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Baird Short-Term Municipal Bond (0P0001690G)

9.89 0.00 (0.00%)
At close: April 5 at 4:00 PM EDT

Fund Summary

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 ("AMT")). It invests in a broadly diversified portfolio of federally tax-exempt municipal obligations issued by governmental authorities throughout the U.S. and its territories. The fund may invest in all types of municipal obligations, including pre-refunded bonds, general obligation bonds, revenue bonds, and municipal lease participations.

Baird Short-Term Municipal Bond

Milwaukee, WI 53202
777 East Wisconsin Avenue

Fund Overview

Category Muni National Short
Fund Family Baird
Net Assets 1.55B
YTD Return 0.20%
Yield 2.66%
Morningstar Rating
Inception Date Aug 31, 2015

Fund Operations

Last Dividend 0.07
Last Cap Gain -5.00
Holdings Turnover 40.00%
Average for Category --

Fees & Expenses

Expense 0P0001690G Category Average
Annual Report Expense Ratio (net) 0.30% 0.60%
Prospectus Net Expense Ratio 0.30% --
Prospectus Gross Expense Ratio 0.30% --
Max 12b1 Fee -- --
Max Front End Sales Load -- 2.24%
Max Deferred Sales Load -- 1.03%
3 Yr Expense Projection 0 --
5 Yr Expense Projection 0 --
10 Yr Expense Projection 0 --

Management Information

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).

Morningstar Style Box

Morningstar Category

While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk, and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. When necessary, we may change a category assignment based on recent changes to the portfolio.

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