Brown Advisory Intermediate Income (BIAIX) Fund Profile
The Fund seeks to provide a high level of current income consistent with preservation of principal within an intermediate-term maturity structure.
The Fund invests in fixed income securities that primarily have a maturity between 1 and 10 years. Normally, the Fund’s maturity, duration and sector allocations will be generally reflective of its benchmark, Bloomberg Barclays Intermediate Aggregate Bond Index.
To learn more, read about the Intermediate Income Strategy by clicking here.
|(As of September 30, 2018 )||3-month||1-year||3-year||5-year||10-year||Since Inception|
|Intermediate Income (Inv.)||0.14%||-0.69%||1.19%||1.55%||2.97%||4.27%|
|Bloomberg Barclays Intermediate Aggregate Bond Index||0.11%||-0.93%||0.95%||1.70%||3.31%||4.71%|
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)||BIAIX||BAIAX|
|30-Day SEC Yield pre-waiver||3.01%||2.76%|
|30-Day SEC Yield post-waiver||3.07%||2.82%|
|12-Month Distribution Yield||2.49%||2.29%|
Top 10 Holdings
|(As of September 30, 2018)|
|1.||Brown Advisory Mortgage Securities Fund||18.61%|
|2.||United States Treasury Note/Bond, 2.88% Due 05/15/2028||8.25%|
|3.||United States Treasury Note/Bond, 1.88% Due 08/31/2022||5.00%|
|4.||First American Government Obligations Fund, 2.00%||4.51%|
|5.||United States Treasury Note/Bond, 1.38% Due 02/29/2020||3.27%|
|6.||Fannie Mae Pool AY3879, 3.50% Due 11/01/2045||2.16%|
|7.||United States Treasury Note/Bond, 1.50% Due 08/15/2026||1.72%|
|8.||County of Miami-Dade FL Aviation Revenue, 2.37% Due 10/01/2023||1.47%|
|9.||Fannie Mae Pool AB9339, 3.00% Due 05/01/2043||1.38%|
|10.||Freddie Mac Gold Pool Q25749, 4.00% Due 04/01/2044||1.27%|
*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.