
Bonds 92.99%
Cash 7.08%
Stocks 0.00%
Preferred 0.00%
Convertible 0.00%
ForeignStocks 0.00%
ForeignBonds 0.00%
ForeignHedged 0.00%
Other -0.06%
Total Net Assets 191.65 M

Risk Measures

Criteria 3 Years 5 Years 10 Years
Alpha 0.20 0.26 n/a
Beta 0.10 0.08 n/a
R Squared 0.12 0.11 n/a
Std Deviation 0.97 0.76 n/a
Sharpe Ratio 0.66 0.55 n/a

Purchase Information

as of 5:04 PM ET 06/22/2021
Minimum Initial $2500
Minimum Additional $100
Minimum Initial IRA $1000


Timeframe Average Annual Current Performance Monthly As Of 08/31/2021 Average Annual Current Performance Quarterly As Of 05/31/2021 Avg Annual Current Performance Monthly As Of 08/31/2021 Avg Annual Current Performance Quarterly As Of 05/31/2021
1 Year
  • +0.18%
  • +0.68%
+0.18% +0.68%
3 Year
  • +1.70%
  • +1.88%
+1.70% +1.88%
10 Year
  • n/a
  • n/a
n/a n/a
Life Of Fund
  • +1.25%
  • +1.30%
+1.25% +1.30%

Top 10 Holdings

Symbol Company Name % Of Assets

Recent Articles from TheStreet


Tim Collins on How to Trade Nikola

Technical setups and short interest make much hated name volatile, and therefore interesting.

Chinese Firms Should Face Faster US Stock Delisting Over Audit Rules, SEC Chairman Gary Gensler Tells Lawmakers

Jim Cramer: Gensler's Plate is Very Full

SEC Chairman is key player in efforts to rein in ceaseless financial engineering.

stocks rise asset management sh

Cramer's Mad Money Recap: Advanced Micro Devices, Nvidia, Thor

Jim Cramer has your game plan for next week, which he says will be the calm before the earnings season storm.

Jim Cramer: Starbucks Needs More Traffic in Stores

Starbucks Resists Union Effort in New York Region: Report

Starbucks reportedly said it will raise wages and benefits and a union isn’t needed, to employees at three stores in Buffalo New York.

Exxon Mobil

Exxon, Occidental, Baker Hughes Make Goldman Turnaround List

Exxon has 'reduced costs, surprised to the downside on capital spending, outperformed our expectations in downstream/chemicals,' Goldman said.


Jim Cramer is Tired of the Weak Response to Chip Shortages

Companies need to forget about help from Washington and step up to the plate.

Microsoft Lead

Why 'Sarge' Guilfoyle Isn't Selling His Microsoft

Sharp management and strength across its business lines are keys to software giant.

Why Charles River Labs Is the Biotech Stock to Buy: Jim Cramer

Bret Jensen: Paratek Deal Shows Promise

While antibiotics are usually less profitable and slower to develop market share than other drugs, Paratek has a key factor in its favor.

Stocks Close Higher as Wall Street Dissects New Tax Laws

Stocks End Mixed Amid Evergrande Default Saga, Supply Chain Chaos

Evergrande's default saga, as well as mounting supply chain issues, have stocks trading mixed Friday.

bitcoin copy

Stock Market Today With Jim Cramer: China's Crypto Clampdown

Jim Cramer discusses China's crypto clampdown and Nike's report.