# Baird Quality Intermediate Municipal Bond Fund - Investor Class (BMBSX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/bmbsx for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Baird · Asset class: Bond - Strategy: Actively Managed · Inception: 2001-03-30 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 pr... ## Key Facts | Metric | Value | |---|---| | Price | $11.20 | | Expense Ratio | 0.55% | | Assets Under Management | $1.04B | | NAV | $11.20 (2026-10-29 close) | | Holdings Count | — | | Distribution Yield (TTM) | 2.88% | | Annual Distribution (TTM) | $0.32 /share | | Distribution Frequency | Monthly | | 52-Week Range | $10.84 – $11.62 | | Beta | 0.63 | ## Latest Distribution - Amount: $0.0290 /share - Ex-date: 2026-10-27 - Pay date: 2026-10-28 ## Frequently Asked Questions ### What does BMBSX invest in? 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 2.88%, 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. ### Does BMBSX pay a dividend? Yes, Baird Quality Intermediate Municipal Bond Fund - Investor Class (BMBSX) distributes dividends to shareholders. The trailing-twelve-month yield is 2.88%. Full dividend history is on this page. ### How often does BMBSX pay dividends? Baird Quality Intermediate Municipal Bond Fund - Investor Class pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### When is BMBSX's next ex-dividend date? The most recently announced ex-dividend date for BMBSX was 2026-10-27. The next ex-date typically follows Monthly; once announced it appears at the top of the dividend history table on this page. ### How much will BMBSX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.55% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does BMBSX charge its expense ratio? The expense ratio is deducted in tiny daily slices from BMBSX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does BMBSX cost more than a fund like VOO? BMBSX is actively managed (current expense ratio 0.55%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether BMBSX's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to BMBSX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as BMBSX (0.55%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/bmbsx - Distribution history: https://www.dividenddata.com/funds/bmbsx/dividend - Holdings & diversification: https://www.dividenddata.com/funds/bmbsx/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/bmbsx/expenses - Peer comparison: https://www.dividenddata.com/funds/bmbsx/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.