Fund Evaluator:
Baird Aggregate Bond Inv (BAGSX)
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Fund Details
Baird Aggregate Bond Inv Overview
Baird Aggregate Bond Inv (BAGSX) is an actively managed Taxable Bond Intermediate Core Bond fund. Baird launched the fund in 2000.
The investment seeks an annual rate of total return, before fund expenses, greater than the annual rate of total return of the Bloomberg U.S. Aggregate Index. The fund normally invests at least 80% of its net assets in the following types of U.S. dollar‑denominated debt obligations: U.S. government and other public‑sector entities; asset‑backed and mortgage‑backed obligations of U.S. and foreign issuers; corporate debt of U.S. and foreign issuers.
About Baird Aggregate Bond Inv (BAGSX)
There are 10 members of the management team with an average tenure of 13.81 years: Jeffrey Schrom (2019), Charles Groeschell (2000), Jay Schwister (2019), Meghan Dean (2019), Abhishek Pulakanti (2022), Andrew O'Connell (2022), Mary Ellen Stanek (2000), Patrick Brown (2021), Warren Pierson (2000), M. Sharon deGuzman (2000). Management tenure is more important for actively managed funds than passive index funds.
The fund has 1 primary benchmark: Bloomberg US Agg Bond TR USD index with a weighting of 100%. Baird Aggregate Bond Inv has 2036 securities in its portfolio. The top 10 holdings constitute 15.6% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Baird Aggregate Bond Inv is part of the Fixed Income global asset class and is within the Taxable Bond fund group. Baird Aggregate Bond Inv has 13.7% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0%. There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 98.1% (84.4% domestic bond, 13.7% foreign bond and 0.0% convertible bond). Baird Aggregate Bond Inv has 2.0% of the portfolio in cash.
Assets Under Management
The fund has $755 million in total assets, which is below the $3 billion average for the Intermediate Core Bond category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
BAGSX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Baird Aggregate Bond Inv expense ratio is average compared to funds in the Intermediate Core Bond category. Baird Aggregate Bond Inv has an expense ratio of 0.55%, which is 3% lower than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Baird Aggregate Bond Inv has a portfolio turnover rate of 34%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 150% for the Intermediate Core Bond category.
Recently, in the month of June 2026, Baird Aggregate Bond Inv returned 0.3%, which earned it a grade of B, as the Intermediate Core Bond category had an average return of 0.2%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Baird Aggregate Bond Inv has a trailing yield of 3.80%, which is below the 3.97% category average. The fund normally distributes its income monthly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Baird Aggregate Bond Inv Grades
Year to date, the fund has returned 0.6%, 0.0 percentage points better than the category, which translates into a grade of C. The fund has returned 3.7% over the past year (grade of C), 4.4% over the past three years (grade of B) and 0.1% per year over the past five years (grade of C) and 1.7% per year over the past 10 years (grade of B).
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BAGSX Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| BAGSX Return (NAV) | 0.3% | 0.7% | 3.7% | 4.4% | 0.1% | 1.7% |
| BAGSX Grade | B | B | C | B | C | B |
| +/- Category | 0.1% | 0.0% | 0.1% | 0.2% | 0.1% | 0.1% |
| Intermediate Core Bond Avg | 0.2% | 0.7% | 3.7% | 4.2% | -0.0% | 1.6% |
| BAGSX Tax Cost Ratio | na | na | 1.5% | 1.5% | 1.2% | 1.1% |
BAGSX Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| BAGSX Return (NAV) | 0.6% | 7.1% | 1.6% | 6.1% | -13.5% | -1.7% | 8.4% | 9.2% | -0.5% | 3.9% | 3.3% |
| BAGSX Grade | C | C | B | B | C | D | B | B | C | B | A |
| +/- Category | 0.0% | 0.1% | 0.1% | 0.5% | -0.4% | -0.3% | 0.3% | 0.7% | -0.1% | 0.3% | 0.6% |
| Intermediate Core Bond Avg | 0.6% | 7.0% | 1.6% | 5.6% | -13.2% | -1.5% | 8.1% | 8.5% | -0.4% | 3.6% | 2.8% |
| Risk Measures | |
| Standard Deviation: | 5.6% |
| Total Risk Index: | 0.46 - Below Average |
| Category Risk Index: | 1.02 - Above Average |
| Category Risk Grade: | D (73% Rank) |
| Beta: | 1.01 |
| R-Squared: | 100% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | na |
| Bond Investment Style: | High Quality Moderate Sensitivity |
| Yield: | 3.8% |
| Dividend Distribution: | Monthly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $57855 Mil |
| Fund Total Assets: | $ 756 Mil |
| Share Class Type: | Inv |
| Portfolio Turnover: | 34% |
Management Team
| Number of Managers: 10 | |||
| Longest Tenure: 25.8 years | |||
| Average Tenure: 13.8 years | |||
| Managers (Year): Groeschell Charles (2000), Stanek Mary Ellen (2000), Pierson Warren (2000), deGuzman M. Sharon (2000), Schwister Jay (2019), Dean Meghan (2019), Schrom Jeffrey (2019), Brown Patrick (2021), Pulakanti Abhishek (2022), O'Connell Andrew (2022) | |||
Portfolio Composition (as of 5/31/26)
| # of Holdings: | 2036 |
| % in Top 10 Holdings: | 15.6% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 13.7% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 84.4% |
| Foreign Bond: | 13.7% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 2.0% |
Purchase Information
| Fund Family: | Baird |
| Phone Number: | 866-442-2473 |
| Website: | www.bairdfunds.com |
| Status: | Open |
| Inception Date: | September 29, 2000 |
| Min. Initial Purchase: | $2,500 |
| Min. Initial IRA Purchase: | $1,000 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 0.25% |
Expenses and Fees | |
| Expense Ratio (%): | 0.55% ( Rating : Avg ) |
| Category Average Expense Ratio (%): | 0.57% |
| Share Class: | Baird Aggregate Bond Inst |
| Min. Subsequent Purchase: | $ 100 |
| Min. Subsequent IRA Purchase: | $ 100 |
