This fund primarily aims to generate a consistent stream of income largely exempt from federal taxation. A secondary goal is to achieve overall returns with minimal fluctuations in principal value. Under normal circumstances, at least 80% of its net assets are invested in municipal bonds and debentures, which produce federally tax-exempt interest. The fund maintains a broadly diversified portfolio of municipal obligations issued by various governmental authorities throughout the United States and its territories. It is authorized to hold a full spectrum of municipal securities, including pre-refunded bonds, general obligation bonds, revenue bonds, municipal lease participations, and tax-exempt commercial paper.
What is the expense ratio of BMBSX?
Baird Quality Intermediate Municipal Bond Fund - Investor Class (BMBSX) charges an expense ratio of 0.55%. This is the annual fee deducted from fund assets to cover management and operations.
What is BMBSX's dividend yield?
BMBSX's trailing-twelve-month yield is 2.86%, calculated from the sum of dividends over the past year divided by the current price.
What is the duration of BMBSX?
Effective duration measures BMBSX's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. BMBSX's current duration is published on the fund's factsheet on the issuer's website.
What is the credit quality of BMBSX?
BMBSX's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.
What is the yield to maturity of BMBSX?
Yield to maturity (YTM) is the total return you'd earn from BMBSX if every bond in the portfolio is held to maturity at the current price. BMBSX's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.
This fund primarily aims to generate a consistent stream of income largely exempt from federal taxation. A secondary goal is to achieve overall returns with minimal fluctuations in principal value. Under normal circumstances, at least 80% of its net assets are invested in municipal bonds and debentures, which produce federally tax-exempt interest. The fund maintains a broadly diversified portfolio of municipal obligations issued by various governmental authorities throughout the United States and its territories. It is authorized to hold a full spectrum of municipal securities, including…
Cost Verdict
Is BMBSX's expense ratio expensive, average, or a steal for its category?
Pro reveals the verdict on a 5-tier spectrum calibrated against ICI 2025 industry averages, with strategy-aware bands so the comparison is meaningful.
