Baird Core Intermediate Municipal Bond Fund Institutional Class (BMNIX)
| Fund Assets | 6.85B |
| Expense Ratio | 0.30% |
| Min. Investment | $25,000 |
| Turnover | 22.00% |
| Dividend (ttm) | 0.36 |
| Dividend Yield | 3.48% |
| Dividend Growth | 2.41% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jun 26, 2026 |
| Previous Close | 10.38 |
| YTD Return | 1.32% |
| 1-Year Return | 4.95% |
| 5-Year Return | 7.87% |
| 52-Week Low | 10.13 |
| 52-Week High | 10.52 |
| Beta (5Y) | 0.19 |
| Holdings | 4009 |
| Inception Date | Aug 31, 2015 |
About BMNIX
Baird Core Intermediate Municipal Bond Fund Institutional Class is an open-end municipal bond fund focused on generating a high level of federally tax‑exempt income while emphasizing capital preservation. The fund invests primarily in investment‑grade municipal obligations across a national universe, including general obligation bonds, revenue bonds, pre‑refunded bonds, and municipal lease participations, with the flexibility to hold a limited allocation to below‑investment‑grade and unrated securities deemed of comparable quality. Positioned in the intermediate segment of the yield curve, it targets bonds in the 1–15 year range and employs yield‑curve positioning to capture pricing inefficiencies, optimize yield and roll, and maintain tax efficiency. The strategy broadly diversifies across sectors such as state and local general obligations, essential services, transportation, healthcare, and sales‑tax backed issues, and typically avoids alternative minimum tax exposure. The fund’s portfolio is predominantly bonds with modest cash holdings, reflecting its income orientation and risk‑controlled approach in the muni national intermediate category. Its role in the market is to provide tax‑advantaged income and balanced interest‑rate sensitivity for investors seeking intermediate‑term municipal exposure.
Performance
BMNIX had a total return of 4.95% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.73%.
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% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 26, 2026 | $0.02895 | Jun 29, 2026 |
| May 27, 2026 | $0.0323 | May 28, 2026 |
| Apr 27, 2026 | $0.02814 | Apr 28, 2026 |
| Mar 27, 2026 | $0.03248 | Mar 30, 2026 |
| Feb 25, 2026 | $0.02988 | Feb 26, 2026 |
| Jan 28, 2026 | $0.02691 | Jan 29, 2026 |