Ultra Short Bond Strategy

The investment objective of the Ultra Short Bond Strategy is to seek current income consistent with the preservation of capital. 

The strategy 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
  • Corporate debt of U.S. and foreign issuers
  • Money market instruments

The strategy invests primarily in investment-grade debt obligations, but may invest up to 10% of its net assets in non-investment-grade obligations. Non-investment-grade obligations, at the time of purchase, are generally rated at least B or higher by at least one major rating agency or, if unrated, determined by Baird Advisors to be comparable in quality to the rated obligations.

To learn more, contact one of our investment professionals.