BSGSX Fees and Costs — Baird Small/Mid Cap Growth Fund, Investor Class
Data updated: 2026-08-14
The net expense ratio is 1.10%: a 0.75% management fee, a 0.25% 12b-1 fee plus 0.18% other expenses, less a 0.08% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $83K in broker commissions, 0.0555% of average net assets, and portfolio turnover was 58%.
BSGSX Fees and Expenses
Annual operating expenses and sales charges of BSGSX. Prospectus, as of May 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.18% |
| Gross expense ratio | 1.18% |
| Fee waiver | −0.08% |
| Net expense ratio | 1.10% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
BSGSX Costs Over Time
On $10,000 invested in BSGSX, assuming 5% a year before costs, total costs come to $721 over 5 years, cutting the return by 1.21% 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 1.10%) | $116 | $360 | $623 |
| Trading costs (broker commissions) | $6 | $18 | $31 |
| Lost growth on money paid in costs | $0 | $19 | $66 |
| Total costs | $121 | $397 | $721 |
| Value after costs | $10,379 | $11,180 | $12,042 |
| Impact on return, per year | 1.21% | 1.21% | 1.21% |
BSGSX 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): 0.0555%
- Total broker commissions: $83K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 58%
- Securities lending: none during the year
BSGSX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| WILLIAM BLAIR & COMPANY L.L.C. | $17K | 22.47% |
| PERSHING LLC | $13K | 16.57% |
| STIFEL NICOLAUS & COMPANY INCORPORATED | $12K | 15.04% |
| JEFFERIES LLC | $7K | 9.30% |
| BARCLAYS CAPITAL INC. | $7K | 8.83% |
| RAYMOND JAMES & ASSOCIATES INC. | $7K | 8.69% |
| NATIONAL FINANCIAL SERVICES LLC | $5K | 6.67% |
| J.P. MORGAN SECURITIES LLC | $3K | 4.36% |
| BNY MELLON CAPITAL MARKETS LLC | $3K | 4.13% |
| RBC CAPITAL MARKETS LLC | $3K | 3.95% |
Baird Small/Mid Cap Growth Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| BSGIX | Institutional Class | 0.85% | — |
| BSGSX | Investor Class | 1.10% | — |
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.