BMBSX Performance — Baird Quality Intermediate Municipal Bond Fund, Investor Class
Data updated: 2026-08-14
BMBSX returned +1.40% year to date and +4.63% over one year to Jun 2026. Annualised returns are +3.31% over 3 years and +0.94% over 5 years. The fund trailed its Intermediate Municipal Bond category average: $100 invested three years ago grew to $110, against $111 for the category, and to $105 over one year, against $106. Volatility over the past three years was 3.54% a year. In the 12 months to Jun 2026 the fund took in a net $43.8M, and assets reached $1.10B.
BMBSX Growth of $100
What $100 invested in Baird Quality Intermediate 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 | BMBSX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $105 | $106 |
| 3 years (Jul 2023 – Jun 2026) | $110 | $111 |
| 5 years (Jul 2021 – Jun 2026) | $105 | $105 |
| Since data start (Jul 2019 – Jun 2026) | $111 | $112 |
BMBSX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +1.40% |
| 1 year | +4.63% |
| 3 years (annualised) | +3.31% |
| 5 years (annualised) | +0.94% |
BMBSX Annual Returns
Calendar-year total returns of Baird Quality Intermediate Municipal Bond Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +1.40% |
| 2025 | +4.30% |
| 2024 | +1.38% |
| 2023 | +4.02% |
| 2022 | −6.00% |
| 2021 | +0.01% |
| 2020 | +4.22% |
| 2019 (Jul–Dec) | +1.49% |
BMBSX 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% | +0.9% | −1.7% | +0.7% | +0.2% | +0.5% | — | — | — | — | — | — |
| 2025 | +0.5% | +0.8% | −0.9% | −0.2% | +0.3% | +0.7% | +0.1% | +0.7% | +1.2% | +0.6% | +0.3% | +0.2% |
| 2024 | −0.2% | −0.1% | 0.0% | −0.9% | −0.2% | +1.2% | +0.9% | +0.8% | +0.7% | −1.2% | +1.0% | −0.8% |
| 2023 | +1.9% | −1.8% | +1.7% | −0.4% | −0.8% | +0.5% | +0.2% | −0.6% | −1.8% | −0.5% | +3.9% | +1.7% |
| 2022 | −2.2% | −0.4% | −2.2% | −1.9% | +1.2% | −1.0% | +1.7% | −1.7% | −2.5% | −0.2% | +3.0% | +0.2% |
| 2021 | +0.2% | −1.1% | +0.3% | +0.4% | +0.1% | +0.1% | +0.5% | −0.3% | −0.5% | −0.2% | +0.4% | 0.0% |
| 2020 | +1.4% | +0.9% | −2.0% | −0.3% | +2.7% | 0.0% | +1.1% | −0.4% | +0.1% | −0.3% | +0.8% | +0.2% |
| 2019 | — | — | — | — | — | — | +0.7% | +1.0% | −0.7% | +0.1% | +0.1% | +0.3% |
BMBSX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 3.54%
- 3-year Sharpe ratio: -0.34 (vs 4.5% risk-free rate)
- Best month: +3.90% (Nov 2023)
- Worst month: −1.79% (Sep 2023)
BMBSX Fund Flows
Monthly money in and out of Baird Quality Intermediate Municipal Bond Fund, from SEC Form N-PORT.
- 12-month net flow: $43.8M
- 12-month gross sales (incl. reinvestments): $286.1M
- Sales ÷ redemptions: 1.18×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $17.2M | $13.8M | $3.4M |
| May 2026 | $15.2M | $12.8M | $2.4M |
| Apr 2026 | $24.8M | $14.6M | $10.2M |
| Mar 2026 | $23.9M | $52.9M | −$29.0M |
| Feb 2026 | $20.1M | $20.5M | −$442K |
| Jan 2026 | $36.1M | $19.7M | $16.4M |
| Dec 2025 | $21.8M | $20.5M | $1.4M |
| Nov 2025 | $26.0M | $14.2M | $11.7M |
| Oct 2025 | $26.2M | $16.9M | $9.2M |
| Sep 2025 | $18.7M | $24.7M | −$6.0M |
| Aug 2025 | $23.8M | $16.0M | $7.7M |
| Jul 2025 | $32.3M | $15.5M | $16.8M |
BMBSX Assets Under Management
Net assets of Baird Quality Intermediate Municipal Bond Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $1.10B |
| 2026-03-31 | $1.08B |
| 2025-12-31 | $1.10B |
| 2025-09-30 | $1.07B |
| 2025-06-30 | $1.04B |
| 2025-03-31 | $1.06B |
| 2024-12-31 | $1.07B |
| 2024-09-30 | $1.08B |
| 2024-06-30 | $1.05B |
| 2024-03-31 | $1.07B |
| 2023-12-31 | $1.10B |
| 2023-09-30 | $1.10B |
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.