In an August 24 article, Zacks cited Baird Intermediate Bond Fund (BIMIX/BIMSX) as one of "4 Low-Risk Mutual Funds to Buy as Rate Hike Looks Likely."
Baird Intermediate Bond Investor BIMSX invests the large chunk of its assets in various types of dollar-denominated bonds. BIMSX seeks returns higher than the total annual return of the Barclays Intermediate U.S. Government/Credit Bond Index. The fund aims to invest only in those bonds which are rated investment-grade. The fund has YTD return of 4.6%, and an expense ratio of 0.55% as compared to the category average of 0.79%. BIMSX has a Zacks Mutual Fund Rank #2 and 3-year Sharpe ration of 1.46.
Read the full article on Yahoo! Finance.