About BIAIX
The Brown Advisory Intermediate Income Fund Investor Shares is an intermediate-term bond mutual fund focused on generating a high level of current income while preserving principal. Its primary objective is to provide stable returns through a diversified portfolio primarily composed of high-quality fixed income securities. The fund allocates at least 80% of its assets to bonds, including U.S. government securities, corporate bonds, mortgage-backed securities, asset-backed securities, and selected municipal bonds.
The fund targets securities with maturities generally ranging from 1 to 10 years and emphasizes holdings rated within the top four tiers by Nationally Recognized Statistical Rating Organizations. Its investing approach seeks a balance between total return and risk management, with typical portfolio characteristics including a dollar-weighted average maturity between 3 and 10 years, and a duration in the range of 2 to 5 years. The portfolio’s composition and risk characteristics are generally aligned with its benchmark, the Bloomberg Intermediate Aggregate Bond Index. As a result, the fund plays a significant role for investors seeking exposure to the intermediate-term bond sector, offering potential for income and relative stability within a fixed income allocation.
Fund Family Brown Advisory Funds
Category Intermediate Core-Plus Bond
Performance Rating Below Average
Risk Rating High
Stock Exchange NASDAQ
Ticker Symbol BIAIX
Share Class Investor Shares
Index Bloomberg Intermediate U.S. Aggregate TR
BIAIX had a total return of 3.50% in the past year, including dividends.
Since the fund's inception, the average annual return has been 2.30%.
