Baird Strategic Municipal Bond Fund (BSNSX)

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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.

Baird Strategic Municipal Bond Fund (BSNSX) has returned 0.05% so far this year and 4.40% over the past 12 months.

Based on dividend-adjusted daily data since Nov 15, 2019, BSNSX's average daily return is +0.01%, while the average monthly return is +0.25%. At this rate, your investment would double in approximately 23.1 years.

Historically, 66% of months were positive and 34% were negative. The best month was Nov 2023 with a return of +4.5%, while the worst month was Sep 2022 at -3.0%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 4 months.

On a daily basis, BSNSX closed higher 36% of trading days. The best single day was Mar 25, 2020 with a return of +3.1%, while the worst single day was Mar 20, 2020 at -2.3%.

Baird Strategic Municipal Bond Fund has an annualized alpha of 2.64%, beta of 0.03, and R² of 0.04 versus S&P 500 Index. Calculated based on daily prices since November 18, 2019.

• This fund participated in 16.18% of S&P 500 Index downside but only 14.87% of its upside — more exposed to losses than it benefited from rallies.
• Beta of 0.03 may look defensive, but with R² of 0.04 this fund is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R² of 0.04 means this fund moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

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

BSNSX ranks 81 for risk / return — in the top 81% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

The table below present risk-adjusted performance metrics for Baird Strategic Municipal Bond Fund (BSNSX) and compare them to a chosen benchmark (S&P 500 Index).

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 4 consecutive years.

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.

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.

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 9.77%, occurring on Oct 25, 2022. Recovery took 286 trading sessions.

The current Baird Strategic Municipal Bond Fund drawdown is 1.70%.

The chart below shows the rolling one-month volatility.