Baird Core Intermediate Municipal Bond Fund - Institutional Class (BMNIX)

BMNIX is an institutional class mutual fund offered by Baird that focuses on intermediate-term municipal bonds. This fund aims to provide investors with a diversified portfolio of high-quality municipal bonds, typically with maturities between 3 and 10 years. The fund's objective is to generate tax-exempt income while preserving capital and maintaining a low level of risk. With a focus on core intermediate municipal bonds, BMNIX may be suitable for investors seeking a steady stream of tax-free income and a moderate level of risk.