BAGIX Fees and Costs — Baird Aggregate Bond Fund, Institutional Class
Data updated: 2026-08-14
The net expense ratio is 0.30%: a 0.25% management fee plus 0.05% other expenses. There are no sales loads or redemption fees. Portfolio turnover was 34%.
BAGIX Fees and Expenses
Annual operating expenses and sales charges of BAGIX. Prospectus, as of May 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.25% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.05% |
| Gross expense ratio | 0.30% |
| Fee waiver | — |
| Net expense ratio | 0.30% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
BAGIX Costs Over Time
On $10,000 invested in BAGIX, assuming 5% a year before costs, total costs come to $190 over 5 years, cutting the return by 0.31% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.30%) | $32 | $99 | $173 |
| Lost growth on money paid in costs | $0 | $5 | $17 |
| Total costs | $32 | $104 | $190 |
| Value after costs | $10,468 | $11,472 | $12,573 |
| Impact on return, per year | 0.31% | 0.31% | 0.31% |
BAGIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $36.2B
- Portfolio turnover (prospectus): 34%
- Securities lending: none during the year
BAGIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $9.2B | 30.48% |
| CITIGROUP GLOBAL MARKETS INC. | $3.8B | 12.46% |
| NOMURA SECURITIES INTERNATIONAL INC. | $3.7B | 12.37% |
| MERRILL LYNCH PIERCE FENNER & SMITH INCORPORATED | $3.4B | 11.28% |
| CITADEL SECURITIES LLC | $2.8B | 9.40% |
| MORGAN STANLEY & CO. LLC | $2.7B | 9.07% |
| WELLS FARGO SECURITIES LLC | $1.2B | 4.13% |
| NATWEST MARKETS SECURITIES INC. | $1.2B | 4.01% |
| BNP PARIBAS SECURITIES CORP. | $1.0B | 3.44% |
| GOLDMAN SACHS & CO. LLC | $1.0B | 3.35% |
Baird Aggregate Bond Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| BAGIX | Institutional Class | 0.30% | — |
| BAGSX | Investor Class | 0.55% | — |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.