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
The Baird Short-Term Bond Fund Institutional Class has a high expense ratio of 0.30%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Popular comparisons: BSBIX vs. SCHD, BSBIX vs. VOO, BSBIX vs. GSSRX, BSBIX vs. MWTRX
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 0.35% year-to-date (YTD) and 4.47% in the last 12 months. Over the past 10 years, Baird Short-Term Bond Fund Institutional Class had an annualized return of 1.74%, while the S&P 500 had an annualized return of 10.37%, indicating that Baird Short-Term Bond Fund Institutional Class did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 0.35% | 5.06% |
| 1 month | -0.17% | -3.23% |
| 6 months | 3.36% | 17.14% |
| 1 year | 4.47% | 20.62% |
| 5 years (annualized) | 1.79% | 11.54% |
| 10 years (annualized) | 1.74% | 10.37% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.49% | -0.29% | 0.58% | |||||||||
| 2023 | -0.03% | 0.33% | 1.31% | 1.34% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
Baird Short-Term Bond Fund Institutional Class(BSBIX)
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 granted a 3.71% dividend yield in the last twelve months. The annual payout for that period amounted to $0.35 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.35 | $0.32 | $0.17 | $0.14 | $0.26 | $0.24 | $0.21 | $0.17 | $0.15 | $0.16 | $0.16 | $0.17 |
Dividend yield | 3.71% | 3.41% | 1.79% | 1.42% | 2.61% | 2.49% | 2.21% | 1.73% | 1.60% | 1.62% | 1.70% | 1.78% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.03 | $0.03 | $0.03 | |||||||||
| 2023 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 |
| 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 |
| 2021 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.04 |
| 2020 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.09 |
| 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 |
| 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 |
| 2017 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 |
| 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 |
| 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 |
| 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 |
| 2013 | $0.01 | $0.01 | $0.01 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
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 5.95%, occurring on Nov 3, 2022. Recovery took 272 trading sessions.
The current Baird Short-Term Bond Fund Institutional Class drawdown is 0.74%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -5.95% | Jun 11, 2021 | 354 | Nov 3, 2022 | 272 | Dec 5, 2023 | 626 |
| -4.6% | Jan 24, 2008 | 212 | Nov 24, 2008 | 146 | Jun 25, 2009 | 358 |
| -4.34% | Mar 9, 2020 | 12 | Mar 24, 2020 | 44 | May 27, 2020 | 56 |
| -1.04% | Aug 5, 2011 | 43 | Oct 5, 2011 | 65 | Jan 9, 2012 | 108 |
| -0.99% | Nov 5, 2010 | 27 | Dec 14, 2010 | 59 | Mar 10, 2011 | 86 |
Volatility
Volatility Chart
The current Baird Short-Term Bond Fund Institutional Class 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.