BIAEX

About BIAEX

Brown Advisory Tax-Exempt Bond Fund Investor Shares is a mutual fund designed to generate a high level of current income that is exempt from federal income tax. The fund primarily invests in a diversified portfolio of high-quality, intermediate-term municipal bonds, with at least 80% of its assets allocated to securities whose interest payments are free from federal income tax and do not subject investors to the federal alternative minimum tax. The fund's strategy emphasizes active management and rigorous bottom-up credit research, allowing it to navigate varying interest rate environments while mitigating risk. Holdings principally involve investment-grade municipal issues across sectors such as general obligation, revenue-backed, and pre-refunded bonds, reflecting a focus on both income generation and capital preservation. Established in 2012, the fund is notable for its competitive expense ratio and monthly income distributions, positioning it as a significant player in the municipal bond market for investors seeking federal tax-exempt income with a controlled risk approach.