Baird Ultra Short Bond, a relatively newer addition to Baird’s taxable fixed-income franchise, sports the same highly competent team and stellar investment process that have so bolstered its longer-dated cousins. It earns a Morningstar Analyst Rating of Gold on its cheaper share class and Silver on its more expensive option.
Baird Ultra Short Bond Institutional BUBIX
NAV / 1-Day Return
10.07
/
0.00
Total Assets
5.9 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.
0.150%
Expense Ratio
0.150%
Fee Level
Low
Longest Manager Tenure
7.35
years
Category
Ultrashort Bond
Credit Quality / Interest Rate Sensitivity
Medium / LimitedMin. Initial Investment
10,000
Status
Open
TTM Yield
0.95%
Effective Duration
0.53
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 BUBIX 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 BUBIX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the BUBIX 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 BUBIX’s parent organization’s priorities and whether they’re in line with investors’ interests.
An excellent contender at the shortest end of the credit curve.
