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Morningstar

Baird Short-Term Municipal Bond Instl BTMIX

Morningstar Medalist Rating
Medalist Rating as of | See Baird Investment Hub
  • NAV / 1-Day Return 9.90  /  0.00
  • Total Assets 1.5 Bil
  • Adj. Expense Ratio
    0.300%
  • Expense Ratio 0.300%
  • Distribution Fee Level Below Average
  • Share Class Type Institutional
  • Category Muni National Short
  • Credit Quality / Interest Rate Sensitivity Medium/Limited
  • Min. Initial Investment 10,000
  • Status Open
  • TTM Yield 2.90%
  • Effective Duration 2.10 years

USD | NAV as of Apr 18, 2024 | 1-Day Return as of Apr 18, 2024, 10:16 PM GMT+0

Morningstar’s Analysis BTMIX

Will BTMIX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable BTMIX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the BTMIX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of BTMIX’s parent organization’s priorities and whether they’re in line with investors’ interests.

A sound investment process and strong management team underpin Baird Short-Term Municipal Bond Instl's Morningstar Medalist Rating of Silver.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The portfolio maintains a cost advantage over competitors, priced within the cheapest fee quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings BTMIX

More BTMIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 6.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Federated Hermes Instl T-F Cash Premier

1.52 23.6 Mil
Cash and Equivalents

VAN WERT CNTY OHIO HOSP FACS REV 6.13%

0.90 13.9 Mil
municipal

BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV 5%

0.87 13.6 Mil
municipal

DISTRICT COLUMBIA WTR & SWR AUTH PUB UTIL REV 3%

0.76 11.8 Mil
municipal

FORSYTH MONT POLLUTION CTL REV 3.9%

0.69 10.7 Mil
municipal

SOUTH CAROLINA JOBS-ECONOMIC DEV AUTH HOSP REV 4.13%

0.58 9.0 Mil
municipal

CENTRAL PUGET SOUND WASH REGL TRAN AUTH SALES & USE TAX REV 3.84%

0.57 8.9 Mil
municipal

SEATTLE WASH MUN LT & PWR REV 3.89%

0.55 8.6 Mil
municipal

SOUTHEAST ENERGY AUTH COMMODITY SUPPLY REV ALA 5.25%

0.55 8.5 Mil
municipal

MOBILE ALA INDL DEV BRD POLLUTN CTL REV 3.92%

0.54 8.4 Mil
municipal