About BUBSX
The Baird Ultra Short Bond Fund Investor Class is a mutual fund specializing in ultra-short duration fixed-income investments. Its primary objective is to generate current income while preserving capital, making it appealing to investors who seek lower volatility and minimal exposure to interest rate risk. The fund mainly invests at least 80% of its net assets in U.S. dollar-denominated debt obligations, including U.S. government and public-sector securities, asset-backed and mortgage-backed instruments, as well as corporate debt from both U.S. and foreign issuers. While it predominantly holds investment-grade bonds, it may allocate up to 10% of assets to high-yield, non-investment grade debt to capture incremental returns.
The fund employs a duration-neutral, risk-controlled strategy managed by a seasoned team, closely aligning the portfolio’s duration with that of the Bloomberg U.S. Short-Term Government/Corporate Bond Index to enhance predictability and benchmark tracking. With an effective duration around half a year and a large, diversified portfolio, the Baird Ultra Short Bond Fund plays a key role in the financial market by offering a relatively stable, liquid option for short-term savings and cash management needs, especially for those who require a moderate yield with an emphasis on capital preservation.
Fund Family Baird
Category Ultra-Short Oblig
Performance Rating Average
Risk Rating Below Average
Stock Exchange Nasdaq
Ticker Symbol BUBSX
Share Class Investor Class
Index Bloomberg U.S. Short Govt/Corporate TR
BUBSX had a total return of 2.92% in the past year, including dividends. Since the fund's
inception, the average annual return has been 2.10%.
