Morningstar

Brown Advisory Mortgage Securities Fund Institutional Shares BAFZX

Morningstar Medalist Rating
Medalist Rating as of | See Brown Advisory Investment Hub
  • NAV / 1-Day Return 9.07  /  −0.11 %
  • Total Assets 268.8M
  • Adj. Expense Ratio
    0.460%
  • Expense Ratio 0.450%
  • Distribution Fee Level Below Average
  • Share Class Type Institutional
  • Category Government Mortgage-Backed Bond
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 1M
  • Status Open
  • TTM Yield 4.57%
  • Effective Duration —

USD | NAV as of Jun 13, 2026 | 1-Day Return as of Jun 13, 2026, 1:23 AM GMT+0

Morningstar’s Analysis BAFZX

Will BAFZX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable BAFZX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the BAFZX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of BAFZX’s parent organization’s priorities and whether they’re in line with investors’ interests.

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

Brown Advisory Mortgage Securities Instl holds a quantitatively derived Neutral Morningstar Medalist Rating. The rating suggests the model does not express a clear expectation of outperformance or underperformance relative to peers over a full market cycle.

by Morningstar Automated Analysis
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Portfolio Holdings BAFZX

More BAFZX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 8.1
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

First American Government Obligs Z

8.18 27M
Cash and Equivalents

Federal National Mortgage Association

6.37 21M
Securitized

Cash Offset

5.77 19M
—

Federal National Mortgage Association

3.15 10M
Securitized

Federal National Mortgage Association

2.49 8M
Securitized

Federal National Mortgage Association

1.38 5M
Securitized

10 Year Treasury Note Future June 26

1.37 4M
Government

Federal National Mortgage Association

1.36 4M
Securitized

Federal Home Loan Mortgage Corp. 6%

1.19 4M
Securitized

Ultra 10 Year US Treasury Note Future June 26

1.01 3M
Government

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