About BCOIX
The Baird Core Plus Bond Fund Institutional Class is a mutual fund focused on providing investors with broad exposure to the U.S. fixed income market. Its primary purpose is to achieve a total return, before expenses, that exceeds the Bloomberg U.S. Universal Bond Index. The fund maintains a diversified portfolio by investing predominantly in U.S. dollar-denominated, investment-grade debt securities, such as U.S. Treasury notes, agency securities, and high-quality corporate bonds. Up to 20% of assets may be allocated to non-investment grade (high yield) securities, allowing flexibility to seek incremental yield and manage risk during various market conditions.
A hallmark of the fund’s strategy is its risk-controlled, duration-neutral approach, aligning portfolio duration closely with its benchmark for consistent interest rate exposure. The portfolio is actively managed across multiple sectors, including government, corporate, mortgage-backed, and asset-backed securities, and is recognized for avoiding leverage and derivatives. The fund is managed by Baird Advisors and is distinguished by its large asset base, low expense ratio, and monthly dividend distributions, making it a relevant choice for institutional investors seeking stability and moderate income within the intermediate core-plus bond segment of the market.
Fund Family Baird
Category Intermediate Core-Plus Bond
Performance Rating Above Average
Risk Rating Average
Stock Exchange NASDAQ
Ticker Symbol BCOIX
Share Class Institutional
Index Bloomberg U.S. Universal TR
BCOIX had a total return of -2.31% in the past year, including dividends. Since the fund's
inception, the average annual return has been 4.43%.
