Brown Advisory Strategic Bond Fund (BATBX) Profile
The Brown Advisory Strategic Bond Fund seeks to achieve capital appreciation and income with a low correlation to interest rate movements.
The Fund seeks to achieve the investment objective by investing at least 80% of the value of its net assets in a broad set of fixed income securities, such as U.S. Government securities, corporate fixed income securities, high yield bonds, bank loans and collateralized loan obligations, tax-exempt municipal bonds, U.S. Treasury bonds, Treasury inflation-protected securities (TIPS), mortgage-backed and asset-backed securities, and derivatives.
To learn more, read about the Strategic Bond Strategy by clicking here.
The Fund is not managed to a benchmark. This flexibility allows the managers to invest in fixed-income securities of any maturity and/or credit quality rating. Under normal circumstances, the Fund's portfolio will seek to have a duration of one to three years.
Effective October 31, 2014 the Tactical Bond Fund became the Strategic Bond Fund.
|(As of September 30, 2018 )||3-month||1-year||3-year||5-year||Since Inception|
|Strategic Bond Fund (Inst.)||0.97%||1.89%||2.95%||N/A||1.52%|
|Strategic Bond Fund (Inv.)||0.95%||1.68%||2.70%||1.63%||1.17%|
|Bloomberg Barclays Intermediate Aggregate Bond Index||0.11%||-0.93%||0.95%||1.70%||1.72%|
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 November 30, 2018)|
|30-Day SEC Yield - Institutional||4.08%|
|30-Day SEC Yield - Investor||4.03%|
|(As of September 30, 2018)|
Top 10 Holdings
|(As of September 30, 2018)|
|1.||First American Government Obligations Fund, 2.00%||7.92%|
|2.||Fannie Mae Pool, 5.00%||2.48%|
|3.||DT Auto Owner Trust 2016-1 2016-1A D, 4.66% Due 12/15/2022||1.19%|
|4.||Carlyle US Clo 2017-2 Ltd 2017-2A A1B, 3.57% Due 07/20/2031||1.18%|
|5.||Neuberger Berman Loan Advisers CLO 26 Ltd 2017-26A A, 3.50% Due 10/18/2030||1.18%|
|6.||Dollar Tree Inc, 3.04% Due 04/17/2020||1.18%|
|7.||Treman Park CLO Ltd 2015-1A AR, 3.72% Due 04/20/2027||1.18%|
|8.||Goldentree Loan Opportunities XI Ltd 2015-11A AR2, 3.40% Due 01/18/2031||1.18%|
|9.||United States Treasury Bill, 0.00% Due 11/29/2018||1.18%|
|10.||Carlyle Global Market Strategies CLO 2013-4 Ltd 2013-4A A1RR, 3.34% Due 01/15/2031||1.18%|
*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.
The advisor has contractually agreed to waive fees through 10/31/19.
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.