Baird Core Intermediate Municipal Bond Fund Investor Class (BMNSX)
| Fund Assets | 5.87B |
| Expense Ratio | 0.55% |
| Min. Investment | $2,500 |
| Turnover | 25.00% |
| Dividend (ttm) | 0.33 |
| Dividend Yield | 3.19% |
| Dividend Growth | 3.68% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 28, 2026 |
| Previous Close | 10.48 |
| YTD Return | 1.30% |
| 1-Year Return | 5.74% |
| 5-Year Return | 7.46% |
| 52-Week Low | 9.70 |
| 52-Week High | 10.48 |
| Beta (5Y) | n/a |
| Holdings | 3573 |
| Inception Date | Aug 31, 2015 |
About BMNSX
The Baird Core Intermediate Municipal Bond Fund Investor Class is an open-end mutual fund specializing in U.S. municipal bonds. Its primary goal is to generate a high level of current income that is exempt from federal income tax, while maintaining a focus on preserving capital. The fund invests at least 80% of its assets in a diverse mix of municipal obligations issued by state and local governments across the United States and its territories, including pre-refunded bonds, general obligation bonds, revenue bonds, and municipal lease participations. With an intermediate maturity profile, it generally holds bonds with maturities ranging from 1 to 15 years, optimizing duration and yield curve positioning to capture value and manage risk. The portfolio is predominantly composed of investment grade securities, although up to 10% may be allocated to non-investment grade or comparably rated unrated bonds. The fund is notable for its broad diversification—holding several thousand individual securities—and aims to offer federally tax-exempt income attractive to investors seeking stability and tax efficiency. It plays an important role for investors looking to balance income with moderate interest rate and credit risk within the municipal bond sector.
Performance
BMNSX had a total return of 5.74% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.95%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| VWITX | Vanguard | Vanguard Intermediate-Term Tax-Exempt Fund Investor Shares | 0.17% |
Other Share Classes
These are alternative share classes of the same fund, from the same provider.
| Symbol | Share Class | Expense Ratio |
|---|---|---|
| BMNIX | Institutional Class | 0.30% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jan 28, 2026 | $0.02504 | Jan 29, 2026 |
| Dec 29, 2025 | $0.02991 | Dec 30, 2025 |
| Nov 25, 2025 | $0.02812 | Nov 26, 2025 |
| Oct 27, 2025 | $0.02843 | Oct 28, 2025 |
| Sep 25, 2025 | $0.02729 | Sep 26, 2025 |
| Aug 26, 2025 | $0.02739 | Aug 27, 2025 |