Baird Municipal Bond Fund
Name
As of 10/07/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
3.5%
1 yr return
11.7%
3 Yr Avg Return
1.1%
5 Yr Avg Return
N/A
Net Assets
$254 M
Holdings in Top 10
7.1%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.30%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 38.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$10,000
IRA
$10,000
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 10/07/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
BMQIX - Profile
Distributions
- YTD Total Return 3.5%
- 3 Yr Annualized Total Return 1.1%
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.83%
- Dividend Yield 3.6%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameBaird Municipal Bond Fund
-
Fund Family NameBaird
-
Inception DateNov 15, 2019
-
Shares Outstanding4149942
-
Share ClassInstl
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerErik Schleicher
Fund Description
BMQIX - Performance
Return Ranking - Trailing
Period | BMQIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 3.5% | -1.9% | 26.5% | 21.77% |
1 Yr | 11.7% | 2.4% | 37.3% | 33.51% |
3 Yr | 1.1%* | -9.9% | 3.4% | 7.63% |
5 Yr | N/A* | -6.7% | 1104.9% | N/A |
10 Yr | N/A* | -0.8% | 248.9% | N/A |
* Annualized
Return Ranking - Calendar
Period | BMQIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 3.4% | -1.4% | 41.0% | 24.22% |
2022 | -10.0% | -39.7% | 0.3% | 35.36% |
2021 | 0.8% | -5.6% | 6.9% | 9.78% |
2020 | 5.6% | -2.6% | 310.0% | 2.08% |
2019 | N/A | 0.0% | 26.0% | N/A |
Total Return Ranking - Trailing
Period | BMQIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 3.5% | -1.9% | 26.5% | 21.77% |
1 Yr | 11.7% | 2.4% | 37.3% | 33.51% |
3 Yr | 1.1%* | -9.9% | 3.4% | 7.63% |
5 Yr | N/A* | -6.7% | 1104.9% | N/A |
10 Yr | N/A* | -0.8% | 248.9% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | BMQIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 7.1% | -1.3% | 41.0% | 16.57% |
2022 | -7.8% | -39.7% | 1.1% | 34.48% |
2021 | 3.5% | -4.8% | 23761504.0% | 11.48% |
2020 | 10.0% | -1.5% | 17057.9% | 2.22% |
2019 | N/A | 0.2% | 3514.6% | N/A |
NAV & Total Return History
BMQIX - Holdings
Concentration Analysis
BMQIX | Category Low | Category High | BMQIX % Rank | |
---|---|---|---|---|
Net Assets | 254 M | 3.22 M | 71.9 B | 65.01% |
Number of Holdings | 467 | 4 | 13418 | 27.47% |
Net Assets in Top 10 | 16.8 M | -317 M | 3.45 B | 90.11% |
Weighting of Top 10 | 7.06% | 1.9% | 100.1% | 90.57% |
Top 10 Holdings
- City of Mount Pleasant TX 0.94%
- Lincoln Airport Authority 0.83%
- Noblesville Community Development Corp 0.83%
- Arlington Housing Finance Corp 0.77%
- Ridley School District 0.66%
- Montana Board of Housing 0.64%
- Cass County Joint Water Resource District 0.63%
- St Clair County Community Unit School District No 187 Cahokia 0.60%
- Utah Housing Corp 0.59%
- City of Chicago IL Wastewater Transmission Revenue 0.58%
Asset Allocation
Weighting | Return Low | Return High | BMQIX % Rank | |
---|---|---|---|---|
Bonds | 99.93% | 0.00% | 150.86% | 24.34% |
Cash | 0.35% | -50.86% | 43.45% | 73.13% |
Stocks | 0.00% | 0.00% | 99.89% | 56.03% |
Preferred Stocks | 0.00% | 0.00% | 0.08% | 48.18% |
Other | 0.00% | -3.72% | 51.88% | 45.06% |
Convertible Bonds | 0.00% | 0.00% | 0.93% | 47.44% |
Bond Sector Breakdown
Weighting | Return Low | Return High | BMQIX % Rank | |
---|---|---|---|---|
Municipal | 99.61% | 44.39% | 100.00% | 27.25% |
Cash & Equivalents | 0.35% | 0.00% | 43.45% | 41.21% |
Derivative | 0.00% | -3.72% | 51.88% | 42.67% |
Securitized | 0.00% | 0.00% | 5.93% | 41.97% |
Corporate | 0.00% | 0.00% | 9.41% | 50.70% |
Government | 0.00% | 0.00% | 52.02% | 44.90% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | BMQIX % Rank | |
---|---|---|---|---|
US | 99.93% | 0.00% | 142.23% | 23.22% |
Non US | 0.00% | 0.00% | 23.89% | 50.83% |
