RMMBX Performance — Aspiriant Risk-Managed Municipal Bond Fund, N/a Class
Data updated: 2026-08-25
RMMBX returned +2.74% year to date and +7.07% over one year to Jun 2026. Annualised returns are +4.11% over 3 years and +1.35% over 5 years. The fund beat its Intermediate Municipal Bond category average: $100 invested three years ago grew to $113, against $111 for the category, and to $107 over one year, against $106. Volatility over the past three years was 4.89% a year. In the 12 months to Jun 2026 the fund took in a net $118.7M, and assets reached $1.30B.
RMMBX Growth of $100
What $100 invested in Aspiriant Risk-Managed 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 | RMMBX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $107 | $106 |
| 3 years (Jul 2023 – Jun 2026) | $113 | $111 |
| 5 years (Jul 2021 – Jun 2026) | $107 | $105 |
| Since data start (Sep 2019 – Jun 2026) | $115 | $110 |
RMMBX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +2.74% |
| 1 year | +7.07% |
| 3 years (annualised) | +4.11% |
| 5 years (annualised) | +1.35% |
RMMBX Annual Returns
Calendar-year total returns of Aspiriant Risk-Managed Municipal Bond Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +2.74% |
| 2025 | +3.32% |
| 2024 | +2.88% |
| 2023 | +6.14% |
| 2022 | −8.40% |
| 2021 | +3.23% |
| 2020 | +4.92% |
| 2019 (Sep–Dec) | +0.15% |
RMMBX 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% | +1.2% | −1.5% | +1.0% | +0.5% | +0.9% | — | — | — | — | — | — |
| 2025 | +0.2% | +1.0% | −1.4% | −0.8% | −0.3% | +0.5% | −0.5% | +0.7% | +2.6% | +1.2% | +0.2% | +0.1% |
| 2024 | +0.2% | +0.2% | +0.1% | −0.8% | 0.0% | +1.4% | +0.8% | +0.7% | +0.9% | −0.9% | +1.4% | −1.1% |
| 2023 | +2.5% | −1.5% | +1.5% | +0.2% | −0.6% | +0.7% | +0.3% | −0.9% | −2.4% | −1.5% | +5.7% | +2.2% |
| 2022 | −2.3% | −0.5% | −2.7% | −2.5% | +0.7% | −1.6% | +2.2% | −1.6% | −3.6% | −0.9% | +3.8% | +0.3% |
| 2021 | +0.9% | −1.0% | +0.6% | +1.1% | +0.5% | +0.4% | +0.9% | −0.2% | −0.7% | −0.2% | +0.8% | +0.2% |
| 2020 | +1.7% | +1.4% | −4.5% | −1.9% | +2.8% | +1.2% | +1.8% | 0.0% | −0.1% | −0.1% | +1.5% | +1.0% |
| 2019 | — | — | — | — | — | — | — | — | −0.3% | 0.0% | +0.1% | +0.3% |
RMMBX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 4.89%
- 3-year Sharpe ratio: -0.08 (vs 4.5% risk-free rate)
- Best month: +5.69% (Nov 2023)
- Worst month: −2.44% (Sep 2023)
RMMBX Fund Flows
Monthly money in and out of Aspiriant Risk-Managed Municipal Bond Fund, from SEC Form N-PORT.
- 12-month net flow: $118.7M
- 12-month gross sales (incl. reinvestments): $328.2M
- Sales ÷ redemptions: 1.57×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $27.0M | $19.9M | $7.2M |
| May 2026 | $15.6M | $7.9M | $7.7M |
| Apr 2026 | $16.7M | $29.2M | −$12.5M |
| Mar 2026 | $25.2M | $25.2M | −$33K |
| Feb 2026 | $22.9M | $9.1M | $13.8M |
| Jan 2026 | $53.9M | $13.2M | $40.6M |
| Dec 2025 | $38.6M | $33.1M | $5.4M |
| Nov 2025 | $11.4M | $7.9M | $3.6M |
| Oct 2025 | $25.8M | $8.2M | $17.7M |
| Sep 2025 | $21.6M | $24.4M | −$2.9M |
| Aug 2025 | $21.5M | $19.2M | $2.3M |
| Jul 2025 | $48.0M | $12.1M | $35.9M |
RMMBX Assets Under Management
Net assets of Aspiriant Risk-Managed Municipal Bond Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $1.30B |
| 2026-03-31 | $1.27B |
| 2025-12-31 | $1.23B |
| 2025-09-30 | $1.20B |
| 2025-06-30 | $1.14B |
| 2025-03-31 | $1.22B |
| 2024-12-31 | $1.24B |
| 2024-09-30 | $1.29B |
| 2024-06-30 | $1.26B |
| 2024-03-31 | $1.23B |
| 2023-12-31 | $1.08B |
| 2023-09-30 | $1.04B |
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.