Brown Advisory Mortgage Securities (BIAZX) Fund Profile

Mortgage Securities Fund Fact Sheet

 

Objective

The Fund seeks to maximize total return consistent with preservation of capital.

Strategy

The Fund seeks to invest at least 80% of the value of its net assets in investment grade mortgage-related securities. The managers may invest in derivatives instruments, such as options, futures contracts, and options on futures.

Profile

The Fund will generally invest in fixed income instruments which pay principal over time. Most of the securities will have an expected life in the range of 2-8 years.

 

Performance

  Annualized
(As of June 30, 2017) 3-month 1-year 3-year 5-year 10-year Since Inception
Mortgage Securities (Inv.) 1.00% -0.68% 2.09% N/A N/A 2.53%
Bloomberg Barclays Mortgage
Backed Securities Index
0.87% -0.06% 2.17% N/A N/A 3.07%

 

Performance data quoted represents past performance and is no guarantee of future results. 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. Click here for the monthly and quarterly performance information.

Performance data does not reflect the 1.00% fee on shares redeemed or exchanged within 14 days of purchase, and if it had, returns would be lower.

 

Yields

(As of August 31, 2017) BIAZX
30-Day SEC Yield 3.07%
12-Month Distribution Yield 2.00%

 

Top 10 Holdings

(As of June 30, 2017)
1. Ginnie Mae II Pool, 3.50% 5.94%
2. Ginnie Mae II Pool, 3.00% 4.76%
3. First American Treasury Obligations Fund, 0.84% 4.57%
4. Fannie Mae Pool, 2.50% 2.99%
5. Fannie Mae Pool, 3.00% 2.35%
6. Fannie Mae Pool, 3.00% 2.31%
7. Freddie Mac Gold Pool, 2.50% 2.06%
8. Freddie Mac Gold Pool, 3.00% 1.83%
9. Freddie Mac Gold Pool, 3.50% 1.58%
10. Freddie Mac Gold Pool, 3.00% 1.47%

 

*The minimum investment requirements are waived for qualified retirement plans under Section 401(a) of the Internal Revenue Code ("IRC"), and plans operating consistent with 403(a), 403(b), 408, 408(A), 457, 501(c) and 223(d) of the IRC.

Fund holdings and sector allocations are subject to change and should not be considered a recommendation to buy or sell any security.

Click here for index and financial term definitions.

 

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