Effective as of March 1, 2019, Thomas D.D. Graff, CFA, and Amy Hauter, CFA, will serve as portfolio managers of the Fund and each retain equal decision-making authority in the day-to-day management of the Fund’s portfolio.
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The Brown Advisory Sustainable Bond Fund seeks to provide a competitive total return consistent with preservation of principal while giving special consideration to certain environmental, social and governance (ESG) criteria.
The fund seeks impact through by investing in a concentrated portfolio of high-conviction bonds that have undergone concurrent fundamental and ESG research. In pursuit of this goal, the fund will invest at least 80% of the value of its net assets (plus borrowings for investment purposes) in fixed income securities of issuers that satisfy the fund's investment and ESG criteria. The fund invests in corporate, municipal, mortgage-backed and asset-backed fixed income securities that are issued as “Green Bonds” or that otherwise meet the fund’s ESG criteria. Additionally, the fund also invests in securities issued by the U.S. Government and foreign government entities that are both dollar-and non-dollar-denominated.
The fund’s portfolio will generally seek to have an average dollar weighted maturity between 6 and 11 years and an average duration of 3 to 7 years.