Baird Core Intermediate Municipal Bond Inst (BMNIX)
10.36
-0.01
(-0.10%)
USD |
Dec 05 2025
Returns Chart
Key Stats
| Net Expense Ratio | Total Assets Under Management | Weighted Average Dividend Yield | Turnover Ratio (Generic) |
|---|---|---|---|
| 0.30% | 5.480B | -- | 25.00% |
| 1 Year Fund Level Flows | 1 Year Total Returns (Daily) | Annualized Total Returns Since Inception (Daily) | Max Drawdown (Since Inception) |
| 1.354B | 3.33% | Upgrade | Upgrade |
Basic Info
| Investment Strategy | |
| The Fund seeks a high level of current income that is exempt from federal income tax and is consistent with preservation of capital. The Fund 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). |
| General | |
| Security Type | Mutual Fund |
| Broad Asset Class | Municipal Bond |
| Broad Category | Fixed Income |
| Global Peer Group | Bond USD Municipal |
| Peer Group | Intermediate Municipal Debt Funds |
| Global Macro | Bond HC |
| US Macro | National Municipal Debt Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | Intermediate Municipal Debt Funds |
| Fund Owner Firm Name | Baird |
| Broad Asset Class Benchmark Index | |
| ^BBMBTR | 100.0% |
Net Fund Flows Versus Peer Group
1 Month
% Rank:
3
-28.87M
Peer Group Low
430.86M
Peer Group High
1 Year
% Rank:
3
1.354B
-675.30M
Peer Group Low
3.715B
Peer Group High
3 Months
% Rank:
9
-86.12M
Peer Group Low
1.794B
Peer Group High
3 Years
% Rank:
3
-1.798B
Peer Group Low
9.427B
Peer Group High
6 Months
% Rank:
3
-196.44M
Peer Group Low
3.227B
Peer Group High
5 Years
% Rank:
4
-2.191B
Peer Group Low
4.588B
Peer Group High
YTD
% Rank:
3
-606.46M
Peer Group Low
3.371B
Peer Group High
10 Years
% Rank:
5
-2.626B
Peer Group Low
28.32B
Peer Group High
Date Unavailable
Risk
Performance Versus Peer Group
Annual Total Returns Versus Peers
As of December 06, 2025.
Asset Allocation
As of October 31, 2025.
| Type | % Net |
|---|---|
| Cash | 0.00% |
| Stock | 0.00% |
| Bond | 99.62% |
| Convertible | 0.00% |
| Preferred | 0.00% |
| Other | 0.38% |
Top 10 Holdings
| Name | % Weight | Price | % Change |
|---|---|---|---|
| United States of America USGB 3.75 08/15/2027 FIX USD Government | 1.31% | 100.27 | -0.05% |
| PUBLIC FIN AUTH WIS REV WI 4.000 01/01/2055 | 0.47% | -- | -- |
|
OTHER ASSETS LESS LIABILITIES
|
0.37% | -- | -- |
| Federated Hermes Inst Tax-Free Csh Tr Prmr | 0.37% | 1.00 | 0.00% |
| ILLINOIS FIN AUTH REV IL 2.800 07/15/2055 | 0.33% | -- | -- |
| HARRIS CNTY TEX CULTURAL ED FACS FIN CORP MED FACS REV TX 5.000 11/15/2054 | 0.29% | 108.70 | -0.01% |
| LOWER ALA GAS DIST GAS PROJ REV AL 5.000 12/01/2033 | 0.28% | -- | -- |
| PORT MORROW ORE FULL FAITH & CR OBLIGS OR 5.150 10/01/2026 | 0.28% | 99.90 | 0.01% |
| PEFA INC IOWA GAS PROJ REV IA 5.000 09/01/2049 | 0.28% | 101.09 | -0.01% |
| SAN ANTONIO TEX HSG TR PUB FAC CORP MULTIFAMILY HSG REV TX 4.000 07/01/2045 | 0.27% | -- | -- |
Fees & Availability
| Fees | |
| Actual 12B-1 Fee | -- |
| Actual Management Fee | 0.25% |
| Administration Fee | 1.73M% |
| Maximum Front Load | -- |
| Maximum Deferred Load | -- |
| Maximum Redemption Fee | -- |
| General Availability | |
| Available for Insurance Product | No |
| Available for RRSP | No |
| Purchase Details | |
| Open to New Investors |
|
| Minimum Initial Investment | 10000.00 None |
| Minimum Subsequent Investment | 0.00 None |
Basic Info
| Investment Strategy | |
| The Fund seeks a high level of current income that is exempt from federal income tax and is consistent with preservation of capital. The Fund 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). |
| General | |
| Security Type | Mutual Fund |
| Broad Asset Class | Municipal Bond |
| Broad Category | Fixed Income |
| Global Peer Group | Bond USD Municipal |
| Peer Group | Intermediate Municipal Debt Funds |
| Global Macro | Bond HC |
| US Macro | National Municipal Debt Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | Intermediate Municipal Debt Funds |
| Fund Owner Firm Name | Baird |
| Broad Asset Class Benchmark Index | |
| ^BBMBTR | 100.0% |
Fundamentals
| General | |
| Distribution Yield | -- |
| Dividend Yield TTM (12-4-25) | 3.43% |
| 30-Day SEC Yield (10-31-25) | 3.37% |
| 7-Day SEC Yield | -- |
| Number of Holdings | 3508 |
| Bond | |
| Yield to Maturity (10-31-25) | 3.58% |
| Effective Duration | 5.05 |
| Average Coupon | 4.76% |
| Calculated Average Quality | 2.400 |
| Effective Maturity | 11.79 |
| Nominal Maturity | 14.13 |
| Number of Bond Holdings | 3506 |
As of October 31, 2025
Fund Details
| Key Dates | |
| Inception Date | 8/31/2015 |
| Last Annual Report Date | 12/31/2024 |
| Last Prospectus Date | 5/1/2025 |
| Share Classes | |
| BMNSX | Inv |
| Attributes | |
| Index Fund | -- |
| Inverse Fund | No |
| Leveraged Fund | -- |
| Fund of Funds | No |
| Currency Hedged Fund | -- |
| Synthetic Replication Fund | No |
Top Portfolio Holders
| Name | % Weight |
|---|---|
| Portfolio A | 5.00% |
| Portfolio B | 3.50% |
| Portfolio C | 2.25% |
Excel Add-In Codes
| Name: =YCI("M:BMNIX", "name") |
| Broad Asset Class: =YCI("M:BMNIX", "broad_asset_class") |
| Broad Category: =YCI("M:BMNIX", "broad_category_group") |
| Prospectus Objective: =YCI("M:BMNIX", "prospectus_objective") |
| To find the codes for any of our securities and financial metrics, see our Complete Excel Reference. |