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Morningstar

Baird Core Intermediate Municpl Bd Instl BMNIX

Morningstar Medalist Rating
Medalist Rating as of | See Baird Investment Hub
  • NAV / 1-Day Return 10.24  /  +0.10 %
  • Total Assets 3.5 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 3.26%
  • Effective Duration 4.49 years

USD | NAV as of Jul 05, 2024 | 1-Day Return as of Jul 05, 2024, 10:19 PM 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.

A compelling tax-exempt muni offering.

Associate Analyst Max Curtin

Max Curtin

Associate Analyst

Summary

Baird Core Intermediate Municipal Bond's experienced team capably executes this all-weather municipal approach, which rivals the Morningstar Category's best.

by Max Curtin
Rated on Published on

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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