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Morningstar

Baird Strategic Municipal Bond Instl BSNIX

Morningstar Analyst Rating
Quantitative rating as of
  • NAV / 1-Day Return 10.19  /  0.10 %
  • Total Assets 510.5 Mil
  • 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 —
  • Min. Initial Investment 10,000
  • Status Open
  • TTM Yield 2.07%
  • Effective Duration 5.46 years

USD | NAV as of Jan 30, 2023 | 1-Day Return as of Jan 30, 2023, 11:08 PM GMT+00:00

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.

Summary

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Strength in Baird Strategic Municipal Bond Instl’s People Pillar and Parent Pillar drive this strategy's Morningstar Quantitative Rating of Gold. The portfolio maintains a sizable cost advantage over competitors, priced within the cheapest fee quintile among peers.

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