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Morningstar

Baird Quality Intermediate Muni Bd Inst BMBIX

Morningstar Medalist Rating
Medalist Rating as of | See Baird Investment Hub
  • NAV / 1-Day Return 11.03  /  0.00
  • Total Assets 1.1 Bil
  • Adj. Expense Ratio
    0.300%
  • Expense Ratio 0.300%
  • Distribution Fee Level Low
  • Share Class Type Institutional
  • Category Muni National Interm
  • Credit Quality / Interest Rate Sensitivity High/Limited
  • Min. Initial Investment 10,000
  • Status Open
  • TTM Yield 2.75%
  • Effective Duration 4.12 years

USD | NAV as of Jul 26, 2024 | 1-Day Return as of Jul 26, 2024, 10:12 PM GMT+0

Morningstar’s Analysis BMBIX

Will BMBIX 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 BMBIX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the BMBIX 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 BMBIX’s parent organization’s priorities and whether they’re in line with investors’ interests.

A sound investment process and strong management team underpin Baird Quality Intermediate Muni Bd Inst's Morningstar Medalist Rating of Gold.

null Morningstar Manager Research

Morningstar Manager Research

Summary

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

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings BMBIX

More BMBIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 20.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

HOUSTON TEX WTR & SWR SYS REV 5.75%

2.89 30.1 Mil
municipal

VAN WERT CNTY OHIO HOSP FACS REV 6.13%

2.66 27.7 Mil
municipal

ILLINOIS DEV FIN AUTH RETIREMENT HSG REV 0%

2.27 23.7 Mil
municipal

LOUISIANA PUB FACS AUTH REV 5.5%

2.21 23.1 Mil
municipal

NORTH TEX TWY AUTH REV 6.75%

2.10 22.0 Mil
municipal

LOUISIANA PUB FACS AUTH REV 5.5%

2.03 21.2 Mil
municipal

DALLAS TEX INDPT SCH DIST 4%

1.99 20.8 Mil
municipal

HOUSTON TEX WTR & SWR SYS REV 5.5%

1.66 17.3 Mil
municipal

HAMPTON RDS VA TRANSN ACCOUNTABILITY COMMN REV 5.5%

1.55 16.2 Mil
municipal

Federated Hermes Instl T-F Cash Premier

1.30 13.6 Mil
Cash and Equivalents