Baird Municipal Bond Fund Institutional (BMQIX)
10.01
-0.01
(-0.10%)
USD |
May 01 2026
Returns Chart
Key Stats
| Net Expense Ratio | Total Assets Under Management | Weighted Average Dividend Yield | Turnover Ratio (Generic) |
|---|---|---|---|
| 0.30% | 899.10M | -- | 16.00% |
| 1 Year Fund Level Flows | 1 Year Total Returns (Daily) | Annualized Total Returns Since Inception (Daily) | Max Drawdown (Since Inception) |
| 437.24M | 6.36% |
Basic Info
| Investment Strategy | |
| The Fund seeks a high level of current income that is exempt from federal income tax and is consistent with the preservation of capital. The Fund invests at least 80% of its net assets in municipal bonds and debentures, the income from which is exempt from federal income tax, including the federal alternative minimum tax. |
| General | |
| Security Type | Mutual Fund |
| Equity Style | -- |
| Broad Asset Class | Municipal Bond |
| Broad Category | Fixed Income |
| Global Peer Group | Bond USD Municipal |
| Peer Group | General & Insured Municipal Debt Funds |
| Global Macro | Bond HC |
| US Macro | National Municipal Debt Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | General & Insured Municipal Debt Funds |
| Fund Owner Firm Name | Baird |
| Broad Asset Class Benchmark Index | |
| ^BBMBTR | 100.0% |
Net Fund Flows Versus Peer Group
1 Month
% Rank:
10
-99.16M
Peer Group Low
809.96M
Peer Group High
1 Year
% Rank:
15
437.24M
-787.31M
Peer Group Low
6.079B
Peer Group High
3 Months
% Rank:
11
-397.00M
Peer Group Low
1.450B
Peer Group High
3 Years
% Rank:
20
-4.696B
Peer Group Low
16.26B
Peer Group High
6 Months
% Rank:
20
-636.26M
Peer Group Low
2.119B
Peer Group High
5 Years
% Rank:
18
-8.303B
Peer Group Low
33.26B
Peer Group High
YTD
% Rank:
19
-391.95M
Peer Group Low
1.826B
Peer Group High
10 Years
% Rank:
25
-7.333B
Peer Group Low
45.51B
Peer Group High
Date Unavailable
Risk
Performance Versus Peer Group
Annual Total Returns Versus Peers
As of May 03, 2026.
Asset Allocation
As of March 31, 2026.
| Type | % Net |
|---|---|
| Cash | 0.00% |
| Stock | 0.00% |
| Bond | 99.62% |
| Convertible | 0.00% |
| Preferred | 0.00% |
| Other | 0.38% |
Top 10 Holdings
| Name | % Weight | Price | % Change |
|---|---|---|---|
| United States of America USGB 3.5 02/28/2031 FIX USD Government | 1.17% | 97.77 | 0.03% |
| HAMPTON RDS TRANSN ACCOUNTABILITY COMMN VA HAMPTON RDS TRANSN FD REV VA 5.000 07/01/2045 | 0.62% | 105.24 | -0.01% |
| GREATER FALL RIVER MASS VOCATIONAL SCH DIST MA 5.000 06/01/2055 | 0.60% | 102.18 | 0.00% |
| SOUTHEAST ENERGY AUTH COOP DIST ALA ENERGY SUPPLY REV AL 5.000 10/01/2030 | 0.52% | 106.61 | 0.01% |
| COOK CNTY ILL CMNTY COLLEGE DIST NO 508 IL 5.500 12/01/2051 | 0.50% | 106.35 | -0.00% |
| PORT ARTHUR TEX HSG AUTH RESIDENTAL DEV REV TX 3.900 04/01/2036 | 0.48% | 101.46 | 0.08% |
| ROSEMOUNT MINN INDPT SCH DIST NO 196 MN 4.000 02/01/2042 | 0.47% | 99.32 | 0.01% |
| KENTUCKY INC KY PUB ENERGY AUTH GAS SUPPLY REV KY 5.250 06/01/2055 | 0.47% | 105.86 | -0.01% |
| NEW YORK N Y CITY MUN WTR FIN AUTH WTR & SWR SYS REV NY 3.400 06/15/2044 | 0.42% | 100.00 | 0.00% |
| PUBLIC FIN AUTH WIS REV WI 4.000 01/01/2055 | 0.41% | 98.21 | 0.00% |
Fees & Availability
| Fees | |
| Actual 12B-1 Fee | -- |
| Actual Management Fee | 0.25% |
| Administration Fee | 232.3K% |
| Maximum Front Load | -- |
| Maximum Deferred Load | -- |
| Maximum Redemption Fee | -- |
| General Availability | |
| Available for Insurance Product | No |
| Available for RRSP | No |
| Purchase Details | |
| Open to New Investors |
|
| Minimum Initial Investment | 10000.00 None |
| Minimum Subsequent Investment | 0.00 None |
Basic Info
| Investment Strategy | |
| The Fund seeks a high level of current income that is exempt from federal income tax and is consistent with the preservation of capital. The Fund invests at least 80% of its net assets in municipal bonds and debentures, the income from which is exempt from federal income tax, including the federal alternative minimum tax. |
| General | |
| Security Type | Mutual Fund |
| Equity Style | -- |
| Broad Asset Class | Municipal Bond |
| Broad Category | Fixed Income |
| Global Peer Group | Bond USD Municipal |
| Peer Group | General & Insured Municipal Debt Funds |
| Global Macro | Bond HC |
| US Macro | National Municipal Debt Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | General & Insured Municipal Debt Funds |
| Fund Owner Firm Name | Baird |
| Broad Asset Class Benchmark Index | |
| ^BBMBTR | 100.0% |
Fundamentals
| General | |
| Distribution Yield | -- |
| Dividend Yield TTM (4-30-26) | 3.71% |
| 30-Day SEC Yield (3-31-26) | 3.73% |
| 7-Day SEC Yield | -- |
| Number of Holdings | 905 |
| Bond | |
| Yield to Maturity (3-31-26) | 4.10% |
| Effective Duration | 6.76 |
| Average Coupon | 4.82% |
| Calculated Average Quality | 2.471 |
| Effective Maturity | 14.73 |
| Nominal Maturity | 16.66 |
| Number of Bond Holdings | 870 |
As of March 31, 2026
Fund Details
| Key Dates | |
| Inception Date | 11/15/2019 |
| Last Annual Report Date | 12/31/2025 |
| Last Prospectus Date | 5/1/2025 |
| Share Classes | |
| BMQSX | Inv |
| Attributes | |
| Index Fund | -- |
| Inverse Fund | No |
| Leveraged Fund | -- |
| Fund of Funds | No |
| Currency Hedged Fund | -- |
| Socially Responsible Fund | No |
Top Portfolio Holders
| Name | % Weight |
|---|---|
| Portfolio A | 5.00% |
| Portfolio B | 3.50% |
| Portfolio C | 2.25% |
Excel Add-In Codes
| Name: =YCI("M:BMQIX", "name") |
| Broad Asset Class: =YCI("M:BMQIX", "broad_asset_class") |
| Broad Category: =YCI("M:BMQIX", "broad_category_group") |
| Prospectus Objective: =YCI("M:BMQIX", "prospectus_objective") |
| To find the codes for any of our securities and financial metrics, see our Complete Excel Reference. |