Brown Advisory Total Return (BIATX) Fund Profile
The Brown Advisory Total Return Fund seeks to provide a competitive total return consistent with the preservation of principal.
The Fund seeks to achieve the investment objective by investing at least 80% of the value of its net assets in fixed income securities, such as U.S. Government securities, corporate fixed income securities (including junk bonds), mortgage-backed and asset-backed securities.
To learn more, read about the Core Fixed Income Strategy by clicking here.
The Fund invests in fixed-income securities that primarily have a maturity that is between zero 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 five and nine years and an average duration of three to seven years. Duration is a measurement of price sensitivity to interest rate changes.
|(As of September 30, 2018 )||3-month||1-year||3-year||Since Inception|
|Total Return Fund (Inv.)||0.08%||-0.49%||2.15%||1.79%|
|Bloomberg Barclays Aggregate Bond Index||0.02%||-1.22%||1.31%||1.47%|
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)|
|30-Day SEC Yield Institutional||3.73%|
|30-Day SEC Yield Investor||3.67%|
|(As of September 30, 2018)|
Top 10 Holdings
|(As of September 30, 2018)|
|1.||First American Government Obligations Fund, 2.00%||7.19%|
|2.||United States Treasury Note/Bond, 0.88% Due 10/15/2018||6.06%|
|3.||Freddie Mac Gold Pool, 3.50%||2.69%|
|4.||Neuberger Berman Loan Advisers CLO 26 Ltd 2017-26A A, 3.50% Due 10/18/2030||1.37%|
|5.||Goldentree Loan Opportunities XI Ltd 2015-11A AR2, 3.40% Due 01/18/2031||1.37%|
|6.||District of Columbia, 5.71% Due 08/01/2038||1.36%|
|7.||Octagon Investment Partners 36 Ltd 2018-1A A1, 3.31% Due 04/15/2031||1.36%|
|8.||Santander Drive Auto Receivables Trust 2015-4 2015-4 C, 2.97% Due 03/15/2021||1.15%|
|9.||Freddie Mac Multifamily Structured Pass Through CertificatesK728 A2, 3.06% Due 08/25/2024||1.15%|
|10.||BWX Technologies Inc, 5.38% Due 07/15/2026||1.07%|
*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.