This fund keeps it short and simple.

Baird Short-Term Bond’s straightforward approach has its merits.

Mary Ellen Stanek and her five comanagers apply their trademark, low-adrenaline strategy in running this short-term bond fund. They don’t make interest-rate bets and avoid derivatives. Instead, the team keeps the fund’s duration pegged to its benchmark, the Barclays 1-3 Year Government/Credit Index, and attempts to add value through sector and security selection.

That strategy still leaves Stanek and her team significant leeway when it comes to positioning the fund.

Read the full analysis.