Baird Aggregate Bond Fd Investor Class
BAGSX
NASDAQ- -
USD
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Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 777 East Wisconsin Avenue Milwaukee WI United States of America 53202
- IPO Date
- Sep 29, 2000
- CIK
- 0001282693
- Website
- bairdassetmanagement.com
- Similar Companies
- Business
- Baird Aggregate Bond Fund Investor Class (BAGSX) is an open-end mutual fund managed by Baird Funds, Inc., a subsidiary of Robert W. Baird & Co., that seeks an annual rate of total return, before fund expenses, greater than that of the Bloomberg U.S. Aggregate Bond Index through a duration-neutral, risk-controlled investment approach. The Fund normally invests at least 80% of its net assets in U.S. dollar-denominated, investment-grade debt securities, including obligations of U.S. government and other public-sector entities; asset-backed and mortgage-backed securities of U.S. and foreign issuers, such as U.S. agency residential mortgage-backed securities (RMBS), commercial mortgage-backed securities (CMBS), non-agency RMBS and CMBS, and asset-backed securities (ABS); and corporate debt of U.S. and foreign issuers across sectors like industrials, utilities, financials, and non-corporate credit. It maintains a portfolio effective duration approximately matching the benchmark (around 6 years), an average effective maturity of 7-8 years, and diversification across approximately 2,000 holdings with an average quality rating of AA-, featuring allocations to U.S. Treasuries (about 30%), U.S. agencies (20%), and investment-grade corporates (37% credit, 32% securitized). Robert W. Baird & Co., headquartered in Milwaukee, Wisconsin and founded in 1919, offers the Fund through Baird Asset Management as part of its lineup of actively managed taxable and tax-exempt bond funds targeting intermediate core bond investors, including individual and institutional clients seeking income and total return with controlled interest rate risk. The Investor Class shares (BAGSX) carry a 0.55% expense ratio, a $2,500 minimum initial investment, and monthly income distributions, with assets under management exceeding $55 billion as of late 2025. The Fund operates primarily in U.S. markets but includes select foreign issuer securities, emphasizing high-conviction security selection, yield curve positioning, sector allocation, and competitive trade execution. In early 2025, the Fund's management team underwent a leadership transition, with Jay Schwister succeeding Mary Ellen Stanek as co-CIO alongside Warren Pierson; Stanek transitioned to emeritus CIO while remaining a named portfolio manager, alongside a 10-member team including Charles Groeschell, Jeffrey Schrom, and others focused on collaborative, bottom-up portfolio construction. Baird, the parent firm, announced a strategic partnership in September 2025 with Sagard, a global alternative asset manager, involving a minority equity stake acquisition in Sagard and expanded distribution of alternative strategies through Baird's $350 billion private wealth management channel to enhance client offerings. The Fund continues to earn strong external recognition, including Gold Morningstar Medalist Ratings for both Institutional (BAGIX) and Investor classes, and 4-star Overall Morningstar Ratings out of 430 intermediate core bond peers as of September 30, 2025.