BMQSX Performance — Baird Municipal Bond Fund, Investor Class
Data updated: 2026-08-14
BMQSX returned +2.25% year to date and +6.97% over one year to Jun 2026. Annualised returns are +4.46% over 3 years and +1.76% over 5 years. Against its Long-Term Municipal Bond category average the fund came out ahead over three years but behind over one: $100 invested three years ago grew to $114, against $112 for the category, and to $107 over one year, against $108. Volatility over the past three years was 5.07% a year. In the 12 months to Jun 2026 the fund took in a net $447.7M, and assets reached $958.01M.
BMQSX Growth of $100
What $100 invested in Baird Municipal Bond Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Long-Term Municipal Bond category average over the same months.
| Period | BMQSX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $107 | $108 |
| 3 years (Jul 2023 – Jun 2026) | $114 | $112 |
| 5 years (Jul 2021 – Jun 2026) | $109 | $103 |
| Since data start (Oct 2019 – Jun 2026) | $124 | $111 |
BMQSX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +2.25% |
| 1 year | +6.97% |
| 3 years (annualised) | +4.46% |
| 5 years (annualised) | +1.76% |
BMQSX Annual Returns
Calendar-year total returns of Baird Municipal Bond Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +2.25% |
| 2025 | +4.71% |
| 2024 | +2.70% |
| 2023 | +6.67% |
| 2022 | −7.77% |
| 2021 | +3.11% |
| 2020 | +9.58% |
| 2019 (Oct–Dec) | +1.16% |
BMQSX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +0.7% | +1.3% | −2.0% | +1.1% | +0.4% | +0.8% | — | — | — | — | — | — |
| 2025 | +0.3% | +1.1% | −1.4% | −0.5% | 0.0% | +0.6% | −0.2% | +0.8% | +2.2% | +1.1% | +0.4% | +0.2% |
| 2024 | +0.1% | +0.2% | +0.1% | −0.9% | −0.2% | +1.6% | +0.9% | +0.9% | +1.1% | −1.4% | +1.5% | −1.1% |
| 2023 | +2.9% | −2.1% | +1.8% | +0.1% | −0.7% | +1.0% | +0.3% | −0.9% | −2.6% | −1.2% | +5.8% | +2.5% |
| 2022 | −2.3% | −0.4% | −2.8% | −2.7% | +1.5% | −1.8% | +2.8% | −2.2% | −4.1% | −0.8% | +5.2% | +0.1% |
| 2021 | +0.8% | −1.2% | +0.7% | +1.0% | +0.5% | +0.5% | +0.8% | −0.1% | −0.7% | −0.1% | +0.9% | +0.2% |
| 2020 | +2.0% | +1.6% | −1.9% | −1.3% | +3.1% | +1.4% | +1.9% | −0.3% | +0.2% | +0.1% | +1.5% | +1.1% |
| 2019 | — | — | — | — | — | — | — | — | — | 0.0% | +0.4% | +0.8% |
BMQSX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 5.07%
- 3-year Sharpe ratio: -0.01 (vs 4.5% risk-free rate)
- Best month: +5.83% (Nov 2023)
- Worst month: −2.61% (Sep 2023)
BMQSX Fund Flows
Monthly money in and out of Baird Municipal Bond Fund, from SEC Form N-PORT.
- 12-month net flow: $447.7M
- 12-month gross sales (incl. reinvestments): $590.8M
- Sales ÷ redemptions: 4.13×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $45.4M | $26.3M | $19.1M |
| May 2026 | $45.5M | $9.4M | $36.1M |
| Apr 2026 | $62.3M | $14.0M | $48.3M |
| Mar 2026 | $91.3M | $15.0M | $76.3M |
| Feb 2026 | $45.6M | $8.1M | $37.5M |
| Jan 2026 | $38.2M | $16.2M | $22.1M |
| Dec 2025 | $36.3M | $10.3M | $25.9M |
| Nov 2025 | $36.9M | $8.7M | $28.1M |
| Oct 2025 | $34.1M | $7.8M | $26.4M |
| Sep 2025 | $77.9M | $7.7M | $70.1M |
| Aug 2025 | $45.8M | $9.4M | $36.3M |
| Jul 2025 | $31.5M | $10.2M | $21.3M |
BMQSX Assets Under Management
Net assets of Baird Municipal Bond Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $958.01M |
| 2026-03-31 | $841.53M |
| 2025-12-31 | $713.57M |
| 2025-09-30 | $628.22M |
| 2025-06-30 | $490.06M |
| 2025-03-31 | $354.90M |
| 2024-12-31 | $286.16M |
| 2024-09-30 | $267.46M |
| 2024-06-30 | $238.42M |
| 2024-03-31 | $214.41M |
| 2023-12-31 | $187.86M |
| 2023-09-30 | $154.83M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.