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).
Will BCOIX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
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.
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.
The Parent Pillar is our rating of BCOIX’s parent organization’s priorities and whether they’re in line with investors’ interests.