Baird Short-Term Municipal Bond Fund Investor (BTMSX)
10.06
0.00 (0.00%)
USD |
May 01 2026
Returns Chart
Key Stats
| Net Expense Ratio | Total Assets Under Management | Weighted Average Dividend Yield | Turnover Ratio (Generic) |
|---|---|---|---|
| 0.55% | 2.267B | -- | 27.00% |
| 1 Year Fund Level Flows | 1 Year Total Returns (Daily) | Annualized Total Returns Since Inception (Daily) | Max Drawdown (Since Inception) |
| 600.24M | 4.33% |
Basic Info
| Investment Strategy | |
| The Fund seeks current income that is exempt from federal income tax and is consistent with the preservation of capital. The Fund normally invests at least 80% of its net assets in municipal bonds and debentures, the income from which is exempt from federal income tax (including the federal alternative minimum tax). |
| General | |
| Security Type | Mutual Fund |
| Equity Style | -- |
| Broad Asset Class | Municipal Bond |
| Broad Category | Fixed Income |
| Global Peer Group | Bond USD Municipal Short Term |
| Peer Group | Short Municipal Debt Funds |
| Global Macro | -- |
| US Macro | National Municipal Debt Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | Short Municipal Debt Funds |
| Fund Owner Firm Name | Baird |
| Broad Asset Class Benchmark Index | |
| ^BBMBTR | 100.0% |
Net Fund Flows Versus Peer Group
1 Month
% Rank:
71
-163.19M
Peer Group Low
105.80M
Peer Group High
1 Year
% Rank:
4
600.24M
-452.89M
Peer Group Low
2.569B
Peer Group High
3 Months
% Rank:
4
-236.38M
Peer Group Low
641.38M
Peer Group High
3 Years
% Rank:
7
-2.025B
Peer Group Low
3.410B
Peer Group High
6 Months
% Rank:
4
-296.14M
Peer Group Low
947.01M
Peer Group High
5 Years
% Rank:
13
-7.012B
Peer Group Low
4.135B
Peer Group High
YTD
% Rank:
3
-240.69M
Peer Group Low
641.38M
Peer Group High
10 Years
% Rank:
6
-4.632B
Peer Group Low
5.923B
Peer Group High
Date Unavailable
Risk
Performance Versus Peer Group
Annual Total Returns Versus Peers
As of May 04, 2026.
Asset Allocation
As of March 31, 2026.
| Type | % Net |
|---|---|
| Cash | 0.00% |
| Stock | 0.00% |
| Bond | 99.39% |
| Convertible | 0.00% |
| Preferred | 0.00% |
| Other | 0.61% |
Top 10 Holdings
| Name | % Weight | Price | % Change |
|---|---|---|---|
| United States of America USGB 3.75 05/31/2030 FIX USD Government | 1.54% | 99.12 | 0.02% |
|
Other Assets less Liabilities
|
0.61% | -- | -- |
| RURAL WTR FING AGY KY PUB PROJS REV KY 2.875 08/01/2028 | 0.48% | 99.20 | 0.00% |
| Federated Hermes Inst Tax-Free Csh Tr Prmr | 0.48% | 1.00 | 0.00% |
| PUBLIC FIN AUTH WIS REV WI 4.000 01/01/2055 | 0.46% | 98.21 | 0.00% |
| HARRIS CNTY TEX CULTURAL ED FACS FIN CORP REV TX 5.000 05/15/2050 | 0.45% | -- | -- |
| MARYLAND ST MD 3.000 08/01/2032 | 0.44% | 99.37 | 0.05% |
| SEATTLE WASH MUN LT & PWR REV WA 3.340 05/01/2045 | 0.43% | 99.27 | 0.00% |
| VAN WERT CNTY OHIO HOSP FACS REV OH 6.125 12/01/2049 | 0.43% | 109.77 | -0.02% |
| SOUTHEAST ENERGY AUTH COOP DIST ALA ENERGY SUPPLY REV AL 5.000 10/01/2030 | 0.42% | 106.61 | 0.01% |
Fees & Availability
| Fees | |
| Actual 12B-1 Fee | 0.25% |
| Actual Management Fee | 0.25% |
| Administration Fee | 33.39K% |
| Maximum Front Load | -- |
| Maximum Deferred Load | -- |
| Maximum Redemption Fee | -- |
| General Availability | |
| Available for Insurance Product | No |
| Available for RRSP | No |
| Purchase Details | |
| Open to New Investors |
|
| Minimum Initial Investment | 2500.00 None |
| Minimum Subsequent Investment | 100.00 None |
Basic Info
| Investment Strategy | |
| The Fund seeks current income that is exempt from federal income tax and is consistent with the preservation of capital. The Fund normally invests at least 80% of its net assets in municipal bonds and debentures, the income from which is exempt from federal income tax (including the federal alternative minimum tax). |
| General | |
| Security Type | Mutual Fund |
| Equity Style | -- |
| Broad Asset Class | Municipal Bond |
| Broad Category | Fixed Income |
| Global Peer Group | Bond USD Municipal Short Term |
| Peer Group | Short Municipal Debt Funds |
| Global Macro | -- |
| US Macro | National Municipal Debt Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | Short Municipal Debt Funds |
| Fund Owner Firm Name | Baird |
| Broad Asset Class Benchmark Index | |
| ^BBMBTR | 100.0% |
Fundamentals
| General | |
| Distribution Yield | -- |
| Dividend Yield TTM (4-30-26) | 3.05% |
| 30-Day SEC Yield (3-31-26) | 2.80% |
| 7-Day SEC Yield | -- |
| Number of Holdings | 1767 |
| Bond | |
| Yield to Maturity (3-31-26) | 3.33% |
| Effective Duration | 2.26 |
| Average Coupon | 4.47% |
| Calculated Average Quality | 2.455 |
| Effective Maturity | 9.148 |
| Nominal Maturity | 10.10 |
| Number of Bond Holdings | 1716 |
As of March 31, 2026
Fund Details
| Key Dates | |
| Inception Date | 8/31/2015 |
| Last Annual Report Date | 12/31/2025 |
| Last Prospectus Date | 5/1/2025 |
| Share Classes | |
| BTMIX | Inst |
| Attributes | |
| Index Fund | -- |
| Inverse Fund | No |
| Leveraged Fund | -- |
| Fund of Funds | No |
| Currency Hedged Fund | -- |
| Socially Responsible Fund | No |
Top Portfolio Holders
| Name | % Weight |
|---|---|
| Portfolio A | 5.00% |
| Portfolio B | 3.50% |
| Portfolio C | 2.25% |
Excel Add-In Codes
| Name: =YCI("M:BTMSX", "name") |
| Broad Asset Class: =YCI("M:BTMSX", "broad_asset_class") |
| Broad Category: =YCI("M:BTMSX", "broad_category_group") |
| Prospectus Objective: =YCI("M:BTMSX", "prospectus_objective") |
| To find the codes for any of our securities and financial metrics, see our Complete Excel Reference. |