BSNSX

About BSNSX

Baird Strategic Municipal Bond Fund Investor is an open‑end municipal bond mutual fund focused on delivering a high level of current income that is exempt from federal income tax while emphasizing preservation of capital. The fund invests primarily in investment‑grade municipal obligations across a broad national opportunity set—spanning general obligation debt, essential‑service revenue bonds, transportation, healthcare, housing, and sales‑tax backed issues—and may allocate a portion to below‑investment‑grade bonds within defined limits to enhance income. Positioned in the Muni National Intermediate category, it targets a short‑to‑intermediate interest‑rate profile, with duration managed to moderate sensitivity to rate changes. The strategy is team‑managed and applies a valuation‑driven, sector‑diversified approach, seeking resilient credit characteristics and prudent risk controls. It serves as a core tax‑exempt fixed income holding for investors seeking federally tax‑advantaged income, broad state and sector diversification, and disciplined duration management within the municipal market. Morningstar categorizes it as “Muni National Interm,” reflecting its role in balancing income generation with interest‑rate and credit risk across the U.S. municipal landscape.