BIAIX

About BIAIX

The Brown Advisory Intermediate Income Fund Investor Shares is an intermediate-term bond mutual fund focused on generating a high level of current income while preserving principal. Its primary objective is to provide stable returns through a diversified portfolio primarily composed of high-quality fixed income securities. The fund allocates at least 80% of its assets to bonds, including U.S. government securities, corporate bonds, mortgage-backed securities, asset-backed securities, and selected municipal bonds. The fund targets securities with maturities generally ranging from 1 to 10 years and emphasizes holdings rated within the top four tiers by Nationally Recognized Statistical Rating Organizations. Its investing approach seeks a balance between total return and risk management, with typical portfolio characteristics including a dollar-weighted average maturity between 3 and 10 years, and a duration in the range of 2 to 5 years. The portfolio’s composition and risk characteristics are generally aligned with its benchmark, the Bloomberg Intermediate Aggregate Bond Index. As a result, the fund plays a significant role for investors seeking exposure to the intermediate-term bond sector, offering potential for income and relative stability within a fixed income allocation.