BMVIX — Baird Small/Mid Cap Value Fund
Data updated: 2021-11-24
BMVIX — Baird Small/Mid Cap Value Fund. Developed ex-US Mid Cap Value Equity · $31.47M AUM · 0.85% expense ratio. Holdings, fees, performance and SEC filings.
BMVIX Fund Overview
BMVIX — Baird Small/Mid Cap Value Fund is a US mutual fund managed by Baird Funds INC, categorised as Developed ex-US Mid Cap Value Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Baird Funds INC
- Category: Developed ex-US Mid Cap Value Equity
- Assets under management: $31.47M
- 1-year return: 39.5%
- Ticker: BMVIX
- SEC CIK: 0001282693
- SEC series ID: S000051746
- Share class ID: C000162853
BMVIX Investment Objective and Strategy
Baird Small/Mid Cap Value Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Baird Funds INC.
Investment objective
The investment objective of the Baird Small/Mid Cap Value Fund (the Fund) is to provide long-term capital appreciation.
Principal investment strategy
The Fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in a diversified portfolio of common stocks of companies with small to medium market capitalizations. The Advisor defines such companies as those companies with market capitalizations within the range of companies in the Russell 2500 Value Index at the time of investment. Although the Fund invests principally in U.S. companies, the Fund may invest up to 15% of its total assets in equity securities (consisting of common stocks, ordinary shares and American Depositary Receipts (ADRs)) of foreign companies that are traded on U.S. exchanges. The Advisor seeks to identify industries and business models that it believes are priced at a discount to their true value because they are currently out of favor with the market or have earnings or profit potential that may be underestimated by Wall Street analysts.
The Advisor seeks to purchase securities of small to medium capitalization companies believed to have favorable valuation characteristics and opportunities for increased growth. The Fund may have significant investments in the financial services sector. The Advisor primarily considers the following factors: Valuation Low price/earnings, price/book and price/cash flow ratios. These characteristics are evaluated based upon a proprietary analysis of forecasted levels of profitability. Balance Sheet Strength Above average projected net margins, returns on equity, returns on assets, free cash flow generation, and revenue and earnings growth rates; trends in balance sheet items, including inventories and accounts receivable and payable, are also scrutinized. Product Offering/Market Position The company offers a valuable product or service and has a good market position within a viable industry.
Accounting Policies and Management The company possesses sound financial and accounting policies and has a high quality management team with a track record of success. The Advisor will typically sell a security held by the Fund when the investment thesis changes, the companys fundamentals deteriorate, the Advisor identifies portfolio structure or risk management needs and/or the securitys valuation relative to its peer group is no longer attractive.
BMVIX Performance
Total returns for BMVIX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 39.5% |
| 3 years (annualised) | 7.4% |
BMVIX Risk Information
Risk metrics for BMVIX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 16.3%
BMVIX Costs and Fees
BMVIX costs about $85 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.85%
- Gross expense ratio: 1.65%
- Portfolio turnover: 84%
- Brokerage commissions: 24.90 bps of average net assets (SEC N-CEN)
BMVIX Cashflows
Over the 12 months to 2021-09, Baird Small/Mid Cap Value Fund had net inflows of $18.29M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2021-09 | $498.16K |
| 2021-08 | $842.91K |
| 2021-07 | $569.99K |
| 2021-06 | $977.78K |
| 2021-05 | $1.33M |
| 2021-04 | $1.66M |
BMVIX Debt Constituents
No individual debt constituents are reported in Baird Small/Mid Cap Value Fund's latest SEC N-PORT filing.
BMVIX Prospectus and SEC Filings
Official Baird Small/Mid Cap Value Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2021-04-28
- Prospectus (485BPOS) — filed 2020-05-21
- Prospectus (485BPOS) — filed 2019-05-22
- Portfolio holdings (N-PORT) — filed 2021-11-24
- Portfolio holdings (N-PORT) — filed 2021-08-27
- Portfolio holdings (N-PORT) — filed 2021-05-28
- Annual census (N-CEN) — filed 2021-03-16
- Annual census (N-CEN) — filed 2020-03-13
Related Funds
Other Developed ex-US Mid Cap Value Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.