Morningstar

Baird Core Intermediate Municipal Bond Fund Institutional Class BMNIX

Morningstar Medalist Rating
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  • NAV / 1-Day Return $10.00  /  0.00
  • Fund Size $6.3B
  • Adjusted Expense Ratio 0.300%
  • Net Expense Ratio 0.300%
  • Fee Level: Distribution Low
  • Share Class Type Institutional
  • Morningstar Category Muni National Interm
  • Fixed-Income Style Box (Funds) Medium/Moderate
  • Minimum Initial Investment $10,000
  • Investment Status Open
  • TTM Yield 3.70%
  • Average Effective Duration 5.51 yrs
NAV and 1-Day Return as of

Morningstar’s Analysis BMNIX

Will BMNIX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable BMNIX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the BMNIX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of BMNIX’s parent organization’s priorities and whether they’re in line with investors’ interests.

As steady as they come.

Senior Analyst Max Curtin

Max Curtin

Senior Analyst

Summary

Baird Core Intermediate Municipal Bond’s seasoned team and measured approach make for a great combination. A decade after starting up this franchise, Baird has earned its place among the top municipal-bond managers.

by Max Curtin
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Portfolio Holdings BMNIX

More BMNIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 4.2
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Federated Hermes Instl T-F Cash Premier

2.15 144M
Cash and Equivalents

United States Treasury Notes 4%

1.12 75M
Government

PENNSYLVANIA ECONOMIC DEV FING AUTH SOLID WASTE DISP REV 3.25%

0.39 26M
municipal

CALIFORNIA MUN FIN AUTH REV 5%

0.38 26M
municipal

PUBLIC FIN AUTH WIS REV 4%

0.38 26M
municipal

Alabama Toll Road Bridge And Tunnel Authority

0.35 24M
municipal

PEFA INC IOWA GAS PROJ REV 5%

0.35 23M
municipal

SOUTHEAST ENERGY AUTH COOP DIST ALA ENERGY SUPPLY REV 5%

0.32 22M
municipal

Alabama Toll Road Bridge And Tunnel Authority

0.31 21M
municipal

BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV 5%

0.30 20M
municipal

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