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Baird Strategic Municipal Bond Fund (BSNSX)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Fund Info

ISIN

US0570715245

CUSIP

057071524

Issuer

Baird

Inception Date

Nov 14, 2019

Min. Investment

$2,500

Asset Class

Bond

Expense Ratio

BSNSX has an expense ratio of 0.55%, placing it in 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.


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.


20.00%40.00%60.00%80.00%100.00%December2025FebruaryMarchAprilMay
14.20%
81.38%
BSNSX (Baird Strategic Municipal Bond Fund)
Benchmark (^GSPC)

Returns By Period

Baird Strategic Municipal Bond Fund (BSNSX) returned 0.31% year-to-date (YTD) and 2.83% over the past 12 months.


BSNSX

YTD

0.31%

1M

1.96%

6M

0.47%

1Y

2.83%

5Y*

2.24%

10Y*

N/A

^GSPC (Benchmark)

YTD

-3.77%

1M

3.72%

6M

-5.60%

1Y

8.55%

5Y*

14.11%

10Y*

10.45%

*Annualized

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.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20250.44%0.90%-0.88%-0.23%0.10%0.31%
20240.03%0.18%0.10%-0.61%-0.11%1.27%0.86%0.94%0.76%-0.97%1.17%-0.71%2.92%
20232.49%-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%-2.37%-2.22%1.15%-1.25%2.14%-1.81%-3.02%-0.61%4.07%0.25%-5.58%
20210.53%-0.28%0.34%0.44%0.16%0.34%0.35%-0.03%-0.31%-0.11%0.44%-0.38%1.50%
20201.38%1.30%-1.62%-0.52%2.74%1.30%1.29%0.16%0.20%0.09%0.96%-0.02%7.45%
20190.21%0.64%0.85%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

With an overall rank of 80, BSNSX is among the top 20% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.


The Risk-Adjusted Performance Rank of BSNSX is 8080
Overall Rank
The Sharpe Ratio Rank of BSNSX is 7777
Sharpe Ratio Rank
The Sortino Ratio Rank of BSNSX is 7373
Sortino Ratio Rank
The Omega Ratio Rank of BSNSX is 8484
Omega Ratio Rank
The Calmar Ratio Rank of BSNSX is 8585
Calmar Ratio Rank
The Martin Ratio Rank of BSNSX is 8181
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.


The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

Baird Strategic Municipal Bond Fund Sharpe ratios as of May 10, 2025 (values are recalculated daily):

  • 1-Year: 0.89
  • 5-Year: 0.88
  • All Time: 0.69

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

The chart below shows the rolling Sharpe ratio of Baird Strategic Municipal Bond Fund compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time. For deeper analysis or to customize the calculation, use the Sharpe ratio tool.


Rolling 12-month Sharpe Ratio0.001.002.003.00December2025FebruaryMarchAprilMay
0.89
0.44
BSNSX (Baird Strategic Municipal Bond Fund)
Benchmark (^GSPC)

Dividends

Dividend History

Baird Strategic Municipal Bond Fund provided a 3.33% dividend yield over the last twelve months, with an annual payout of $0.34 per share. The fund has been increasing its distributions for 3 consecutive years.


0.00%0.50%1.00%1.50%2.00%2.50%3.00%3.50%$0.00$0.05$0.10$0.15$0.20$0.25$0.30$0.35201920202021202220232024
Dividends
Dividend Yield
PeriodTTM202420232022202120202019
Dividend$0.34$0.34$0.31$0.18$0.14$0.21$0.00

Dividend yield

3.33%3.27%2.99%1.84%1.33%1.99%0.00%

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.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2025$0.03$0.03$0.03$0.03$0.00$0.11
2024$0.02$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.34
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$0.06$0.14
2020$0.01$0.01$0.01$0.02$0.02$0.01$0.02$0.01$0.01$0.01$0.01$0.08$0.21
2019$0.00$0.00$0.00

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.


-20.00%-15.00%-10.00%-5.00%0.00%December2025FebruaryMarchAprilMay
-1.01%
-7.88%
BSNSX (Baird Strategic Municipal Bond Fund)
Benchmark (^GSPC)

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 1.01%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-10.21%Aug 10, 2021306Oct 25, 2022295Dec 28, 2023601
-8.23%Mar 9, 202010Mar 20, 202044May 22, 202054
-2.92%Mar 5, 202526Apr 9, 2025
-1.58%Dec 10, 202423Jan 14, 202528Feb 25, 202551
-1.55%Oct 4, 202424Nov 6, 202417Dec 2, 202441

Volatility

Volatility Chart

The current Baird Strategic 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.


0.00%5.00%10.00%15.00%December2025FebruaryMarchAprilMay
1.57%
6.82%
BSNSX (Baird Strategic Municipal Bond Fund)
Benchmark (^GSPC)