BMBSX

About BMBSX

Baird Quality Intermediate Municipal Bond Fund Investor Class is an open-end mutual fund focused on tax-exempt fixed income. Its primary objective is to provide current income that is substantially exempt from federal income tax, with a secondary goal of total return and relatively low volatility of principal. The portfolio principally holds investment-grade, intermediate-term municipal obligations issued by state and local authorities, and normally invests at least 80% of net assets in bonds whose interest is exempt from regular federal income and alternative minimum taxes. The strategy employs a duration-neutral, risk-controlled approach that targets the duration of a quality intermediate municipal benchmark to enhance predictability relative to its index. The fund spans a broad mix of revenue and general obligation sectors across U.S. municipalities, reflecting diversified credit exposure within the national intermediate muni category. It serves investors seeking federally tax-exempt income and intermediate interest-rate sensitivity within a professionally managed, diversified municipal bond allocation.