Brown Advisory Tax Exempt Bond Fund Investor Shares (BIAEX)

Fund Assets	1.27B
Expense Ratio	0.454%
Min. Investment	$100
Turnover	29.00%
Dividend (ttm)	0.36
Dividend Yield	3.96%
Dividend Growth	-0.03%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 30, 2026

Previous Close	8.98
YTD Return	-2.11%
1-Year Return	-0.75%
5-Year Return	1.99%
52-Week Low	8.86
52-Week High	9.58
Beta (5Y)	0.23
Holdings	212
Inception Date	Jun 29, 2012

About BIAEX

Brown Advisory Tax-Exempt Bond Fund Investor Shares is a mutual fund designed to generate a high level of current income that is exempt from federal income tax. The fund primarily invests in a diversified portfolio of high-quality, intermediate-term municipal bonds, with at least 80% of its assets allocated to securities whose interest payments are free from federal income tax and do not subject investors to the federal alternative minimum tax. The fund's strategy emphasizes active management and rigorous bottom-up credit research, allowing it to navigate varying interest rate environments while mitigating risk. Holdings principally involve investment-grade municipal issues across sectors such as general obligation, revenue-backed, and pre-refunded bonds, reflecting a focus on both income generation and capital preservation. Established in 2012, the fund is notable for its competitive expense ratio and monthly income distributions, positioning it as a significant player in the municipal bond market for investors seeking federal tax-exempt income with a controlled risk approach.

• Fund Family: Brown Advisory Funds
• Category: Muni National Interm
• Performance Rating: High
• Risk Rating: Average
• Stock Exchange: Nasdaq
• Ticker Symbol: BIAEX
• Share Class: Investor Shares
• Index: Bloomberg Municipal Bond 1-10 Y Blend TR

Performance

BIAEX had a total return of -0.75% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.32%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
BTEIX	Institutional Shares	0.41%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 30, 2026	$0.03019	Sep 30, 2026
Aug 31, 2026	$0.03122	Aug 31, 2026
Jul 31, 2026	$0.03095	Jul 31, 2026
Jun 30, 2026	$0.03017	Jun 30, 2026
May 29, 2026	$0.03011	May 29, 2026
Apr 30, 2026	$0.02965	Apr 30, 2026

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Oct 16, 2026

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