A Strong Partner in Fixed Income Investing

Seamless Teamwork. Proven Process.

Decades of shared fixed income investment management experience has shown us that it takes a strong team to deliver consistent performance through dynamic and challenging markets.  Our intergenerational talent works closely together, bringing the advantages of diverse backgrounds and perspectives to every decision we make, with a common focus on our clients.

As manager of Baird Funds’ fixed income offerings, our team consistently follows a time-tested approach designed to control risk while adding incremental value through yield-curve positioning, sector allocation, security selection and competitive execution. Our funds are available at competitively low fees, and Baird Short-Term Bond Fund (BSBIX), Baird Ultra-Short Bond Fund (BUBIX), Baird Aggregate Bond Fund (BAGIX), and Baird Core Plus Bond Fund (BCOIX) all receive a Gold Morningstar Medalist Analyst Rating™.

Mary Ellen Stanek, Co-Chief Investment Officer, described the team’s focus to Morningstar in 2020:

We don't try to hit home runs and make a big duration or interest-rate call because we think the chances of hitting that Grand Slam or that home run are—even for the best of hitters—not all that high. The risk of striking out is actually quite high, and for us that is not commensurate with why people own bonds in the first place. They own them for predictability, for cash flow properties, to lower overall volatility in their portfolios, liquidity--for any number of reasons. What our team tries to do is provide as smooth a ride as we can—to be a lot more right than wrong and take a lot of little bets, if you will, hit a lot of singles. And, compound that consistency.

 

Baird Advisors Difference

For more than 30 years, Baird Advisors’ core leadership team has worked together uniquely positioning them to help clients meet their near- and long-term investment objectives. Their philosophy is built on timeless principles.

  • A skilled investment team comprising complementary backgrounds and diverse perspectives
  • Competitive, risk-controlled returns
  • High-quality, attractively priced products
  • An unwavering focus on investors’ needs

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Performance data represents past performance and does not guarantee future results. The investment return and principal value of the investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Current performance data may be lower or higher than the data quoted. To obtain the fund’s performance to the most recent month end, SEC 30-day yield information, any sales charges, maximum sales charges, loads, fees, total annual operating expense ratio, gross of any fee waivers or expense reimbursements as stated in the fee table, contact Baird directly at 866-442-2473 or visit the fund’s website here.

Investors should consider the investment objectives, risks, charges and expenses of each fund carefully before investing. This and other information is found in the prospectus and summary prospectus. For a prospectus or summary prospectus, contact Baird directly at 866-442-2473. Please read the prospectus or summary prospectus carefully before investing.

Expense Ratio for the Institutional Share Classes is 0.30%; for the Investor Share Classes is 0.55%. the Advisor has contractually agreed to waive management fees for the Ultra Short Bond Fund in an amount equal to an annual rate of 0.15% of the average daily net assets for the Fund until April 30, 2025.

The Net expense ratio is the Gross expense ratio minus any reimbursement from the Advisor. Investor class expense ratios include 0.25% 12b-1 fee.

Fixed income is generally considered to be a more conservative investment than stocks, but bonds and other fixed income investments still carry a variety of risk such as interest rate risk, regulatory risk, credit risk, inflation risk, call risk, default risk, political risk, tax policy risk and liquidity risk. In a rising interest rate environment, the value of fixed-income securities generally decline and conversely, in a falling interest rate environment, the value of fixed income securities generally increase.  

© 2025 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

The Morningstar Medalist RatingTM is the summary expression of Morningstar’s forward-looking analysis of investment strategies as offered via specific vehicles using a rating scale of Gold, Silver, Bronze, Neutral, and Negative. The Medalist Ratings indicate which investments Morningstar believes are likely to outperform a relevant index or peer group average on a risk-adjusted basis over time. Investment products are evaluated on three key pillars (People, Parent, and Process) which, when coupled with a fee assessment, forms the basis for Morningstar’s conviction in those products’ investment merits and determines the Medalist Rating they’re assigned. Pillar ratings take the form of Low, Below Average, Average, Above Average, and High. Pillars may be evaluated via an analyst’s qualitative assessment (either directly to a vehicle the analyst covers or indirectly when the pillar ratings of a covered vehicle are mapped to a related uncovered vehicle) or using algorithmic techniques. Vehicles are sorted by their expected performance into rating groups defined by their Morningstar Category and their active or passive status. When analysts directly cover a vehicle, they assign the three pillar ratings based on their qualitative assessment, subject to the oversight of the Analyst Rating Committee, and monitor and reevaluate them at least every 14 months. When the vehicles are covered either indirectly by analysts or by algorithm, the ratings are assigned monthly. For more detailed information about these ratings, including their methodology, please go to global.morningstar.com/managerdisclosures/.

The Morningstar Medalist Ratings are not statements of fact, nor are they credit or risk ratings. The Morningstar Medalist Rating (i) should not be used as the sole basis in evaluating an investment product, (ii) involves unknown risks and uncertainties which may cause expectations not to occur or to differ significantly from what was expected, (iii) are not guaranteed to be based on complete or accurate assumptions or models when determined algorithmically, (iv) involve the risk that the return target will not be met due to such things as unforeseen changes in management, technology, economic development, interest rate development, operating and/or material costs, competitive pressure, supervisory law, exchange rate, tax rates, exchange rate changes, and/or changes in political and social conditions, and (v) should not be considered an offer or solicitation to buy or sell the investment product. A change in the fundamental factors underlying the Morningstar Medalist Rating can mean that the rating is subsequently no longer accurate.