Baird Short-Term Bond’s straightforward approach has its merits.
December 29, 2011
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.