Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-costliest quintile among peers.
Baird Short-Term Municipal Bond Investor BTMSX
- NAV / 1-Day Return 9.90 / −0.10 %
- Total Assets 1.5 Bil
-
Adj. Expense Ratio
- Expense Ratio 0.550%
- Distribution Fee Level Above Average
- Share Class Type No Load
- Category Muni National Short
- Credit Quality / Interest Rate Sensitivity Medium/Limited
- Min. Initial Investment 2,500
- Status Open
- TTM Yield 2.71%
- Effective Duration 2.10 years
USD | NAV as of May 20, 2024 | 1-Day Return as of May 20, 2024, 10:17 PM GMT+0
Morningstar’s Analysis BTMSX
Will BTMSX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 6.5
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
Federated Hermes Instl T-F Cash Premier | 1.52 | 23.6 Mil | Cash and Equivalents |
VAN WERT CNTY OHIO HOSP FACS REV 6.13% | 0.90 | 13.9 Mil | municipal |
BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV 5% | 0.87 | 13.6 Mil | municipal |
DISTRICT COLUMBIA WTR & SWR AUTH PUB UTIL REV 3% | 0.76 | 11.8 Mil | municipal |
FORSYTH MONT POLLUTION CTL REV 3.9% | 0.69 | 10.7 Mil | municipal |
SOUTH CAROLINA JOBS-ECONOMIC DEV AUTH HOSP REV 4.13% | 0.58 | 9.0 Mil | municipal |
CENTRAL PUGET SOUND WASH REGL TRAN AUTH SALES & USE TAX REV 3.84% | 0.57 | 8.9 Mil | municipal |
SEATTLE WASH MUN LT & PWR REV 3.89% | 0.55 | 8.6 Mil | municipal |
SOUTHEAST ENERGY AUTH COMMODITY SUPPLY REV ALA 5.25% | 0.55 | 8.5 Mil | municipal |
MOBILE ALA INDL DEV BRD POLLUTN CTL REV 3.92% | 0.54 | 8.4 Mil | municipal |