Morningstar

Baird Strategic Municipal Bond Fund Institutional BSNIX

Morningstar Medalist Rating
Medalist Rating as of | See Baird Investment Hub
  • NAV / 1-Day Return 10.40  /  −0.10 %
  • Total Assets 3.7B
  • Adj. Expense Ratio
    0.300%
  • Expense Ratio 0.300%
  • Distribution Fee Level Low
  • Share Class Type Institutional
  • Category Muni National Interm
  • Credit Quality / Interest Rate Sensitivity Medium/Moderate
  • Min. Initial Investment 10,000
  • Status Open
  • TTM Yield 3.59%
  • Effective Duration 4.77 years

USD | NAV as of Jun 11, 2026 | 1-Day Return as of Jun 11, 2026, 1:02 AM GMT+0

Morningstar’s Analysis BSNIX

Will BSNIX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable BSNIX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the BSNIX 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 BSNIX’s parent organization’s priorities and whether they’re in line with investors’ interests.

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

Baird Strategic Municipal Bond Instl 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
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Portfolio Holdings BSNIX

More BSNIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 3.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Federated Hermes Instl T-F Cash Premier

4.00 144M
Cash and Equivalents

PUBLIC FIN AUTH WIS REV 4%

0.43 15M
municipal

CALIFORNIA MUN FIN AUTH REV 5%

0.42 15M
municipal

NEW YORK N Y CITY TRANSITIONAL FIN AUTH REV 5%

0.38 14M
municipal

MOBILE ALA 5%

0.37 13M
municipal

SOUTHEAST ENERGY AUTH COOP DIST ALA ENERGY SUPPLY REV 5%

0.33 12M
municipal

SOUTHEAST ENERGY AUTH COOP DIST ALA ENERGY SUPPLY REV 5%

0.32 12M
municipal

LOS ANGELES CALIF DEPT WTR & PWR REV 5%

0.32 12M
municipal

BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV 5%

0.32 12M
municipal

MET GOVT NASHVILLE & DAVIDSON CNTY TENN H & E FACS BRD REV 5%

0.31 11M
municipal

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