Brown Advisory Tax Exempt Bond Instl (BTEIX)

Fund Assets	1.27B
Expense Ratio	0.43%
Min. Investment	$1,000,000
Turnover	29.00%
Dividend (ttm)	0.36
Dividend Yield	4.01%
Dividend Growth	-0.00%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 30, 2026

Previous Close	8.98
YTD Return	-2.07%
1-Year Return	-0.71%
5-Year Return	3.47%
52-Week Low	8.86
52-Week High	9.57
Beta (5Y)	n/a
Holdings	212
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 -0.71% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.20%.

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
Sep 30, 2026	$0.03055	Sep 30, 2026
Aug 31, 2026	$0.0316	Aug 31, 2026
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

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Oct 16, 2026

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