Skip to Content
Morningstar

Baird Core Intermediate Municpl Bd Instl BMNIX

Morningstar Medalist Rating
Medalist Rating as of | See Baird Investment Hub
  • NAV / 1-Day Return 10.22  /  0.00
  • Total Assets 3.3 Bil
  • Adj. Expense Ratio
    0.300%
  • Expense Ratio 0.300%
  • Distribution Fee Level Low
  • Share Class Type Institutional
  • Category Muni National Interm
  • Credit Quality / Interest Rate Sensitivity Medium/Limited
  • Min. Initial Investment 10,000
  • Status Open
  • TTM Yield 3.13%
  • Effective Duration 4.49 years

USD | NAV as of Apr 16, 2024 | 1-Day Return as of Apr 16, 2024, 12:08 AM GMT+0

Morningstar’s Analysis BMNIX

Will BMNIX outperform in 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.

This growing effort is one to highlight.

Associate Analyst Elizabeth Templeton

Elizabeth Templeton

Associate Analyst

Summary

Baird Core Intermediate Municipal Bond’s collaborative investing culture pairs well with a straightforward but effective style to the tax-exempt market. It earns a Morningstar Medalist Rating of Silver for its Institutional shares and Neutral for the pricier investor shares.

by Elizabeth Templeton
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings BMNIX

More BMNIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 5.2
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

United States Treasury Notes 4.88%

1.09 35.9 Mil
Government

APPLING CNTY GA DEV AUTH POLLUTN CTL REV 4.35%

0.65 21.4 Mil
municipal

United States Treasury Notes 4.25%

0.60 19.8 Mil
Government

TENNESSEE HSG DEV AGY RESIDENTIAL FIN PROG REV 6.25%

0.45 14.7 Mil
municipal

WISCONSIN ST HEALTH & EDL FACS AUTH REV 5%

0.41 13.5 Mil
municipal

MOBILE ALA INDL DEV BRD POLLUTN CTL REV 3.92%

0.40 13.0 Mil
municipal

BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV 5%

0.40 13.0 Mil
municipal

PORT AUTH OF GTR CINCINNATI DEV AUTH OHIO REV 5%

0.39 12.9 Mil
municipal

SOUTHEAST ENERGY AUTH COMMODITY SUPPLY REV ALA 5.25%

0.39 12.7 Mil
municipal

MAIN STR NAT GAS INC GA GAS SUPPLY REV 4%

0.38 12.6 Mil
municipal