See what your fund actually adds
Brown Advisory Tax Exempt Bond Fund Investor Shares BIAEX
Historical return decomposition and an investable replication portfolio, using data through 2026-10-09.
Fund and replication metrics
| Measure | BIAEX | Replication |
|---|---|---|
| Annualized growth | 0.8% | 0.5% |
| Annualized volatility | 4.3% | 4.2% |
| Sharpe ratio | 0.20 | 0.14 |
| Maximum drawdown | 12.1% | 10.4% |
| Replication fit (R²) | 0.96 · Tracking error 0.8% | |
Replication portfolio
The published portfolio below is the investable basket used to model BIAEX’s historical return behavior.
| Ticker | Building block | Weight |
|---|---|---|
| MUB | FI · Municipal | 81.3% |
| VCSH | FI · Short Corp | 12.6% |
| STIP | FI · Short TIPS | 6.1% |