Brown Advisory Mortgage Securities Fund (BIAZX)
The investment seeks to maximize total return consistent with preservation of capital. The fund normally invests at least 80% of the value of its net assets (plus borrowings for investment purposes) in investment grade mortgage-related securities. It invests in securities of various maturities and durations. The fund may invest in derivatives instruments, such as options, futures contracts, including interest rate futures, and options on futures.
Fund Info
| ISIN | US1152335873 |
|---|---|
| CUSIP | 115233587 |
| Issuer | Brown Advisory Funds |
| Inception Date | Dec 25, 2013 |
| Category | Government Bonds |
| Min. Investment | $100 |
| Asset Class | Bond |
Expense Ratio
BIAZX has a high expense ratio of 0.49%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Popular comparisons: BIAZX vs. QQQ
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Brown Advisory Mortgage Securities 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 Mortgage Securities Fund had a return of -2.22% year-to-date (YTD) and -1.62% in the last 12 months. Over the past 10 years, Brown Advisory Mortgage Securities Fund had an annualized return of 1.10%, while the S&P 500 had an annualized return of 10.64%, indicating that Brown Advisory Mortgage Securities Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | -2.22% | 7.50% |
| 1 month | -0.64% | -1.61% |
| 6 months | 3.64% | 17.65% |
| 1 year | -1.62% | 26.26% |
| 5 years (annualized) | 0.00% | 11.73% |
| 10 years (annualized) | 1.10% | 10.64% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.30% | -1.43% | 0.81% | -2.75% | ||||||||
| 2023 | -1.94% | 4.57% | 3.98% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of BIAZX is 3, indicating that it is in the bottom 3% of the market in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Brown Advisory Mortgage Securities Fund(BIAZX)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Brown Advisory Mortgage Securities Fund (BIAZX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Brown Advisory Mortgage Securities Fund granted a 4.12% dividend yield in the last twelve months. The annual payout for that period amounted to $0.36 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.36 | $0.33 | $0.21 | $0.08 | $0.10 | $0.21 | $0.27 | $0.20 | $0.30 | $0.32 | $0.33 |
Dividend yield | 4.12% | 3.65% | 2.33% | 0.75% | 0.98% | 2.12% | 2.77% | 2.03% | 3.02% | 3.19% | 3.26% |
Monthly Dividends
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.03 | $0.03 | $0.03 | $0.03 | ||||||||
| 2023 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 |
| 2022 | $0.00 | $0.01 | $0.02 | $0.02 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.01 | $0.00 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 |
| 2020 | $0.01 | $0.01 | $0.01 | $0.02 | $0.01 | $0.01 | $0.00 | $0.01 | $0.01 | $0.00 | $0.01 | $0.01 |
| 2019 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.01 | $0.02 |
| 2018 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 |
| 2017 | $0.01 | $0.01 | $0.02 | $0.01 | $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 | $0.09 |
| 2015 | $0.03 | $0.02 | $0.03 | $0.02 | $0.04 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.06 |
| 2014 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.11 |
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 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. The portfolio has not yet recovered.
The current Brown Advisory Mortgage Securities Fund drawdown is 9.89%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -15.95% | Aug 5, 2021 | 556 | Oct 19, 2023 | — | — | — |
| -4.29% | Mar 10, 2020 | 12 | Mar 25, 2020 | 62 | Jun 23, 2020 | 74 |
| -3.95% | Oct 4, 2016 | 53 | Dec 16, 2016 | 179 | Sep 5, 2017 | 232 |
| -2.61% | Sep 8, 2017 | 173 | May 16, 2018 | 157 | Dec 31, 2018 | 330 |
| -1.36% | Apr 28, 2015 | 44 | Jun 26, 2015 | 25 | Aug 3, 2015 | 69 |
Volatility
Volatility Chart
The current Brown Advisory Mortgage Securities Fund volatility is 2.26%, 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.