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Trending ETFs

Name

As of 06/11/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$9.31

$117 M

3.55%

$0.33

0.83%

Vitals

YTD Return

-0.6%

1 yr return

2.3%

3 Yr Avg Return

-2.5%

5 Yr Avg Return

-0.2%

Net Assets

$117 M

Holdings in Top 10

50.7%

52 WEEK LOW AND HIGH

$9.3
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.83%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 50.00%

Redemption Fee 1.00%


Min Investment

Standard (Taxable)

$100

IRA

$100


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 06/11/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$9.31

$117 M

3.55%

$0.33

0.83%

BAIAX - Profile

Distributions

  • YTD Total Return -0.6%
  • 3 Yr Annualized Total Return -2.5%
  • 5 Yr Annualized Total Return -0.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.77%
DIVIDENDS
  • Dividend Yield 3.6%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Brown Advisory Intermediate Income Fund
  • Fund Family Name
    Brown Advisory Funds
  • Inception Date
    Oct 19, 2012
  • Shares Outstanding
    335458
  • Share Class
    Adv
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Jason Vlosich

Fund Description

Under normal conditions, the Adviser seeks to achieve the Fund’s investment objective by investing at least 80% of the value of its net assets (plus any borrowings for investment purposes) in fixed income securities such as U.S Government securities, corporate fixed income securities, mortgage-backed and asset-backed securities. The fixed income securities in which the Fund may invest may also include municipal securities issued by states, U.S. territories, and possessions, general obligation securities and revenue securities. The foregoing may include municipal lease obligations and insured municipal securities. The Fund may also invest in other investment companies that invest in similar fixed income securities and the Fund may count such holdings towards the Fund’s 80% investment policy.
The Fund invests in fixed income securities that primarily have a maturity that is between 1 and 10 years and are rated in the top four rating categories of a Nationally Recognized Statistical Rating Organization, or unrated and deemed to be of comparable quality by the Adviser. Under normal circumstances, the Fund’s portfolio will have an average dollar weighted maturity between 3 and 10 years and an average duration of 2 to 5 years. Duration is a measurement of price sensitivity to interest rate changes.
The Fund may invest in derivatives instruments, such as options, futures contracts, including interest rate futures, and options on futures. These investments will typically be made for investment purposes consistent with the Fund’s investment objective and may also be used to mitigate or hedge risks within the portfolio or for the temporary investment of cash balances.  These derivative instruments will be counted toward the Fund’s 80% policy to the extent they have economic characteristics similar to the securities included within that policy. The Fund intends to use the mark-to-market value of such derivatives for purposes of complying with the Fund’s 80% investment policy.
The Adviser may sell a fixed income security or reduce its position if:
•    Revised economic forecasts or interest rate outlook requires a repositioning of the portfolio;
•    The security subsequently fails to meet the investment criteria;
•    A more attractive security is found; or
•    The Adviser believes that the security has reached its appreciation potential.
In order to respond to adverse market, economic, political, or other conditions, the Fund may assume a temporary defensive position that is inconsistent with its investment objective and principal investment strategy and invest without limit in cash and prime quality cash equivalents such as prime commercial paper and other money market instruments.  A defensive position, taken at the wrong time, may have an adverse impact on the Fund’s performance.  The Fund may be unable to achieve its investment objective during the employment of a temporary defensive measure.
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BAIAX - Performance

Return Ranking - Trailing

Period BAIAX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.6% -2.0% 13.4% 98.33%
1 Yr 2.3% 0.3% 25.6% 98.33%
3 Yr -2.5%* -6.1% 4.3% 99.24%
5 Yr -0.2%* -3.9% 4.8% 98.17%
10 Yr 0.9%* -19.2% 169.8% 88.05%

* Annualized

Return Ranking - Calendar

Period BAIAX Return Category Return Low Category Return High Rank in Category (%)
2023 1.2% -1.6% 7.6% 73.98%
2022 -11.2% -17.7% -2.6% 94.71%
2021 -3.3% -4.0% 4.4% 98.63%
2020 3.7% -7.1% 7.6% 9.58%
2019 4.0% -2.3% 9.3% 4.33%

Total Return Ranking - Trailing

Period BAIAX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.6% -2.0% 13.4% 98.33%
1 Yr 2.3% 0.3% 25.6% 98.33%
3 Yr -2.5%* -6.1% 4.3% 99.24%
5 Yr -0.2%* -3.9% 4.8% 98.17%
10 Yr 0.9%* -19.2% 169.8% 88.05%

* Annualized

Total Return Ranking - Calendar

Period BAIAX Return Category Return Low Category Return High Rank in Category (%)
2023 4.0% 1.8% 15.2% 93.49%
2022 -9.7% -17.3% -1.3% 97.92%
2021 -1.6% -2.7% 7.7% 96.29%
2020 5.3% -2.4% 14.5% 24.15%
2019 6.5% 0.6% 12.6% 9.90%

