Baird Core Intermediate Municipal Bond Fund Institutional Class (BMNIX)
| Fund Assets | 2.63B |
| Expense Ratio | 0.30% |
| Min. Investment | $25,000 |
| Turnover | n/a |
| Dividend (ttm) | 0.35 |
| Dividend Yield | 3.50% |
| Dividend Growth | 8.58% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Apr 25, 2025 |
| Previous Close | 10.10 |
| YTD Return | -0.37% |
| 1-Year Return | 2.50% |
| 5-Year Return | 8.72% |
| 52-Week Low | n/a |
| 52-Week High | n/a |
| Beta (5Y) | 0.16 |
| Holdings | 2887 |
| Inception Date | Aug 31, 2015 |
About BMNIX
BMNIX was founded on 2015-08-31. The Fund's investment strategy focuses on Intmdt Muni Debt with 0.3% total expense ratio. The minimum amount to invest in Baird Funds, Inc: Baird Core Intermediate Municipal Bond Fund; Institutional Class Shares is $25,000 on a standard taxable account. Baird Funds, Inc: Baird Core Intermediate Municipal Bond Fund; Institutional Class Shares seeks a high level of current income that is exempt from federal income tax and is consistent with preservation of capital. BMNIX 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).
Performance
BMNIX had a total return of 2.50% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.42%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
Other Share Classes
These are alternative share classes of the same fund, from the same provider.
| Symbol | Share Class | Expense Ratio |
|---|---|---|
| BMNSX | Investor Class | 0.55% |
Top 10 Holdings
4.86% of assets| Name | Symbol | Weight |
|---|---|---|
| United States Treasury Notes 3.75% | T 3.75 08.15.27 | 0.95% |
| United States Treasury Notes 4.13% | T 4.125 10.31.29 | 0.72% |
| Federated Hermes Institutional Tax-Free Cash Trust | FTFXX | 0.71% |
| United States Treasury Notes 4.13% | T 4.125 06.15.26 | 0.48% |
| PEFA INC IOWA GAS PROJ REV 5% | IA PEFUTL 09.01.2049 | 0.35% |
| SAN ANTONIO TEX HSG TR PUB FAC CORP MULTIFAMILY HSG REV 4% | TX SAHMFH 07.01.2045 | 0.34% |
| TENNESSEE HSG DEV AGY RESIDENTIAL FIN PROG REV 6.25% | TN TNSHSG 6.25 01.01.2054 | 0.34% |
| NEW JERSEY ST TRANSN TR FD AUTH 5% | NJ NJSTRN 5 06.15.2033 | 0.33% |
| KENTUCKY INC KY PUB ENERGY AUTH GAS SUPLLY REV 5.25% | KY KYSPWR 06.01.2055 | 0.33% |
| WISCONSIN ST HEALTH & EDL FACS AUTH REV 5% | WI WISMED 5 08.01.2027 | 0.32% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Apr 25, 2025 | $0.02777 | Apr 28, 2025 |
| Mar 27, 2025 | $0.03096 | Mar 28, 2025 |
| Feb 26, 2025 | $0.03337 | Feb 27, 2025 |
| Jan 28, 2025 | $0.02643 | Jan 29, 2025 |
| Dec 27, 2024 | $0.02769 | Dec 30, 2024 |
| Nov 27, 2024 | $0.0314 | Nov 29, 2024 |