Baird Municipal Bond Fund Institutional (BMQIX)

NASDAQ · Mutual Fund · Delayed Price · Currency is USD

9.90

-0.01 (-0.10%)

At close: Aug 26, 2026

1.33% (1Y)

Fund Assets	979.36M
Expense Ratio	0.30%
Min. Investment	$25,000
Turnover	16.00%
Dividend (ttm)	0.38
Dividend Yield	3.80%
Dividend Growth	2.61%
Payout Frequency	Monthly
Ex-Dividend Date	Jul 28, 2026

Previous Close	9.91
YTD Return	0.46%
1-Year Return	4.66%
5-Year Return	7.23%
52-Week Low	9.75
52-Week High	10.17
Beta (5Y)	n/a
Holdings	1010
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.

Fund Family Baird

Category Muni National Long

Performance Rating High

Risk Rating Low

Stock Exchange NASDAQ

Ticker Symbol BMQIX

Share Class Institutional

Index Bloomberg Municipal Bond TR

Performance

BMQIX had a total return of 4.66% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.09%.

Equivalent Funds

These are funds that follow the same index from the other major fund companies.

Symbol	Provider	Name	Expense Ratio
VWLTX	Vanguard	Vanguard Long-Term Tax-Exempt Fund	0.17%
VWALX	Vanguard	Vanguard High-Yield Tax-Exempt Adm	0.09%
VWAHX	Vanguard	Vanguard High-Yield Tax-Exempt Fund	0.17%

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
Jul 28, 2026	$0.03382	Jul 29, 2026
Jun 26, 2026	$0.03036	Jun 29, 2026
May 27, 2026	$0.03353	May 28, 2026
Apr 27, 2026	$0.02923	Apr 28, 2026
Mar 27, 2026	$0.03233	Mar 30, 2026
Feb 25, 2026	$0.03219	Feb 26, 2026

Full Dividend History