Brown Advisory Tax Exempt Bond Instl (BTEIX)

NASDAQ · Mutual Fund · Delayed Price · Currency is USD

9.27

-0.01 (-0.11%)

At close: Aug 26, 2026

0.76% (1Y)

Fund Assets	1.28B
Expense Ratio	0.41%
Min. Investment	$1,000,000
Turnover	40.00%
Dividend (ttm)	0.36
Dividend Yield	3.89%
Dividend Growth	-0.94%
Payout Frequency	Monthly
Ex-Dividend Date	Jul 31, 2026

Previous Close	9.28
YTD Return	0.51%
1-Year Return	4.81%
5-Year Return	5.24%
52-Week Low	9.19
52-Week High	9.57
Beta (5Y)	n/a
Holdings	204
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.

Fund Family Brown Advisory Funds

Category Muni National Interm

Performance Rating High

Risk Rating Average

Stock Exchange NASDAQ

Ticker Symbol BTEIX

Share Class Institutional Shares

Index Bloomberg Municipal Bond 1-10 Y Blend TR

Performance

BTEIX had a total return of 4.81% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.58%.

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
Jul 31, 2026	$0.03132	Jul 31, 2026
Jun 30, 2026	$0.03054	Jun 30, 2026
May 29, 2026	$0.03049	May 29, 2026
Apr 30, 2026	$0.03002	Apr 30, 2026
Mar 31, 2026	$0.03014	Mar 31, 2026
Feb 27, 2026	$0.02728	Feb 27, 2026

Full Dividend History