Baird Intermediate Bond Fund Class Institutional (BIMIX)

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Baird Intermediate Bond Fund Class Institutional (BIMIX) is down 0.1% since the beginning of the year. BIMIX is currently trading at $10 per share. Investors who bought $1,000 worth of BIMIX shares 5 years ago would now be looking at an investment worth $1,060.

Baird Intermediate Bond Fund Class Institutional (BIMIX) has returned -0.06% so far this year and 3.45% over the past 12 months. Over the last ten years, BIMIX has returned 2.12% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since Sep 29, 2000, BIMIX's average daily return is +0.02%, while the average monthly return is +0.33%. At this rate, an investment would double in approximately 17.5 years.

Historically, 67% of months were positive and 33% were negative. The best month was Sep 2003 with a return of +2.8%, while the worst month was Jul 2003 at -3.1%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 5 months.

On a daily basis, BIMIX closed higher 44% of trading days. The best single day was Mar 18, 2009 with a return of +1.5%, while the worst single day was Jun 21, 2006 at -1.4%.

Baird Intermediate Bond Fund Class Institutional has an annualized alpha of 4.30%, beta of -0.04, and R2 of 0.04 versus S&P 500 Index. Calculated based on daily prices since September 29, 2000.

• This fund captured 10.34% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -6.97%) - a profile typical of hedging or uncorrelated assets.
• Beta of -0.04 may look defensive, but with R2 of 0.04 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.04 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

BIMIX has an expense ratio of 0.30%, placing it in the medium range.

BIMIX ranks 26 for risk / return — below 26% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.

Baird Intermediate Bond Fund Class Institutional provided a 3.72% dividend yield over the last twelve months, with an annual payout of $0.39 per share.

The table displays the monthly dividend distributions for Baird Intermediate Bond Fund Class Institutional. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Baird Intermediate Bond Fund Class Institutional. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Baird Intermediate Bond Fund Class Institutional was 12.76%, occurring on Oct 20, 2022. Recovery took 476 trading sessions.

The current Baird Intermediate Bond Fund Class Institutional drawdown is 1.32%.

The chart below shows the rolling one-month volatility.