The stalwart team helming Baird Core Plus Bond adheres to a disciplined process and benefits from low fees. Our conviction in this strategy’s team and process is unchanged, but under our new ratings methodology both share classes are downgraded to Morningstar Analyst Ratings of Silver from Gold given the presence of other highly rated competitors in the intermediate core-plus bond Morningstar Category (its home following the split of its prior intermediate-term bond category in May 2019).
Baird Core Plus Bond Inst BCOIX
NAV / 1-Day Return
12.24
/
0.41
%
Total Assets
27.4 Bil
Adj. Expense Ratio
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.
0.300%
Expense Ratio
0.300%
Fee Level
Low
Longest Manager Tenure
19.87
years
Category
US Fund Intermediate Core-Plus Bond
Credit Quality / Interest Rate Sensitivity
Medium / ModerateMin. Initial Investment
25,000
Status
Open
TTM Yield
2.67%
Effective Duration
5.89
years
Premium
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 BCOIX 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 BCOIX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the BCOIX 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 BCOIX’s parent organization’s priorities and whether they’re in line with investors’ interests.
A compelling choice for the core plus bond investor.
