Baird Intermediate Bond Fund Class Institutional (BIMIX)
The Baird Intermediate Bond Fund (BIMIX) aims to achieve an annual total return greater than the Bloomberg Barclays Intermediate U.S. Government/Credit Bond Index after accounting for expenses. The fund typically invests at least 80% of its net assets in U.S. dollar-denominated debt obligations, including U.S. government and public-sector agency debt, asset-backed and mortgage-backed obligations issued by U.S. and foreign entities, and corporate debt issued by U.S. and foreign entities.
Fund Info
US0570718058
057071805
Sep 29, 2000
$10,000
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Baird Intermediate Bond Fund Class Institutional, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Baird Intermediate Bond Fund Class Institutional had a return of 3.18% year-to-date (YTD) and 6.57% in the last 12 months. Over the past 10 years, Baird Intermediate Bond Fund Class Institutional had an annualized return of 1.70%, while the S&P 500 had an annualized return of 11.11%, indicating that Baird Intermediate Bond Fund Class Institutional did not perform as well as the benchmark.
BIMIX
3.18%
-1.01%
3.08%
6.57%
0.73%
1.70%
^GSPC (Benchmark)
23.08%
0.10%
10.70%
30.05%
13.52%
11.11%
Monthly Returns
The table below presents the monthly returns of BIMIX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.34% | -0.88% | 0.73% | -1.36% | 1.22% | 0.82% | 1.90% | 1.09% | 1.10% | -1.57% | 3.18% | ||
| 2023 | 2.08% | -1.62% | 1.93% | 0.64% | -0.61% | -0.63% | 0.28% | 0.07% | -1.02% | -0.49% | 2.65% | 2.44% | 5.77% |
| 2022 | -1.50% | -0.77% | -2.52% | -2.10% | 0.64% | -1.16% | 1.62% | -2.00% | -2.72% | -0.57% | 2.23% | -0.01% | -8.63% |
| 2021 | -0.22% | -0.79% | -0.82% | 0.48% | 0.39% | 0.13% | 0.83% | -0.23% | -0.57% | -0.49% | 0.03% | -0.82% | -2.09% |
| 2020 | 1.49% | 1.35% | -1.70% | 2.15% | 1.25% | 0.95% | 1.02% | 0.01% | -0.08% | -0.19% | 0.67% | -1.00% | 6.01% |
| 2019 | 0.83% | 0.21% | 1.41% | 0.33% | 1.22% | 1.12% | 0.03% | 1.72% | -0.40% | 0.38% | -0.16% | 0.18% | 7.05% |
| 2018 | -0.85% | -0.46% | 0.28% | -0.53% | 0.58% | -0.18% | 0.13% | 0.59% | -0.33% | -0.25% | 0.31% | 1.33% | 0.60% |
| 2017 | 0.42% | 0.47% | 0.09% | 0.64% | 0.55% | -0.17% | 0.55% | 0.56% | -0.36% | 0.02% | -0.25% | 0.16% | 2.71% |
| 2016 | 1.05% | 0.57% | 0.91% | 0.45% | 0.02% | 1.44% | 0.43% | -0.16% | 0.09% | -0.35% | -1.69% | -0.11% | 2.65% |
| 2015 | 1.68% | -0.60% | 0.54% | 0.01% | -0.01% | -0.60% | 0.27% | -0.08% | 0.64% | -0.10% | -0.26% | -0.77% | 0.69% |
| 2014 | 1.07% | 0.49% | -0.25% | 0.57% | 0.83% | 0.04% | -0.26% | 0.72% | -0.51% | 0.73% | 0.47% | -0.56% | 3.36% |
| 2013 | -0.19% | 0.55% | 0.20% | 0.66% | -1.04% | -1.50% | 0.37% | -0.43% | 0.95% | 0.83% | 0.02% | -0.72% | -0.32% |
Expense Ratio
BIMIX features an expense ratio of 0.30%, falling within the medium range.
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of BIMIX is 47, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Baird Intermediate Bond Fund Class Institutional (BIMIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Baird Intermediate Bond Fund Class Institutional provided a 3.80% dividend yield over the last twelve months, with an annual payout of $0.39 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.39 | $0.33 | $0.22 | $0.18 | $0.25 | $0.29 | $0.27 | $0.26 | $0.25 | $0.25 | $0.27 | $0.27 |
Dividend yield | 3.80% | 3.20% | 2.18% | 1.58% | 2.16% | 2.53% | 2.52% | 2.33% | 2.29% | 2.27% | 2.41% | 2.49% |
Monthly Dividends
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.00 | $0.32 | |
| 2023 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.33 |
| 2022 | $0.01 | $0.02 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.22 |
| 2021 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.18 |
| 2020 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.25 |
| 2019 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.03 | $0.29 |
| 2018 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.27 |
| 2017 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.26 |
| 2016 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.25 |
| 2015 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.25 |
| 2014 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.27 |
| 2013 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.27 |
Drawdowns
Drawdowns Chart
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.
Worst Drawdowns
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 14.15%, occurring on Oct 20, 2022. The portfolio has not yet recovered.
The current Baird Intermediate Bond Fund Class Institutional drawdown is 3.43%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -14.15% | Dec 17, 2020 | 464 | Oct 20, 2022 | — | — | — |
| -6.72% | Jan 24, 2008 | 197 | Oct 31, 2008 | 133 | May 14, 2009 | 330 |
| -6.68% | Sep 11, 2007 | 13 | Sep 27, 2007 | 14 | Oct 17, 2007 | 27 |
| -5.22% | Mar 9, 2020 | 12 | Mar 24, 2020 | 43 | May 26, 2020 | 55 |
| -4.26% | Mar 18, 2004 | 40 | May 13, 2004 | 86 | Sep 16, 2004 | 126 |
Volatility
Volatility Chart
The current Baird Intermediate Bond Fund Class Institutional volatility is 0.88%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.