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. 

For more information, view the full sticker

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.

Investment approach

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.

Fund profile

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.

(As of Jun 30, 2020)

Fund Benchmark
AAA/Aaa 12.5 69.8
AA/Aa 19.2 3.5
A 20.2 12.0
BBB 42.1 13.7
High Yield 3.9 0.7
Not Rated 2.1 0.4
Credit quality is calculated using ratings assigned by Moody’s. If Moody’s does not rate a holding then Standard & Poor’s is used. If Moody’s and Standard & Poor’s do not rate a holding then Fitch is used. A bond is considered investment grade if its credit rating is BBB- or higher according to Standard & Poor’s; more specifically, a rating of“AAA”represents the highest credit quality with minimal risk of default and a rating of“BB” or below represents speculative financial security. High Yield, if noted, includes holdings that are rated BB+ or lower according to Moody’s. Not Rated category, if noted, includes holdings that are not rated by any rating agencies. All ratings are as of 06/30/2020.

(As of Jun 30, 2020)

Fund Benchmark
< 1 Year 13.4 7.1
1 to 3 Years 23.7 33.9
3 to 5 Years 18.3 22.7
5 to 7 Years 13.9 10.5
7 to 10 Years 16.9 7.4
Greater than 10 Years 13.8 18.3
Source: FactSet® Duration distribution includes cash and equivalents. Distribution is subject to change and should not be considered a suggestion or a recommendation to engage in or refrain from a particular course of action or to make or hold a particular investment or pursue a particular investment strategy, including whether or not to buy, sell, or hold any of the securities mentioned. It should not be assumed that investments in such securities have been or will be profitable.

(As of Jun 30, 2020)

Sector Fund Benchmark
Cash & Equivalents 0.9 0.0
US Government 4.2 39.2
Non-US Government 2.2 3.4
Corporate 51.9 27.3
Mortgage 0.7 26.9
CMBS 16.7 2.2
ABS 7.8 0.4
Municipal 15.7 0.7
Source: Advent Portfolio Exchange®for Fund data, FactSet® for benchmark data. Sector breakdown includes cash and equivalents, are subject to change at any time and should not be considered a suggestion or recommendation to engage in or refrain from a particular course of action or to make or hold a particular investment or pursue a particular investment strategy, including whether or not to buy,sell,or hold any of the securities mentioned.It should not be assumed that investments in such securities have been or will be profitable. Figures may not total 100 due to rounding.

(As of Jun 30, 2020)

Portfolio Attribute Fund Benchmark
Avg. Credit Quality A3 Aa2
Effective Duration (years) 5.9 6.0
Yield to Worst (%) 2.2 1.3
Avg. Life (years) 9.0 8.0
30-Day SEC Yield Unsubsidized (%) 1.90
Source: Fund net assets provided by U.S.Bank; portfolio characteristics from FactSet® and include cash and equivalents. Total net assets are as of the last day of the quarter and include all share classes.

Average Annual Total Returns % (As of Jun 30, 2020)

Share Class Three Months YTD One Year Three Year Five Year Ten Year Since Inception
Investor (BASBX), Inception: 08/07/2017 6.54 5.74 8.09 4.87
Bloomberg Barclays Aggregate Bond Index 2.90 6.14 8.74 5.28
Gross Expense Ratios: 0.57% (Investor) 0.52% (Institutional)
Net Expense Ratios: 0.57% (Investor) 0.52% (Institutional)
Returns greater than one year are annualized.
Source: U.S. Bank. Performance data quoted represents past performance and is no guarantee of future results. Performance for periods greater than one year is annualized. Current performance may be lower or higher than the performance data quoted. Investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than original cost. Performance for other share classes will vary. Shares redeemed or exchanged within 14 days of purchase will be charged a 1.00%fee.Performance data quoted does not reflect the redemption or exchange fee. If reflected, total returns would be reduced. For the most recent month-end performance, please call 1-800-540-6807.

(As of Jun 30, 2020)

Name Percentage
United States Treasury Note/Bond, 1.75% Due 11/15/2029 2.0
United States Treasury Note/Bond, 0.38% Due 03/31/2022 1.9
Northwell Healthcare Inc, 4.26% Due 11/01/2047 1.9
Santa Clara Valley Water District, 3.82% Due 06/01/2039 1.7
California Health Facilities Financing Authority, 3.03% Due 06/01/2034 1.6
Conservation Fund A Nonprofit Corp/The, 3.47% Due 12/15/2029 1.6
Marvell Technology Group Ltd, 4.88% Due 06/22/2028 1.6
Oregon Health & Science University, 3.00% Due 07/01/2032 1.6
First American Government Obligations Fund, 0.06% 1.6
CVS Health Corp, 4.30% Due 03/25/2028 1.6
Total 17.3
Source: U.S. Bank. Portfolio holdings include cash and equivalents. Fund holdings are subject to change and should not be considered a suggestion or recommendation to engage in or refrain from a particular course of action or to make or hold a particular investment or pursue a particular investment strategy, including whether or not to buy,sell,or hold any of the securities mentioned. It should not be assumed that investments in such securities have been or will be profitable.
Mutual fund investing involves risk. Principal loss is possible.
Investments in debt securities typically decrease in value when interest rates rise. This risk is usually greater for longer-term debt securities. Investments in Asset-Backed and Mortgage-Backed securities include additional risks that investor should be aware of including credit risk, prepayment risk, possible illiquidity and default, as well as increased susceptibility to adverse economic developments. In addition, the fund is susceptible to risks from investments in derivatives, U.S. Government securities, municipal securities and its investments in other investment companies.
The Brown Advisory funds are distributed by ALPS Distributors, Inc. 1290 Broadway, Suite 1100, Denver, CO 80203. Brown Advisory Funds and ALPS are not affiliated.
Total assets under management value as of 06/30/2020. 
Inception date for Investor share class.
 
Click here for a current prospectus. Please read and consider it carefully before investing. You may obtain a hardcopy of the prospectus by calling 1-800-540-6807.
Click here for index and financial term definitions.