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Morningstar

Baird Strategic Municipal Bond Instl BSNIX

Morningstar Medalist Rating
Medalist Rating as of | See Baird Investment Hub
  • NAV / 1-Day Return 10.20  /  +0.10 %
  • Total Assets 1.2 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 Medium/Limited
  • Min. Initial Investment 10,000
  • Status Open
  • TTM Yield 3.42%
  • Effective Duration 3.92 years

USD | NAV as of May 06, 2024 | 1-Day Return as of May 06, 2024, 10:14 PM GMT+0

Morningstar’s Analysis BSNIX

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

  • People Pillar

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

A sound investment process and strong management team underpin Baird Strategic Municipal Bond Instl'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 least expensive fee quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings BSNIX

More BSNIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 5.4
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

CASS CNTY N D JT WTR RES DIST 3.45%

0.86 10.0 Mil
municipal

Federated Hermes Instl T-F Cash Premier

0.70 8.2 Mil
Cash and Equivalents

SOUTHEAST ENERGY AUTH COMMODITY SUPPLY REV ALA 5.25%

0.56 6.6 Mil
municipal

NEW JERSEY ST TPK AUTH TPK REV 5%

0.55 6.4 Mil
municipal

PUBLIC FIN AUTH WIS LEASE DEV REV 5%

0.52 6.0 Mil
municipal

HIGHLANDS CNTY FLA HEALTH FACS AUTH REV 3.64%

0.51 6.0 Mil
municipal

APPLING CNTY GA DEV AUTH POLLUTN CTL REV 4.35%

0.51 6.0 Mil
municipal

UTAH HSG CORP 4.5%

0.50 5.8 Mil
municipal

IDAHO HSG & FIN ASSN SINGLE FAMILY MTG REV 6%

0.47 5.5 Mil
municipal

MICHIGAN ST HSG DEV AUTH SINGLE FAMILY MTG REV 6%

0.47 5.4 Mil
municipal