Daniel Tranchita, a portfolio manager on several Baird fixed-income strategies, announced his retirement from the firm effective June 30, 2021. A firm veteran who was named on this strategy since inception, he is retiring from the industry to spend more time on personal affairs. Tranchita, who formerly led the firm’s structured products research, leaves behind a well-resourced team that has grown in recent years. Meghan Dean, named to this strategy in May 2019, and Patrick Brown, named in May 2021, will succeed him as co-leads of structured product research following Tranchita’s retirement. Given that he has a supporting role on this strategy and that the rest of the portfolio management team remains stable, the strategy retains its Above Average People Pillar rating and overall Morningstar Analyst Ratings.
Baird Aggregate Bond Inv BAGSX
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will BAGSX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
Process Pillar
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable BAGSX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the BAGSX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of BAGSX’s parent organization’s priorities and whether they’re in line with investors’ interests.
Manager Retirement on Baird Aggregate Bond; Ratings Unchanged
