Brown Advisory Mortgage Securities Fund (BIAZX)
| Fund Assets | 285.73M |
| Expense Ratio | 0.51% |
| Min. Investment | $100 |
| Turnover | 335.00% |
| Dividend (ttm) | 0.40 |
| Dividend Yield | 4.35% |
| Dividend Growth | 5.36% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jul 31, 2025 |
| Previous Close | 9.12 |
| YTD Return | 4.53% |
| 1-Year Return | 2.14% |
| 5-Year Return | -0.89% |
| 52-Week Low | 8.78 |
| 52-Week High | 9.40 |
| Beta (5Y) | 0.20 |
| Holdings | 345 |
| Inception Date | Dec 26, 2013 |
About BIAZX
The Brown Advisory Mortgage Securities Fund Investor Shares is an open-end mutual fund specializing in mortgage-backed securities within the fixed income sector. Its primary function is to deliver income potential by investing predominantly in investment-grade, mortgage-related securities, constituting at least 80% of its net assets. The fund utilizes individual security analysis and prepayment analysis to identify holdings with slower payback speeds, aiming to maintain a steady yield stream and manage interest rate risk. The remaining allocation can include non-investment-grade or unrated securities, and the fund may also use derivatives for risk management purposes. The portfolio tends to be concentrated, featuring high-conviction positions and a typical expected life of 2 to 8 years for most securities. It benchmarks its performance against the Bloomberg Mortgage Backed Securities Index and targets investors seeking exposure to mortgage bonds within the intermediate government bond category. Managed by an experienced team, the fund emphasizes long-term, risk-adjusted returns and disciplined active management in the mortgage securities space, making it a notable participant in the broader fixed income market.
Performance
BIAZX had a total return of 2.14% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.83%.
Other Share Classes
These are alternative share classes of the same fund, from the same provider.
| Symbol | Share Class | Expense Ratio |
|---|---|---|
| BAFZX | Institutional Shares | 0.46% |
Top 10 Holdings
23.26% of assets| Name | Symbol | Weight |
|---|---|---|
| Federal National Mortgage Association | FNCL.2 8.13 | 5.75% |
| Cash Offset | n/a | 4.93% |
| First American Government Obligations Fund | FGZXX | 4.36% |
| Federal National Mortgage Association | FNCL.2.5 8.11 | 1.67% |
| Ultra 10 Year US Treasury Note Future Sept 25 | n/a | 1.45% |
| Federal Home Loan Mortgage Corp. 6% | FR.SD4697 | 1.16% |
| Federal Home Loan Mortgage Corp. 3.5% | FR.SD8196 | 1.14% |
| Government National Mortgage Association 4.5% | G2.MA8646 | 0.94% |
| Government National Mortgage Association 5% | G2.MA8348 | 0.93% |
| Federal National Mortgage Association 3.5% | FN.FM9760 | 0.93% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jul 31, 2025 | $0.03763 | Jul 31, 2025 |
| Jun 30, 2025 | $0.03271 | Jun 30, 2025 |
| May 30, 2025 | $0.03373 | May 30, 2025 |
| Apr 30, 2025 | $0.03449 | Apr 30, 2025 |
| Mar 31, 2025 | $0.03312 | Mar 31, 2025 |
| Feb 28, 2025 | $0.02992 | Feb 28, 2025 |