Brown Advisory Maryland Bond Fund | |||||||||
Schedule of Investments | |||||||||
September 30, 2021 (Unaudited) | |||||||||
Par Value | Security Description | Rate | Maturity | Value $ | |||||
Municipal Bonds - 96.8% | |||||||||
General Obligation Bonds - 24.6% | |||||||||
1,650,000 | Baltimore County Maryland | 5.00% | 08/01/2028 | 1,859,826 | |||||
6,000,000 | Baltimore County Maryland | 5.00% | 03/01/2032 | 7,649,755 | |||||
1,520,000 | Baltimore County Maryland | 4.00% | 02/01/2033 | 1,642,014 | |||||
5,000,000 | Baltimore County Maryland | 4.00% | 03/01/2036 | 5,958,891 | |||||
1,080,000 | Baltimore, Maryland | 5.00% | 10/15/2032 | 1,333,033 | |||||
2,400,000 | Maryland State | 5.00% | 08/01/2024 | 2,718,855 | |||||
1,400,000 | Maryland State | 5.00% | 08/01/2031 | 1,762,890 | |||||
3,500,000 | Montgomery County Maryland | 5.00% | 11/01/2023 | 3,846,113 | |||||
3,370,000 | Montgomery County Maryland | 3.00% | 10/01/2034 | 3,719,894 | |||||
1,350,000 | Prince George's County Maryland | 5.00% | 10/01/2024 | 1,537,093 | |||||
1,500,000 | Prince George's County Maryland | 5.00% | 10/01/2025 | 1,765,090 | |||||
1,550,000 | Prince George's County Maryland | 5.00% | 10/01/2026 | 1,878,906 | |||||
2,200,000 | Prince George's County Maryland | 5.00% | 10/01/2027 | 2,729,092 | |||||
1,000,000 | Prince George's County Maryland | 5.00% | 07/15/2029 | 1,267,389 | |||||
5,000,000 | Prince George's County Maryland | 4.00% | 07/15/2037 | 5,891,714 | |||||
45,560,555 | |||||||||
Revenue Bonds - 72.2% | |||||||||
975,000 | Austin, Texas | 7.88% | 09/01/2026 | 985,749 | |||||
1,320,000 | Baltimore, Maryland | 5.00% | 07/01/2028 | 1,596,215 | |||||
1,000,000 | Baltimore, Maryland | 5.00% | 07/01/2028 | 1,209,254 | |||||
520,000 | Baltimore, Maryland | 5.00% | 06/15/2030 | 570,364 | |||||
225,000 | Baltimore, Maryland^ | 3.25% | 06/01/2031 | 235,410 | |||||
1,000,000 | Baltimore, Maryland | 5.00% | 07/01/2032 | 1,105,635 | |||||
670,000 | Baltimore, Maryland | 5.00% | 06/15/2033 | 731,583 | |||||
1,000,000 | Baltimore, Maryland | 4.00% | 07/01/2034 | 1,187,213 | |||||
1,600,000 | Baltimore, Maryland | 5.00% | 07/01/2035 | 1,927,402 | |||||
1,260,000 | Baltimore, Maryland^ | 3.50% | 06/01/2039 | 1,307,642 | |||||
1,750,000 | California Municipal Finance Authority^ | 5.00% | 11/01/2039 | 1,929,893 | |||||
1,550,000 | Franklin County Ohio | 5.00% | 11/15/2034 | 1,706,947 | |||||
1,000,000 | Frederick County Maryland^ | 5.00% | 09/01/2027 | 1,108,080 | |||||
2,000,000 | Frederick County Maryland | 5.00% | 07/01/2029 | 2,540,234 | |||||
5,050,000 | Frederick County Maryland^ | 5.00% | 09/01/2032 | 5,709,718 | |||||
1,110,000 | Frederick County Maryland^ | 5.00% | 09/01/2037 | 1,242,101 | |||||
1,410,000 | Frederick County Maryland | 3.75% | 07/01/2039 | 1,490,520 | |||||
1,000,000 | Gaithersburg, City of Maryland | 5.00% | 01/01/2028 | 1,121,280 | |||||
2,000,000 | Gaithersburg, City of Maryland | 5.00% | 01/01/2033 | 2,225,337 | |||||
2,000,000 | Lancaster County Pennsylvania Hospital Authority | 5.00% | 07/01/2035 | 2,200,775 | |||||
1,245,000 | Maryland Community Development Administration | 5.00% | 09/01/2030 | 1,561,957 | |||||
1,030,000 | Maryland Community Development Administration | 5.00% | 09/01/2031 | 1,285,231 | |||||
