Brown Advisory Tax Exempt Bond Fund (BIAEX)
The investment seeks to provide a high level of current income exempt from Federal income tax by investing primarily in intermediate-term investment grade municipal bonds. The fund normally will invest at least 80% of the fund's net assets (plus borrowings for investment purposes) in securities the interest of which is exempt from Federal income taxes and that do not subject shareholders to the federal alternative minimum tax ("AMT"). It may invest up to 20% of its assets in securities that may fully subject shareholders to Federal income tax, including the AMT.
Fund Info
US1152331088
115233108
Jun 28, 2012
$100
Expense Ratio
BIAEX has an expense ratio of 0.46%, placing it in the medium range.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Brown Advisory Tax Exempt Bond Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Brown Advisory Tax Exempt Bond Fund (BIAEX) returned -0.46% year-to-date (YTD) and 1.88% over the past 12 months. Over the past 10 years, BIAEX returned 2.14% annually, underperforming the S&P 500 benchmark at 10.43%.
BIAEX
-0.46%
1.33%
0.19%
1.88%
2.09%
2.14%
^GSPC (Benchmark)
-3.70%
13.67%
-5.18%
9.18%
14.14%
10.43%
Monthly Returns
The table below presents the monthly returns of BIAEX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.43% | 1.15% | -1.60% | -0.43% | 0.00% | -0.46% | |||||||
| 2024 | -0.30% | 0.21% | 0.23% | -0.95% | -0.19% | 1.75% | 0.77% | 0.66% | 1.07% | -1.26% | 1.50% | -1.05% | 2.40% |
| 2023 | 2.27% | -1.21% | 1.52% | 0.21% | -0.10% | 0.55% | 0.42% | -0.74% | -1.74% | -1.20% | 4.64% | 2.51% | 7.17% |
| 2022 | -2.59% | -0.70% | -3.10% | -2.47% | 1.19% | -1.76% | 2.41% | -1.78% | -2.97% | -0.83% | 3.55% | 0.07% | -8.86% |
| 2021 | 0.98% | -1.34% | 0.70% | 0.89% | 0.69% | 0.50% | 0.79% | -0.35% | -0.74% | -0.27% | 0.79% | 0.17% | 2.79% |
| 2020 | 1.87% | 1.73% | -6.57% | -1.99% | 2.81% | 1.73% | 1.61% | -0.08% | -0.17% | -0.17% | 1.89% | 1.09% | 3.44% |
| 2019 | 0.60% | 0.57% | 1.40% | 0.57% | 1.27% | 0.45% | 0.40% | 1.38% | -0.67% | -0.19% | 0.01% | 0.10% | 6.03% |
| 2018 | -0.64% | -0.06% | 0.38% | -0.03% | 1.00% | 0.06% | 0.28% | 0.27% | -0.24% | -0.43% | 0.69% | 0.91% | 2.19% |
| 2017 | 0.37% | 0.44% | 0.27% | 0.56% | 1.17% | -0.05% | 0.47% | 0.66% | -0.04% | 0.27% | -0.05% | 0.77% | 4.94% |
| 2016 | 1.14% | 0.02% | 0.24% | 0.62% | 0.34% | 1.31% | 0.13% | 0.22% | -0.18% | -0.66% | -3.04% | 0.55% | 0.62% |
| 2015 | 1.14% | -1.04% | 0.25% | -0.55% | -0.35% | -0.16% | 0.45% | 0.28% | 0.28% | 0.39% | 0.20% | 0.53% | 1.42% |
| 2014 | 1.30% | 0.78% | -0.02% | 0.90% | 0.99% | -0.04% | -0.44% | 0.96% | 0.04% | 0.36% | 0.14% | 0.45% | 5.55% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of BIAEX is 53, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Brown Advisory Tax Exempt Bond Fund (BIAEX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Brown Advisory Tax Exempt Bond Fund provided a 3.99% dividend yield over the last twelve months, with an annual payout of $0.37 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.37 | $0.37 | $0.36 | $0.28 | $0.26 | $0.26 | $0.31 | $0.32 | $0.31 | $0.28 | $0.20 | $0.20 |
Dividend yield | 3.99% | 4.00% | 3.81% | 3.01% | 2.54% | 2.54% | 3.01% | 3.27% | 3.08% | 2.81% | 2.00% | 1.95% |
Monthly Dividends
The table displays the monthly dividend distributions for Brown Advisory Tax Exempt Bond Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.12 | |||||||
| 2024 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.37 |
| 2023 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.36 |
| 2022 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.28 |
| 2021 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.26 |
| 2020 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.26 |
| 2019 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.31 |
| 2018 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.32 |
| 2017 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.31 |
| 2016 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.28 |
| 2015 | $0.02 | $0.01 | $0.02 | $0.02 | $0.02 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.20 |
| 2014 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.02 | $0.01 | $0.02 | $0.20 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Brown Advisory Tax Exempt Bond Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Brown Advisory Tax Exempt Bond Fund was 12.86%, occurring on Oct 25, 2022. Recovery took 475 trading sessions.
The current Brown Advisory Tax Exempt Bond Fund drawdown is 2.02%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -12.86% | Aug 6, 2021 | 308 | Oct 25, 2022 | 475 | Sep 17, 2024 | 783 |
| -12.79% | Mar 2, 2020 | 15 | Mar 20, 2020 | 201 | Jan 6, 2021 | 216 |
| -4.48% | Mar 3, 2025 | 28 | Apr 9, 2025 | — | — | — |
| -4.24% | May 6, 2013 | 89 | Sep 10, 2013 | 160 | Apr 30, 2014 | 249 |
| -4.15% | Sep 2, 2016 | 63 | Dec 1, 2016 | 172 | Aug 9, 2017 | 235 |
Volatility
Volatility Chart
The current Brown Advisory Tax Exempt Bond Fund volatility is 2.62%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.