BUBSX Fees and Costs — Baird Ultra Short Bond Fund, Investor Class
Data updated: 2026-08-14
The net expense ratio is 0.40%: a 0.25% management fee, a 0.25% 12b-1 fee plus 0.05% other expenses, less a 0.15% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 88%.
BUBSX Fees and Expenses
Annual operating expenses and sales charges of BUBSX. Prospectus, as of May 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.25% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.05% |
| Gross expense ratio | 0.55% |
| Fee waiver | −0.15% |
| Net expense ratio | 0.40% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
BUBSX Costs Over Time
On $10,000 invested in BUBSX, assuming 5% a year before costs, total costs come to $253 over 5 years, cutting the return by 0.42% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.40%) | $42 | $132 | $230 |
| Lost growth on money paid in costs | $0 | $7 | $23 |
| Total costs | $42 | $138 | $253 |
| Value after costs | $10,458 | $11,438 | $12,510 |
| Impact on return, per year | 0.42% | 0.42% | 0.42% |
BUBSX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $15.3B
- Portfolio turnover (prospectus): 88%
- Securities lending: none during the year
BUBSX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BMO CAPITAL MARKETS CORP. | $2.0B | 16.60% |
| J.P. MORGAN SECURITIES LLC | $1.9B | 15.94% |
| MERRILL LYNCH PIERCE FENNER & SMITH INCORPORATED | $1.6B | 13.21% |
| MORGAN STANLEY & CO. LLC | $1.1B | 9.58% |
| GOLDMAN SACHS & CO. LLC | $1.1B | 9.57% |
| RBC CAPITAL MARKETS LLC | $1.0B | 8.56% |
| WELLS FARGO SECURITIES LLC | $972.5M | 8.25% |
| BARCLAYS CAPITAL INC. | $950.9M | 8.06% |
| CITADEL SECURITIES LLC | $614.1M | 5.21% |
| CITIGROUP GLOBAL MARKETS INC. | $592.3M | 5.02% |
Baird Ultra Short Bond Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| BUBIX | Institutional Class | 0.15% | — |
| BUBSX | Investor Class | 0.40% | — |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.