870,000 | Maryland Community Development Administration | 3.25% | 03/01/2036 | 901,032 | |||||
1,140,000 | Maryland Community Development Administration Local Government Infrastructure | 4.00% | 06/01/2035 | 1,359,084 | |||||
850,000 | Maryland Economic Development Corp. | 5.00% | 07/01/2031 | 937,584 | |||||
1,500,000 | Maryland Economic Development Corp. | 4.00% | 07/01/2040 | 1,712,331 | |||||
4,500,000 | Maryland Economic Development Corp. | 4.50% | 07/01/2044 | 4,988,441 | |||||
3,000,000 | Maryland Stadium Authority | 5.00% | 05/01/2030 | 3,553,285 | |||||
1,055,000 | Maryland State Department of Transportation | 4.00% | 05/15/2022 | 1,080,306 | |||||
1,715,000 | Maryland State Department of Transportation | 5.00% | 10/01/2027 | 2,079,731 | |||||
1,150,000 | Maryland State Department of Transportation | 4.00% | 08/01/2038 | 1,358,563 | |||||
500,000 | Maryland State Health & Higher Educational Facilities | 5.00% | 08/15/2023 | 544,553 | |||||
500,000 | Maryland State Health & Higher Educational Facilities | 5.00% | 07/01/2024 | 517,096 | |||||
1,060,000 | Maryland State Health & Higher Educational Facilities | 5.00% | 07/01/2025 | 1,098,334 | |||||
1,500,000 | Maryland State Health & Higher Educational Facilities | 5.00% | 07/01/2025 | 1,748,494 | |||||
1,450,000 | Maryland State Health & Higher Educational Facilities | 5.00% | 07/01/2025 | 1,625,402 | |||||
2,500,000 | Maryland State Health & Higher Educational Facilities | 5.25% | 07/01/2026 | 2,832,472 | |||||
420,000 | Maryland State Health & Higher Educational Facilities | 5.00% | 07/01/2026 | 487,711 | |||||
1,605,000 | Maryland State Health & Higher Educational Facilities | 5.00% | 07/01/2028 | 1,809,866 | |||||
3,500,000 | Maryland State Health & Higher Educational Facilities | 5.00% | 07/01/2029 | 4,281,858 | |||||
100,000 | Maryland State Health & Higher Educational Facilities | 4.00% | 10/01/2030 | 108,751 | |||||
300,000 | Maryland State Health & Higher Educational Facilities | 4.00% | 10/01/2031 | 325,777 | |||||
1,070,000 | Maryland State Health & Higher Educational Facilities | 5.00% | 07/01/2032 | 1,206,577 | |||||
250,000 | Maryland State Health & Higher Educational Facilities | 5.00% | 06/01/2033 | 288,165 | |||||
1,250,000 | Maryland State Health & Higher Educational Facilities | 5.00% | 08/15/2033 | 1,426,718 | |||||
1,955,000 | Maryland State Health & Higher Educational Facilities | 5.00% | 07/01/2034 | 2,239,672 | |||||
430,000 | Maryland State Health & Higher Educational Facilities | 5.00% | 06/01/2036 | 492,902 | |||||
1,200,000 | Maryland State Health & Higher Educational Facilities | 5.00% | 07/01/2037 | 1,401,522 | |||||
1,500,000 | Maryland State Health & Higher Educational Facilities | 5.00% | 07/01/2038 | 1,740,512 | |||||
1,310,000 | Maryland State Health & Higher Educational Facilities | 5.00% | 07/01/2043 | 1,512,176 | |||||
4,355,000 | Maryland State Health & Higher Educational Facilities | 5.00% | 05/15/2045 | 5,240,128 | |||||
4,000,000 | Maryland State Health & Higher Educational Facilities# | 5.00% | 07/01/2045 | 4,816,003 | |||||
4,255,000 | Maryland State Transportation Authority | 5.00% | 03/01/2022 | 4,337,959 | |||||
1,000,000 | Maryland State Transportation Authority | 5.00% | 06/01/2022 | 1,031,005 | |||||