NAV & Total Return History


BAIAX - Holdings

Concentration Analysis

BAIAX Category Low Category High BAIAX % Rank
Net Assets 117 M 14.5 K 57.3 B 87.41%
Number of Holdings 89 2 9251 86.30%
Net Assets in Top 10 60 M 993 K 6.33 B 76.11%
Weighting of Top 10 50.69% 2.1% 103.0% 10.37%

Top 10 Holdings

  1. Brown Advisory Mortgage Securities Fund 12.55%
  2. United States Treasury Note/Bond 9.23%
  3. United States Treasury Note/Bond 5.47%
  4. United States Treasury Note/Bond 5.24%
  5. First American Government Obligations Fund 4.70%
  6. United States Treasury Note/Bond 4.31%
  7. United States Treasury Note/Bond 2.89%
  8. United States Treasury Note/Bond 2.55%
  9. United States Treasury Note/Bond 2.10%
  10. Waste Connections Inc 1.65%

Asset Allocation

Weighting Return Low Return High BAIAX % Rank
Bonds
78.80% 0.00% 131.18% 69.26%
Stocks
12.55% 0.00% 99.97% 8.52%
Cash
5.27% -20.59% 55.85% 31.85%
Other
3.38% -0.97% 69.02% 61.85%
Preferred Stocks
0.00% 0.00% 22.27% 97.22%
Convertible Bonds
0.00% 0.00% 27.71% 99.07%

Stock Sector Breakdown

Weighting Return Low Return High BAIAX % Rank
Utilities
0.00% 0.00% 81.48% N/A
Technology
0.00% 0.00% 24.45% N/A
Real Estate
0.00% 0.00% 8.31% N/A
Industrials
0.00% 0.00% 100.00% N/A
Healthcare
0.00% 0.00% 23.11% N/A
Financial Services
0.00% 0.00% 100.00% N/A
Energy
0.00% 0.00% 100.00% N/A
Communication Services
0.00% 0.00% 65.64% N/A
Consumer Defense
0.00% 0.00% 21.37% N/A
Consumer Cyclical
0.00% 0.00% 10.75% N/A
Basic Materials
0.00% 0.00% 22.71% N/A

Stock Geographic Breakdown

Weighting Return Low Return High BAIAX % Rank
US
12.55% 0.00% 99.97% 8.52%
Non US
0.00% 0.00% 0.01% 95.93%

Bond Sector Breakdown

Weighting Return Low Return High BAIAX % Rank
Securitized
52.12% 0.00% 97.27% 8.16%
Government
22.15% 0.00% 73.63% 40.45%
Corporate
19.61% 0.00% 100.00% 79.04%
Cash & Equivalents
4.70% 0.00% 55.85% 31.48%
Municipal
0.02% 0.00% 17.46% 53.06%
Derivative
-0.07% -0.33% 28.01% 85.74%

Bond Geographic Breakdown

Weighting Return Low Return High BAIAX % Rank
US
78.80% 0.00% 130.36% 67.59%
Non US
0.00% 0.00% 82.77% 97.04%

BAIAX - Expenses

Operational Fees

BAIAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.83% 0.01% 3.24% 35.87%
Management Fee 0.30% 0.00% 1.19% 47.59%
12b-1 Fee 0.25% 0.00% 1.00% 56.99%
Administrative Fee N/A 0.01% 0.41% N/A

Sales Fees

BAIAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 5.75% N/A
Deferred Load N/A 0.50% 4.00% N/A

Trading Fees

BAIAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 1.00% 1.00% 2.00% 83.33%

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

BAIAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 50.00% 2.00% 500.00% 31.22%

BAIAX - Distributions

Dividend Yield Analysis

BAIAX Category Low Category High BAIAX % Rank
Dividend Yield 3.55% 0.00% 11.11% 82.41%

Dividend Distribution Analysis

BAIAX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

BAIAX Category Low Category High BAIAX % Rank
Net Income Ratio 0.77% -1.27% 4.98% 73.86%

Capital Gain Distribution Analysis

BAIAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

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BAIAX - Fund Manager Analysis

Managers

Jason Vlosich


Start Date

Tenure

Tenure Rank

Oct 31, 2017

4.58

4.6%

Jason is a partner and serves as portfolio manager for the Sustainable Short Duration, Limited Duration, Enhanced Cash and Intermediate Income strategies. Jason is also the Head Fixed Income Trader. His role is primary execution of taxable bonds of all types as well as management of shorter duration portfolios. Prior to joining the firm, he served as a fixed income trader at Ferris, Baker, Watts and Deutsche Bank Alex. Brown.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.07 28.77 6.18 2.41