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Brown Advisory Intermediate Income Fund (BAIAX)

Mutual Fund · Currency in USD · Last updated Apr 1, 2023

The fund normally invests at least 80% of the value of its net assets (plus any borrowings for investment purposes) in fixed income securities such as U.S. government securities, corporate fixed income securities, mortgage-backed and asset-backed securities. It 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. It may invest in derivatives instruments.

Share Price Chart


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Performance

The chart shows the growth of $10,000 invested in Brown Advisory Intermediate Income Fund in Oct 2022 and compares it to the S&P 500 index or another benchmark. It would be worth nearly $16,050 for a total return of roughly 60.50%. All prices are adjusted for splits and dividends.


50.00%100.00%150.00%200.00%250.00%300.00%350.00%400.00%NovemberDecember2023FebruaryMarch
60.50%
379.54%
BAIAX (Brown Advisory Intermediate Income Fund)
Benchmark (^GSPC)

S&P 500

Compare to other instruments

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Return

Brown Advisory Intermediate Income Fund had a return of 2.03% year-to-date (YTD) and -3.58% in the last 12 months. Over the past 10 years, Brown Advisory Intermediate Income Fund had an annualized return of 0.69%, while the S&P 500 had an annualized return of 10.16%, indicating that Brown Advisory Intermediate Income Fund did not perform as well as the benchmark.


PeriodReturnBenchmark
1 month1.81%3.51%
Year-To-Date2.03%7.03%
6 months3.02%12.88%
1 year-3.58%-10.71%
5 years (annualized)0.55%9.25%
10 years (annualized)0.69%10.16%

Monthly Returns Heatmap


JanFebMarAprMayJunJulAugSepOctNovDec
20232.25%-2.00%
2022-3.34%-1.20%2.38%-0.03%

Sharpe Ratio Chart

The Sharpe ratio shows whether the portfolio's excess returns are due to smart investment decisions or a result of taking a higher risk. The higher a portfolio's Sharpe ratio, the better its risk-adjusted performance.

The current Brown Advisory Intermediate Income Fund Sharpe ratio is -0.60. A negative Sharpe ratio means that the risk-free rate is higher than the portfolio's return. This value does not convey any meaningful information.

The chart below displays rolling 12-month Sharpe Ratio.


-2.50-2.00-1.50-1.00-0.50NovemberDecember2023FebruaryMarch
-0.60
-0.46
BAIAX (Brown Advisory Intermediate Income Fund)
Benchmark (^GSPC)

Dividend History

Brown Advisory Intermediate Income Fund granted a 2.12% dividend yield in the last twelve months. The annual payout for that period amounted to $0.20 per share.


PeriodTTM20222021202020192018201720162015201420132012
Dividend$0.20$0.16$0.19$0.16$0.25$0.24$0.19$0.18$0.24$0.19$0.36$0.44

Dividend yield

2.12%1.74%1.83%1.54%2.46%2.51%2.08%1.97%2.63%2.10%4.13%4.96%

Monthly Dividends

The table displays the monthly dividend distributions for Brown Advisory Intermediate Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDec
2023$0.02$0.02
2022$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.02$0.02$0.02$0.02$0.02
2021$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.11
2020$0.02$0.02$0.02$0.02$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01
2019$0.03$0.02$0.02$0.02$0.02$0.01$0.02$0.02$0.02$0.02$0.02$0.02
2018$0.03$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.01
2017$0.03$0.01$0.02$0.01$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.01
2016$0.01$0.01$0.02$0.01$0.01$0.02$0.01$0.02$0.01$0.01$0.02$0.02
2015$0.01$0.01$0.02$0.01$0.02$0.02$0.02$0.02$0.02$0.02$0.01$0.07
2014$0.01$0.01$0.01$0.02$0.02$0.02$0.02$0.01$0.02$0.01$0.01$0.03
2013$0.01$0.01$0.01$0.02$0.02$0.01$0.01$0.01$0.01$0.01$0.01$0.22
2012$0.02$0.01$0.02$0.02$0.02$0.02$0.02$0.02$0.01$0.02$0.02$0.26

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way.


-25.00%-20.00%-15.00%-10.00%NovemberDecember2023FebruaryMarch
-9.29%
-14.33%
BAIAX (Brown Advisory Intermediate Income Fund)
Benchmark (^GSPC)

Worst Drawdowns

The table below shows the maximum drawdowns of the Brown Advisory Intermediate Income Fund. A maximum drawdown is an indicator of risk. It shows a reduction in portfolio value from its maximum due to a series of losing trades.

The maximum drawdown since January 2010 for the Brown Advisory Intermediate Income Fund is 13.87%, recorded on Oct 20, 2022. The portfolio has not recovered from it yet.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-13.87%Aug 5, 2021306Oct 20, 2022
-9.8%Mar 9, 202013Mar 25, 202076Jul 14, 202089
-5.14%Sep 10, 200837Oct 30, 200847Jan 8, 200984
-4.26%May 3, 201387Sep 5, 2013280Oct 15, 2014367
-3.46%Nov 5, 201067Feb 10, 201173May 26, 2011140
-3.17%Jun 16, 200342Aug 14, 200393Dec 26, 2003135
-2.99%Sep 30, 201655Dec 16, 2016155Aug 1, 2017210
-2.95%Mar 26, 200454Jun 14, 200455Aug 31, 2004109
-2.71%Sep 23, 201155Dec 9, 2011143Jul 9, 2012198
-2.5%Sep 11, 2017173May 17, 2018177Jan 31, 2019350

Volatility Chart

Current Brown Advisory Intermediate Income Fund volatility is 7.24%. The chart below shows the rolling 10-day volatility. Volatility is a statistical measure showing how big price swings are in either direction. The higher asset volatility, the riskier it is, because the price movements are less predictable.


0.00%10.00%20.00%30.00%40.00%NovemberDecember2023FebruaryMarch
7.24%
15.42%
BAIAX (Brown Advisory Intermediate Income Fund)
Benchmark (^GSPC)