Baird Strategic Municipal Bond Fund Institutional (BSNIX)
10.33
+0.01
(+0.10%)
USD |
Aug 25 2026
Returns Chart
Key Stats
| Net Expense Ratio | Total Assets Under Management | Weighted Average Dividend Yield | Turnover Ratio (Generic) |
|---|---|---|---|
| 0.30% | 3.847B | -- | 21.00% |
| 1 Year Fund Level Flows | 1 Year Total Returns (Daily) | Annualized Total Returns Since Inception (Daily) | Max Drawdown (Since Inception) |
| 1.379B | 4.46% |
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:
6
-18.45M
Peer Group Low
216.07M
Peer Group High
1 Year
% Rank:
5
1.379B
-842.12M
Peer Group Low
2.930B
Peer Group High
3 Months
% Rank:
6
-704.12M
Peer Group Low
683.93M
Peer Group High
3 Years
% Rank:
2
-2.311B
Peer Group Low
2.903B
Peer Group High
6 Months
% Rank:
7
-769.76M
Peer Group Low
1.449B
Peer Group High
5 Years
% Rank:
4
-4.372B
Peer Group Low
4.937B
Peer Group High
YTD
% Rank:
6
-752.41M
Peer Group Low
1.762B
Peer Group High
10 Years
% Rank:
--
-6.144B
Peer Group Low
9.343B
Peer Group High
Date Unavailable
Risk
Performance Versus Peer Group
Annual Total Returns Versus Peers
As of August 26, 2026.
Asset Allocation
As of July 31, 2026.
| Type | % Net |
|---|---|
| Cash | -0.02% |
| Stock | 0.00% |
| Bond | 99.40% |
| Convertible | 0.00% |
| Preferred | 0.00% |
| Other | 0.62% |
Top 10 Holdings
| Name | % Weight | Price | % Change |
|---|---|---|---|
| United States of America USGB 4.0 05/31/2028 FIX USD Government | 1.89% | 99.71 | 0.09% |
| United States of America USGB 4.25 06/30/2033 FIX USD Government | 1.38% | 98.80 | 0.47% |
| United States of America USGB 4.125 06/30/2031 FIX USD Government | 1.05% | 99.11 | 0.32% |
|
OTHER ASSETS LESS LIABILITIES
|
0.62% | -- | -- |
| CALIFORNIA MUN FIN AUTH REV CA 5.000 06/30/2032 | 0.40% | 106.95 | -0.00% |
| PUBLIC FIN AUTH WIS REV WI 4.000 01/01/2055 | 0.38% | 95.78 | 0.00% |
| NEW YORK N Y CITY TRANSITIONAL FIN AUTH REV NY 5.000 11/01/2036 | 0.36% | 104.08 | -0.00% |
| MOBILE ALA AL 5.000 02/15/2040 | 0.34% | 108.41 | 0.14% |
| SOUTHEAST ENERGY AUTH COOP DIST ALA ENERGY SUPPLY REV AL 5.000 11/01/2035 | 0.31% | 102.48 | 0.00% |
| LOS ANGELES CALIF DEPT WTR & PWR REV CA 5.000 07/01/2042 | 0.31% | 100.28 | 0.00% |
Fees & Availability
| Fees | |
| Actual 12B-1 Fee | -- |
| Actual Management Fee | 0.25% |
| Administration Fee | 1.050M None |
| 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 |
Projected Income
| Type | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Qualified Income
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Normal
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Qualified
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
LT Cap Gains
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Ordinary Income
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Non-Qual
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
ST Cap Gains
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Interest
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Tax-Exempt
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
ROC
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Other
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Total
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
As of July 31, 2026.
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 (8-25-26) | 3.61% |
| 30-Day SEC Yield (6-30-25) | 3.72% |
| 7-Day SEC Yield | -- |
| Number of Holdings | 10 |
| Bond | |
| Yield to Maturity (7-31-26) | 3.98% |
| Effective Duration | 4.36 |
| Average Coupon | 4.73% |
| Calculated Average Quality | 2.444 |
| Effective Maturity | 9.755 |
| Nominal Maturity | 12.42 |
| Number of Bond Holdings | 9 |
As of July 31, 2026
Fund Details
| Key Dates | |
| Inception Date | 11/15/2019 |
| Last Annual Report Date | 12/31/2025 |
| Last Prospectus Date | 5/1/2026 |
| Share Classes | |
| BSNSX | 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: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. |