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2 Newly Rated--and Exceptional--Funds

Here's what we think of a bond fund from a well-respected shop and an intriguing mid-cap stock fund with a well-heeled manager.

Today we’re looking at two funds that Morningstar’s analysts have brought under coverage during the past few months. 

Baird Ultra Short Bond (BUBIX), a newer addition to Baird’s taxable fixed-income franchise, sports the same highly competent team and stellar investment process that has bolstered other funds in the family. It earns a Morningstar Analyst Rating of Gold on its cheaper share class and Silver on its more expensive option.