Brown Advisory Maryland Bond Fund (BIAMX)
The fund normally invests at least 80% of the value of its net assets (plus any borrowings for investment purposes) in Maryland bonds, including bonds issued on behalf of the State of Maryland, its local governments and public financing authorities. It may also invest in municipal securities issued by other states, U.S. territories, and possessions, U.S. government securities, general obligation securities and revenue securities, including private activity bonds.
Fund Info
| ISIN | US1152337515 |
|---|---|
| CUSIP | 115233751 |
| Issuer | Brown Advisory Funds |
| Inception Date | Dec 20, 2000 |
| Category | Municipal Bonds |
| Min. Investment | $100 |
| Asset Class | Bond |
Expense Ratio
BIAMX has a high expense ratio of 0.47%, indicating higher-than-average management fees.
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 Maryland 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 Maryland Bond Fund had a return of -1.33% year-to-date (YTD) and 2.41% in the last 12 months. Over the past 10 years, Brown Advisory Maryland Bond Fund had an annualized return of 1.43%, while the S&P 500 had an annualized return of 10.37%, indicating that Brown Advisory Maryland Bond Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | -1.33% | 5.57% |
| 1 month | -1.11% | -4.16% |
| 6 months | 5.43% | 20.07% |
| 1 year | 2.41% | 20.82% |
| 5 years (annualized) | 0.58% | 11.56% |
| 10 years (annualized) | 1.43% | 10.37% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.34% | 0.15% | -0.03% | |||||||||
| 2023 | -0.67% | 4.54% | 2.21% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of BIAMX is 33, suggesting that the investment has average results relative to the market in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Brown Advisory Maryland Bond Fund(BIAMX)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Brown Advisory Maryland Bond Fund (BIAMX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Brown Advisory Maryland Bond Fund granted a 2.88% dividend yield in the last twelve months. The annual payout for that period amounted to $0.28 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.28 | $0.30 | $0.26 | $0.24 | $0.27 | $0.15 | $0.27 | $0.24 | $0.28 | $0.25 | $0.26 | $0.29 |
Dividend yield | 2.88% | 2.98% | 2.69% | 2.26% | 2.46% | 1.36% | 2.56% | 2.22% | 2.66% | 2.30% | 2.37% | 2.73% |
Monthly Dividends
The table displays the monthly dividend distributions for Brown Advisory Maryland 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.03 | $0.03 | $0.03 | |||||||||
| 2023 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 |
| 2022 | $0.04 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 |
| 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 |
| 2020 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 |
| 2019 | $0.03 | $0.02 | $0.03 | $0.02 | $0.03 | $0.02 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2018 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 |
| 2017 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 |
| 2016 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.06 |
| 2015 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.07 |
| 2014 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.02 | $0.02 | $0.07 |
| 2013 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.10 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Brown Advisory Maryland 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 Maryland Bond Fund was 11.40%, occurring on Oct 25, 2022. The portfolio has not yet recovered.
The current Brown Advisory Maryland Bond Fund drawdown is 3.83%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -11.4% | Aug 6, 2021 | 308 | Oct 25, 2022 | — | — | — |
| -10.21% | Mar 3, 2020 | 14 | Mar 20, 2020 | 217 | Jan 29, 2021 | 231 |
| -5.25% | Sep 12, 2008 | 26 | Oct 17, 2008 | 54 | Jan 6, 2009 | 80 |
| -4.72% | Mar 12, 2004 | 44 | May 13, 2004 | 184 | Feb 4, 2005 | 228 |
| -4.66% | Jun 16, 2003 | 34 | Aug 1, 2003 | 112 | Jan 12, 2004 | 146 |
Volatility
Volatility Chart
The current Brown Advisory Maryland Bond Fund volatility is 0.69%, 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.