Morningstar Names Baird Core Plus Bond Fund and Baird Short-Term Bond Fund to Fantastic 43 List
MILWAUKEE, October 4, 2017 – Employee-owned Baird announced today Baird Core Plus Bond (BCOIX/BCOSX) and Baird Short-Term Bond Fund (BSBIX/BSBSX) were selected for Morningstar's Fantastic 43 mutual fund list.
Russel Kinnel, Director Manager Research and Editor, pares the universe of more than 8,000 mutual funds to just 43. About the Baird Funds, Morningstar said, "They are well-run conservative bond funds that are a welcome contrast with some of the giant bond funds that are loaded with derivatives or higher-risk debt. The funds are a bargain with 0.30% expense ratios."
Kinnel used a quantitative test that screens for funds in the cheapest quintile of their category and that have manager investment of more than $1 million in the fund, a Morningstar Risk rating below the high level, a Morningstar Analyst Rating of Bronze or higher, a Parent Rating of Positive, and returns above the fund's benchmark over the manager's tenure, among other things.
"It is a considerable accomplishment to have two of our eight bond funds included," said Mary Ellen Stanek, Managing Director, Chief Investment Officer, and President of the Baird Funds, "We are honored to be on this esteemed list."
About Baird Advisors
Baird Advisors is Baird's fixed income asset management division and advisor to the Baird Bond Funds. The group manages more than $57 billion in taxable and tax-exempt fixed income portfolios including, Baird Core Plus Bond Fund, Aggregate Bond Fund, Baird Intermediate Bond Fund, Baird Short-Term Bond Fund, Baird Ultra Short Bond Fund, Baird Short-Term Municipal Bond Fund, Baird Core Intermediate Municipal Bond Fund, and Baird Quality Intermediate Municipal Bond Fund. For more information, visit www.bairdfunds.com.
Baird is an employee-owned, international wealth management, capital markets, private equity and asset management firm with offices in the United States, Europe and Asia. Established in 1919, Baird has more than 3,400 associates serving the needs of individual, corporate, institutional and municipal clients. Baird has more than $171 billion in client assets. Committed to being a great place to work, Baird ranked No. 4 on FORTUNE's 100 Best Companies to Work For in 2017 – its 14th consecutive year on the list. Baird is the marketing name of Baird Financial Group. Baird's principal operating subsidiaries are Robert W. Baird & Co. in the United States and Robert W. Baird Group Ltd. in Europe. Baird also has an operating subsidiary in Asia supporting Baird's investment banking and private equity operations. For more information, please visit Baird's website at www.rwbaird.com.
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Some of the potential risks associated with fixed income investments include call risk, reinvestment risk, default risk and inflation risk. Additionally, it is important that an investor is familiar with the inverse relationship between a bond's price and its yield. Bond prices will fall as interest rates rise and vice versa.