BATBX: Brown Advisory Strategic Bond Inv

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BATBX Brown Advisory Strategic Bond Inv


Profile

BATBX - Profile

Vitals

  • YTD Return -10.9%
  • 3 Yr Annualized Return -3.6%
  • 5 Yr Annualized Return -2.9%
  • Net Assets $228 M
  • Holdings in Top 10 12.3%

52 WEEK LOW AND HIGH

$8.59
$7.95
$9.73

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.65%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 115.00%

TRADING FEES

  • Max Redemption Fee 1.00%

Min Investment

  • Standard (Taxable) $100
  • IRA $100

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Short-Term Bond

Distributions

  • YTD Total Return -10.9%
  • 3 Yr Annualized Total Return -1.9%
  • 5 Yr Annualized Total Return -0.7%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 3.50%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Brown Advisory Strategic Bond Fund
  • Fund Family Name
    Brown Advisory Funds
  • Inception Date
    Sep 30, 2011
  • Shares Outstanding
    215377
  • Share Class
    Adv
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Thomas Graff

Fund Description

Normally, the fund will invest at least 80% of the value of its net assets (plus borrowings for investment purposes) in fixed income securities. The Adviser seeks to achieve the fund's investment objective by investing in municipal bonds, corporate bonds (including junk bonds), U.S. Treasury bonds, Treasury Inflation Protected Securities (TIPS), non-U.S. dollar bonds, mortgage-backed securities, asset-backed securities, derivatives, bank loans, collateralized loan obligations, and cash equivalents. The fund is non-diversified.


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Categories

Performance

BATBX - Performance

Return Ranking - Trailing

Period BATBX Return Category Return Low Category Return High Rank in Category (%)
YTD -10.9% -19.7% 1.0% 94.58%
1 Yr -10.0% -21.9% 3.7% 94.36%
3 Yr -3.6%* -8.2% 1.3% 92.45%
5 Yr -2.9%* -21.2% 1.8% 94.56%
10 Yr N/A* -11.2% 2.2% N/A

* Annualized

Return Ranking - Calendar

Period BATBX Return Category Return Low Category Return High Rank in Category (%)
2019 3.0% -6.6% 4.9% 20.21%
2018 -2.7% -4.1% 1.0% 93.25%
2017 0.9% -0.7% 2.8% 15.92%
2016 1.6% -65.8% 7.1% 13.07%
2015 -6.5% -6.6% 3.0% 99.32%

Total Return Ranking - Trailing

Period BATBX Return Category Return Low Category Return High Rank in Category (%)
YTD -10.9% -20.1% 1.0% 94.58%
1 Yr -10.0% -22.3% 3.7% 94.36%
3 Yr -1.9%* -7.9% 2.2% 84.28%
5 Yr -0.7%* -19.7% 2.0% 51.02%
10 Yr N/A* -9.6% 2.3% N/A

* Annualized

Total Return Ranking - Calendar

Period BATBX Return Category Return Low Category Return High Rank in Category (%)
2019 3.5% -6.6% 4.9% 12.95%
2018 0.3% -4.1% 3.2% 20.25%
2017 3.3% -0.7% 4.7% 4.46%
2016 3.9% -65.2% 8.4% 11.11%
2015 -3.5% -5.3% 3.1% 93.88%

NAV & Total Return History


Holdings

BATBX - Holdings

Concentration Analysis

BATBX Category Low Category High BATBX % Rank
Net Assets 228 M 272 K 64 B 67.63%
Number of Holdings 223 6 2087 76.12%
Net Assets in Top 10 28.4 M -5.43 M 6.66 B 79.10%
Weighting of Top 10 12.32% 5.8% 99.5% 78.84%

