Baird Municipal Bond Fund Institutional (BMQIX)
10.17
+0.01
(+0.10%)
USD |
Feb 27 2026
Returns Chart
Key Stats
| Net Expense Ratio | Total Assets Under Management | Weighted Average Dividend Yield | Turnover Ratio (Generic) |
|---|---|---|---|
| 0.30% | 783.58M | -- | 47.00% |
| 1 Year Fund Level Flows | 1 Year Total Returns (Daily) | Annualized Total Returns Since Inception (Daily) | Max Drawdown (Since Inception) |
| 439.00M | 5.63% |
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:
16
-273.32M
Peer Group Low
756.38M
Peer Group High
1 Year
% Rank:
12
439.00M
-1.595B
Peer Group Low
6.901B
Peer Group High
3 Months
% Rank:
21
-669.73M
Peer Group Low
2.033B
Peer Group High
3 Years
% Rank:
19
-4.689B
Peer Group Low
18.27B
Peer Group High
6 Months
% Rank:
20
-674.05M
Peer Group Low
4.282B
Peer Group High
5 Years
% Rank:
20
-7.840B
Peer Group Low
34.86B
Peer Group High
YTD
% Rank:
20
-432.72M
Peer Group Low
852.12M
Peer Group High
10 Years
% Rank:
27
-7.217B
Peer Group Low
46.01B
Peer Group High
Date Unavailable
Risk
Performance Versus Peer Group
Annual Total Returns Versus Peers
As of March 02, 2026.
Asset Allocation
As of January 31, 2026.
| Type | % Net |
|---|---|
| Cash | 0.00% |
| Stock | 0.00% |
| Bond | 99.92% |
| Convertible | 0.00% |
| Preferred | 0.00% |
| Other | 0.08% |
Top 10 Holdings
| Name | % Weight | Price | % Change |
|---|---|---|---|
| Federated Hermes Inst Tax-Free Csh Tr Prmr | 1.77% | 1.00 | 0.00% |
| GREATER FALL RIVER MASS VOCATIONAL SCH DIST MA 5.000 06/01/2055 | 0.69% | -- | -- |
| SOUTHEAST ENERGY AUTH COOP DIST ALA ENERGY SUPPLY REV AL 5.000 10/01/2030 | 0.60% | -- | -- |
| ROSEMOUNT MINN INDPT SCH DIST NO 196 MN 4.000 02/01/2042 | 0.55% | -- | -- |
| KENTUCKY INC KY PUB ENERGY AUTH GAS SUPPLY REV KY 5.250 06/01/2055 | 0.53% | 108.10 | 0.04% |
| TENNESSEE ENERGY ACQUISITION CORP GAS REV TN 5.000 11/01/2034 | 0.48% | 110.83 | -0.01% |
| NEW YORK N Y CITY MUN WTR FIN AUTH WTR & SWR SYS REV NY 1.250 06/15/2044 | 0.48% | 100.00 | 0.00% |
| BEDFORD OHIO CITY SCH DIST OH 5.500 12/01/2044 | 0.47% | -- | -- |
| PUBLIC FIN AUTH WIS REV WI 4.000 01/01/2055 | 0.47% | -- | -- |
| COLORADO BRDG & TUNL ENTERPRISE INFRASTRUCTURE REV CO 5.250 12/01/2050 | 0.46% | 106.43 | 0.13% |
Fees & Availability
| Fees | |
| Actual 12B-1 Fee | -- |
| Actual Management Fee | 0.25% |
| Administration Fee | 115.4K% |
| 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 (2-26-26) | 3.60% |
| 30-Day SEC Yield (1-31-26) | 3.57% |
| 7-Day SEC Yield | -- |
| Number of Holdings | 10 |
| Bond | |
| Yield to Maturity (1-31-26) | 3.92% |
| Effective Duration | 6.76 |
| Average Coupon | 4.84% |
| Calculated Average Quality | 2.459 |
| Effective Maturity | 15.29 |
| Nominal Maturity | 17.09 |
| Number of Bond Holdings | 9 |
As of January 31, 2026
Fund Details
| Key Dates | |
| Inception Date | 11/15/2019 |
| Share Classes | |
| BMQSX | Inv |
| Attributes | |
| Inverse Fund | No |
| Leveraged Fund | -- |
| 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. |