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Morningstar

Brown Advisory Tax Exempt Bond Investor BIAEX

Morningstar Medalist Rating
Medalist Rating as of | See Brown Advisory Investment Hub
  • NAV / 1-Day Return 9.29  /  −0.10 %
  • Total Assets 888.5 Mil
  • Adj. Expense Ratio
    0.490%
  • Expense Ratio 0.490%
  • Distribution Fee Level Below Average
  • Share Class Type No Load
  • Category Muni National Interm
  • Credit Quality / Interest Rate Sensitivity Medium/Limited
  • Min. Initial Investment 100
  • Status Open
  • TTM Yield 3.95%
  • Effective Duration 4.33 years

USD | NAV as of Apr 16, 2024 | 1-Day Return as of Apr 16, 2024, 12:08 AM GMT+0

Morningstar’s Analysis BIAEX

Will BIAEX outperform in 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 BIAEX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the BIAEX 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 BIAEX’s parent organization’s priorities and whether they’re in line with investors’ interests.

An incline in its Process Pillar rating is the primary driver of Brown Advisory Tax Exempt Bond Investor's upgrade to a Morningstar Medalist Rating of Bronze from Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The portfolio maintains a sizable cost advantage over competitors, priced within the second-cheapest fee quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings BIAEX

More BIAEX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 21.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

MAIN STR NAT GAS INC GA GAS SUPPLY REV 5.26%

3.27 28.9 Mil
municipal

TOBACCO SETTLEMENT FING CORP RHODE IS 5%

2.68 23.7 Mil
municipal

CHANDLER ARIZ INDL DEV AUTH INDL DEV REV 5%

2.66 23.5 Mil
municipal

BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV 3.99%

2.63 23.2 Mil
municipal

LOVE FIELD ARPT MODERNIZATION CORP TEX GEN ARPT REV 4%

2.03 17.9 Mil
municipal

CLAYTON CNTY GA DEV AUTH REV 5%

1.77 15.7 Mil
municipal

MASSACHUSETTS ST HEALTH & EDL FACS AUTH REV 3.3%

1.70 15.0 Mil
municipal

NEW YORK ST URBAN DEV CORP REV 4%

1.62 14.3 Mil
municipal

ILLINOIS ST TOLL HWY AUTH TOLL HIGHWAY REV 5%

1.60 14.2 Mil
municipal

LANCASTER PORT AUTH OHIO GAS SUPPLY REV 5%

1.55 13.7 Mil
municipal