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Baird Intermediate Bond Fund Class Institutional (BIMIX)

Mutual Fund · Currency in USD · Last updated Mar 22, 2023

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.

Share Price Chart


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Performance

The chart shows the growth of $10,000 invested in Baird Intermediate Bond Fund Class Institutional in Oct 2022 and compares it to the S&P 500 index or another benchmark. It would be worth nearly $21,874 for a total return of roughly 118.74%. All prices are adjusted for splits and dividends.


100.00%120.00%140.00%160.00%180.00%200.00%NovemberDecember2023FebruaryMarch
118.74%
182.48%
BIMIX (Baird Intermediate Bond Fund Class Institutional)
Benchmark (^GSPC)

S&P 500

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Return

Baird Intermediate Bond Fund Class Institutional had a return of 1.63% year-to-date (YTD) and -3.34% in the last 12 months. Over the past 10 years, Baird Intermediate Bond Fund Class Institutional had an annualized return of 1.51%, while the S&P 500 had an annualized return of 9.92%, indicating that Baird Intermediate Bond Fund Class Institutional did not perform as well as the benchmark.


PeriodReturnBenchmark
1 month0.74%-1.87%
Year-To-Date1.63%4.25%
6 months1.67%2.64%
1 year-3.34%-10.31%
5 years (annualized)1.47%8.11%
10 years (annualized)1.51%9.92%

Monthly Returns Heatmap


JanFebMarAprMayJunJulAugSepOctNovDec
20232.08%-1.61%
2022-2.72%-0.57%2.23%-0.01%

Sharpe Ratio Chart

The Sharpe ratio shows whether the portfolio's excess returns are due to smart investment decisions or a result of taking a higher risk. The higher a portfolio's Sharpe ratio, the better its risk-adjusted performance.

The current Baird Intermediate Bond Fund Class Institutional Sharpe ratio is -0.61. A negative Sharpe ratio means that the risk-free rate is higher than the portfolio's return. This value does not convey any meaningful information.

The chart below displays rolling 12-month Sharpe Ratio.


-2.50-2.00-1.50-1.00-0.50NovemberDecember2023FebruaryMarch
-0.61
-0.44
BIMIX (Baird Intermediate Bond Fund Class Institutional)
Benchmark (^GSPC)

Dividend History

Baird Intermediate Bond Fund Class Institutional granted a 2.58% dividend yield in the last twelve months. The annual payout for that period amounted to $0.26 per share.


PeriodTTM20222021202020192018201720162015201420132012
Dividend$0.26$0.22$0.26$0.41$0.28$0.27$0.26$0.27$0.28$0.28$0.29$0.46

Dividend yield

2.58%2.18%2.33%3.67%2.74%2.78%2.69%2.88%3.08%3.12%3.33%5.29%

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.


JanFebMarAprMayJunJulAugSepOctNovDec
2023$0.02$0.02
2022$0.01$0.01$0.01$0.01$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.03
2021$0.01$0.02$0.01$0.01$0.02$0.01$0.01$0.01$0.01$0.01$0.01$0.09
2020$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.18
2019$0.02$0.02$0.02$0.03$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.03
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
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
2016$0.01$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.05
2015$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.06
2014$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.04
2013$0.02$0.02$0.02$0.03$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.05
2012$0.02$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.16

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way.


-25.00%-20.00%-15.00%-10.00%NovemberDecember2023FebruaryMarch
-8.60%
-16.55%
BIMIX (Baird Intermediate Bond Fund Class Institutional)
Benchmark (^GSPC)

Worst Drawdowns

The table below shows the maximum drawdowns of the Baird Intermediate Bond Fund Class Institutional. A maximum drawdown is an indicator of risk. It shows a reduction in portfolio value from its maximum due to a series of losing trades.

The maximum drawdown since January 2010 for the Baird Intermediate Bond Fund Class Institutional is 12.76%, recorded on Oct 20, 2022. The portfolio has not recovered from it yet.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-12.76%Aug 4, 2021307Oct 20, 2022
-6.73%Jan 24, 2008196Oct 31, 2008133May 14, 2009329
-6.69%Sep 11, 200713Sep 27, 200714Oct 17, 200727
-5.22%Mar 9, 202012Mar 24, 202043May 26, 202055
-4.26%Mar 18, 200440May 13, 200486Sep 16, 2004126
-4.13%Jun 16, 200342Aug 14, 2003102Jan 9, 2004144
-4.08%Nov 8, 200127Dec 17, 2001117Jun 6, 2002144
-3.46%May 3, 201387Sep 5, 2013122Mar 3, 2014209
-3.19%Nov 5, 201028Dec 15, 201093Apr 29, 2011121
-2.84%Sep 30, 201654Dec 15, 2016112May 30, 2017166

Volatility Chart

Current Baird Intermediate Bond Fund Class Institutional volatility is 10.07%. The chart below shows the rolling 10-day volatility. Volatility is a statistical measure showing how big price swings are in either direction. The higher asset volatility, the riskier it is, because the price movements are less predictable.


0.00%10.00%20.00%30.00%40.00%NovemberDecember2023FebruaryMarch
10.07%
22.09%
BIMIX (Baird Intermediate Bond Fund Class Institutional)
Benchmark (^GSPC)