Fund Evaluator:

Baird Core Plus Bond Inv Overview

Baird Core Plus Bond Inv (BCOSX) is an actively managed Taxable Bond Intermediate Core-Plus 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. Universal 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. It invests primarily in investment-grade debt obligations, but may invest up to 20% of its net assets in non-investment grade debt obligations (sometimes referred to as "high yield" or "junk" bonds).

About Baird Core Plus Bond Inv (BCOSX)

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 Universal TR USD index with a weighting of 100%. Baird Core Plus Bond Inv has 2126 securities in its portfolio. The top 10 holdings constitute 13.5% 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 Core Plus Bond Inv is part of the Fixed Income global asset class and is within the Taxable Bond fund group. Baird Core Plus Bond Inv has 17.0% 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 97.6% (80.6% domestic bond, 17.0% foreign bond and 0.0% convertible bond). Baird Core Plus Bond Inv has 2.4% of the portfolio in cash.

Assets Under Management

The fund has $1 billion in total assets, which is below the $1 billion average for the Intermediate Core-Plus 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.

BCOSX 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 Core Plus Bond Inv expense ratio is average compared to funds in the Intermediate Core-Plus Bond category. Baird Core Plus Bond Inv has an expense ratio of 0.55%, which is 30% lower than its category average, making the fund expense ratio grade a B. 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 Core Plus Bond Inv has a portfolio turnover rate of 32%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 180% for the Intermediate Core-Plus Bond category.

Recently, in the month of June 2026, Baird Core Plus Bond Inv returned 0.3%, which earned it a grade of B, as the Intermediate Core-Plus Bond category had an average return of 0.3%. 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 Core Plus Bond Inv has a trailing yield of 3.87%, which is below the 4.29% 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 Core Plus Bond Inv Grades

Year to date, the fund has returned 0.7%, 0.0 percentage points worse than the category, which translates into a grade of C. The fund has returned 3.9% over the past year (grade of C), 4.7% over the past three years (grade of C) and 0.4% per year over the past five years (grade of C) and 2.1% per year over the past 10 years (grade of C).

Additional Fund Information

Baird Core Plus Bond Inv is open to new investors. Baird Core Plus Bond Inv is part of the Inv share class. The minimum initial purchase is $2,500 if purchased directly from Baird.

The fund has a maximum front-end load of 0.00% and maximum deferred sales charge of 0.00%.

Redemption fees are paid to the fund for selling your shares or switching funds and often are reduced or eliminated over time. Baird Core Plus Bond Inv has a maximum redemption charge of 0.00%.

Baird Core Plus Bond Inv has a 12b-1 fee of 0.25%. This fee is paid out of assets to cover the costs of marketing and selling fund shares as well as to cover the costs of providing shareholder services. The 12b-1 fee is reflected in the expense ratio.

The fund meets the classification of being considered a True No-Load fund.

Baird Core Plus Bond Inv Risk

A basic investment concept is that risk should be rewarded. Standard deviation measures the degree of variation in return experienced relative to the average return for a fund. It notes the recent volatility of the fund but does not explain the elements impacting the volatility. For example, portfolio concentration or exposure to foreign investments can impact the volatility and should be examined to gain an understanding of the fund.

The total risk index relates the volatility of the fund to the volatility of all funds. It can help you understand the volatility of a fund across all categories. Ratios above 1.00 indicate higher risk than average. Baird Core Plus Bond Inv has a low total risk index of 0.45 because of its standard deviation of 5.4%.

The category risk index relates the volatility of a fund to the average volatility for funds in the same investment category. Baird Core Plus Bond Inv has below average category risk of 0.98, giving it a category risk grade of B. Letter grades of A, B, C, D and F are based upon these relative rankings.