Baird Municipal Bond Fund Institutional (BMQIX)
| Fund Assets | 783.58M |
| Expense Ratio | 0.30% |
| Min. Investment | $25,000 |
| Turnover | 16.00% |
| Dividend (ttm) | 0.37 |
| Dividend Yield | 3.70% |
| Dividend Growth | -0.49% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Mar 27, 2026 |
| Previous Close | 9.96 |
| YTD Return | 0.10% |
| 1-Year Return | 4.50% |
| 5-Year Return | 9.69% |
| 52-Week Low | 9.54 |
| 52-Week High | 10.17 |
| Beta (5Y) | n/a |
| Holdings | 853 |
| Inception Date | Nov 15, 2019 |
About BMQIX
Baird Municipal Bond Fund Institutional Class is an actively managed municipal bond mutual fund. Its primary purpose is to deliver a high level of current income that is exempt from federal income tax while emphasizing preservation of capital. The fund follows a national strategy, allocating across diverse municipal sectors such as state and local general obligations, essential services, transportation, healthcare, sales tax issues, and other revenue-backed obligations. It targets an intermediate to long-term profile, investing across the 1–30 year portion of the municipal yield curve and employs yield-curve positioning and relative value analysis to capture pricing inefficiencies. The portfolio sits within the Muni National Long category and is benchmarked to the Bloomberg Municipal Bond Index. Management highlights credit research and sector diversification as core features, with risk considerations including interest-rate sensitivity and economic or political concentration when exposures cluster by state or project type. The share class carries an expense ratio around the lower end of its peer group and is designed for institutional investors seeking tax-exempt income within a disciplined, research-driven municipal framework.
Performance
BMQIX had a total return of 4.50% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.23%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
Other Share Classes
These are alternative share classes of the same fund, from the same provider.
| Symbol | Share Class | Expense Ratio |
|---|---|---|
| BMQSX | Investor | 0.55% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Mar 27, 2026 | $0.03233 | Mar 30, 2026 |
| Feb 25, 2026 | $0.03219 | Feb 26, 2026 |
| Jan 28, 2026 | $0.02828 | Jan 29, 2026 |
| Dec 29, 2025 | $0.03367 | Dec 30, 2025 |
| Nov 25, 2025 | $0.03147 | Nov 26, 2025 |
| Oct 27, 2025 | $0.03143 | Oct 28, 2025 |