BMQIX - Expenses
Operational Fees
BMQIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.30% | 0.01% | 8.02% | 94.09% |
Management Fee | 0.25% | 0.00% | 1.20% | 9.62% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | 0.05% | 0.01% | 0.44% | 13.88% |
Sales Fees
BMQIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.50% | 4.75% | N/A |
Deferred Load | N/A | 0.25% | 5.00% | N/A |
Trading Fees
BMQIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 1.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
BMQIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 38.00% | 0.00% | 283.00% | 85.68% |
BMQIX - Distributions
Dividend Yield Analysis
BMQIX | Category Low | Category High | BMQIX % Rank | |
---|---|---|---|---|
Dividend Yield | 3.63% | 0.00% | 14.51% | 9.08% |
Dividend Distribution Analysis
BMQIX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
BMQIX | Category Low | Category High | BMQIX % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.83% | -0.53% | 5.33% | 57.29% |
Capital Gain Distribution Analysis
BMQIX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Sep 24, 2024 | $0.031 | OrdinaryDividend |
Aug 26, 2024 | $0.030 | OrdinaryDividend |
Jul 25, 2024 | $0.031 | OrdinaryDividend |
Apr 25, 2024 | $0.030 | OrdinaryDividend |
Mar 26, 2024 | $0.033 | OrdinaryDividend |
Feb 26, 2024 | $0.032 | OrdinaryDividend |
Jan 26, 2024 | $0.026 | OrdinaryDividend |
Dec 28, 2023 | $0.034 | OrdinaryDividend |
Nov 27, 2023 | $0.032 | OrdinaryDividend |
Oct 24, 2023 | $0.032 | OrdinaryDividend |
Sep 25, 2023 | $0.029 | OrdinaryDividend |
Aug 24, 2023 | $0.028 | OrdinaryDividend |
Jul 25, 2023 | $0.030 | OrdinaryDividend |
Jun 26, 2023 | $0.022 | OrdinaryDividend |
May 25, 2023 | $0.029 | OrdinaryDividend |
Apr 25, 2023 | $0.028 | OrdinaryDividend |
Mar 27, 2023 | $0.026 | OrdinaryDividend |
Feb 24, 2023 | $0.027 | OrdinaryDividend |
Jan 25, 2023 | $0.021 | OrdinaryDividend |
Dec 28, 2022 | $0.031 | OrdinaryDividend |
Nov 23, 2022 | $0.024 | OrdinaryDividend |
Oct 25, 2022 | $0.024 | OrdinaryDividend |
Sep 23, 2022 | $0.023 | OrdinaryDividend |
Aug 23, 2022 | $0.022 | OrdinaryDividend |
Jul 25, 2022 | $0.021 | OrdinaryDividend |
Jun 23, 2022 | $0.018 | OrdinaryDividend |
May 24, 2022 | $0.018 | OrdinaryDividend |
Apr 25, 2022 | $0.017 | OrdinaryDividend |
Mar 25, 2022 | $0.016 | OrdinaryDividend |
Feb 24, 2022 | $0.020 | OrdinaryDividend |
Dec 28, 2021 | $0.018 | OrdinaryDividend |
Dec 16, 2021 | $0.082 | CapitalGainShortTerm |
Nov 24, 2021 | $0.015 | OrdinaryDividend |
Oct 26, 2021 | $0.017 | OrdinaryDividend |
Sep 24, 2021 | $0.016 | OrdinaryDividend |
Aug 25, 2021 | $0.015 | OrdinaryDividend |
Jul 27, 2021 | $0.016 | OrdinaryDividend |
Jun 25, 2021 | $0.015 | OrdinaryDividend |
May 25, 2021 | $0.016 | OrdinaryDividend |
Apr 26, 2021 | $0.017 | OrdinaryDividend |
Mar 25, 2021 | $0.015 | OrdinaryDividend |
Feb 25, 2021 | $0.020 | OrdinaryDividend |
Jan 26, 2021 | $0.014 | OrdinaryDividend |
Dec 28, 2020 | $0.017 | OrdinaryDividend |
Dec 17, 2020 | $0.213 | CapitalGainShortTerm |
Nov 24, 2020 | $0.019 | OrdinaryDividend |
Oct 26, 2020 | $0.017 | OrdinaryDividend |
Sep 25, 2020 | $0.021 | OrdinaryDividend |
Aug 25, 2020 | $0.019 | OrdinaryDividend |
Jul 27, 2020 | $0.018 | OrdinaryDividend |
Jun 26, 2020 | $0.021 | OrdinaryDividend |
May 27, 2020 | $0.021 | OrdinaryDividend |
Apr 27, 2020 | $0.020 | OrdinaryDividend |
Mar 26, 2020 | $0.014 | OrdinaryDividend |
Feb 25, 2020 | $0.016 | OrdinaryDividend |
Jan 27, 2020 | $0.010 | OrdinaryDividend |
Dec 26, 2019 | $0.000 | OrdinaryDividend |
Nov 25, 2019 | $0.000 | OrdinaryDividend |
BMQIX - Fund Manager Analysis
Managers
Erik Schleicher
Start Date
Tenure
Tenure Rank
Nov 15, 2019
2.54
2.5%
