Baird Core Intermediate Municipal Bond Fund Investor Class (BMNSX)

Fund Assets	6.91B
Expense Ratio	0.55%
Min. Investment	$2,500
Turnover	22.00%
Dividend (ttm)	0.34
Dividend Yield	3.30%
Dividend Growth	2.66%
Payout Frequency	Monthly
Ex-Dividend Date	Jul 28, 2026

Previous Close	10.25
YTD Return	0.19%
1-Year Return	3.15%
5-Year Return	5.49%
52-Week Low	10.18
52-Week High	10.51
Beta (5Y)	0.03
Holdings	4190
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.

• Fund Family: Baird
• Category: Muni National Interm
• Performance Rating: Average
• Risk Rating: Low
• Stock Exchange: NASDAQ
• Ticker Symbol: BMNSX
• Share Class: Investor Class
• Index: Bloomberg 1-15 Y Municipal Blend TR

Performance

BMNSX had a total return of 3.15% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.36%.

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
Jul 28, 2026	$0.03062	Jul 29, 2026
Jun 26, 2026	$0.02685	Jun 29, 2026
May 27, 2026	$0.03005	May 28, 2026
Apr 27, 2026	$0.02611	Apr 28, 2026
Mar 27, 2026	$0.03019	Mar 30, 2026
Feb 25, 2026	$0.028	Feb 26, 2026

Data Sources: Tiingo, Financial Modeling Prep, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Financial Modeling Prep. Several fund data points are also provided by Finnhub.

Last checked:

Aug 27, 2026

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