Baird Short-Term Bond Fd Inv Cl

Frequently Asked Questions About BSBSX

What does BSBSX invest in?

The fund aims to generate an annual total return that, prior to accounting for fund expenses, exceeds the performance of the Bloomberg 1-3 Year U.S. Government/Credit Bond Index. It generally commits at least 80% of its net assets to U.S. dollar-denominated debt instruments. These include obligations issued by the U.S. government and other public-sector bodies, asset-backed and mortgage-backed securities from both domestic and international issuers, and corporate bonds from companies located in the U.S. and abroad. All securities must possess an investment-grade rating from at least one prominent credit rating agency when acquired, or, if unrated, be judged as investment-grade by the advisor.

What is the expense ratio of BSBSX?

Baird Short-Term Bond Fd Inv Cl (BSBSX) charges an expense ratio of 0.55%. This is the annual fee deducted from fund assets to cover management and operations.

What is BSBSX's dividend yield?

BSBSX's trailing-twelve-month yield is 3.93%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of BSBSX?

Effective duration measures BSBSX's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. BSBSX's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of BSBSX?

BSBSX'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 BSBSX?

Yield to maturity (YTM) is the total return you'd earn from BSBSX if every bond in the portfolio is held to maturity at the current price. BSBSX'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.