Baird Strategic Municipal Bond Fund (BSNSX)
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 principally in investment grade municipal obligations, rated at the time of purchase by at least one major rating agency, but may invest up to 30% of its net assets in non-investment grade municipal obligations (sometimes referred to as "high yield" or "junk" bonds).
Fund Info
| ISIN | US0570715245 |
|---|---|
| CUSIP | 057071524 |
| Issuer | Baird |
| Inception Date | Nov 14, 2019 |
| Category | Municipal Bonds |
| Min. Investment | $2,500 |
| Asset Class | Bond |
Expense Ratio
BSNSX features an expense ratio of 0.55%, falling within the medium range.
Share Price Chart
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Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Popular comparisons: BSNSX vs. TXRIX, BSNSX vs. JMUB, BSNSX vs. BMQSX, BSNSX vs. FLTMX, BSNSX vs. VWIUX, BSNSX vs. FTABX, BSNSX vs. MUNI, BSNSX vs. FJTDX, BSNSX vs. FITFX, BSNSX vs. VTEB
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Baird Strategic 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 Strategic Municipal Bond Fund had a return of 2.76% year-to-date (YTD) and 7.31% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 2.76% | 25.45% |
| 1 month | -0.30% | 2.91% |
| 6 months | 2.36% | 14.05% |
| 1 year | 7.31% | 35.64% |
| 5 years (annualized) | N/A | 14.13% |
| 10 years (annualized) | N/A | 11.39% |
Monthly Returns
The table below presents the monthly returns of BSNSX, 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 | 0.03% | 0.19% | 0.10% | -0.61% | -0.11% | 1.27% | 0.86% | 0.94% | 0.76% | -0.97% | 2.76% | ||
| 2023 | 2.49% | -1.61% | 1.65% | 0.05% | -0.55% | 0.75% | 0.27% | -0.53% | -1.84% | -0.64% | 4.51% | 1.98% | 6.52% |
| 2022 | -1.53% | -0.28% | -2.38% | -2.22% | 1.15% | -1.25% | 2.14% | -1.81% | -3.03% | -0.61% | 4.07% | 0.25% | -5.58% |
| 2021 | 0.54% | -0.28% | 0.34% | 0.44% | 0.16% | 0.34% | 0.35% | -0.03% | -0.31% | -0.11% | 0.44% | -0.38% | 1.50% |
| 2020 | 1.38% | 1.30% | -1.61% | -0.52% | 2.74% | 1.30% | 1.29% | 0.16% | 0.20% | 0.09% | 0.96% | -0.02% | 7.45% |
| 2019 | 0.21% | 0.64% | 0.85% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of BSNSX is 82, placing it in the top 18% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Baird Strategic Municipal Bond Fund (BSNSX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Baird Strategic Municipal Bond Fund provided a 3.28% dividend yield over the last twelve months, with an annual payout of $0.34 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|
| Dividend | $0.34 | $0.31 | $0.18 | $0.09 | $0.15 | $0.02 |
Dividend yield | 3.28% | 2.98% | 1.80% | 0.84% | 1.36% | 0.15% |
Monthly Dividends
The table displays the monthly dividend distributions for Baird Strategic 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 | $0.28 | |
| 2023 | $0.02 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.31 |
| 2022 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.18 |
| 2021 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.09 |
| 2020 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.01 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.15 |
| 2019 | $0.00 | $0.01 | $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 Strategic 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 Strategic Municipal Bond Fund was 10.21%, occurring on Oct 25, 2022. Recovery took 295 trading sessions.
The current Baird Strategic Municipal Bond Fund drawdown is 0.87%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -10.21% | Aug 10, 2021 | 306 | Oct 25, 2022 | 295 | Dec 28, 2023 | 601 |
| -8.23% | Mar 3, 2020 | 14 | Mar 20, 2020 | 44 | May 22, 2020 | 58 |
| -1.55% | Oct 4, 2024 | 24 | Nov 6, 2024 | — | — | — |
| -1.1% | Mar 14, 2024 | 53 | May 29, 2024 | 10 | Jun 12, 2024 | 63 |
| -0.68% | Jan 9, 2024 | 8 | Jan 19, 2024 | 9 | Feb 1, 2024 | 17 |
Volatility
Volatility Chart
The current Baird Strategic Municipal Bond Fund volatility is 1.08%, 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.