2,500,000 | Maryland State Transportation Authority | 5.00% | 07/01/2023 | 2,708,442 | |||||
850,000 | Maryland State Transportation Authority | 5.00% | 07/01/2024 | 959,539 | |||||
3,000,000 | Maryland State Transportation Authority | 5.00% | 07/01/2025 | 3,509,167 | |||||
1,510,000 | Maryland State Transportation Authority | 5.00% | 07/01/2025 | 1,766,281 | |||||
4,420,000 | Maryland State Transportation Authority | 5.00% | 07/01/2028 | 5,442,005 | |||||
4,330,000 | Maryland State Transportation Authority | 4.00% | 06/01/2035 | 4,994,255 | |||||
1,500,000 | Metropolitan Washington DC Airports Authority | 5.00% | 10/01/2039 | 1,870,248 | |||||
365,000 | New Hope Texas Cultural Education Facilities Finance Corp. | 5.50% | 07/01/2046 | 280,690 | |||||
820,000 | New Hope Texas Cultural Education Facilities Finance Corp. | 5.75% | 07/01/2051 | 639,634 | |||||
2,000,000 | Newport News Virginia Economic Development Authority | 5.00% | 12/01/2031 | 2,264,708 | |||||
2,000,000 | North Carolina Medical Care Commission | 5.00% | 10/01/2031 | 2,181,613 | |||||
1,000,000 | St Mary's College of Maryland | 4.00% | 09/01/2024 | 1,100,235 | |||||
1,335,000 | University System of Maryland | 5.00% | 04/01/2022 | 1,366,768 | |||||
3,280,000 | Washington State Housing Finance Commission^ | 4.00% | 01/01/2026 | 3,534,127 | |||||
2,700,000 | Washington Suburban Sanitary Commission | 4.00% | 06/01/2032 | 3,255,428 | |||||
3,500,000 | Washington Suburban Sanitary Commission | 4.00% | 06/01/2042 | 3,790,291 | |||||
133,725,981 | |||||||||
Total Municipal Bonds (Cost $171,929,902) | 179,286,536 | ||||||||
Shares | |||||||||
Short-Term Investments - 2.0% | |||||||||
Money Market Funds - 2.0% | |||||||||
3,742,712 | First American Government Obligations Fund - Class Z, 0.02%* | 3,742,712 | |||||||
Total Short-Term Investments (Cost $3,742,712) | 3,742,712 | ||||||||
Total Investments - 98.8% (Cost $175,672,614) | 183,029,248 | ||||||||
Other Assets in Excess of Liabilities - 1.2% | 2,197,070 | ||||||||
NET ASSETS - 100.0% | $ | 185,226,318 | |||||||
^ Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. | |||||||||
# Variable rate security. Rate disclosed is as of the date of this report. | |||||||||
* Annualized seven-day yield as of the date of this report. | |||||||||
Various inputs may be used to determine the value of the Fund's investments. These inputs are summarized in three broad levels. The inputs or methodologies used to value securities are not necessarily an indication of the risk associated with investing in those securities. | |||||||||
Level 1 - Quoted prices in active markets for identical securities. | |||||||||
Level 2 - Evaluated price based on other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment spreads, credit risk, etc.). | |||||||||
Level 3 - Significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments). | |||||||||
As of the date of this report, the Fund's money market funds were categorized as Level 1, while the Fund's investments in municipal bonds were categorized as Level 2. | |||||||||
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NPORT-P Filing
Brown Advisory Funds NPORT-PBrown Advisory Maryland Bond Fund (Sep 2021 report)
Filed: 24 Nov 21, 4:26pm