Morningstar selects Baird Short-Term Bond Fund for Calming Rising-Rate Jitters

In a January 30 article, Morningstar selected Baird Short Term Bond Fund (BSBIX) as one of "4 Short Term Bond Funds to Calm Rising-Rate Jitters."


Baird Short Term Bond  (BSBIX) doesn't get overly fancy. Mary Ellen Stanek and her long-tenured team of portfolio managers keep the fund's duration – 1.9 years as of Dec. 31, 2017 – close to that of its Bloomberg Barclays U.S. Government/Credit 1-3 Year Index, avoid junk bonds, and tread lightly in mortgages and other securitized fare with a high degree of cash flow uncertainty or liquidity concerns. The team specializes in short-dated investment-grade corporates, especially midgrade A and BBB rated fare, and has done a good job selecting bonds and balancing that exposure with high-quality U.S. government debt. The 0.30% price tag charged by its institutional share class ranks among the lowest charged by an actively managed bond fund but requires a $25,000 minimum. 

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To read the fund's prospectus or to obtain the fund's performance current to the most recent quarter, SEC 30 day yield information and details about this fund's Morningstar rating, please visit the fund's Web page here.