BMNSX Performance — Baird Core Intermediate Municipal Bond Fund, Investor Class
Data updated: 2026-08-14
BMNSX returned +1.72% year to date and +5.45% over one year to Jun 2026. Annualised returns are +3.99% over 3 years and +1.51% 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 $112, against $111 for the category, and to $105 over one year, against $106. Volatility over the past three years was 3.86% a year. In the 12 months to Jun 2026 the fund took in a net $2.0B, and assets reached $6.85B.
BMNSX Growth of $100
What $100 invested in Baird Core 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 | BMNSX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $105 | $106 |
| 3 years (Jul 2023 – Jun 2026) | $112 | $111 |
| 5 years (Jul 2021 – Jun 2026) | $108 | $105 |
| Since data start (Jul 2019 – Jun 2026) | $117 | $112 |
BMNSX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +1.72% |
| 1 year | +5.45% |
| 3 years (annualised) | +3.99% |
| 5 years (annualised) | +1.51% |
BMNSX Annual Returns
Calendar-year total returns of Baird Core Intermediate Municipal Bond Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +1.72% |
| 2025 | +4.63% |
| 2024 | +2.26% |
| 2023 | +5.27% |
| 2022 | −6.39% |
| 2021 | +1.45% |
| 2020 | +5.00% |
| 2019 (Jul–Dec) | +2.03% |
BMNSX 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% | −1.7% | +0.7% | +0.4% | +0.5% | — | — | — | — | — | — |
| 2025 | +0.4% | +0.9% | −1.1% | −0.2% | +0.2% | +0.8% | +0.1% | +0.7% | +1.5% | +0.8% | +0.4% | +0.3% |
| 2024 | −0.1% | +0.2% | 0.0% | −0.7% | −0.1% | +1.2% | +0.9% | +0.8% | +0.8% | −1.1% | +1.2% | −0.8% |
| 2023 | +2.1% | −1.7% | +1.6% | −0.2% | −0.7% | +0.7% | +0.2% | −0.7% | −1.9% | −0.8% | +4.5% | +1.9% |
| 2022 | −1.9% | −0.5% | −2.3% | −2.2% | +1.0% | −1.3% | +2.0% | −1.7% | −2.8% | −0.4% | +3.6% | +0.2% |
| 2021 | +0.5% | −1.1% | +0.5% | +0.7% | +0.3% | +0.2% | +0.7% | −0.3% | −0.5% | −0.2% | +0.7% | +0.1% |
| 2020 | +1.5% | +1.1% | −2.6% | −1.1% | +2.7% | +0.7% | +1.3% | −0.2% | +0.1% | −0.1% | +1.1% | +0.5% |
| 2019 | — | — | — | — | — | — | +0.8% | +1.3% | −0.7% | +0.2% | +0.1% | +0.4% |
BMNSX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 3.86%
- 3-year Sharpe ratio: -0.13 (vs 4.5% risk-free rate)
- Best month: +4.48% (Nov 2023)
- Worst month: −1.86% (Sep 2023)
BMNSX Fund Flows
Monthly money in and out of Baird Core Intermediate Municipal Bond Fund, from SEC Form N-PORT.
- 12-month net flow: $2.0B
- 12-month gross sales (incl. reinvestments): $3.0B
- Sales ÷ redemptions: 3.18×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $201.3M | $82.7M | $118.6M |
| May 2026 | $237.5M | $94.9M | $142.6M |
| Apr 2026 | $202.4M | $100.8M | $101.6M |
| Mar 2026 | $0 | $0 | $0 |
| Feb 2026 | $550.8M | $95.2M | $455.6M |
| Jan 2026 | $261.3M | $76.5M | $184.8M |
| Dec 2025 | $282.8M | $78.9M | $203.9M |
| Nov 2025 | $163.7M | $58.1M | $105.6M |
| Oct 2025 | $167.0M | $69.5M | $97.5M |
| Sep 2025 | $198.3M | $132.0M | $66.4M |
| Aug 2025 | $243.7M | $66.1M | $177.6M |
| Jul 2025 | $471.6M | $81.9M | $389.8M |
BMNSX Assets Under Management
Net assets of Baird Core Intermediate Municipal Bond Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $6.85B |
| 2026-03-31 | $6.43B |
| 2025-12-31 | $5.66B |
| 2025-09-30 | $5.22B |
| 2025-06-30 | $4.52B |
| 2025-03-31 | $4.19B |
| 2024-12-31 | $3.94B |
| 2024-09-30 | $3.74B |
| 2024-06-30 | $3.46B |
| 2024-03-31 | $3.28B |
| 2023-12-31 | $2.97B |
| 2023-09-30 | $2.71B |
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.