Morningstar

Baird Short-Term Municipal Bond Investor BTMSX

Morningstar Medalist Rating
Medalist Rating as of | See Baird Investment Hub
  • NAV / 1-Day Return 10.07  /  0.00
  • Total Assets 1.5 Bil
  • Adj. Expense Ratio
    0.550%
  • 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 2.86%
  • Effective Duration 2.13 years

USD | NAV as of Oct 02, 2024 | 1-Day Return as of Oct 02, 2024, 10:16 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.

  • 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.

A sound investment process and strong management team underpin Baird Short-Term Municipal Bond Investor's Morningstar Medalist Rating of Bronze.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-highest quintile among peers.

by Morningstar Manager Research
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 6.4
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Federated Hermes Instl T-F Cash Premier

3.12 46.8 Mil
Cash and Equivalents

VAN WERT CNTY OHIO HOSP FACS REV 6.13%

0.93 13.9 Mil
municipal

DISTRICT COLUMBIA WTR & SWR AUTH PUB UTIL REV 3%

0.79 11.9 Mil
municipal

United States Treasury Notes 0.5%

0.73 11.0 Mil
Government

CENTRAL PUGET SOUND WASH REGL TRAN AUTH SALES & USE TAX REV 3.12%

0.59 8.9 Mil
municipal

SEATTLE WASH MUN LT & PWR REV 3.17%

0.58 8.7 Mil
municipal

TEXAS ST TPK AUTH CENT TEX TPK SYS REV 0%

0.57 8.5 Mil
municipal

MOBILE ALA INDL DEV BRD POLLUTN CTL REV 3.92%

0.57 8.5 Mil
municipal

BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV 5%

0.56 8.4 Mil
municipal

MASSACHUSETTS BAY TRANSN AUTH MASS SALES TAX REV 0%

0.55 8.3 Mil
municipal

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