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Morningstar

Baird Short-Term Bond Inst BSBIX

Morningstar Medalist Rating
Medalist Rating as of | See Baird Investment Hub
  • NAV / 1-Day Return 9.23  /  0.00
  • Total Assets 9.2 Bil
  • Adj. Expense Ratio
    0.300%
  • Expense Ratio 0.300%
  • Distribution Fee Level Low
  • Share Class Type Institutional
  • Category Short-Term Bond
  • Credit Quality / Interest Rate Sensitivity Medium / Limited
  • Min. Initial Investment 10,000
  • Status Open
  • TTM Yield 3.12%
  • Effective Duration 1.86 years

USD | NAV as of Sep 29, 2023 | 1-Day Return as of Sep 29, 2023, 10:12 PM GMT+0

Morningstar’s Analysis BSBIX

Will BSBIX 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 BSBIX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the BSBIX 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 BSBIX’s parent organization’s priorities and whether they’re in line with investors’ interests.

An excellent team and process to match.

Director Alec Lucas

Alec Lucas

Director

Summary

Appreciation for how Baird Short-term Bond’s capable and collaborative investing culture pairs with the firm’s simple but effective style earns an upgrade of the investor shares’ Morningstar Analyst Rating to Gold from Silver, while its institutional shares remain Gold.

by Alec Lucas
Rated on Published on

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Portfolio Holdings BSBIX

More BSBIX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 452
  • Other Holdings 9
  • % Assets in Top 10 Holdings 24.4
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

United States Treasury Notes 3.13%

8.37
767,440,818
Government

United States Treasury Notes 2.88%

7.19
659,055,418
Government

First American Government Obligs U

4.35
398,801,914
Cash and Equivalents

United States Treasury Notes 1.5%

3.57
326,989,252
Government

United States Treasury Notes 4%

2.11
193,286,489
Government

Synchrony Card Issuance Trust 2018-1 3.37%

0.58
53,146,534
Securitized

Bank of Montreal 1.5%

0.56
51,688,363
Corporate

Western Digital Corp. 4.75%

0.55
50,073,850
Corporate

FIRSTKEY HOMES TRUST 1.27%

0.53
48,411,074
Securitized

DnB Bank ASA 5.9%

0.51
47,091,812
Corporate