Baird Ultra Short Bond Fund Institutional Class (BUBIX)

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Baird Ultra Short Bond Fund Institutional Class (BUBIX) is up 1.5% since the beginning of the year. BUBIX is currently trading at $10 per share. Investors who bought $1,000 worth of BUBIX shares 5 years ago would now be looking at an investment worth $1,195.

Baird Ultra Short Bond Fund Institutional Class (BUBIX) has returned 1.52% so far this year and 3.51% over the past 12 months. Over the last ten years, BUBIX has returned 2.68% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.

Based on dividend-adjusted daily data since Jan 3, 2014, BUBIX's average daily return is +0.01%, while the average monthly return is +0.19%. At this rate, an investment would double in approximately 30.4 years.

Historically, 84% of months were positive and 16% were negative. The best month was Apr 2020 with a return of +0.9%, while the worst month was Mar 2020 at -0.9%. The longest winning streak lasted 41 consecutive months, and the longest losing streak was 4 months.

On a daily basis, BUBIX closed higher 14% of trading days. The best single day was Feb 24, 2023 with a return of +0.5%, while the worst single day was Feb 27, 2023 at -0.5%.

Baird Ultra Short Bond Fund Institutional Class has an annualized alpha of 2.30%, beta of 0.00, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since January 03, 2014.

• This fund captured 5.90% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -3.97%) - a profile typical of hedging or uncorrelated assets.
• Beta of 0.00 may look defensive, but with R2 of 0.00 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 0.00 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.

BUBIX has an expense ratio of 0.15%, which is considered low.

BUBIX ranks 99 for risk / return — above 99% of mutual funds peers on PortfoliosLab. Its historical combined result is among the stronger results in the peer group.

Baird Ultra Short Bond Fund Institutional Class provided a 3.55% dividend yield over the last twelve months, with an annual payout of $0.36 per share.

The table displays the monthly dividend distributions for Baird Ultra Short Bond Fund Institutional Class. 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 Ultra Short 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 Ultra Short Bond Fund Institutional Class was 1.88%, occurring on Mar 24, 2020. Recovery took 33 trading sessions.

The chart below shows the rolling one-month volatility.