Baird Strategic Municipal Bond Fund Institutional (BSNIX)

NASDAQ · Mutual Fund · Delayed Price · Currency is USD

10.32

-0.01 (-0.10%)

At close: Aug 26, 2026

0.68% (1Y)

Fund Assets	3.77B
Expense Ratio	0.30%
Min. Investment	$25,000
Turnover	21.00%
Dividend (ttm)	0.37
Dividend Yield	3.61%
Dividend Growth	1.90%
Payout Frequency	Monthly
Ex-Dividend Date	Jul 28, 2026

Previous Close	10.33
YTD Return	0.81%
1-Year Return	3.83%
5-Year Return	10.56%
52-Week Low	10.22
52-Week High	10.54
Beta (5Y)	n/a
Holdings	2176
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.

Fund Family Baird

Category Muni National Interm

Performance Rating High

Risk Rating Below Average

Stock Exchange NASDAQ

Ticker Symbol BSNIX

Share Class Institutional

Index Bloomberg Municipal Bond 1-10 Y Blend TR

Performance

BSNIX had a total return of 3.83% 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%

Dividend History

Ex-Dividend	Amount	Pay Date
Jul 28, 2026	$0.03333	Jul 29, 2026
Jun 26, 2026	$0.02996	Jun 29, 2026
May 27, 2026	$0.03318	May 28, 2026
Apr 27, 2026	$0.0291	Apr 28, 2026
Mar 27, 2026	$0.03319	Mar 30, 2026
Feb 25, 2026	$0.03137	Feb 26, 2026

Full Dividend History