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Morningstar

Baird Municipal Bond Institutional BMQIX

Morningstar Medalist Rating
Medalist Rating as of | See Baird Investment Hub
  • NAV / 1-Day Return 9.87  /  −0.10 %
  • Total Assets 231.4 Mil
  • Adj. Expense Ratio
    0.300%
  • Expense Ratio 0.300%
  • Distribution Fee Level Low
  • Share Class Type Institutional
  • Category Muni National Long
  • Credit Quality / Interest Rate Sensitivity Medium/Moderate
  • Min. Initial Investment 10,000
  • Status Open
  • TTM Yield 3.64%
  • Effective Duration 6.00 years

USD | NAV as of Apr 24, 2024 | 1-Day Return as of Apr 24, 2024, 10:18 PM GMT+0

Morningstar’s Analysis BMQIX

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

  • People Pillar

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

A sound investment process and strong management team underpin Baird Municipal Bond Institutional'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 BMQIX

More BMQIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 7.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

HIGHLANDS CNTY FLA HEALTH FACS AUTH REV 3.64%

0.92 2.0 Mil
municipal

HIGHLANDS CNTY FLA HEALTH FACS AUTH REV 3.64%

0.92 2.0 Mil
municipal

ARLINGTON TEX HSG FIN CORP MULTIFAMILY HSG REV 4.5%

0.85 1.8 Mil
municipal

NEW YORK N Y 4%

0.83 1.8 Mil
municipal

RIDLEY PA SCH DIST AUTH SCH REV 5%

0.72 1.6 Mil
municipal

CASS CNTY N D JT WTR RES DIST 3.45%

0.69 1.5 Mil
municipal

PORT SEATTLE WASH REV 5.5%

0.67 1.5 Mil
municipal

UTAH HSG CORP 4.5%

0.66 1.4 Mil
municipal

ST CLAIR CNTY ILL CMNTY UNIT SCH DIST NO 187 CAHOKIA 5%

0.65 1.4 Mil
municipal

ATLANTA GA ARPT REV 5%

0.64 1.4 Mil
municipal