The Fund is managed through a duration-neutral, risk-controlled approach with a strong emphasis on the long-term perspective. The investment objective of the Fund is to seek an annual rate of total return, before fund expenses, greater than the annual rate of total return of the Bloomberg Intermediate U.S. Government/Credit Bond Index. The Fund normally invests at least 80% of its net assets in the following types of U.S. dollar-denominated debt securities: 

  • 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

The Fund only invests in debt securities rated investment-grade at the time of purchase.


ALL DATA AS OF 11/30/2022
1 Month 3 Month YTD 1 Year 3 Years 5 Years 10 Years Since Inception
Intermediate Bond Fund 2.23 -1.12 -8.64 -8.76 -1.04 0.86 1.40 3.96
Bloomberg Intermediate U.S. Government/Credit Bond Index 2.17 -1.00 -8.07 -8.19 -1.16 0.79 1.12 3.58
  • Disclosure

    Performance data quoted represents past performance. Past performance does not guarantee future results. Investment return and principal value of an investment in the fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. The funds' current performance may be lower or higher than the performance data quoted.

    The Fund may invest in mortgage- and asset-backed securities which may be subject to prepayment risk and thus may be more sensitive to interest rate changes than other types of debt securities. The Fund may also invest in U.S. dollar-denominated securities issued by foreign issuers which involve additional risks including political and economic instability, differences in financial reporting standards and less regulated securities markets. While the U.S. government has historically provided financial support to various U.S. government-sponsored agencies, no assurance can be given that it will do so in the future if it is not obligated by law. A bond's market value may be affected significantly by changes in interest rates – generally, when interest rates rise, the bond's market value declines and when interest rates decline, its market value rises ("interest rate risk").

    The Bloomberg Intermediate Government/Credit Index is a combination of the Government Index, which measures government-bond general and Treasury funds, and the Credit Bond Index, which is a market value-weighted index that tracks the returns of all publicly issued, fixed-rate, nonconvertible, dollar-denominated, SEC-registered, investment-grade Corporate Debt with maturities between one and ten years. Indices are unmanaged and are not available for direct investment.

    Time periods greater than one year are annualized.


Time Period
Type Record Date Reinvest Date Payable Date Amount per Share ($) Reinvest Price ($)
Income 11/22/2022 11/23/2022 11/25/2022 0.02050779 10.07
Income 10/24/2022 10/25/2022 10/26/2022 0.02328957 9.90
Income 9/22/2022 9/23/2022 9/26/2022 0.02028897 10.05
Income 8/22/2022 8/23/2022 8/24/2022 0.01956550 10.35
Income 7/22/2022 7/25/2022 7/26/2022 0.01813912 10.44
Income 6/22/2022 6/23/2022 6/24/2022 0.01775015 10.34
Income 5/23/2022 5/24/2022 5/25/2022 0.01693422 10.51
Income 4/22/2022 4/25/2022 4/26/2022 0.01480305 10.50
Income 3/24/2022 3/25/2022 3/28/2022 0.01304029 10.65
Income 2/23/2022 2/24/2022 2/25/2022 0.01480679 10.94
Income 1/24/2022 1/25/2022 1/26/2022 0.01081718 11.12

Portfolio Characteristics

ALL DATA AS OF 9/30/2022
Quality Profile Fund Index
U.S. Treasury 47.5% 62.6%
U.S. Agency 1.1% 2.3%
AAA 10.3% 3.5%
AA 4.0% 2.8%
A 13.6% 13.8%
BBB 23.3% 15.0%
Below BBB 0.2% 0.0%
Not Rated 0.0% 0.0%
  • Disclosure

    The quality profile is calculated on a market value-weighted basis. Per the Baird Funds prospectus, each security in the Fund is assigned the highest credit quality rating provided by a nationally recognized statistical rating organization (e.g. S&P, Moody’s, Fitch). For pre-refunded securities, the reported credit quality reflects the highest reported rating from S&P, Moody’s or Fitch for the underlying collateral. Per the Bloomberg index controlling rating methodology, each security in the index is assigned a rating using S&P, Moody’s, and Fitch (middle of three ratings, lower of two ratings, or singular rating if rated by one rating agency). Ratings are measured on a scale that generally ranges from AAA (highest) to D (lowest).

    Totals sum based on unrounded data. Breakouts are shown rounded to the nearest tenth and may not visually sum.