Baird Strategic Municipal Bond Fund Institutional (BSNIX)
10.50
-0.02
(-0.19%)
USD |
Mar 02 2026
Returns Chart
Key Stats
| Net Expense Ratio | Total Assets Under Management | Weighted Average Dividend Yield | Turnover Ratio (Generic) |
|---|---|---|---|
| 0.30% | 3.381B | -- | 34.00% |
| 1 Year Fund Level Flows | 1 Year Total Returns (Daily) | Annualized Total Returns Since Inception (Daily) | Max Drawdown (Since Inception) |
| 1.495B | 5.33% |
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 in investment grade municipal obligations, rated at time of purchase by at least one major rating agency, but may invest in non-investment grade municipal obligations. |
| General | |
| Security Type | Mutual Fund |
| Equity Style | -- |
| Broad Asset Class | Municipal Bond |
| Broad Category | Fixed Income |
| Global Peer Group | Bond USD Municipal Medium Term |
| Peer Group | Short-Intmdt Municipal Debt Funds |
| Global Macro | -- |
| US Macro | National Municipal Debt Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | Short-Intmdt 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:
4
-42.01M
Peer Group Low
312.85M
Peer Group High
1 Year
% Rank:
4
1.495B
-410.01M
Peer Group Low
2.028B
Peer Group High
3 Months
% Rank:
5
-46.68M
Peer Group Low
824.95M
Peer Group High
3 Years
% Rank:
2
-2.499B
Peer Group Low
2.599B
Peer Group High
6 Months
% Rank:
4
-72.64M
Peer Group Low
1.481B
Peer Group High
5 Years
% Rank:
3
-3.779B
Peer Group Low
5.719B
Peer Group High
YTD
% Rank:
5
-44.44M
Peer Group Low
379.54M
Peer Group High
10 Years
% Rank:
5
-5.770B
Peer Group Low
8.917B
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 | 0.05% |
| Stock | 0.00% |
| Bond | 99.68% |
| Convertible | 0.00% |
| Preferred | 0.00% |
| Other | 0.28% |
Top 10 Holdings
| Name | % Weight | Price | % Change |
|---|---|---|---|
| Federated Hermes Inst Tax-Free Csh Tr Prmr | 4.16% | 1.00 | 0.00% |
| PUBLIC FIN AUTH WIS REV WI 4.000 01/01/2055 | 0.47% | -- | -- |
| TENNESSEE ENERGY ACQUISITION CORP GAS REV TN 5.000 11/01/2034 | 0.45% | 110.86 | 0.03% |
| NEW YORK N Y CITY TRANSITIONAL FIN AUTH REV NY 5.000 11/01/2036 | 0.43% | 107.04 | -0.13% |
| MOBILE ALA AL 5.000 02/15/2040 | 0.42% | -- | -- |
| SOUTHEAST ENERGY AUTH COOP DIST ALA ENERGY SUPPLY REV AL 5.000 10/01/2030 | 0.36% | -- | -- |
| MISSOURI ST HEALTH & EDL FACS AUTH HEALTH FACS REV MO 2.150 05/15/2038 | 0.34% | -- | -- |
| TENNESSEE ENERGY ACQUISITION CORP GAS REV TN 5.000 05/01/2053 | 0.33% | 104.16 | -0.07% |
| DISTRICT COLUMBIA INCOME TAX REV DC 5.500 07/01/2047 | 0.33% | 108.55 | -0.21% |
| HARRIS CNTY TEX CULTURAL ED FACS FIN CORP MED FACS REV TX 5.000 11/15/2054 | 0.32% | 110.05 | -0.21% |
Fees & Availability
| Fees | |
| Actual 12B-1 Fee | -- |
| Actual Management Fee | 0.25% |
| Administration Fee | 592.8K% |
| 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 in investment grade municipal obligations, rated at time of purchase by at least one major rating agency, but may invest in non-investment grade municipal obligations. |
| General | |
| Security Type | Mutual Fund |
| Equity Style | -- |
| Broad Asset Class | Municipal Bond |
| Broad Category | Fixed Income |
| Global Peer Group | Bond USD Municipal Medium Term |
| Peer Group | Short-Intmdt Municipal Debt Funds |
| Global Macro | -- |
| US Macro | National Municipal Debt Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | Short-Intmdt Municipal Debt Funds |
| Fund Owner Firm Name | Baird |
| Broad Asset Class Benchmark Index | |
| ^BBMBTR | 100.0% |
Fundamentals
| General | |
| Distribution Yield | -- |
| Dividend Yield TTM (2-27-26) | 3.49% |
| 30-Day SEC Yield (6-30-25) | 3.72% |
| 7-Day SEC Yield | -- |
| Number of Holdings | 10 |
| Bond | |
| Yield to Maturity (1-31-26) | 3.49% |
| Effective Duration | 4.95 |
| Average Coupon | 4.68% |
| Calculated Average Quality | 2.436 |
| Effective Maturity | 10.71 |
| Nominal Maturity | 13.45 |
| Number of Bond Holdings | 9 |
As of January 31, 2026
Fund Details
| Key Dates | |
| Inception Date | 11/15/2019 |
| Share Classes | |
| BSNSX | 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:BSNIX", "name") |
| Broad Asset Class: =YCI("M:BSNIX", "broad_asset_class") |
| Broad Category: =YCI("M:BSNIX", "broad_category_group") |
| Prospectus Objective: =YCI("M:BSNIX", "prospectus_objective") |
| To find the codes for any of our securities and financial metrics, see our Complete Excel Reference. |