BITEX Performance — Brown Advisory Tax-Exempt Sustainable Bond Fund, Investor Shares
Data updated: 2026-09-11
BITEX returned +1.83% year to date and +6.13% over one year to Jun 2026. Annualised returns are +3.89% over 3 years and +0.96% over 5 years. The fund beat its Intermediate Municipal Bond category average: $100 invested three years ago grew to $112, against $111 for the category, and to $106 over one year, against $106. Volatility over the past three years was 4.54% a year. In the 12 months to Jun 2026 the fund took in a net $42.1M, and assets reached $340.84M.
BITEX Growth of $100
What $100 invested in Brown Advisory Tax-Exempt Sustainable Bond Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Intermediate Municipal Bond category average over the same months.
| Period | BITEX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $106 | $106 |
| 3 years (Jul 2023 – Jun 2026) | $112 | $111 |
| 5 years (Jul 2021 – Jun 2026) | $105 | $105 |
| Since data start (Dec 2019 – Jun 2026) | $109 | $110 |
BITEX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +1.83% |
| 1 year | +6.13% |
| 3 years (annualised) | +3.89% |
| 5 years (annualised) | +0.96% |
BITEX Annual Returns
Calendar-year total returns of Brown Advisory Tax-Exempt Sustainable Bond Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +1.83% |
| 2025 | +4.56% |
| 2024 | +2.29% |
| 2023 | +4.95% |
| 2022 | −8.82% |
| 2021 | +2.53% |
| 2020 | +2.07% |
| 2019 (Dec–Dec) | +0.19% |
BITEX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +0.6% | +1.2% | −2.0% | +1.0% | +0.5% | +0.5% | — | — | — | — | — | — |
| 2025 | +0.4% | +1.0% | −1.4% | −0.4% | 0.0% | +0.6% | −0.1% | +0.8% | +1.9% | +1.1% | +0.3% | +0.3% |
| 2024 | −0.5% | +0.2% | +0.1% | −0.8% | −0.1% | +1.7% | +0.9% | +0.7% | +0.9% | −1.1% | +1.4% | −1.0% |
| 2023 | +1.9% | −1.5% | +1.4% | +0.1% | −0.4% | +0.5% | +0.4% | −0.8% | −2.3% | −1.4% | +5.0% | +2.2% |
| 2022 | −2.4% | −0.6% | −3.6% | −2.4% | +0.6% | −1.1% | +1.8% | −1.6% | −2.6% | −0.5% | +3.5% | −0.1% |
| 2021 | +0.7% | −1.3% | +0.6% | +0.9% | +0.5% | +0.4% | +0.9% | −0.3% | −0.7% | −0.2% | +0.8% | +0.1% |
| 2020 | +1.9% | +1.4% | −4.8% | −2.2% | +2.3% | +1.0% | +1.3% | −0.3% | −0.1% | −0.2% | +1.1% | +0.8% |
| 2019 | — | — | — | — | — | — | — | — | — | — | — | +0.2% |
BITEX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 4.54%
- 3-year Sharpe ratio: -0.14 (vs 4.5% risk-free rate)
- Best month: +4.97% (Nov 2023)
- Worst month: −2.27% (Sep 2023)
BITEX Fund Flows
Monthly money in and out of Brown Advisory Tax-Exempt Sustainable Bond Fund, from SEC Form N-PORT.
- 12-month net flow: $42.1M
- 12-month gross sales (incl. reinvestments): $92.4M
- Sales ÷ redemptions: 1.84×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $4.8M | $8.6M | −$3.8M |
| May 2026 | $5.0M | $5.2M | −$214K |
| Apr 2026 | $5.5M | $3.9M | $1.7M |
| Mar 2026 | $2.5M | $7.9M | −$5.4M |
| Feb 2026 | $15.8M | $1.6M | $14.2M |
| Jan 2026 | $8.7M | $4.6M | $4.2M |
| Dec 2025 | $14.3M | $2.8M | $11.5M |
| Nov 2025 | $10.2M | $2.3M | $7.8M |
| Oct 2025 | $5.0M | $1.9M | $3.1M |
| Sep 2025 | $5.8M | $5.1M | $730K |
| Aug 2025 | $5.2M | $2.1M | $3.1M |
| Jul 2025 | $9.5M | $4.3M | $5.2M |
BITEX Assets Under Management
Net assets of Brown Advisory Tax-Exempt Sustainable Bond Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $340.84M |
| 2026-03-31 | $339.37M |
| 2025-12-31 | $329.67M |
| 2025-09-30 | $305.01M |
| 2025-06-30 | $291.37M |
| 2025-03-31 | $291.37M |
| 2024-12-31 | $295.57M |
| 2024-09-30 | $294.29M |
| 2024-06-30 | $280.70M |
| 2024-03-31 | $287.67M |
| 2023-12-31 | $306.51M |
| 2023-09-30 | $279.35M |
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.