BASBX Fees and Costs — Brown Advisory Sustainable Bond Fund, Investor Shares
Data updated: 2026-09-11
The net expense ratio is 0.47%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $17K in broker commissions, 0.0030% of average net assets, and portfolio turnover was 104%.
BASBX Fees and Expenses
Annual operating expenses and sales charges of BASBX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.30% |
| 12b-1 fee | 0.00% |
| Other expenses | — |
| Gross expense ratio | 0.47% |
| Fee waiver | — |
| Net expense ratio | 0.47% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | Yes |
BASBX Costs Over Time
On $10,000 invested in BASBX, assuming 5% a year before costs, total costs come to $299 over 5 years, cutting the return by 0.50% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.47%) | $49 | $155 | $270 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $0 | $8 | $27 |
| Total costs | $50 | $163 | $299 |
| Value after costs | $10,450 | $11,413 | $12,464 |
| Impact on return, per year | 0.50% | 0.50% | 0.50% |
BASBX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0030%
- Total broker commissions: $17K
- Bought from dealers (principal trades, not a cost): $1.4B
- Portfolio turnover (prospectus): 104%
- Securities lending: none during the year
BASBX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| RBC CAPITAL MARKETS LLC | $17K | 100.00% |
BASBX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| STONEX FINANCIAL INC. | $766.9M | 60.92% |
| WELLS FARGO SECURITIES LLC | $137.4M | 10.91% |
| BNY MELLON CAPITAL MARKETS LLC | $75.2M | 5.98% |
| MORGAN STANLEY & CO. LLC | $60.8M | 4.83% |
| BMO NESBITT BURNS SECURITIES LTD. | $44.7M | 3.55% |
| U.S. BANCORP INVESTMENTS INC. | $38.8M | 3.08% |
| MERRILL LYNCH PIERCE FENNER & SMITH INCORPORATED | $37.5M | 2.98% |
| CITADEL SECURITIES LLC | $35.6M | 2.83% |
| BOFA SECURITIES INC. | $34.5M | 2.74% |
| J.P. MORGAN SECURITIES LLC | $27.5M | 2.18% |
Brown Advisory Sustainable Bond Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| BAISX | Institutional Shares | 0.42% | none |
| BASBX | Investor Shares | 0.47% | none |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.