Brown Advisory Mortgage Securities Fund (BIAZX)

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Brown Advisory Mortgage Securities Fund (BIAZX) is down 0.1% since the beginning of the year. BIAZX is currently trading at $9 per share. Investors who bought $1,000 worth of BIAZX shares 5 years ago would now be looking at an investment worth $1,010.

Brown Advisory Mortgage Securities Fund (BIAZX) has returned -0.07% so far this year and 3.36% over the past 12 months. Over the last ten years, BIAZX has returned 1.44% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.

Based on dividend-adjusted daily data since Dec 30, 2013, BIAZX's average daily return is +0.01%, while the average monthly return is +0.17%. At this rate, an investment would double in approximately 34.0 years.

Historically, 61% of months were positive and 39% were negative. The best month was Nov 2023 with a return of +4.6%, while the worst month was Sep 2022 at -4.2%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 9 months.

On a daily basis, BIAZX closed higher 40% of trading days. The best single day was Nov 10, 2022 with a return of +2.1%, while the worst single day was Sep 26, 2022 at -1.4%.

Brown Advisory Mortgage Securities Fund has an annualized alpha of 1.94%, beta of 0.01, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since December 30, 2013.

• This fund participated in 10.64% of S&P 500 Index downside but only 10.53% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.01 may look defensive, but with R2 of 0.00 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.00 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

BIAZX has an expense ratio of 0.49%, placing it in the medium range.

BIAZX ranks 28 for risk / return — above 28% of mutual funds peers on PortfoliosLab. Its historical combined result is below the peer median.

Brown Advisory Mortgage Securities Fund provided a 4.16% dividend yield over the last twelve months, with an annual payout of $0.37 per share. The fund has been increasing its distributions for 4 consecutive years.

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

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.

The table below displays the maximum drawdowns of the Brown Advisory Mortgage Securities 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 Mortgage Securities Fund was 15.95%, occurring on Oct 19, 2023. Recovery took 496 trading sessions.

The current Brown Advisory Mortgage Securities Fund drawdown is 2.20%.

The chart below shows the rolling one-month volatility.