Baird Strategic Municipal Bond Instl (BSNIX)
| Fund Assets | 2.43B |
| Expense Ratio | 0.30% |
| Min. Investment | $25,000 |
| Turnover | 34.00% |
| Dividend (ttm) | 0.37 |
| Dividend Yield | 3.54% |
| Dividend Growth | 2.76% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | n/a |
| Previous Close | 10.37 |
| YTD Return | 2.71% |
| 1-Year Return | 2.43% |
| 5-Year Return | 11.48% |
| 52-Week Low | 10.00 |
| 52-Week High | 10.42 |
| Beta (5Y) | n/a |
| Holdings | 1569 |
| Inception Date | Nov 15, 2019 |
About BSNIX
The Baird Strategic Municipal Bond Fund Institutional Class is an open-end mutual fund specializing in investment grade municipal bonds. Its primary objective is to generate a high level of current income exempt from federal income tax while preserving capital. The fund primarily holds municipal securities issued by state and local governments across the United States, supporting public works and infrastructure projects. Notable features include a relatively low expense ratio, monthly income distributions, and a diversified portfolio typically composed of over a thousand securities across various sectors such as education, utilities, housing, and transportation. The fund targets an intermediate duration profile, offering moderate interest rate sensitivity, with effective duration near 4 years. Its approach emphasizes credit quality—mainly focusing on securities rated investment grade—while maintaining flexibility to allocate a portion to non-investment grade municipals when warranted. In the broader financial market, this fund serves institutional investors seeking tax-efficient income and diversification from equities and taxable bonds, positioning itself as a strategic option for managing interest rate risk and credit exposure within municipal finance.
Performance
BSNIX had a total return of 2.43% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.15%.
Other Share Classes
These are alternative share classes of the same fund, from the same provider.
| Symbol | Share Class | Expense Ratio |
|---|---|---|
| BSNSX | Investor | 0.55% |
Top 10 Holdings
5.38% of assets| Name | Symbol | Weight |
|---|---|---|
| Federated Hermes Institutional Tax-Free Cash Trust | FTFXX | 1.59% |
| MOBILE ALA 5% | AL.MOB 5 02.15.2040 | 0.56% |
| HARRIS CNTY TEX CULTURAL ED FACS FIN CORP MED FACS REV 5% | TX.HARMED 11.15.2054 | 0.44% |
| CASS CNTY N D JT WTR RES DIST 3.45% | ND.CASWTR 3.45 04.01.2027 | 0.44% |
| NEW YORK TRANSN DEV CORP SPL FAC REV 6% | NY.NYTTRN 6 06.30.2050 | 0.44% |
| BATTERY PK CITY AUTH N Y REV 5% | NY.BTYGEN 5 11.01.2044 | 0.41% |
| FORT BEND TEX INDPT SCH DIST 4% | TX.FORSCD 08.01.2054 | 0.40% |
| MIAMI-DADE CNTY FLA AVIATION REV 5% | FL.MIATRN 5 10.01.2032 | 0.38% |
| OKLAHOMA TRANSN AUTH OK F/K/A OKLAHOMA ST TPK AUTH 5.5% | OK.OKSTRN 5.5 01.01.2053 | 0.36% |
| PORT PORT ARTHUR TEX NAV DIST ENVIRONMENTAL FACS REV 2.75% | TX.PPATRN 11.01.2040 | 0.35% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Aug 26, 2025 | $0.03065 | Aug 27, 2025 |
| Jul 28, 2025 | $0.03303 | Jul 29, 2025 |
| Jun 24, 2025 | $0.03099 | Jun 25, 2025 |
| May 27, 2025 | $0.02969 | May 28, 2025 |
| Apr 25, 2025 | $0.02791 | Apr 28, 2025 |
| Mar 27, 2025 | $0.03111 | Mar 28, 2025 |