Badger Meter, Inc.

Frequently Asked Questions About BMI

What does BMI invest in?

Badger Meter, Inc. (BMI) provides a comprehensive range of solutions for flow measurement, quality assessment, control, and communication. Operating globally, the company serves markets across North America, Europe, Asia, and the Middle East. For municipal water utilities, BMI supplies both conventional and advanced water meters, complemented by associated radio, software, and service technologies. Additionally, Badger Meter engineers and produces a variety of flow instrumentation devices, including meters, valves, and sensing tools. These instruments are vital for measuring and controlling the flow of various substances—from water, air, and steam to oil and other liquids and gases—within industrial piping and pipelines. They are incorporated by original equipment manufacturers (OEMs) as primary measurement components within their products or systems and distributed through manufacturer representatives. Key applications for this instrumentation span water/wastewater treatment, heating, ventilation, and air conditioning (HVAC) systems, and corporate sustainability efforts. The company further innovates with its ORION suite of automatic meter reading (AMR) technologies, encompassing ORION Migratable, ORION (SE) for traditional fixed networks, and ORION Cellular for infrastructure-free fixed network solutions. Its BEACON advanced metering analytics platform, a secure cloud-hosted software, empowers users with alerts for specified conditions and consumer engagement tools to visualize and manage water usage. Serving a broad customer base, including water utilities, industrial clients, and other sectors, Badger Meter sells its offerings directly and through a network of resellers and representatives. Founded in 1905, Badger Meter, Inc. is headquartered in Milwaukee, Wisconsin.

What is the expense ratio of BMI?

An expense ratio for Badger Meter, Inc. (BMI) is not available from our data sources — neither our market-data feed nor the SEC's structured prospectus and annual-report datasets report one for this share class. The fund's prospectus on the issuer's site carries the authoritative fee.

What is BMI's dividend yield?

BMI's trailing-twelve-month yield is 1.27%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of BMI?

Effective duration measures BMI's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. BMI's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of BMI?

BMI's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of BMI?

Yield to maturity (YTM) is the total return you'd earn from BMI if every bond in the portfolio is held to maturity at the current price. BMI's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.