Erik's responsibilities include portfolio management, credit research and strategy development in the municipal sector. Erik obtained his undergraduate degree from the University of Wisconsin-Oshkosh and his MBA from the University of Wisconsin-Milwaukee. He earned the Chartered Financial Analyst designation in 2017 and is currently a member of the CFA Institute and the CFA Society of Milwaukee. Prior to joining Baird Advisors, Erik was a Portfolio Manager with BMO Global Asset Management where he was responsible for managing tax-free fixed income strategies and credit research.
Joseph Czechowicz
Start Date
Tenure
Tenure Rank
Nov 15, 2019
2.54
2.5%
Joe's responsibilities include portfolio management, credit research and strategy development in the municipal sector. Joe obtained his undergraduate degree from the University of Wisconsin-Parkside and his MBA with a concentration in applied security analysis from the University of Wisconsin-Madison. He earned the Chartered Financial Analyst designation in 2017 and is currently a member of the CFA Institute and the CFA Society of Milwaukee. Prior to joining Baird Advisors, Joe was a Portfolio Manager with BMO Global Asset Management where he was responsible for managing tax-free fixed income strategies and credit research.
Duane McAllister
Start Date
Tenure
Tenure Rank
Nov 15, 2019
2.54
2.5%
Duane has more than 30 years of investment experience managing fixed income portfolios, with a primary focus on the municipal market. He plays a lead role in the formulation and implementation of investment strategy with a major portion of his time allocated to municipal portfolio management and credit research. Duane obtained his undergraduate degree from Northern Illinois University and earned the Chartered Financial Analyst designation in 1991. He is currently a member of the CFA Institute and the CFA Society of Milwaukee. Prior to joining Baird Advisors, Duane was a Managing Director and Senior Portfolio Manager at BMO Global Asset Management where he was the lead portfolio manager for tax-free fixed income strategies.
Lyle Fitterer
Start Date
Tenure
Tenure Rank
Nov 15, 2019
2.54
2.5%
Lyle has over 30 years of investment experience managing fixed income portfolios, with a primary focus on the municipal market. He plays a lead role in the formulation and implementation of investment strategy with a major portion of his time allocated to municipal portfolio management and credit research. Lyle received his undergraduate degree in accounting from the University of North Dakota. He was awarded the Chartered Financial Analyst designation in 1996. Lyle is currently a member of the CFA Institute and is a member of the CFA Society of Milwaukee. Prior to joining Baird Advisors, Lyle served as the co-head of Global Fixed Income and the head of the Municipal Fixed Income team at Wells Fargo Asset Management (WFAM).
Gabe Diederich
Start Date
Tenure
Tenure Rank
May 01, 2022
0.08
0.1%
Gabe's responsibilities include helping to set and implement investment strategy with a major portion of his time allocated to municipal portfolio management and credit research. Gabe received his bachelor’s degree with distinction from the University of Wisconsin at Madison School of Business and his MBA from Marquette University magna cum laude. He earned the Chartered Financial Analyst (CFA) designation in 2012 and is active in the CFA Society of Milwaukee. Gabe is a member of the National Federation of Municipal Analysts (NFMA) and the Chicago Municipal Analysts Society. Prior to joining Baird Advisors, Gabe spent 17 years at Wells Fargo Asset Management (WFAM) and its predecessor firm, Strong Capital Management. At WFAM Gabe was a municipal portfolio manager working on over $40B in client municipal assets including mutual funds and institutional separate accounts.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 35.05 | 7.33 | 1.58 |