Performance
Trailing returns
| 1 day |
| -0.17% | |||
| 1 week | +0.00% | ||||
| 4 week |
| -1.70% | |||
| 3 month |
| -1.16% | |||
| YTD |
| -1.13% | |||
| 1 year | +0.38% |
| |||
| 3 years* | +3.47% |
| |||
| 5 years* | +4.65% |
| |||
| *annualized | |||||
| Best 3 month return | +7.96% | |
| Worst 3 month return | -3.81% |
Morningstar statistics
Morningstar category: Muni National Interm
| Return | Risk | Rating | |
| 3 years | Below Average | Below Average |
 
|
| 5 years | Below Average | Below Average |
|
| 10 years | Below Average | Average |
|
| Overall | Below Average | Average |
|
Key statistics
| Total assets | 1.18B | |
| Front load | - | |
| Deferred load | - | |
| Expense ratio | 0.55% | |
| Management fee | - | |
| Fund family | Baird |
Asset allocation
| Cash | 1.53% | |
| Stocks | 0.00% | |
| Bonds | 98.47% | |
| Other | 0.00% |
Purchase information
| Initial | US$2,500 | |
| Additional | US$100 | |
| IRA Initial | US$1,000 | |
| AIP Initial | US$100 | |
| AIP Additional | US$100 |
12.030.00(0.00%)
Jun 18, 4:00PM EDT
Overall Morningstar RatingTM
Description
The investment seeks current income that is substantially exempt from federal income tax; total return with relatively low volatility of principal is a secondary objective. The fund invests in municipal securities issued by governmental authorities throughout the United States and its territories. It primarily purchases general obligation and pre-refunded bonds issued for any purpose, and revenue bonds funding education, housing, transportation and essential services including, without limitation, water, sewer and electricity. The fund normally invests at least 80% of its net assets in a diversified portfolio of bonds and debentures.
Fund filings (PDF) »
Fund filings (PDF) »
Asset managers:
Charles Groeschell (Started: Mar 30, 2001)
Mary Stanek (Started: Mar 30, 2001)
Daniel Tranchita (Started: Mar 30, 2001)
Gary Elfe (Started: Mar 30, 2001)
Warren Pierson (Started: Mar 30, 2001)
M. deGuzman (Started: Mar 30, 2001)
Charles Groeschell (Started: Mar 30, 2001)
Mary Stanek (Started: Mar 30, 2001)
Daniel Tranchita (Started: Mar 30, 2001)
Gary Elfe (Started: Mar 30, 2001)
Warren Pierson (Started: Mar 30, 2001)
M. deGuzman (Started: Mar 30, 2001)
Risk
| 1 year | 3 years | 5 years | 10 years | ||
| Alpha* | -1.41 | -0.55 | 0.57 | -0.38 | |
| Beta* | 0.78 | 0.76 | 0.69 | 0.79 | |
| Mean annual return | 0.08 | 0.30 | 0.38 | 0.31 | |
| R-squared* | 96.39 | 89.19 | 72.30 | 80.71 | |
| Standard deviation | 2.58 | 3.11 | 3.88 | 3.97 | |
| Sharpe ratio | 0.35 | 1.12 | 1.10 | 0.49 | |
| * Against standard index | |||||
Top 10 holdings
| Security | Net Assets | |
| Houston Tex Wtr & Swr Sys Rev Ref R 5.5% | 1.86% | |
| Louisiana Pub Facs Auth 5.5% | 1.68% | |
| Massachusetts St Go Bds 4% | 1.46% | |
| Metropolitan Transn Auth 6% | 1.43% | |
| Westchester Tobacco Asset Secu Cap Appre | 1.42% | |
| Florida St Brd Ed Pub Ed Pub Ed Ca 5% | 1.39% | |
| Louisville & Jefferson Cnty Ky Re 6.125% | 1.35% | |
| San Marcos Calif Pub Facs Auth | 1.32% | |
| King Cnty Wash Go Ref Bd 5% | 1.26% | |
| Georgia St Go Ref Bd 5% | 1.24% |