Baird Municipal Bond Fund Institutional (BMQIX)
10.11
+0.01
(+0.10%)
USD |
Feb 09 2026
Returns Chart
Key Stats
| Net Expense Ratio | Total Assets Under Management | Weighted Average Dividend Yield | Turnover Ratio (Generic) |
|---|---|---|---|
| 0.30% | 747.30M | -- | 47.00% |
| 1 Year Fund Level Flows | 1 Year Total Returns (Daily) | Annualized Total Returns Since Inception (Daily) | Max Drawdown (Since Inception) |
| 414.67M | 5.36% |
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:
23
-159.40M
Peer Group Low
923.37M
Peer Group High
1 Year
% Rank:
12
414.67M
-1.644B
Peer Group Low
7.068B
Peer Group High
3 Months
% Rank:
22
-403.39M
Peer Group Low
2.200B
Peer Group High
3 Years
% Rank:
19
-4.836B
Peer Group Low
18.43B
Peer Group High
6 Months
% Rank:
18
-421.93M
Peer Group Low
4.449B
Peer Group High
5 Years
% Rank:
20
-7.701B
Peer Group Low
35.03B
Peer Group High
YTD
% Rank:
23
-159.40M
Peer Group Low
923.37M
Peer Group High
10 Years
% Rank:
29
-7.217B
Peer Group Low
46.18B
Peer Group High
Date Unavailable
Risk
Performance Versus Peer Group
Annual Total Returns Versus Peers
As of February 09, 2026.
Asset Allocation
As of November 30, 2025.
| Type | % Net |
|---|---|
| Cash | -0.00% |
| Stock | 0.00% |
| Bond | 100.5% |
| Convertible | 0.00% |
| Preferred | 0.00% |
| Other | -0.53% |
Top 10 Holdings
| Name | % Weight | Price | % Change |
|---|---|---|---|
| Federated Hermes Inst Tax-Free Csh Tr Prmr | 2.14% | 1.00 | 0.00% |
| Federated Hermes Inst Tax-Free Csh Tr Prmr | 2.14% | 1.00 | 0.00% |
| Federated Hermes Inst Tax-Free Csh Tr Prmr | 2.14% | 1.00 | 0.00% |
| Federated Hermes Inst Tax-Free Csh Tr Prmr | 2.14% | 1.00 | 0.00% |
| GREATER FALL RIVER MASS VOCATIONAL SCH DIST MA 5.000 06/01/2055 | 0.75% | -- | -- |
| GREATER FALL RIVER MASS VOCATIONAL SCH DIST MA 5.000 06/01/2055 | 0.75% | -- | -- |
| GREATER FALL RIVER MASS VOCATIONAL SCH DIST MA 5.000 06/01/2055 | 0.75% | -- | -- |
| GREATER FALL RIVER MASS VOCATIONAL SCH DIST MA 5.000 06/01/2055 | 0.75% | -- | -- |
| SOUTHEAST ENERGY AUTH COOP DIST ALA ENERGY SUPPLY REV AL 5.000 10/01/2030 | 0.64% | -- | -- |
| SOUTHEAST ENERGY AUTH COOP DIST ALA ENERGY SUPPLY REV AL 5.000 10/01/2030 | 0.64% | -- | -- |
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 (2-6-26) | 3.65% |
| 30-Day SEC Yield (1-31-26) | 3.57% |
| 7-Day SEC Yield | -- |
| Number of Holdings | 3192 |
| Bond | |
| Yield to Maturity (11-30-25) | 4.00% |
| Effective Duration | 6.76 |
| Average Coupon | 4.85% |
| Calculated Average Quality | 2.460 |
| Effective Maturity | 15.36 |
| Nominal Maturity | 17.19 |
| Number of Bond Holdings | 3180 |
As of November 30, 2025
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. |