Brown Advisory Tax Exempt Bond Fund Institutional Shares (BTEIX)
| Fund Assets | 1.20B |
| Expense Ratio | 0.41% |
| Min. Investment | $1,000,000 |
| Turnover | 40.00% |
| Dividend (ttm) | 0.36 |
| Dividend Yield | 3.78% |
| Dividend Growth | -3.46% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 30, 2026 |
| Previous Close | 9.54 |
| YTD Return | 1.37% |
| 1-Year Return | 6.99% |
| 5-Year Return | 8.64% |
| 52-Week Low | 8.64 |
| 52-Week High | 9.54 |
| Beta (5Y) | n/a |
| Holdings | 182 |
| Inception Date | Jul 2, 2018 |
About BTEIX
Brown Advisory Tax-Exempt Bond Fund Institutional Shares is an open-end municipal bond fund designed to deliver a high level of current income that is exempt from federal income tax. The strategy invests at least 80% of net assets in tax-exempt securities that do not subject shareholders to the federal alternative minimum tax, focusing on intermediate maturities typically averaging five to ten years. The portfolio is built through bottom-up, fundamental credit research and is managed as a concentrated, non-diversified mix of the team’s highest-conviction ideas across revenue-backed and general obligation municipal issuers. Risk management emphasizes credit quality and controlled interest-rate sensitivity within the national intermediate muni category, using active maturity positioning to navigate changing market conditions. Benchmarked to a 1–10 year municipal bond blend index, the fund seeks tax-efficient total return while maintaining a core, investment-grade profile. This approach positions the fund as a tool for investors seeking federally tax-exempt income and municipal market exposure through an actively managed, research-driven process.
Performance
BTEIX had a total return of 6.99% in the past year, including dividends. Since the fund's inception, the average annual return has been 5.97%.
Other Share Classes
These are alternative share classes of the same fund, from the same provider.
| Symbol | Share Class | Expense Ratio |
|---|---|---|
| BIAEX | Investor Shares | 0.46% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jan 30, 2026 | $0.02922 | Jan 30, 2026 |
| Dec 31, 2025 | $0.03067 | Dec 31, 2025 |
| Nov 28, 2025 | $0.02969 | Nov 28, 2025 |
| Oct 31, 2025 | $0.03093 | Oct 31, 2025 |
| Sep 30, 2025 | $0.02982 | Sep 30, 2025 |
| Aug 29, 2025 | $0.03075 | Aug 29, 2025 |