Experience and Consistency

What Investors Need in Today's Municipal Bond Market

Duane McAllister

Prior to joining Baird, Duane McAllister co-managed the BNMO Intermediate Tax-Free Mutual Fund, which received the 2015 Lipper Award for its 10-year track record int he intermediate municipal bond category.1

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Baird Advisors' municipal bond team has managed strategies and mutual funds across the yield curve and through many market cycles, earning the trust of institutional and retail investors, and other investment professionals through the consistency of their approach and the quality of their performance. 

In the video below, 25-year veteran municipal portfolio manager Duane McAllister discusses his team's experience and approach.

Baird Advisors Welcomes New Municipal Investment Team from Robert W. Baird on Vimeo.

The two funds Duane and his team founded at Baird, the Baird Core Intermediate Municipal Bond Fund (BMNIX/BMNSX) and the Baird Short-Term Municipal Bond Fund (BTMIX/BTMSX), recently celebrate their one-year anniversaries with strong performance versus their benchmarks. 

    YTD
(As of 9/30/2016)
  1-Year
(As of  9/30/2016)
  Since Inception
(As of 9/30/2016)
             
Baird Short-Term Municipal Bond Fund
(BTMIX)
Inception: 8/31/2015
  1.90   2.49   2.63
             
Barclays Short 1-5 Year Municipal Index   1.15
  1.23   1.43 
             
Core Intermediate Municipal Bond Fund
(BMNIX)
Inception: 8/31/2015 
  4.08   5.52   5.66 
             
Barclays Municipal Bond 1-15 Year Index    3.18    4.34    4.68 

 

1The Lipper Fund Awards program honors funds that have excelled in delivering consistently strong risk-adjusted performance relative to their peers. For the 1-year period ending 03/31/15, the BMO Intermediate Tax-Free Fund Y Shares ranked 28 out of 219 funds within Lipper's Intermediate Municipal Debt Funds category. For the 3-year period, Y Shares ranked 19 out of 184 funds. For the 5-year period, Y Shares ranked 22 out of 158 funds. For the 10-year period Y Shares ranked 2 out of 103 funds. 

Investors should consider the investment objectives, risks, charges and expenses of the fund carefully before investing. This and other information is found in the prospectus or summary prospectus. For a prospectus or summary prospectus, contact your financial advisor. Please read the prospectus or summary prospectus carefully before investing.

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