Brown Advisory Tax-Exempt Sustainable Bond Fund (BITEX)
Under normal circumstances, the fund will invest at least 80% of the value of its net assets in fixed income securities the interest of which is exempt from Federal income taxes, that do not subject shareholders to the federal alternative minimum tax, and that have either a bond issuer or a use of proceeds of the bond issuance that satisfies the fund's ESG criteria. It is non-diversified.
Fund Info
US1152333480
115233348
Dec 1, 2019
$100
Expense Ratio
BITEX has an expense ratio of 0.49%, 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 Tax-Exempt Sustainable 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 Tax-Exempt Sustainable Bond Fund (BITEX) returned -0.28% year-to-date (YTD) and 2.18% over the past 12 months.
BITEX
-0.28%
1.34%
0.44%
2.18%
0.88%
N/A
^GSPC (Benchmark)
-3.70%
13.67%
-5.18%
9.18%
14.14%
10.43%
Monthly Returns
The table below presents the monthly returns of BITEX, 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 | 0.40% | 1.04% | -1.35% | -0.35% | -0.00% | -0.28% | |||||||
| 2024 | -0.47% | 0.17% | 0.08% | -0.80% | -0.13% | 1.65% | 0.86% | 0.75% | 0.95% | -1.11% | 1.40% | -1.00% | 2.32% |
| 2023 | 1.92% | -1.50% | 1.39% | 0.06% | -0.37% | 0.50% | 0.39% | -0.80% | -2.26% | -1.40% | 4.97% | 2.20% | 4.98% |
| 2022 | -2.36% | -0.61% | -3.56% | -2.41% | 0.58% | -1.15% | 1.83% | -1.62% | -2.58% | -0.48% | 3.52% | -0.12% | -8.80% |
| 2021 | 0.71% | -1.27% | 0.62% | 0.91% | 0.50% | 0.41% | 0.90% | -0.27% | -0.66% | -0.19% | 0.80% | -0.86% | 1.58% |
| 2020 | 1.92% | 1.39% | -4.80% | -2.21% | 2.31% | 1.03% | 1.33% | -0.29% | -0.09% | -0.19% | 1.12% | 0.71% | 2.03% |
| 2019 | 0.19% | 0.19% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of BITEX is 54, 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 Tax-Exempt Sustainable Bond Fund (BITEX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Brown Advisory Tax-Exempt Sustainable Bond Fund provided a 3.66% dividend yield over the last twelve months, with an annual payout of $0.33 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Dividend | $0.33 | $0.33 | $0.31 | $0.17 | $0.14 | $0.14 | $0.01 |
Dividend yield | 3.66% | 3.62% | 3.36% | 1.90% | 1.38% | 1.39% | 0.09% |
Monthly Dividends
The table displays the monthly dividend distributions for Brown Advisory Tax-Exempt Sustainable 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 | $0.02 | $0.03 | $0.03 | $0.00 | $0.11 | |||||||
| 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 | $0.33 |
| 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 | $0.31 |
| 2022 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.17 |
| 2021 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.14 |
| 2020 | $0.01 | $0.01 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.14 |
| 2019 | $0.01 | $0.01 |
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 Tax-Exempt Sustainable 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 Sustainable Bond Fund was 13.23%, occurring on Oct 25, 2022. The portfolio has not yet recovered.
The current Brown Advisory Tax-Exempt Sustainable Bond Fund drawdown is 3.48%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -13.23% | Aug 6, 2021 | 308 | Oct 25, 2022 | — | — | — |
| -11.22% | Mar 10, 2020 | 9 | Mar 20, 2020 | 302 | Jun 2, 2021 | 311 |
| -0.39% | Jun 16, 2021 | 7 | Jun 24, 2021 | 7 | Jul 6, 2021 | 14 |
| -0.29% | Feb 4, 2020 | 2 | Feb 5, 2020 | 8 | Feb 18, 2020 | 10 |
| -0.2% | Dec 18, 2019 | 2 | Dec 19, 2019 | 8 | Jan 2, 2020 | 10 |
Volatility
Volatility Chart
The current Brown Advisory Tax-Exempt Sustainable 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.