Baird Municipal Bond Fund (BMQSX)
The fund normally invests at least 80% of its net assets in municipal bonds and debentures, the income from which is exempt from federal income tax (including the federal alternative minimum tax (AMT)). It invests in a broadly diversified portfolio of federally tax-exempt municipal obligations issued by governmental authorities throughout the U.S. and its territories.
Fund Info
| ISIN | US0570714909 |
|---|---|
| Issuer | Baird |
| Inception Date | Nov 14, 2019 |
| Category | Municipal Bonds |
| Min. Investment | $2,500 |
| Asset Class | Bond |
Expense Ratio
BMQSX features an expense ratio of 0.55%, falling within the medium range.
Share Price Chart
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Popular comparisons: BMQSX vs. BSNSX
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Baird 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 Municipal Bond Fund had a return of 2.70% year-to-date (YTD) and 7.66% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 2.70% | 25.48% |
| 1 month | -0.30% | 2.14% |
| 6 months | 2.17% | 12.76% |
| 1 year | 7.66% | 33.14% |
| 5 years (annualized) | N/A | 13.96% |
| 10 years (annualized) | N/A | 11.39% |
Monthly Returns
The table below presents the monthly returns of BMQSX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.04% | 0.20% | 0.11% | -0.94% | -0.21% | 1.63% | 0.90% | 0.88% | 1.08% | -1.39% | 2.70% | ||
| 2023 | 2.89% | -2.06% | 1.79% | 0.06% | -0.74% | 0.97% | 0.29% | -0.96% | -2.61% | -1.17% | 5.83% | 2.47% | 6.65% |
| 2022 | -2.31% | -0.40% | -2.84% | -2.72% | 1.50% | -1.85% | 2.76% | -2.20% | -4.09% | -0.84% | 5.22% | 0.08% | -7.78% |
| 2021 | 0.77% | -1.23% | 0.69% | 0.98% | 0.50% | 0.49% | 0.78% | -0.16% | -0.71% | -0.05% | 0.87% | -0.59% | 2.34% |
| 2020 | 1.97% | 1.59% | -1.90% | -1.29% | 3.07% | 1.45% | 1.87% | -0.35% | 0.18% | 0.15% | 1.48% | -0.89% | 7.44% |
| 2019 | 0.41% | 0.75% | 1.16% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of BMQSX is 70, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Baird Municipal Bond Fund (BMQSX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Baird Municipal Bond Fund provided a 3.48% dividend yield over the last twelve months, with an annual payout of $0.35 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|
| Dividend | $0.35 | $0.32 | $0.22 | $0.17 | $0.19 | $0.02 |
Dividend yield | 3.48% | 3.20% | 2.31% | 1.56% | 1.74% | 0.16% |
Monthly Dividends
The table displays the monthly dividend distributions for Baird 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 | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.29 | |
| 2023 | $0.02 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.32 |
| 2022 | $0.01 | $0.02 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.22 |
| 2021 | $0.01 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.01 | $0.02 | $0.17 |
| 2020 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.02 | $0.02 | $0.02 | $0.01 | $0.19 |
| 2019 | $0.00 | $0.02 | $0.02 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Baird 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 Municipal Bond Fund was 13.36%, occurring on Oct 25, 2022. Recovery took 444 trading sessions.
The current Baird Municipal Bond Fund drawdown is 1.28%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -13.36% | Aug 6, 2021 | 308 | Oct 25, 2022 | 444 | Aug 2, 2024 | 752 |
| -10.39% | Mar 10, 2020 | 9 | Mar 20, 2020 | 57 | Jun 11, 2020 | 66 |
| -2.27% | Oct 2, 2024 | 26 | Nov 6, 2024 | — | — | — |
| -2.18% | Dec 17, 2020 | 47 | Feb 25, 2021 | 65 | May 28, 2021 | 112 |
| -0.91% | Aug 11, 2020 | 41 | Oct 7, 2020 | 27 | Nov 13, 2020 | 68 |
Volatility
Volatility Chart
The current Baird Municipal Bond Fund volatility is 1.57%, 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.