About BITEX
The Brown Advisory Tax-Exempt Sustainable Bond Fund Investor Shares is a mutual fund focused on generating a high level of federally tax-exempt income by primarily investing in intermediate-term, investment grade municipal bonds. The fund emphasizes sustainability, specifically targeting issuers whose activities align with environmental, social, and governance (ESG) criteria. Key impact themes include clean water and sanitation, education, health and wellness, affordable housing, and economic mobility. The fund actively concentrates its portfolio based on rigorous fundamental credit analysis while maintaining sector diversification. With an average credit quality around Aa3 and an effective duration of about 4 years, the fund seeks to provide stable income while mitigating interest rate risk. It pays monthly dividends and is designed for investors seeking both tax efficiency and positive environmental or social impact within the municipal bond market. The fund is managed by an experienced fixed income team and leverages Brown Advisory's established process of bottom-up research and responsible investment practices, playing a niche role in the muni national intermediate category by integrating sustainability into municipal bond investing.
Fund Family Brown Advisory Funds
Category Muni National Interm
Performance Rating Average
Risk Rating Below Average
Stock Exchange NASDAQ
Ticker Symbol BITEX
Share Class Investor Shares
Index Index is not available on Lipper Database
BITEX had a total return of 4.01% in the past year, including dividends. Since the fund's
inception, the average annual return has been 0.77%.
