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
| ISIN | US1152333480 |
|---|---|
| CUSIP | 115233348 |
| Issuer | Brown Advisory Funds |
| Inception Date | Dec 1, 2019 |
| Category | Municipal Bonds |
| Min. Investment | $100 |
| Asset Class | Bond |
Expense Ratio
BITEX has a high expense ratio of 0.49%, 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 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 had a return of -1.22% year-to-date (YTD) and 1.83% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | -1.22% | 5.21% |
| 1 month | -0.88% | -4.30% |
| 6 months | 5.85% | 18.42% |
| 1 year | 1.83% | 21.82% |
| 5 years (annualized) | N/A | 11.27% |
| 10 years (annualized) | N/A | 10.33% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.47% | 0.17% | 0.08% | -1.10% | ||||||||
| 2023 | -1.39% | 4.98% | 2.20% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of BITEX is 26, 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 Tax-Exempt Sustainable Bond Fund(BITEX)
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 granted a 3.25% dividend yield in the last twelve months. The annual payout for that period amounted to $0.29 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|
| Dividend | $0.29 | $0.31 | $0.18 | $0.24 | $0.14 | $0.00 |
Dividend yield | 3.25% | 3.35% | 2.03% | 2.33% | 1.44% | 0.03% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.03 | $0.03 | $0.03 | $0.00 | ||||||||
| 2023 | $0.02 | $0.02 | $0.03 | $0.02 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 |
| 2022 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 |
| 2021 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.11 |
| 2020 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 |
| 2019 | $0.00 |
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 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 12.30%, occurring on Oct 25, 2022. The portfolio has not yet recovered.
The current Brown Advisory Tax-Exempt Sustainable Bond Fund drawdown is 5.56%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -12.3% | Aug 6, 2021 | 308 | Oct 25, 2022 | — | — | — |
| -11.22% | Mar 10, 2020 | 9 | Mar 20, 2020 | 300 | May 28, 2021 | 309 |
| -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 0.50%, 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.