The September 21 episode of Consuelo Mack WEALTHTRACK featured an interview with Mary Ellen Stanek titled “5-Star Sleep Insurance” highlighting Baird Core Plus Bond Fund. In the interview, she explained the team’s duration neutral investment approach and how they seek consistent and predictable results in order to do what bond investors expect. She also discussed managing bond portfolios as the Federal Reserve normalizes interest rates and managing risk in the current “tug of war” between cyclical forces and secular headwinds. She concluded with some thoughts on the investment opportunities to be found in this environment and where individuals can find the best bond values today.
Gross Annualized returns for the Baird Core Plus Bond Fund Institutional Class are -0.16% for the one-year period, 2.47% for the three year period, 3.09% for the five year period, 5.06% for the ten year period and 5.06% since its September 29, 2000 inception. Expenses are (Gross/Net) 0.30, 0.30. Net Annualized returns for the Baird Core Plus Bond Fund Investor Class are -0.41% for the one-year period, 2.21% for the three year period, 2.83% for the five year period, 4.80% for the ten year period and 5.40% since its September 29, 2000 inception. Expenses are (Gross/Net) 0.55, 0.55. Average annual total returns for the Bloomberg Barclays U.S. Universal; Bond Index are -0.28% for the one-year period, 2.12% for the three year period, 2.63% for the five year period, 4.07% for the ten year period and 4.95% since inception of the fund.
Performance is as of June 30, 2018. Performance data represents past performance and does not guarantee future results. The investment return and principal value of the investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Current performance data may be lower or higher than the data quoted. To read the fund’s prospectus or to obtain the fund’s performance to the most recent month end, SEC 30-day yield information, any sales charges, maximum sales charges, loads, fees, total annual operating expense ratio, gross of any fee waivers or expense reimbursements as stated in the fee table contact Baird directly at 866-442-2473 or visit the find’s webpage here.
Investors should consider the investment objectives, risks, charges and expenses of each fund carefully before investing. This and other information is found in the prospectus and summary prospectus. For a prospectus or summary prospectus, contact Baird directly at 866-442-2473 or contact your Financial Advisor.
For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund's monthly performance (including the effects of sales charges, loads and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.
The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its three-, five- and ten-year (if applicable) Morningstar Rating metrics.
The Morningstar five-star rating for the Institutional Class Baird Core Plus Bond Fund is the overall rating received among 858 Intermediate-Term Bond Funds. The fund received four stars for the three-year period among 858 Intermediate-Term Bond Funds, four stars for the five year period among 784 Intermediate term bond funds and five stars for the ten year period among 561 Intermediate-Term bond funds, as of March 31, 2018.
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 analysts 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.
In a rising interest rate environment, the value of fixed-income securities generally decline and conversely, in a falling interest rate environment, the value of fixed income securities generally increase. High yield securities may be subject to heightened market, interest rate or credit risk and should not be purchased solely because of the stated yield. Ratings are measured on a scale that ranges from AAA or Aaa (highest) to D or C (lowest). Investment grade investments are those rated from highest down to BBB- or Baa3. Batting average is a measure of outperformance versus a benchmark.