About BAIAX
Brown Advisory Intermediate Income Fund Advisor Shares is an open-end mutual fund focused on providing stability and total return within investors’ fixed income allocations. The fund’s primary objective is to maximize total return through a diversified portfolio of intermediate-term, high-quality fixed income securities. Its holdings span U.S. Treasury securities, corporate bonds, agency and non-agency mortgage-backed securities, asset-backed securities, and, occasionally, municipal securities. The portfolio typically maintains a weighted average maturity of 3 to 10 years and an average duration of 2 to 5 years, targeting securities rated in the top four categories by major credit rating agencies. The fund’s investment approach allows for active management of sector allocations and maturities in response to changing market and interest rate conditions. As of June 2024, notable allocations were to U.S. Treasury securities, mortgage-backed bonds, and corporate credits, with a portion held in affiliated mutual funds. Brown Advisory Intermediate Income Fund Advisor Shares serves investors seeking fixed income diversification, capital preservation, and risk-adjusted yield in the intermediate bond market segment.
Fund Family Brown Advisory Funds
Category Intermediate Core-Plus Bond
Performance Rating Low
Risk Rating High
Stock Exchange NASDAQ
Ticker Symbol BAIAX
Share Class Advisor Shares
Index Bloomberg Intermediate U.S. Aggregate TR
BAIAX had a total return of 3.45% in the past year, including dividends.
Since the fund's inception, the average annual return has been 0.85%.
