Baird Municipal Bond Fund Investor BMQSX

Medalist Rating as of Sep 30, 2026 See Baird Investment Hub

NAV / 1-Day Return$9.84 / 0.00
Fund Size$1.3B
Adjusted Expense Ratio0.550%
Net Expense Ratio0.550%
Fee Level: DistributionAverage
Share Class TypeNo Load
Morningstar CategoryMuni National Long
Fixed-Income Style Box (Funds)Medium/Extensive
Minimum Initial Investment$2,500
Investment StatusOpen
TTM Yield3.60%
Average Effective Duration7.16 yrs

NAV and 1-Day Return as of Nov 11, 2026, 11:25:15 PM

Will BMQSX outperform in the future?

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Process Pillar
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable BMQSX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the BMQSX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of BMQSX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Morningstar Automated Analysis

Summary

Baird Municipal Bond Investor holds a quantitatively derived Gold Morningstar Medalist Rating. The rating reflects that it has scored particularly well on factors Morningstar research associates with future outperformance relative to category peers.

by Morningstar Automated Analysis

Rated on Sep 30, 2026 Published on Oct 27, 2026

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Portfolio Holdings BMQSX

More BMQSX Holdings

Current Portfolio DateOct 31, 2026
Equity Holdings—
Bond Holdings—
Other Holdings—
% Assets in Top 10 Holdings4.3

Top 10 Holdings	% Portfolio Weight	Market Value USD	Sector
Federated Hermes Instl T-F Cash Premier	0.77	9M	Cash and Equivalents
COOK CNTY ILL CMNTY COLLEGE DIST NO 508 5.5%	0.49	6M	municipal
UTICA MICH CMNTY SCHS 5%	0.49	6M	municipal
Alabama Toll Road Bridge And Tunnel Authority	0.44	5M	municipal
RHODE IS HEALTH & EDL BLDG CORP PUB SCHS REV 5.5%	0.43	5M	municipal
CALIFORNIA MUN FIN AUTH REV 5.5%	0.43	5M	municipal
HAMPTON RDS TRANSN ACCOUNTABILITY COMMN VA HAMPTON RDS TRANSN FD REV 5%	0.42	5M	municipal
NEW YORK ST DORM AUTH ST PERS INCOME TAX REV 5%	0.41	5M	municipal
GREATER FALL RIVER MASS VOCATIONAL SCH DIST 5%	0.41	5M	municipal
Kentucky Public Energy Authority	0.40	5M	municipal

Baird Municipal Bond Fund Investor BMQSX

Morningstar’s Analysis BMQSX

Will BMQSX outperform in the future?

Process Pillar

People Pillar

Parent Pillar

Summary

Portfolio Holdings BMQSX

Federated Hermes Instl T-F Cash Premier

COOK CNTY ILL CMNTY COLLEGE DIST NO 508 5.5%

UTICA MICH CMNTY SCHS 5%

Alabama Toll Road Bridge And Tunnel Authority

RHODE IS HEALTH & EDL BLDG CORP PUB SCHS REV 5.5%

CALIFORNIA MUN FIN AUTH REV 5.5%

HAMPTON RDS TRANSN ACCOUNTABILITY COMMN VA HAMPTON RDS TRANSN FD REV 5%

NEW YORK ST DORM AUTH ST PERS INCOME TAX REV 5%

GREATER FALL RIVER MASS VOCATIONAL SCH DIST 5%

Kentucky Public Energy Authority

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