Baird Core Plus Bond Fund Institutional Class (BCOIX)
Baird Core Plus Bond Fund Institutional Class operates in the Asset Management - Bonds industry of the Financial Services sector, headquartered in Milwaukee, WI, US. The stock last traded at $10.06, up 0.10% on the session, giving a market capitalisation of $46.37B. Its beta of 0.98 implies it has historically moved less than the broad market.
The Baird Core Plus Bond Fund's main objective is to achieve an annual total return, before accounting for fund expenses, that surpasses the performance of the Bloomberg Barclays U.S. Universal Bond Index. To achieve this, the fund commits at least 80% of its net assets to various U.S. dollar-denominated fixed-income securities. These include debt issued by the U.S. government and other public sector entities, asset-backed and mortgage-backed obligations originating from both domestic and international issuers, and corporate bonds from companies based in the U.S. and abroad. While the portfolio primarily consists of investment-grade debt instruments, it retains the flexibility to allocate up to 20% of its net assets to lower-rated, non-investment grade bonds, commonly referred to as "high-yield" or "junk" bonds.
Baird Core Plus Bond Fund Institutional Class is most often compared with the following Financial Services names: