Continue to site >
Trending ETFs

Name

As of 06/21/2024

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

$8.48

$593 M

4.55%

$0.39

0.47%

Vitals

YTD Return

-0.2%

1 yr return

2.0%

3 Yr Avg Return

-3.5%

5 Yr Avg Return

-0.1%

Net Assets

$593 M

Holdings in Top 10

37.0%

52 WEEK LOW AND HIGH

$8.5
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.47%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 89.00%

Redemption Fee 1.00%


Min Investment

Standard (Taxable)

$1,000,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 06/21/2024

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

$8.48

$593 M

4.55%

$0.39

0.47%

BAISX - Profile

Distributions

  • YTD Total Return -0.2%
  • 3 Yr Annualized Total Return -3.5%
  • 5 Yr Annualized Total Return -0.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.56%
DIVIDENDS
  • Dividend Yield 4.6%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Brown Advisory Sustainable Bond Fund
  • Fund Family Name
    Brown Advisory Funds
  • Inception Date
    Aug 07, 2017
  • Shares Outstanding
    31986328
  • Share Class
    Instl
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Amy Hauter

Fund Description

Under normal conditions, Brown Advisory LLC (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 either fixed income securities of issuers that satisfy the Fund’s sustainable investment criteria or in securities where the use of the proceeds satisfy the Fund’s sustainable investment criteria, together, the “Investment Criteria” for the Fund. This 80% investment policy is non-fundamental and may be changed without the vote of shareholders. Shareholders will receive 60 days’ prior written notice of any changes to the Fund’s 80% investment policy. The Fund may invest in corporate fixed income securities, mortgage-backed and asset-backed securities, U.S Government securities and securities issued by foreign entities including foreign-sponsored governmental agencies. 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 may also engage in “To Be Announced” transactions. Certain of the fixed income securities that the Fund may invest in are often commonly referred to as “labeled bonds.” Labeled bonds include, but are not limited to, “Green Bonds,” “Social Bonds,” “Sustainability Bonds,” or “Sustainability-Linked Bonds.”
The Fund invests in fixed income securities that primarily have a maturity that is between 0 and 30 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 6 and 11 years and an average duration of 3 to 7 years. Duration is a measurement of price sensitivity to interest rate changes.
The Fund may invest up to 20% of its assets in high-yield securities (“junk bonds”), which are speculative in nature. The Fund may invest in securities denominated in non-U.S. currencies. The Fund may also invest in bank loans.
The Fund may invest in derivatives instruments, such as options, currency forwards, futures contracts, including interest rate futures, options on futures, interest rate swaps and credit default swaps. 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 positions may also be used to manage interest rate risk or to create synthetic exposure to particular credits. Investments in derivatives may be counted towards the Fund’s 80% investment policy if they have economic characteristics similar to the other investments that are included in the Fund’s 80% investment 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 utilizes sustainable investment analysis in connection with the Fund's investments in fixed income securities. As part of the research approach, the Adviser has a process to integrate, identify and consider the sustainable investment related risks and opportunities using a sustainable investment research assessment. The assessment may be conducted at the sector, issuer, or security level. Not every investment will be covered at the issuer or security level. The Fund has access to this research and considers relevant sustainability issues. However, at the Adviser’s discretion, the Fund is permitted to make an investment without a written sustainable investment research assessment on file at the time of purchase, as long as the Adviser believes the security meets the Fund’s sustainable investment criteria.
The Fund’s sustainable investment criteria considers many factors including, but not limited to, any one or more of the following: clean and renewable energy, climate change and water conservation, waste management, natural resource stewardship, innovative efficiency solutions, labor management, community relations, supply chain management, customer well-being, stewardship of debt and capital, board governance and transparency, and business ethics.
The outcomes of the Adviser’s research may result in positive environmental and social impacts. While not a thematic fund, the nature of the Adviser’s research considers sustainable investment themes, such as any one or more of sustainable technology innovation, accessibility of essential services like healthcare, financial inclusion, and climate mitigation.
The Adviser pursues strategic engagement with issuers and other stakeholders in an effort to enhance due diligence and monitor the investment thesis.
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.
Read More

BAISX - Performance

Return Ranking - Trailing

Period BAISX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.2% -4.6% 5.4% 88.44%
1 Yr 2.0% -7.2% 13.2% 92.04%
3 Yr -3.5%* -10.6% 26.5% 81.24%
5 Yr -0.1%* -7.3% 191.1% 63.83%
10 Yr N/A* -2.6% 73.7% N/A

* Annualized

Return Ranking - Calendar

Period BAISX Return Category Return Low Category Return High Rank in Category (%)
2023 -0.3% -16.2% 8.1% 94.95%
2022 -15.2% -34.7% 131.9% 23.14%
2021 -3.0% -11.6% 4.4% 36.57%
2020 4.6% -10.1% 946.1% 41.58%
2019 4.6% -1.7% 16.9% 76.66%

Total Return Ranking - Trailing

Period BAISX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.2% -4.6% 5.4% 88.44%
1 Yr 2.0% -7.2% 13.2% 92.04%
3 Yr -3.5%* -10.6% 26.5% 81.24%
5 Yr -0.1%* -7.3% 191.1% 63.83%
10 Yr N/A* -2.6% 73.7% N/A

* Annualized

Total Return Ranking - Calendar

Period BAISX Return Category Return Low Category Return High Rank in Category (%)
2023 3.5% -11.3% 11.0% 96.46%
2022 -13.4% -32.2% 131.9% 43.90%
2021 -0.3% -9.4% 9.2% 29.13%
2020 8.9% -1.9% 1009.0% 35.90%
2019 9.0% 1.1% 21668.0% 45.99%

