Baird Short-Term Bond Fund
BSBIX
NASDAQ- -
USD
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Capital Structure
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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
- Milwaukee, WI 53202 Milwaukee WI United States of America 53202
- IPO Date
- Sep 2, 2004
- CIK
- 0001282693
- Website
- bairdassetmanagement.com
- Similar Companies
- Business
- Baird Short-Term Bond Fund (BSBIX) is an institutional-class mutual fund offered by Baird Funds, Inc., managed by Baird Asset Management, a division of Robert W. Baird & Co., that seeks to provide an annual total return greater than the Bloomberg 1-3 Year U.S. Government/Credit Bond Index through a duration-neutral, risk-controlled investment strategy focused on investment-grade, U.S. dollar-denominated debt securities. The fund normally invests at least 80% of its net assets in U.S. government obligations and securities issued by public sector entities, asset-backed and mortgage-backed obligations of U.S. and foreign issuers including securitized products such as non-agency residential and commercial MBS, and corporate debt securities of U.S. and foreign issuers, with a portfolio emphasizing high-quality holdings (average quality A+) across U.S. Treasuries (33.9%), BBB-rated bonds (33.0%), A-rated (16.8%), AAA (11.5%), and AA-rated securities; it maintains an effective duration of approximately 1.87 years, effective maturity of 2.01 years, and holds 474 securities with a 30-day SEC yield of 3.78%. Baird Funds targets institutional investors, high-net-worth individuals, retirement plans, corporations, and foundations seeking short-term bond exposure with low interest-rate sensitivity and medium credit quality in the short-term bond category. Launched on August 31, 2004, the fund is headquartered in Milwaukee, Wisconsin, at Robert W. Baird & Co.'s principal offices (777 East Wisconsin Avenue), part of Baird's broader asset management operations that oversee more than $120 billion including fixed-income strategies from Baird Advisors. The fund operates primarily in U.S. markets but includes foreign issuer debt, supported by Baird's global presence across the United States, Europe, and Asia through subsidiaries like Robert W. Baird Group Ltd. It is co-managed by a team led by Mary Ellen Stanek (since inception), Warren Pierson, and others including M. Sharon deGuzman, Charles Groeschell, and more recent additions, earning a Gold Morningstar Medalist Rating for both institutional and investor share classes based on strong performance, low fees (0.30% expense ratio), and robust process. In recent developments, Baird announced a strategic partnership with Sagard on September 9, 2025, under which Baird acquired a minority equity stake in the alternative asset manager to enhance distribution of differentiated private market strategies through its private wealth network overseeing $350 billion in assets, including joint product innovation and U.S. wealth channel expansion via the CAIS platform. Baird continues to expand its fixed-income lineup and capabilities, building on prior municipal bond fund launches while monitoring succession for founding managers amid ongoing portfolio adjustments like a 12.4% securitized allocation as of year-end 2024; the firm also grew its overall client assets beyond $355 billion and added wealth management offices in 2024-2025. These initiatives align with Baird's employee-owned structure, founded in 1919, emphasizing long-term client focus across asset management, private wealth, and institutional services.