Morningstar

Baird Short-Term Municipal Bond Fund Investor Class BTMSX

Morningstar Medalist Rating
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Medalist Rating as of See Baird Investment Hub
  • NAV / 1-Day Return $9.91  /  +0.10 %
  • Fund Size $2.4B
  • Adjusted Expense Ratio 0.550%
  • Net Expense Ratio 0.550%
  • Fee Level: Distribution Above Average
  • Share Class Type No Load
  • Morningstar Category Muni National Short
  • Fixed-Income Style Box (Funds) Medium/Limited
  • Minimum Initial Investment $2,500
  • Investment Status Open
  • TTM Yield 3.19%
  • Average Effective Duration 2.69 yrs
NAV and 1-Day Return as of

Morningstar’s Analysis BTMSX

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

  • People Pillar

    The People Pillar is our evaluation of the BTMSX 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 BTMSX’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 Investor holds a quantitatively derived Silver Morningstar Medalist Rating. The rating reflects that it has scored well on factors Morningstar research associates with future outperformance relative to category peers.

by Morningstar Automated Analysis
Rated on Published on

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Portfolio Holdings BTMSX

More BTMSX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 4.4
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Federated Hermes Instl T-F Cash Premier

1.58 36M
Cash and Equivalents

Alabama Toll Road Bridge And Tunnel Authority

0.58 13M
municipal

DALLAS TEX INDPT SCH DIST 5%

0.55 13M
municipal

HARRIS CNTY TEX CULTURAL ED FACS FIN CORP REV 5%

0.43 10M
municipal

TEXAS TRANSN COMMN CENT TEX TPK SYS REV 5%

0.43 10M
municipal

United States Treasury Notes 4.13%

0.43 10M
Government

United States Treasury Notes 4%

0.42 10M
Government

PUBLIC FIN AUTH WIS REV 4%

0.41 9M
municipal

VAN WERT CNTY OHIO HOSP FACS REV 6.13%

0.41 9M
municipal

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

0.38 9M
municipal

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