Baird Short-Term Municipal Bond Fund (BTMSX)
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. The fund may invest in all types of municipal obligations, including pre-refunded bonds, general obligation bonds, revenue bonds, and municipal lease participations.
Fund Info
ISIN | US0570716235 |
---|---|
CUSIP | 057071623 |
Issuer | Baird |
Inception Date | Aug 30, 2015 |
Category | Municipal Bonds |
Min. Investment | $2,500 |
Asset Class | Bond |
Expense Ratio
The Baird Short-Term Municipal Bond Fund has a high expense ratio of 0.55%, indicating higher-than-average management fees.
Share Price Chart
Loading data...
Compare to other instruments
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Baird Short-Term 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 Short-Term Municipal Bond Fund had a return of -0.06% year-to-date (YTD) and 2.55% in the last 12 months.
Period | Return | Benchmark |
---|---|---|
Year-To-Date | -0.06% | 10.04% |
1 month | -0.20% | 3.53% |
6 months | 3.37% | 22.79% |
1 year | 2.55% | 32.16% |
5 years (annualized) | 0.94% | 13.15% |
10 years (annualized) | N/A | 10.96% |
Monthly Returns Heatmap
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | 0.00% | 0.14% | ||||||||||
2023 | -0.20% | -1.01% | -0.07% | 2.52% | 1.17% |
Risk-Adjusted Performance
Risk-Adjusted Performance Indicators
This table presents risk-adjusted performance metrics for Baird Short-Term Municipal Bond Fund (BTMSX) and compares them with a selected benchmark (^GSPC). These performance indicators assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Ulcer Index | |
---|---|---|---|---|---|
Baird Short-Term Municipal Bond Fund | 1.60 | ||||
S&P 500 | 2.76 |
Dividends
Dividend History
Baird Short-Term Municipal Bond Fund granted a 2.39% dividend yield in the last twelve months. The annual payout for that period amounted to $0.24 per share.
Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
---|---|---|---|---|---|---|---|---|---|---|
Dividend | $0.24 | $0.25 | $0.13 | $0.09 | $0.14 | $0.09 | $0.17 | $0.14 | $0.12 | $0.05 |
Dividend yield | 2.39% | 2.48% | 1.36% | 0.88% | 1.30% | 0.88% | 1.70% | 1.43% | 1.17% | 0.46% |
Monthly Dividends
The table displays the monthly dividend distributions for Baird Short-Term 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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | $0.02 | $0.02 | ||||||||||
2023 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 |
2022 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.01 | $0.02 |
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 |
2020 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 |
2019 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
2018 | $0.01 | $0.01 | $0.01 | $0.02 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.01 | $0.01 | $0.02 |
2017 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 |
2016 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 |
2015 | $0.00 | $0.01 | $0.01 | $0.02 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Baird Short-Term 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 Short-Term Municipal Bond Fund was 6.51%, occurring on Oct 25, 2022. The portfolio has not yet recovered.
The current Baird Short-Term Municipal Bond Fund drawdown is 0.69%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
---|---|---|---|---|---|---|
-6.51% | Aug 6, 2021 | 308 | Oct 25, 2022 | — | — | — |
-6.26% | Mar 10, 2020 | 9 | Mar 20, 2020 | 73 | Jul 6, 2020 | 82 |
-1.8% | Aug 31, 2016 | 65 | Dec 1, 2016 | 111 | May 12, 2017 | 176 |
-1.07% | Aug 21, 2019 | 19 | Sep 17, 2019 | 86 | Jan 21, 2020 | 105 |
-0.78% | Nov 9, 2017 | 114 | Apr 25, 2018 | 47 | Jul 2, 2018 | 161 |
Volatility
Volatility Chart
The current Baird Short-Term Municipal Bond Fund volatility is 0.38%, 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.