Brown Advisory Sustainable Bond (BASBX) Fund Profile
The Brown Advisory Sustainable Bond Fund (the "Fund") seeks to provide a competitive total return consistent with preservation of principal while giving special consideration to certain environmental, social and governance (ESG) criteria.
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 borrowings for investment purposes) in fixed income securities of issuers that satisfy the Fund's ESG criteria.
To learn more, read about the Sustainable Core Fixed Income Strategy by clicking here.
To learn more about Brown Advisory’s sustainable investing capabilities, please click here.
The Fund invests in corporate, municipal, mortgage-backed and asset-backed fixed income securities that are issued as “Green Bonds” or that otherwise meet the Fund’s ESG criteria. Additionally, the Fund also invests in securities issued by the U.S. Government and foreign government entities that are both dollar-and non-dollar-denominated. Under normal circumstances, the Fund’s portfolio will seek to have an average dollar weighted maturity between six and eleven years and an average duration of three to seven years. Duration is a measurement of a fixed income security’s price sensitivity to interest rate changes.
|(As of September 30, 2018 )||3-month||1-year||3-year||Since Inception|
|Sustainable Bond Fund (Inv.)||-0.24%||-1.27%||N/A||-1.32%|
|Bloomberg Barclays Aggregate Bond Index||0.02%||-1.22%||N/A||-0.90%|
Performance data quoted represents past performance and is no guarantee of future results. Current performance may be lower or higher than the performance data quoted. Investment return and principal value will fluctuate so that an investor's shares, when redeemed, may be worth more or less than original cost. Click here for the monthly and quarterly performance information.
Performance data does not reflect the 1.00% fee on shares redeemed or exchanged within 14 days of purchase, and if it had, returns would be lower.
|(As of October 31, 2018)||BASBX||BAISX|
|30-Day SEC Yield pre-waiver||3.35%||3.40%|
|30-Day SEC Yield post-waiver||3.33%||3.38%|
|12-Month Distribution Yield||N/A||N/A|
Top 10 Holdings
|(As of September 30, 2018)|
|1.||United States Treasury Note/Bond, 2.88% Due 08/15/2028||6.18%|
|2.||Fannie Mae-Aces 2018-M2 A2, 3.00% Due 01/25/2028||2.34%|
|3.||Fannie Mae-Aces 2018-M8 A2, 3.44% Due 06/25/2028||2.03%|
|4.||International Finance Corp, 2.00% Due 10/24/2022||1.89%|
|5.||Fannie Mae-Aces 2018-M2 A1, 2.90% Due 01/25/2028||1.88%|
|6.||University of Pittsburgh-of the Commonwealth System of Higher Education, 3.65% Due 09/15/2036||1.88%|
|7.||Equinix Inc, 5.88% Due 01/15/2026||1.88%|
|8.||First American Government Obligations Fund, 2.00%||1.85%|
|9.||United States Treasury Note/Bond, 0.88% Due 10/15/2018||1.75%|
|10.||Ball Corp, 4.88% Due 03/15/2026||1.67%|
*The minimum investment requirements are waived for qualified retirement plans under Section 401(a) of the Internal Revenue Code ("IRC"), and plans operating consistent with 403(a), 403(b), 408, 408(A), 457, 501(c) and 223(d) of the IRC.
Fund holdings and sector allocations are subject to change and should not be considered a recommendation to buy or sell any security.
Click here for index and financial term definitions.