BMBSX – Baird Quality Intermediate Muni Bd Inv Investment Strategy | Morningstar

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Strategy

The investment seeks current income that is substantially exempt from federal income tax; total return with relatively low volatility of principal is a secondary objective. The fund normally invests at least 80% of its net assets in municipal bonds and debentures, the interest from which is exempt from federal income tax. It invests in a broadly diversified portfolio of municipal obligations issued by governmental authorities throughout the U.S. and its territories. The fund may invest in all types of municipal obligations, including pre-refunded bonds, general obligation bonds, revenue bonds, municipal lease participations and tax-exempt commercial paper.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
BMBSX	Baird Quality Intermediate Municipal Bond Fund Class Investor	No Load	Open			Mar 30, 2001	$58.64M	0.550%	Average	$2,500	$670,338.90
BMBIX	Baird Quality Intermediate Municipal Bond Fund Class Institutional	Institutional	Open			Mar 30, 2001	$980.62M	0.300%	Low	$10,000	−$12.07M

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