Morningstar

Baird Ultra Short Bond Fund Investor Class BUBSX

Morningstar Medalist Rating
Medalist Rating as of | See Baird Investment Hub
  • NAV / 1-Day Return 10.16  /  0.00
  • Total Assets 9.5B
  • Adj. Expense Ratio
    0.400%
  • Expense Ratio 0.400%
  • Distribution Fee Level Average
  • Share Class Type No Load
  • Category Ultrashort Bond
  • Credit Quality / Interest Rate Sensitivity Medium/Limited
  • Min. Initial Investment 2,500
  • Status Open
  • TTM Yield 3.99%
  • Effective Duration 0.54 years

USD | NAV as of Jul 21, 2026 | 1-Day Return as of Jul 21, 2026, 1:07 AM GMT+0

Morningstar’s Analysis BUBSX

Will BUBSX outperform in the 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 BUBSX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

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

Consistent and excellent.

Director Alec Lucas

Alec Lucas

Director

Summary

Strong execution and a process whose incremental advantages add up make Baird Ultra Short Bond a top choice in the ultrashort bond Morningstar Category.

by Alec Lucas
Rated on Published on

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Portfolio Holdings BUBSX

More BUBSX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 7.1
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

United States Treasury Notes 3.75%

4.45 414M
Government

United States Treasury Notes 3.88%

4.30 399M
Government

United States Treasury Notes 4.13%

3.93 365M
Government

First American Government Obligs U

3.83 356M
Cash and Equivalents

United States Treasury Notes 4.13%

1.83 170M
Government

United States Treasury Notes 4.25%

1.56 145M
Government

United States Treasury Notes 4.13%

1.51 140M
Government

United States Treasury Notes 3.75%

1.51 140M
Cash and Equivalents

United States Treasury Notes 4.25%

1.45 135M
Government

Bank of America Corp. 1.73%

1.02 94M
Corporate

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