Baird Aggregate Bond is a Solid Value Proposition – A Morningstar Analyst Report


Morningstar Analyst: Baird Aggregate Bond is a solid value proposition

November 5, 2010
This fund’s success starts with its low fees. Since its inception in late 2000, its expense ratios have ranked in or near the cheapest quartile of similar intermediate-term bond funds. On an absolute basis this advantage is small—its retail and institutional share classes charge 0.12% and 0.25% cheaper than their median peer, respectively—but it adds up over time. And after bond fund returns dispersed widely in 2008 and 2009, the gap between top- and bottom-quartile performance in 2010 has compressed back to the same small margin of around 2 percentage points in prior years. 

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