BMNSX – Baird Core Intermediate Municpl Bd Inv Investment Strategy | Morningstar

Morningstar

Strategy

The investment seeks a high level of current income that is exempt from federal income tax and is consistent with preservation of capital. 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. 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.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
BMNSX	Baird Core Intermediate Municipal Bond Fund Investor Class	No Load	Open			Aug 31, 2015	$67.83M	0.550%	Average	$2,500	$34.13M
BMNIX	Baird Core Intermediate Municipal Bond Fund Institutional Class	Institutional	Open			Aug 31, 2015	$6.68B	0.300%	Low	$10,000	$1.65B

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