Brown Advisory Tax-Exempt Sust Bd Inv (BITEX)
| Fund Assets | 295.07M |
| Expense Ratio | 0.48% |
| Min. Investment | $100 |
| Turnover | 50.00% |
| Dividend (ttm) | 0.32 |
| Dividend Yield | 3.64% |
| Dividend Growth | -0.47% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jul 31, 2025 |
| Previous Close | 8.90 |
| YTD Return | -1.40% |
| 1-Year Return | -1.18% |
| 5-Year Return | -1.44% |
| 52-Week Low | 8.71 |
| 52-Week High | 9.22 |
| Beta (5Y) | 0.19 |
| Holdings | 107 |
| Inception Date | Dec 2, 2019 |
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.
Performance
BITEX had a total return of -1.18% in the past year, including dividends. Since the fund's inception, the average annual return has been -0.11%.
Top 10 Holdings
26.89% of assets| Name | Symbol | Weight |
|---|---|---|
| First American Government Obligations Fund | FGZXX | 4.82% |
| CALIFORNIA EARTHQUAKE AUTH REV 5.6% | CA.CASGEN 5.6 07.01.2027 | 3.69% |
| MARYLAND ST HEALTH & HIGHER EDL FACS AUTH REV 5% | MD.MDSMED 5 08.15.2038 | 3.35% |
| NEW YORK LIBERTY DEV CORP LIBERTY REV 3.13% | NY.NYCDEV 3.12 09.15.2050 | 2.58% |
| NORTHSIDE TEX INDPT SCH DIST 3.55% | TX.NSDSCD 06.01.2050 | 2.54% |
| NEW JERSEY ECONOMIC DEV AUTH REV 3.54% | NJ.NJSDEV 09.01.2025 | 2.32% |
| MEMPHIS TENN HEALTH EDL & HSG FAC BRD MULTIFAMILY HSG REV 5% | TN.MEMMFH 07.01.2027 | 2.05% |
| CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 2.74% | CA.CCEDEV 02.01.2052 | 1.86% |
| COLORADO HSG & FIN AUTH 5.75% | CO.COSHSG 5.75 11.01.2053 | 1.85% |
| NORTH DAKOTA ST HSG FIN AGY 4.6% | ND.NDSHSG 4.6 07.01.2043 | 1.83% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jul 31, 2025 | $0.02735 | Jul 31, 2025 |
| Jun 30, 2025 | $0.02658 | Jun 30, 2025 |
| May 30, 2025 | $0.02726 | May 30, 2025 |
| Apr 30, 2025 | $0.0275 | Apr 30, 2025 |
| Mar 31, 2025 | $0.02725 | Mar 31, 2025 |
| Feb 28, 2025 | $0.02413 | Feb 28, 2025 |