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
US0570715245
057071524
Nov 14, 2019
$2,500
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
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Performance
Performance Chart
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Returns By Period
Baird Strategic Municipal Bond Fund (BSNSX) returned 0.11% year-to-date (YTD) and 3.55% over the past 12 months.
BSNSX
0.11%
0.10%
-0.41%
3.55%
3.05%
2.06%
N/A
^GSPC (Benchmark)
0.52%
6.32%
-1.44%
12.25%
12.45%
14.20%
10.84%
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.44% | 0.90% | -0.88% | -0.23% | -0.10% | 0.11% | |||||||
| 2024 | 0.03% | 0.18% | 0.10% | -0.61% | -0.11% | 1.27% | 0.86% | 0.94% | 0.76% | -0.97% | 1.17% | -0.71% | 2.92% |
| 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% | -2.37% | -2.22% | 1.15% | -1.25% | 2.14% | -1.81% | -3.03% | -0.61% | 4.07% | 0.27% | -5.56% |
| 2021 | 0.53% | -0.28% | 0.34% | 0.44% | 0.16% | 0.34% | 0.35% | -0.03% | -0.31% | -0.11% | 0.44% | 0.14% | 2.03% |
| 2020 | 1.38% | 1.30% | -1.61% | -0.52% | 2.74% | 1.30% | 1.29% | 0.16% | 0.20% | 0.10% | 0.96% | 0.61% | 8.12% |
| 2019 | 0.21% | 0.64% | 0.85% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 79, BSNSX is among the top 21% 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.
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.
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Dividends
Dividend History
Baird Strategic Municipal Bond Fund provided a 3.03% dividend yield over the last twelve months, with an annual payout of $0.31 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Dividend | $0.31 | $0.34 | $0.31 | $0.18 | $0.15 | $0.21 | $0.02 |
Dividend yield | 3.03% | 3.27% | 2.98% | 1.82% | 1.36% | 1.99% | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | $0.07 | $0.15 |
| 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 | $0.01 | $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.
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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 9.78%, occurring on Oct 25, 2022. Recovery took 286 trading sessions.
The current Baird Strategic Municipal Bond Fund drawdown is 1.21%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -9.78% | Jan 3, 2022 | 205 | Oct 25, 2022 | 286 | Dec 14, 2023 | 491 |
| -8.23% | Mar 9, 2020 | 10 | Mar 20, 2020 | 44 | May 22, 2020 | 54 |
| -2.92% | Mar 5, 2025 | 26 | Apr 9, 2025 | — | — | — |
| -1.58% | Dec 10, 2024 | 23 | Jan 14, 2025 | 28 | Feb 25, 2025 | 51 |
| -1.55% | Oct 4, 2024 | 24 | Nov 6, 2024 | 17 | Dec 2, 2024 | 41 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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