Top 10 Holdings

  1. Charter Communications Operating, LLC/Charter Communications Operating Capi 1.39%
  2. Energy Transfer Operating L P 6.25% 1.35%
  3. Southern California Edison Company 6.25% 1.35%
  4. Bank of America Corporation 5.13% 1.33%
  5. Jpmorgan Chase & Co 1.30%
  6. Madison Park Funding XIII Ltd. 4.17% 1.19%
  7. Servicemaster Company Limited Partnership 7.45% 1.13%
  8. Mercer International Inc. 7.38% 1.09%
  9. Outfront Media Capital LLC / Outfront Media Capital Corp 4.63% 1.09%
  10. DISTRICT COLUMBIA REV 4.5% 1.08%

Asset Allocation

Weighting Return Low Return High BATBX % Rank
Bonds
95.61% 22.39% 144.98% 30.85%
Cash
3.72% -54.63% 77.61% 50.75%
Preferred Stocks
0.51% 0.00% 37.76% 7.46%
Convertible Bonds
0.16% 0.00% 5.54% 86.57%
Stocks
0.00% 0.00% 7.28% 100.00%
Other
0.00% -0.56% 13.40% 97.51%

Bond Sector Breakdown

Weighting Return Low Return High BATBX % Rank
Securitized
71.03% 0.00% 71.03% 1.00%
Corporate
23.66% 2.17% 93.48% 74.13%
Cash & Equivalents
3.72% 0.15% 77.61% 68.16%
Municipal
1.59% 0.00% 14.85% 11.44%
Derivative
0.00% -0.09% 32.63% 97.51%
Government
0.00% -3.22% 61.46% 99.50%

Bond Geographic Breakdown

Weighting Return Low Return High BATBX % Rank
US
80.60% 0.00% 131.08% 30.35%
Non US
15.01% 0.00% 90.78% 69.65%

Expenses

BATBX - Expenses

Operational Fees

BATBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.65% 0.02% 43.40% 68.02%
Management Fee 0.40% 0.00% 1.19% 72.46%
12b-1 Fee 0.25% 0.00% 1.00% 41.03%
Administrative Fee N/A 0.05% 0.41% N/A

Sales Fees

BATBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.75% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

BATBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 1.00% 1.00% 2.00% 66.67%

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

BATBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 115.00% 0.00% 496.37% 72.78%

Distributions

BATBX - Distributions

Dividend Yield Analysis

BATBX Category Low Category High BATBX % Rank
Dividend Yield 0.00% 0.00% 1.88% 100.00%

Dividend Distribution Analysis

BATBX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Monthly

Net Income Ratio Analysis

BATBX Category Low Category High BATBX % Rank
Net Income Ratio 3.50% -2.82% 4.10% 4.06%

Capital Gain Distribution Analysis

BATBX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

BATBX - Fund Manager Analysis

Managers

Thomas Graff


Start Date

Tenure

Tenure Rank

Sep 30, 2011

8.42

8.4%

Tom is a partner and serves as head of fixed income and portfolio manager. He primarily concentrates on the management and analysis of taxable bond portfolios, including macroeconomic analysis. Prior to joining the firm, Tom was a managing director at Cavanaugh Capital Management. He served as a portfolio manager and was responsible for trading, analysis and management of taxable fixed income portfolios. Tom is also a freelance writer for TheStreet.com, offering weekly insight into various fixed income and macroeconomic topics. Education: Loyola University Maryland, BA (1999) Community Involvement Member: CFA Institute, Baltimore CFA Society Board of Sponsors of the Sellinger School of Business at Loyola University Certifications: CFA®

Robert Snyder


Start Date

Tenure

Tenure Rank

Oct 31, 2014

5.33

5.3%

Robert H. Snyder is a Portfolio Manager at Brown Advisory and a member of the Fixed Income Investment Team. Prior to joining the firm in 2014, he was Principal and member of the risk allocation and credit committees at Kingsland Capital, where his primary focus was portfolio construction and management of high yield assets. Mr. Snyder’s experience includes both high yield par and distressed credit analysis across multiple industry sectors and security-types. Mr. Snyder graduated from Cornell University in 1997 with a BA in Economics.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.03 23.75 5.35 3.08