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

Performance

  • 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

Performance

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
n/a

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