BSNSX – Baird Strategic Municipal Bond Investor Investment Strategy | Morningstar

Morningstar

Strategy

The investment seeks a high level of current income that is exempt from federal income tax and is consistent with the preservation of capital. The fund normally invests at least 80% of its net assets in municipal bonds and debentures, the income from which is exempt from federal income tax (including the federal alternative minimum tax (AMT)). It invests principally in investment grade municipal obligations, rated at the time of purchase by at least one major rating agency, but may invest up to 30% of its net assets in non-investment grade municipal obligations (sometimes referred to as "high yield" or "junk" bonds).

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
BSNSX	Baird Strategic Municipal Bond Fund Investor	No Load	Open			Nov 15, 2019	$215.25M	0.550%	Average	$2,500	$40.15M
BSNIX	Baird Strategic Municipal Bond Fund Institutional	Institutional	Open			Nov 15, 2019	$3.64B	0.300%	Low	$10,000	$1.16B

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