BSVIX Fees and Costs — Baird Equity Opportunity Fund, Institutional Class
Data updated: 2026-08-14
The net expense ratio is 1.25%: a 1.25% management fee plus 0.37% other expenses, less a 0.37% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $84K in broker commissions, 0.1108% of average net assets, and portfolio turnover was 69%.
BSVIX Fees and Expenses
Annual operating expenses and sales charges of BSVIX. Prospectus, as of May 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 1.25% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.37% |
| Gross expense ratio | 1.62% |
| Fee waiver | −0.37% |
| Net expense ratio | 1.25% |
| 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 | No |
BSVIX Costs Over Time
On $10,000 invested in BSVIX, assuming 5% a year before costs, total costs come to $845 over 5 years, cutting the return by 1.43% 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 1.25%) | $131 | $408 | $705 |
| Trading costs (broker commissions) | $12 | $36 | $62 |
| Lost growth on money paid in costs | $0 | $22 | $78 |
| Total costs | $143 | $466 | $845 |
| Value after costs | $10,357 | $11,110 | $11,918 |
| Impact on return, per year | 1.43% | 1.43% | 1.43% |
BSVIX 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): 0.1108%
- Total broker commissions: $84K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 69%
- Securities lending: none during the year
BSVIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $28K | 32.90% |
| GOLDMAN SACHS & CO. LLC | $17K | 20.88% |
| PERSHING LLC | $13K | 15.90% |
| CITIGROUP GLOBAL MARKETS INC. | $12K | 14.94% |
| STIFEL NICOLAUS & COMPANY INCORPORATED | $4K | 4.35% |
| WELLS FARGO SECURITIES LLC | $2K | 2.77% |
| J.P. MORGAN SECURITIES LLC | $2K | 2.65% |
| WILLIAM BLAIR & COMPANY L.L.C. | $2K | 1.93% |
| CANTOR FITZGERALD & CO. | $2K | 1.88% |
| NATIONAL FINANCIAL SERVICES LLC | $2K | 1.81% |
Baird Equity Opportunity Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| BSVIX | Institutional Class | 1.25% | — |
| BSVSX | Investor Class | 1.50% | — |
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.