Ultra Short Bond Fund
Overview
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 current income consistent with preservation of capital. The Fund’s benchmark is the Bloomberg U.S. Short-Term Government/Corporate 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
- Money market instruments
The Fund invests primarily in investment-grade debt securities, but may invest up to 10% of its net assets in non-investment-grade securities.
Awards

The Baird Ultra Short Bond Fund (Institutional Class) received a Gold Morningstar Analyst Rating.™ The Fund’s Investor Share Class received a Silver Morningstar Analyst Rating.™
Performance
1 Month | 3 Month | YTD | 1 Year | 3 Years | 5 Years | Since Inception | |
---|---|---|---|---|---|---|---|
Ultra Short Bond Fund | 0.52 | 1.50 | 0.52 | 1.66 | 1.03 | 1.66 | 1.40 |
Bloomberg Short-Term U.S. Government/Corporate Bond Index | 0.39 | 1.16 | 0.39 | 1.17 | 0.77 | 1.41 | 1.03 |
Morningstar Ratings
Category | Overall | 3 Year | 5 Year | |
---|---|---|---|---|
Ultra Short Bond Fund | Ultrashort Bond |
(218 funds)
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(218 funds)
|
(180 funds)
|
Distributions
Type | Record Date | Reinvest Date | Payable Date | Amount per Share ($) | Reinvest Price ($) |
---|---|---|---|---|---|
Income | 1/24/2023 | 1/25/2023 | 1/26/2023 | 0.02202583 | 10.01 |
Income | 12/27/2022 | 12/28/2022 | 12/29/2022 | 0.03477225 | 9.98 |
Income | 11/22/2022 | 11/23/2022 | 11/25/2022 | 0.02216723 | 9.96 |
Income | 10/24/2022 | 10/25/2022 | 10/26/2022 | 0.02057126 | 9.95 |
Income | 9/22/2022 | 9/23/2022 | 9/26/2022 | 0.01664274 | 9.96 |
Income | 8/22/2022 | 8/23/2022 | 8/24/2022 | 0.01371136 | 9.98 |
Income | 7/22/2022 | 7/25/2022 | 7/26/2022 | 0.01162132 | 9.97 |
Income | 6/22/2022 | 6/23/2022 | 6/24/2022 | 0.00911434 | 9.97 |
Income | 5/23/2022 | 5/24/2022 | 5/25/2022 | 0.00733179 | 9.99 |
Income | 4/22/2022 | 4/25/2022 | 4/26/2022 | 0.00630497 | 9.98 |
Income | 3/24/2022 | 3/25/2022 | 3/28/2022 | 0.00554419 | 9.99 |
Income | 2/23/2022 | 2/24/2022 | 2/25/2022 | 0.00475058 | 10.01 |
Income | 1/24/2022 | 1/25/2022 | 1/26/2022 | 0.00284784 | 10.04 |
Portfolio Characteristics
Quality Profile | Fund | Index |
---|---|---|
U.S. Treasury | 23.6% | 77.2% |
U.S. Agency | 0.0% | 4.5% |
AAA | 20.5% | 0.2% |
AA | 2.1% | 1.6% |
A | 16.4% | 9.8% |
BBB | 37.1% | 6.6% |
Below BBB | 0.0% | 0.0% |
Not Rated | 0.3% | 0.0% |