Recently published Morningstar reports reveal Silver Analyst Ratings for Baird Aggregate Bond Fund (BAGIX), Baird Core Plus Bond Fund (BCOIX) and Baird Short-Term Bond Fund (BSBIX). For more information, read Morningstar's Take:
Morningstar Analyst Report: Baird Aggregate Bond Inst BAGIX
Form and function come together seamlessly in this Silver-rated core bond fund.
Morningstar Analyst Report: Baird Core Plus Bond Inst BCOIX
This fund is honest about its capabilities, anchored in experience, and positioned to its strengths.
Morningstar Analyst Report: Baird Short-Term Bond Inst BSBIX
Consistent and risk conscious wins the race.
Analyst Rating is the summary expression of Morningstar's forward-looking analysis of a fund. Morningstar analysts assign the ratings on a five-tier scale with three positive ratings of Gold, Silver, and Bronze, a Neutral rating, and a Negative rating. The Analyst Rating is based on the analyst's conviction in the fund's ability to outperform its peer group and/or relevant benchmark on a risk-adjusted basis over the long term. If a fund receives a positive rating of Gold, Silver, or Bronze, it means Morningstar analyts think highly of the fund and expect it to outperform over a full market cycle of at least five years. The Analyst Rating is not a market call, and it is not meant to replace investors' due-diligence process. It cannot assess whether a fund is the right fit for a particular portfolio and risk tolerance. Morningstar evaluates funds based on five key pillars - Process, Performance, People, Parent, and Price.
Analysts assign a rating of Positive, Neutral, or Negative to each pillar. Analyst Rating Scale - Gold: Best-of-breed fund that distinguishes itself across the five pillars and has garnered the analysts' highest level of conviction. Silver: Fund with advantages that outweigh the disadvantages across the five pillars and with sufficient level of analyst conviction to warrant a positive rating. Bronze: Fund with notable advantages across several, but perhaps not all, of the five pillars.