NAV & Total Return History


BAISX - Holdings

Concentration Analysis

BAISX Category Low Category High BAISX % Rank
Net Assets 593 M 2.9 M 314 B 62.91%
Number of Holdings 167 1 17816 89.22%
Net Assets in Top 10 201 M 1.57 M 34.8 B 59.01%
Weighting of Top 10 36.97% 4.4% 132.5% 23.26%

Top 10 Holdings

  1. United States Treasury Strip Coupon 4.63%
  2. International Bank for Reconstruction Development 4.47%
  3. First American Government Obligations Fund 4.43%
  4. European Investment Bank 4.15%
  5. Inter-American Development Bank 3.86%
  6. Kreditanstalt fuer Wiederaufbau 3.25%
  7. Asian Development Bank 3.24%
  8. United States Treasury Note/Bond 3.18%
  9. United States Treasury Note/Bond 3.02%
  10. Ginnie Mae 2.73%

Asset Allocation

Weighting Return Low Return High BAISX % Rank
Bonds
100.61% 0.00% 211.59% 22.21%
Other
6.89% -16.94% 53.20% 34.54%
Cash
4.43% -54.51% 87.74% 33.53%
Convertible Bonds
0.96% 0.00% 7.93% 68.56%
Stocks
0.00% 0.00% 99.99% 99.20%
Preferred Stocks
0.00% 0.00% 74.98% 98.89%

Bond Sector Breakdown

Weighting Return Low Return High BAISX % Rank
Securitized
36.21% 0.00% 98.40% 31.34%
Corporate
29.35% 0.00% 100.00% 51.42%
Government
19.92% 0.00% 86.23% 60.65%
Cash & Equivalents
4.43% 0.00% 83.04% 33.23%
Municipal
2.88% 0.00% 100.00% 11.26%
Derivative
0.03% -9.72% 50.66% 47.94%

Bond Geographic Breakdown

Weighting Return Low Return High BAISX % Rank
US
100.61% 0.00% 211.59% 21.05%
Non US
0.00% 0.00% 33.48% 99.09%

BAISX - Expenses

Operational Fees

BAISX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.47% 0.01% 39.10% 77.02%
Management Fee 0.30% 0.00% 1.76% 35.40%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.50% N/A

Sales Fees

BAISX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

BAISX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 1.00% 1.00% 2.00% 94.74%

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.

BAISX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 89.00% 2.00% 493.39% 39.79%

BAISX - Distributions

Dividend Yield Analysis

BAISX Category Low Category High BAISX % Rank
Dividend Yield 4.55% 0.00% 10.11% 34.17%

Dividend Distribution Analysis

BAISX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annual Monthly Monthly

Net Income Ratio Analysis

BAISX Category Low Category High BAISX % Rank
Net Income Ratio 1.56% -1.28% 4.79% 58.96%

Capital Gain Distribution Analysis

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

Distributions History

View More +

BAISX - Fund Manager Analysis

Managers

Amy Hauter


Start Date

Tenure

Tenure Rank

Aug 04, 2017

4.82

4.8%

Amy is a partner and portfolio manager and head of sustainable fixed income at Brown Advisory. She is a portfolio manager on Brown Advisory’s sustainable fixed income strategies which include our Sustainable Core, Tax-Exempt Sustainable and Sustainable Short Duration composites. In 2018, Amy received recognition as a Rising Star from Fund Action and Fund Directions for her work in building out Brown Advisory’s sustainable fixed income platform. She has held numerous speaking engagements, including the United Nations Sustainable Investing Summit in 2019. Amy joined the firm in 2012 and previously worked in fixed income client service at Morgan Stanley.

Colby Stilson


Start Date

Tenure

Tenure Rank

Apr 22, 2022

0.11

0.1%

Colby Stilson is a partner and portfolio manager in the global sustainable fixed income team. He joined Brown Advisory after three years as an investor and operator within private markets, most recently as a partner and executive at TIFIN Group. Prior to that, Colby spent 18 years as an investor in public markets managing credit portfolios and covering industries including TMT, financials, energy, industrials, and sovereigns. His most recent role was at ArrowMark Partners where his responsibilities included research, trading, and portfolio management. He helped lead efforts to build, launch, and manage a corporate credit research platform. Prior to joining ArrowMark, in 2013, Colby helped lead efforts to launch a global fixed income business at Janus Henderson Investors (formerly known as Janus Capital) in London, UK. The first half of his career at Janus was primarily focused on credit and equity research. He began his career within telecommunications M&A at Lumen (formerly known as Level 3 Communications).

Christopher Diaz


Start Date

Tenure

Tenure Rank

Apr 22, 2022

0.11

0.1%

Chris Diaz is a partner and portfolio manager in the global sustainable fixed income team. Prior to joining Brown Advisory in January 2021, Chris was Co-Head of Global Bonds at Janus Henderson Investors, where he managed a team of portfolio managers and analysts across three continents. He was the Lead Manager of the Janus Henderson Global Bond Fund and all related portfolios as well as the Janus Henderson Horizon Total Return Bond Fund. Chris was responsible for developing the global investment process and setting currency, interest rate and asset allocation policy for Janus Henderson global multi-sector portfolios. Prior to joining Janus Capital in 2011, Chris was the Head of Global Rates at ING Investment Management where he was responsible for global macro strategies and oversaw the interest rate, currency and derivative trading desk. He was the Co-Portfolio Manager of the ING Global Bond Fund and all related portfolios. He began his career at SunTrust Equitable Securities in 1997, where he served as a fixed income portfolio analyst. Chris received his Bachelor of Science degree in business administration from the University of South Carolina and earned an MBA with a concentration in finance from Emory University, Goizueta Business School.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 33.43 6.78 1.16