Baird Quality Intermediate Municipal Bond Fund (BMBSX)
The investment seeks current income that is substantially exempt from federal income tax; total return with relatively low volatility of principal is a secondary objective. The fund normally invests at least 80% of its net assets in municipal bonds and debentures, the interest from which is exempt from federal income tax. It invests in a broadly diversified portfolio of municipal obligations issued by governmental authorities throughout the U.S. and its territories. The fund may invest in all types of municipal obligations, including pre-refunded bonds, general obligation bonds, revenue bonds, municipal lease participations and tax-exempt commercial paper.
Fund Info
| ISIN | US0570715088 |
|---|---|
| CUSIP | 057071508 |
| Issuer | Baird |
| Inception Date | Mar 29, 2001 |
| Category | Municipal Bonds |
| Min. Investment | $2,500 |
| Asset Class | Bond |
Expense Ratio
The Baird Quality Intermediate Municipal Bond Fund has a high expense ratio of 0.55%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Baird Quality Intermediate Municipal Bond Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Baird Quality Intermediate Municipal Bond Fund had a return of -0.98% year-to-date (YTD) and 1.48% in the last 12 months. Over the past 10 years, Baird Quality Intermediate Municipal Bond Fund had an annualized return of 1.19%, while the S&P 500 had an annualized return of 10.55%, indicating that Baird Quality Intermediate Municipal Bond Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | -0.98% | 6.30% |
| 1 month | -1.06% | -3.13% |
| 6 months | 4.58% | 19.37% |
| 1 year | 1.48% | 22.56% |
| 5 years (annualized) | 0.61% | 11.65% |
| 10 years (annualized) | 1.19% | 10.55% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.18% | -0.05% | -0.04% | |||||||||
| 2023 | -1.79% | -0.51% | 3.90% | 1.74% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
Baird Quality Intermediate Municipal Bond Fund(BMBSX)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Baird Quality Intermediate Municipal Bond Fund (BMBSX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Baird Quality Intermediate Municipal Bond Fund granted a 2.17% dividend yield in the last twelve months. The annual payout for that period amounted to $0.24 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.24 | $0.25 | $0.19 | $0.18 | $0.21 | $0.12 | $0.24 | $0.24 | $0.23 | $0.25 | $0.27 | $0.29 |
Dividend yield | 2.17% | 2.21% | 1.70% | 1.49% | 1.67% | 0.98% | 2.09% | 2.00% | 1.97% | 2.12% | 2.25% | 2.43% |
Monthly Dividends
The table displays the monthly dividend distributions for Baird Quality Intermediate Municipal Bond Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.02 | $0.02 | $0.03 | |||||||||
| 2023 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 |
| 2022 | $0.01 | $0.02 | $0.01 | $0.01 | $0.02 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 |
| 2021 | $0.01 | $0.02 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 |
| 2020 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 |
| 2019 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2018 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 |
| 2017 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 |
| 2016 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 |
| 2015 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 |
| 2014 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 |
| 2013 | $0.02 | $0.02 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.03 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Baird Quality Intermediate Municipal Bond Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Baird Quality Intermediate Municipal Bond Fund was 9.57%, occurring on Oct 25, 2022. The portfolio has not yet recovered.
The current Baird Quality Intermediate Municipal Bond Fund drawdown is 3.73%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -9.57% | Aug 6, 2021 | 308 | Oct 25, 2022 | — | — | — |
| -9.22% | Mar 10, 2020 | 9 | Mar 20, 2020 | 77 | Jul 10, 2020 | 86 |
| -6.22% | Mar 11, 2004 | 45 | May 13, 2004 | 181 | Feb 1, 2005 | 226 |
| -5.68% | Jun 16, 2003 | 35 | Aug 5, 2003 | 109 | Jan 9, 2004 | 144 |
| -5.66% | Sep 16, 2008 | 23 | Oct 16, 2008 | 44 | Dec 18, 2008 | 67 |
Volatility
Volatility Chart
The current Baird Quality Intermediate Municipal Bond Fund volatility is 0.60%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.