PortfoliosLab logo
Brown Advisory Tax Exempt Bond Fund (BIAEX)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Fund Info

ISIN

US1152331088

CUSIP

115233108

Inception Date

Jun 28, 2012

Min. Investment

$100

Asset Class

Bond

Expense Ratio

BIAEX has an expense ratio of 0.46%, placing it in the medium range.


Share Price Chart


Loading data...

Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Performance

Performance Chart


Loading data...

S&P 500

Returns By Period

Brown Advisory Tax Exempt Bond Fund (BIAEX) returned -0.57% year-to-date (YTD) and 3.21% over the past 12 months. Over the past 10 years, BIAEX returned 2.28% annually, underperforming the S&P 500 benchmark at 10.84%.


BIAEX

YTD

-0.57%

1M

0.55%

6M

-1.09%

1Y

3.21%

3Y*

2.56%

5Y*

1.63%

10Y*

2.28%

^GSPC (Benchmark)

YTD

0.52%

1M

6.32%

6M

-1.44%

1Y

12.25%

3Y*

12.45%

5Y*

14.20%

10Y*

10.84%

*Annualized

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.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20250.43%1.15%-1.60%-0.43%-0.11%-0.57%
2024-0.29%0.21%0.23%-0.95%-0.19%1.75%0.76%0.66%1.07%-1.26%1.50%-1.05%2.42%
20232.27%-1.22%1.52%0.22%-0.10%0.54%0.42%-0.74%-1.74%-1.20%4.64%2.51%7.16%
2022-2.59%-0.70%-3.10%-2.47%1.19%-1.76%2.41%-1.78%-2.97%-0.82%3.55%0.07%-8.84%
20210.98%-1.34%0.70%0.89%0.69%0.50%0.79%-0.35%-0.74%-0.27%0.78%0.17%2.82%
20201.87%1.73%-6.57%-1.99%2.82%1.73%1.61%-0.08%-0.19%-0.18%1.89%1.09%3.43%
20190.60%0.56%1.40%0.57%1.27%0.45%0.65%1.61%-0.44%0.04%0.22%0.32%7.48%
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%
20170.37%0.44%0.26%0.56%1.18%-0.05%0.47%0.66%-0.04%0.27%-0.05%0.77%4.94%
20161.14%0.02%0.24%0.62%0.34%1.31%0.13%0.23%-0.18%-0.66%-3.04%0.55%0.62%
20151.14%-1.04%0.25%-0.54%-0.35%-0.16%0.45%0.28%0.28%0.39%0.20%0.53%1.42%
20141.30%0.78%-0.02%0.90%0.99%-0.04%-0.44%0.96%0.04%0.36%0.14%0.45%5.55%
Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of BIAEX is 52, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.


The Risk-Adjusted Performance Rank of BIAEX is 5252
Overall Rank
The Sharpe Ratio Rank of BIAEX is 5858
Sharpe Ratio Rank
The Sortino Ratio Rank of BIAEX is 4242
Sortino Ratio Rank
The Omega Ratio Rank of BIAEX is 5555
Omega Ratio Rank
The Calmar Ratio Rank of BIAEX is 5858
Calmar Ratio Rank
The Martin Ratio Rank of BIAEX is 4848
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.


The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

Brown Advisory Tax Exempt Bond Fund Sharpe ratios as of May 30, 2025 (values are recalculated daily):

  • 1-Year: 0.71
  • 5-Year: 0.50
  • 10-Year: 0.65
  • All Time: 0.67

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

The chart below shows the rolling Sharpe ratio of Brown Advisory Tax Exempt Bond Fund compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.


Loading data...

Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

Dividend History

Brown Advisory Tax Exempt Bond Fund provided a 4.00% dividend yield over the last twelve months, with an annual payout of $0.37 per share. The fund has been increasing its distributions for 2 consecutive years.


2.00%2.50%3.00%3.50%4.00%$0.00$0.10$0.20$0.30$0.4020142015201620172018201920202021202220232024
Dividends
Dividend Yield
PeriodTTM20242023202220212020201920182017201620152014
Dividend$0.37$0.37$0.36$0.28$0.31$0.26$0.31$0.32$0.31$0.28$0.20$0.20

Dividend yield

4.00%4.00%3.81%3.01%2.98%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.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
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$0.07$0.31
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.


Loading data...

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 12.84%, occurring on Oct 25, 2022. Recovery took 475 trading sessions.

The current Brown Advisory Tax Exempt Bond Fund drawdown is 2.13%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-12.84%Aug 6, 2021308Oct 25, 2022475Sep 17, 2024783
-12.79%Mar 2, 202015Mar 20, 2020210Jan 20, 2021225
-4.48%Mar 3, 202528Apr 9, 2025
-4.24%May 6, 201385Sep 4, 2013164Apr 30, 2014249
-4.15%Sep 2, 201663Dec 1, 2016172Aug 9, 2017235
Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


Loading data...