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A Small But Mighty Core Bond Fund

Baird Core Plus Bond may be smaller than its peers but management’s experience and nimble implementation have given the fund an edge.

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While Baird Core Plus Bond inhabits a well-trodden investment-grade landscape, management's experience and nimble implementation have given the fund an edge.

Mary Ellen Stanek helms a team of six named co-portfolio managers who average 33 years of experience in the industry and have contributed to this strategy since its 2000 inception. Though the analyst pool may be smaller than those at larger firms, the intricate communication across seasoned contributors as well as a commitment to sticking to investments that the team can thoroughly vet with their given knowledge and tools, has fueled the success of this David versus many Goliaths in the industry. Similar to many peers in the ultra-competitive intermediate-term bond category, this fund invests in a mix of corporates, mortgages, and Treasuries, but unlike those same peers, keeps riskier exposures--such as high yield--at a much more modest single-digit allocation.

Emory Zink does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.