This fund typically allocates a minimum of 80% of its total assets to municipal bonds and other debt instruments, which generate income that is exempt from federal income tax, including the federal Alternative Minimum Tax (AMT). The portfolio's primary focus is on municipal debt securities that hold an investment-grade rating from at least one major credit agency at the time of purchase. Nonetheless, the fund retains the flexibility to dedicate up to 30% of its net assets to municipal obligations considered below investment grade, often referred to as "high yield" or "junk" bonds.
What is the expense ratio of BSNSX?
Baird Strategic Municipal Bond Fund Investor Class (BSNSX) charges an expense ratio of 0.55%. This is the annual fee deducted from fund assets to cover management and operations.
What is BSNSX's dividend yield?
BSNSX's trailing-twelve-month yield is 3.36%, calculated from the sum of dividends over the past year divided by the current price.
What is the duration of BSNSX?
Effective duration measures BSNSX's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. BSNSX's current duration is published on the fund's factsheet on the issuer's website.
What is the credit quality of BSNSX?
BSNSX's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.
What is the yield to maturity of BSNSX?
Yield to maturity (YTM) is the total return you'd earn from BSNSX if every bond in the portfolio is held to maturity at the current price. BSNSX's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.
This fund typically allocates a minimum of 80% of its total assets to municipal bonds and other debt instruments, which generate income that is exempt from federal income tax, including the federal Alternative Minimum Tax (AMT). The portfolio's primary focus is on municipal debt securities that hold an investment-grade rating from at least one major credit agency at the time of purchase. Nonetheless, the fund retains the flexibility to dedicate up to 30% of its net assets to municipal obligations considered below investment grade, often referred to as "high yield" or "junk" bonds.
Cost Verdict
Is BSNSX's expense ratio expensive, average, or a steal for its category?
Pro reveals the verdict on a 5-tier spectrum calibrated against ICI 2025 industry averages, with strategy-aware bands so the comparison is meaningful.
