BSNSX Performance — Baird Strategic Municipal Bond Fund, Investor Class
Data updated: 2026-08-14
BSNSX returned +1.86% year to date and +5.55% over one year to Jun 2026. Annualised returns are +4.44% over 3 years and +2.13% over 5 years. Against its Intermediate 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 $111 for the category, and to $106 over one year, against $106. Volatility over the past three years was 3.75% a year. In the 12 months to Jun 2026 the fund took in a net $1.5B, and assets reached $3.69B.
BSNSX Growth of $100
What $100 invested in Baird Strategic Municipal Bond Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Intermediate Municipal Bond category average over the same months.
| Period | BSNSX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $106 | $106 |
| 3 years (Jul 2023 – Jun 2026) | $114 | $111 |
| 5 years (Jul 2021 – Jun 2026) | $111 | $105 |
| Since data start (Oct 2019 – Jun 2026) | $123 | $110 |
BSNSX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +1.86% |
| 1 year | +5.55% |
| 3 years (annualised) | +4.44% |
| 5 years (annualised) | +2.13% |
BSNSX Annual Returns
Calendar-year total returns of Baird Strategic Municipal Bond Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +1.86% |
| 2025 | +4.84% |
| 2024 | +2.91% |
| 2023 | +6.53% |
| 2022 | −5.55% |
| 2021 | +2.00% |
| 2020 | +8.12% |
| 2019 (Oct–Dec) | +0.85% |
BSNSX 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% | +1.0% | −1.5% | +0.8% | +0.3% | +0.6% | — | — | — | — | — | — |
| 2025 | +0.4% | +0.9% | −0.9% | −0.2% | +0.3% | +0.7% | +0.1% | +0.8% | +1.3% | +0.8% | +0.4% | +0.2% |
| 2024 | 0.0% | +0.2% | +0.1% | −0.6% | −0.1% | +1.3% | +0.9% | +0.9% | +0.8% | −1.0% | +1.2% | −0.7% |
| 2023 | +2.5% | −1.6% | +1.7% | +0.1% | −0.5% | +0.8% | +0.3% | −0.5% | −1.8% | −0.6% | +4.5% | +2.0% |
| 2022 | −1.5% | −0.3% | −2.4% | −2.2% | +1.1% | −1.2% | +2.1% | −1.8% | −3.0% | −0.6% | +4.1% | +0.3% |
| 2021 | +0.5% | −0.3% | +0.3% | +0.4% | +0.2% | +0.3% | +0.4% | 0.0% | −0.3% | −0.1% | +0.4% | +0.1% |
| 2020 | +1.4% | +1.3% | −1.6% | −0.5% | +2.7% | +1.3% | +1.3% | +0.2% | +0.2% | +0.1% | +1.0% | +0.6% |
| 2019 | — | — | — | — | — | — | — | — | — | 0.0% | +0.2% | +0.6% |
BSNSX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 3.75%
- 3-year Sharpe ratio: -0.01 (vs 4.5% risk-free rate)
- Best month: +4.51% (Nov 2023)
- Worst month: −1.84% (Sep 2023)
BSNSX Fund Flows
Monthly money in and out of Baird Strategic Municipal Bond Fund, from SEC Form N-PORT.
- 12-month net flow: $1.5B
- 12-month gross sales (incl. reinvestments): $2.0B
- Sales ÷ redemptions: 3.77×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $121.7M | $61.3M | $60.4M |
| May 2026 | $160.6M | $41.9M | $118.7M |
| Apr 2026 | $174.5M | $92.3M | $82.3M |
| Mar 2026 | $141.8M | $61.2M | $80.6M |
| Feb 2026 | $139.6M | $36.6M | $103.1M |
| Jan 2026 | $187.4M | $37.7M | $149.7M |
| Dec 2025 | $184.2M | $47.6M | $136.6M |
| Nov 2025 | $129.5M | $25.5M | $104.0M |
| Oct 2025 | $133.3M | $30.6M | $102.7M |
| Sep 2025 | $306.2M | $27.3M | $278.8M |
| Aug 2025 | $178.2M | $30.5M | $147.7M |
| Jul 2025 | $123.7M | $32.5M | $91.2M |
BSNSX Assets Under Management
Net assets of Baird Strategic Municipal Bond Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $3.69B |
| 2026-03-31 | $3.40B |
| 2025-12-31 | $3.09B |
| 2025-09-30 | $2.73B |
| 2025-06-30 | $2.18B |
| 2025-03-31 | $1.81B |
| 2024-12-31 | $1.55B |
| 2024-09-30 | $1.43B |
| 2024-06-30 | $1.22B |
| 2024-03-31 | $1.14B |
| 2023-12-31 | $917.93M |
| 2023-09-30 | $674.09M |
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.