- What does BSBIX invest in?
- The fund primarily (at least 80% of its net assets) commits to debt instruments denominated in U.S. dollars. Its portfolio typically comprises obligations from the U.S. government and other public sector organizations, as well as asset-backed and mortgage-backed securities originating from both domestic and international issuers, and corporate bonds from companies around the world. A core principle of its investment strategy is to only acquire debt that is rated investment-grade by at least one major credit rating agency at the time of purchase; unrated securities are included only if the advisor deems them to be of comparable credit quality.
- What is the expense ratio of BSBIX?
- Baird Short-Term Bond Fund (BSBIX) charges an expense ratio of 0.30%. This is the annual fee deducted from fund assets to cover management and operations.
- What is BSBIX's dividend yield?
- BSBIX's trailing-twelve-month yield is 4.21%, calculated from the sum of dividends over the past year divided by the current price.
- What is the duration of BSBIX?
- Effective duration measures BSBIX's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. BSBIX's current duration is published on the fund's factsheet on the issuer's website.
- What is the credit quality of BSBIX?
- BSBIX's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.
- What is the yield to maturity of BSBIX?
- Yield to maturity (YTM) is the total return you'd earn from BSBIX if every bond in the portfolio is held to maturity at the current price. BSBIX's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.
