Morningstar

Baird Short-Term Municipal Bond Fund Institutional Class BTMIX

Morningstar Medalist Rating
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Medalist Rating as of See Baird Investment Hub
  • NAV / 1-Day Return$10.04  /  +0.10%
  • Fund Size$2.5B
  • Adjusted Expense Ratio0.300%
  • Net Expense Ratio0.300%
  • Fee Level: DistributionBelow Average
  • Share Class TypeInstitutional
  • Morningstar CategoryMuni National Short
  • Fixed-Income Style Box (Funds)Medium/Limited
  • Minimum Initial Investment$10,000
  • Investment StatusOpen
  • TTM Yield3.38%
  • Average Effective Duration2.69 yrs
NAV and 1-Day Return as of

Morningstar’s Analysis BTMIX

Will BTMIX outperform in the 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.

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

Baird Short-Term Municipal Bond Instl holds a quantitatively derived Gold Morningstar Medalist Rating. The rating reflects that it has scored particularly well on factors Morningstar research associates with future outperformance relative to category peers.

by Morningstar Automated Analysis
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Portfolio Holdings BTMIX

More BTMIX Holdings
  • Current Portfolio Date
  • Equity Holdings—
  • Bond Holdings—
  • Other Holdings—
  • % Assets in Top 10 Holdings4.4
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Federated Hermes Instl T-F Cash Premier

1.5836M
Cash and Equivalents

Alabama Toll Road Bridge And Tunnel Authority

0.5813M
municipal

DALLAS TEX INDPT SCH DIST 5%

0.5513M
municipal

HARRIS CNTY TEX CULTURAL ED FACS FIN CORP REV 5%

0.4310M
municipal

TEXAS TRANSN COMMN CENT TEX TPK SYS REV 5%

0.4310M
municipal

United States Treasury Notes 4.13%

0.4310M
Government

United States Treasury Notes 4%

0.4210M
Government

PUBLIC FIN AUTH WIS REV 4%

0.419M
municipal

VAN WERT CNTY OHIO HOSP FACS REV 6.13%

0.419M
municipal

TEXAS MUN GAS ACQUISITION & SUPPLY CORP IV GAS SUPPLY REV 5.5%

0.389M
municipal

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