PrivilEdge
Baird US Short Duration Bond

PrivilEdge - Baird US Short Duration Bond is actively managed long-only US short duration fixed income strategy. It is managed by Baird Advisors, the asset management arm of Robert W. Baird & Co. founded in 1919 in Milwaukee. The fund seeks to beat the Bloomberg Barclays USA Government Credit 1-3 Year index over the long term. It invests mainly in a diversified portfolio of investment grade rated issuers of USD debt obligations of US government and other public-sector entities, asset-backed, mortgage-backed obligations, and corporate debt. It will keep the duration close to the benchmark, which is between 1 and 3 years during normal market conditions. Top down analysis determines the long-term portfolio structure, whereas bottom-up analysis is at the core of the process and aims to add value in security selection and sector allocation. The fund tends to exhibit a yield advantage versus its benchmark, a nominal underweight to US Treasuries, and keeps a modest overweight to spread sectors on a duration-weighted basis.