Baird Quality Intermediate Municipal Bond Fund - Investor Class (BMBSX)
Baird Quality Intermediate Municipal Bond Fund - Investor Class operates in the Asset Management - Bonds industry of the Financial Services sector, headquartered in Milwaukee, WI, US. The stock last traded at $11.35, up 0.00% on the session, giving a market capitalisation of $1.10B. Its beta of 0.63 implies it has historically moved less than the broad market.
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.
Baird Quality Intermediate Municipal Bond Fund - Investor Class is most often compared with the following Financial Services names: