Baird Short-Term Bond Fund Institutional Class (BSBIX)
The Baird Short-Term Bond Fund (BSBIX) aims to achieve a total return, before expenses, higher than the annual return of the Bloomberg Barclays 1-3 Year U.S. Government/Credit Bond Index. The fund primarily invests at least 80% of its assets in U.S. dollar-denominated debt obligations, including U.S. government debt, asset-backed and mortgage-backed securities from U.S. and foreign issuers, and corporate debt from U.S. and foreign issuers. In addition, the fund only invests in debt securities rated as investment-grade by at least one major rating agency or, if unrated, deemed investment-grade by the advisor.
Fund Info
| ISIN | US0570714099 |
|---|---|
| CUSIP | 057071409 |
| Issuer | Baird |
| Inception Date | Aug 31, 2004 |
| Category | Short-Term Bond |
| Min. Investment | $10,000 |
| Index Tracked | Bloomberg Barclays 1-3 Year U.S. Government/Credit Bond Index |
| Home Page | www.bairdassetmanagement.com |
| Asset Class | Bond |
Expense Ratio
BSBIX features an expense ratio of 0.30%, falling within the medium range.
Share Price Chart
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Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Popular comparisons: BSBIX vs. MWTRX, BSBIX vs. GSSRX, BSBIX vs. VOO, BSBIX vs. SCHD, BSBIX vs. DODIX, BSBIX vs. JPLD, BSBIX vs. FNSOX, BSBIX vs. VCSH, BSBIX vs. SCHO, BSBIX vs. FFIZX
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Baird Short-Term Bond Fund Institutional Class, 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 Short-Term Bond Fund Institutional Class had a return of 4.46% year-to-date (YTD) and 6.44% in the last 12 months. Over the past 10 years, Baird Short-Term Bond Fund Institutional Class had an annualized return of 1.95%, while the S&P 500 had an annualized return of 11.39%, indicating that Baird Short-Term Bond Fund Institutional Class did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 4.46% | 25.48% |
| 1 month | -0.05% | 2.14% |
| 6 months | 3.18% | 12.76% |
| 1 year | 6.44% | 33.14% |
| 5 years (annualized) | 1.86% | 13.96% |
| 10 years (annualized) | 1.95% | 11.39% |
Monthly Returns
The table below presents the monthly returns of BSBIX, 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 | 0.49% | -0.29% | 0.58% | -0.30% | 0.78% | 0.58% | 1.23% | 0.89% | 0.89% | -0.57% | 4.46% | ||
| 2023 | 1.06% | -0.60% | 1.03% | 0.48% | -0.16% | -0.26% | 0.63% | 0.40% | -0.02% | 0.33% | 1.31% | 1.34% | 5.66% |
| 2022 | -0.76% | -0.53% | -1.36% | -0.64% | 0.54% | -0.83% | 0.67% | -0.69% | -1.23% | -0.23% | 1.08% | 0.27% | -3.67% |
| 2021 | -0.01% | 0.01% | -0.11% | 0.09% | 0.20% | -0.11% | 0.19% | -0.02% | -0.12% | -0.32% | -0.12% | -0.41% | -0.73% |
| 2020 | 0.67% | 0.71% | -1.83% | 1.74% | 0.89% | 0.77% | 0.45% | 0.15% | 0.03% | 0.12% | 0.23% | -0.46% | 3.48% |
| 2019 | 0.59% | 0.30% | 0.72% | 0.24% | 0.62% | 0.63% | -0.00% | 0.82% | 0.01% | 0.41% | -0.01% | 0.27% | 4.69% |
| 2018 | -0.19% | -0.16% | 0.05% | -0.03% | 0.38% | 0.06% | 0.08% | 0.41% | -0.01% | 0.09% | 0.09% | 0.69% | 1.49% |
| 2017 | 0.31% | 0.13% | 0.13% | 0.25% | 0.34% | -0.06% | 0.34% | 0.25% | -0.07% | 0.05% | -0.16% | 0.00% | 1.53% |
| 2016 | 0.30% | 0.15% | 0.76% | 0.33% | 0.14% | 0.65% | 0.23% | -0.07% | 0.12% | 0.03% | -0.49% | 0.10% | 2.26% |
| 2015 | 0.61% | -0.06% | 0.24% | 0.13% | 0.11% | -0.17% | 0.12% | -0.08% | 0.23% | 0.01% | 0.03% | -0.32% | 0.85% |
| 2014 | 0.41% | 0.25% | -0.07% | 0.35% | 0.34% | 0.04% | -0.07% | 0.23% | -0.17% | 0.33% | 0.12% | -0.32% | 1.45% |
| 2013 | 0.24% | 0.14% | 0.14% | 0.27% | -0.16% | -0.46% | 0.33% | -0.07% | 0.35% | 0.44% | 0.24% | -0.32% | 1.14% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of BSBIX is 94, placing it in the top 6% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Baird Short-Term Bond Fund Institutional Class (BSBIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Baird Short-Term Bond Fund Institutional Class provided a 4.19% dividend yield over the last twelve months, with an annual payout of $0.40 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 | $0.40 | $0.32 | $0.16 | $0.11 | $0.19 | $0.24 | $0.21 | $0.17 | $0.16 | $0.15 | $0.16 | $0.17 |
Dividend yield | 4.19% | 3.42% | 1.77% | 1.11% | 1.89% | 2.50% | 2.20% | 1.73% | 1.61% | 1.58% | 1.65% | 1.75% |
Monthly Dividends
The table displays the monthly dividend distributions for Baird Short-Term Bond Fund Institutional Class. 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 | $0.04 | $0.03 | $0.04 | $0.04 | $0.00 | $0.33 | |
| 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 | $0.32 |
| 2022 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.16 |
| 2021 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.11 |
| 2020 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.19 |
| 2019 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.24 |
| 2018 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.21 |
| 2017 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.17 |
| 2016 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.16 |
| 2015 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.15 |
| 2014 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.16 |
| 2013 | $0.01 | $0.01 | $0.01 | $0.02 | $0.01 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.17 |
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 Short-Term Bond Fund Institutional Class. 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 Short-Term Bond Fund Institutional Class was 6.49%, occurring on Nov 3, 2022. Recovery took 283 trading sessions.
The current Baird Short-Term Bond Fund Institutional Class drawdown is 0.57%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -6.49% | Dec 17, 2020 | 474 | Nov 3, 2022 | 283 | Dec 20, 2023 | 757 |
| -4.59% | Jan 24, 2008 | 212 | Nov 24, 2008 | 146 | Jun 25, 2009 | 358 |
| -4.33% | Mar 9, 2020 | 12 | Mar 24, 2020 | 44 | May 27, 2020 | 56 |
| -1.12% | Nov 5, 2010 | 36 | Dec 28, 2010 | 74 | Apr 13, 2011 | 110 |
| -1.04% | Aug 5, 2011 | 43 | Oct 5, 2011 | 77 | Jan 26, 2012 | 120 |
Volatility
Volatility Chart
The current Baird Short-Term Bond Fund Institutional Class volatility is 0.32%, 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.