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
US1152337515
115233751
Dec 20, 2000
$100
Expense Ratio
BIAMX has an expense ratio of 0.47%, 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 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 (BIAMX) returned -0.58% year-to-date (YTD) and 1.43% over the past 12 months. Over the past 10 years, BIAMX returned 1.53% annually, underperforming the S&P 500 benchmark at 10.43%.
BIAMX
-0.58%
1.36%
-0.01%
1.43%
1.28%
1.53%
^GSPC (Benchmark)
-3.70%
13.67%
-5.18%
9.18%
14.14%
10.43%
Monthly Returns
The table below presents the monthly returns of BIAMX, 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 | 0.50% | 1.08% | -1.52% | -0.82% | 0.21% | -0.58% | |||||||
| 2024 | -0.34% | 0.15% | -0.03% | -0.85% | -0.44% | 1.71% | 0.78% | 0.68% | 1.18% | -1.41% | 1.40% | -1.12% | 1.66% |
| 2023 | 2.30% | -1.69% | 1.38% | 0.04% | -0.46% | 0.56% | 0.35% | -0.86% | -1.90% | -0.67% | 4.54% | 2.21% | 5.75% |
| 2022 | -2.24% | -0.59% | -2.60% | -2.19% | 0.70% | -1.31% | 2.46% | -1.69% | -2.85% | -0.61% | 3.31% | 0.15% | -7.41% |
| 2021 | 0.76% | -1.28% | 0.30% | 0.84% | 0.47% | 0.28% | 0.74% | -0.27% | -0.74% | -0.18% | 0.65% | 0.09% | 1.62% |
| 2020 | 1.70% | 1.20% | -4.72% | -2.34% | 2.53% | 1.14% | 1.33% | -0.35% | 0.29% | -0.16% | 1.14% | 0.76% | 2.33% |
| 2019 | 0.62% | 0.60% | 1.28% | 0.22% | 1.17% | 0.50% | 0.47% | 1.20% | -0.82% | -0.09% | -0.09% | 0.10% | 5.27% |
| 2018 | -0.36% | -0.09% | 0.21% | -0.27% | 0.70% | 0.12% | 0.21% | 0.11% | -0.36% | -0.45% | 0.71% | 0.90% | 1.43% |
| 2017 | 0.67% | 0.53% | 0.18% | 0.55% | 1.13% | -0.20% | 0.48% | 0.56% | -0.36% | 0.20% | -0.47% | 0.58% | 3.91% |
| 2016 | 1.13% | 0.18% | 0.10% | 0.46% | 0.10% | 1.11% | 0.09% | 0.18% | -0.28% | -0.56% | -2.98% | 0.47% | -0.06% |
| 2015 | 1.26% | -0.97% | 0.13% | -0.33% | -0.24% | -0.23% | 0.43% | 0.26% | 0.45% | 0.17% | 0.17% | 0.58% | 1.66% |
| 2014 | 0.93% | 0.71% | -0.30% | 0.83% | 0.83% | -0.02% | -0.57% | 0.79% | 0.04% | 0.42% | -0.05% | 0.37% | 4.05% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of BIAMX is 44, 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 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 provided a 3.13% dividend yield over the last twelve months, with an annual payout of $0.30 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.30 | $0.32 | $0.30 | $0.24 | $0.24 | $0.27 | $0.30 | $0.27 | $0.24 | $0.24 | $0.20 | $0.20 |
Dividend yield | 3.13% | 3.29% | 2.99% | 2.50% | 2.26% | 2.48% | 2.71% | 2.56% | 2.22% | 2.29% | 1.82% | 1.87% |
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 | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.03 | $0.03 | $0.03 | $0.00 | $0.00 | $0.08 | |||||||
| 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 | $0.32 |
| 2023 | $0.02 | $0.02 | $0.03 | $0.02 | $0.03 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.30 |
| 2022 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.24 |
| 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 | $0.24 |
| 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 | $0.27 |
| 2019 | $0.03 | $0.02 | $0.03 | $0.02 | $0.03 | $0.02 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.30 |
| 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 | $0.27 |
| 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 | $0.24 |
| 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 | $0.24 |
| 2015 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $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 | $0.02 | $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 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. Recovery took 484 trading sessions.
The current Brown Advisory Maryland Bond Fund drawdown is 2.13%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -11.4% | Aug 6, 2021 | 308 | Oct 25, 2022 | 484 | Sep 30, 2024 | 792 |
| -10.22% | Mar 3, 2020 | 14 | Mar 20, 2020 | 217 | Jan 29, 2021 | 231 |
| -5.26% | 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 | 33 | Aug 1, 2003 | 112 | Jan 12, 2004 | 145 |
Volatility
Volatility Chart
The current Brown Advisory Maryland Bond Fund volatility is 2.70%, 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.