Baird Aggregate Bond Fund Institutional Class (BAGIX)

Overview

This company is a financial entity that specializes in investment management, particularly in the domain of debt obligations. It allocates a significant portion of its net assets, at least 80%, to invest in various types of U.S. dollar-denominated debt obligations. These obligations encompass a broad spectrum, from government and public-sector entity debts to asset-backed and mortgage-backed securities, incorporating issuances both from within the United States and from foreign entities. The company’s focus on such a diverse range of debt instruments indicates a flexible investment strategy aimed at optimizing returns while managing risk through diversification.

Products and Services

• U.S. Government and Other Public-Sector Entities Debt Obligations

  Investment in debt securities issued by the U.S. government and various public-sector entities. This category includes Treasury bonds, bills, and notes, among other securities. These investments are generally considered low-risk and are appealing to investors seeking stability in their investment portfolio.

• Asset-Backed and Mortgage-Backed Obligations

  These are investments in securities backed by pools of assets or mortgages, issued by both U.S. and foreign entities. Asset-backed securities (ABS) can include a variety of asset types, including but not limited to auto loans, credit card receivables, and student loans. Mortgage-backed securities (MBS) are secured by the interest and principal payments on residential or commercial mortgages. These investments offer the potential for higher returns compared to government debts but carry a higher risk, including credit risk and market volatility.

• Corporate Debt of U.S. and Foreign Issuers

  This area of investment encompasses bonds and other forms of debt issued by companies in the U.S. and abroad. Corporate debt instruments can range from highly secure, investment-grade bonds to high-yield, or "junk," bonds that carry a higher risk but offer the potential for higher returns. The company's investment in corporate debt allows for risk diversification and access to a broad market spectrum.