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Brown Advisory Sustainable Small-Cap Core Fund
mutual fund
BAFYX
Payout Change
Pending
Price as of:
$10.24
-0.05
-0.49%
primary theme
U.S. Small-Cap Blend Equity
share class
BAFYX (Mutual Fund)
Brown Advisory Sustainable Small-Cap Core Fund
Payout Change
Pending
Price as of:
$10.24
-0.05
-0.49%
primary theme
U.S. Small-Cap Blend Equity
share class
BAFYX (Mutual Fund)
Brown Advisory Sustainable Small-Cap Core Fund
Payout Change
Pending
Price as of:
$10.24
-0.05
-0.49%
primary theme
U.S. Small-Cap Blend Equity
share class
Name
As of 10/03/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
6.6%
1 yr return
23.9%
3 Yr Avg Return
N/A
5 Yr Avg Return
N/A
Net Assets
$87.9 M
Holdings in Top 10
28.0%
52 WEEK LOW AND HIGH
$10.3
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.17%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee 1.00%
Min Investment
Standard (Taxable)
$1,000,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 10/03/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
BAFYX - Profile
Distributions
- YTD Total Return 6.6%
- 3 Yr Annualized Total Return N/A
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency Annually
- Net Income Ratio N/A
- Dividend Yield 0.2%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameBrown Advisory Sustainable Small-Cap Core Fund
-
Fund Family NameBrown Advisory Funds
-
Inception DateSep 30, 2021
-
Shares Outstanding3837005
-
Share ClassInstl
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerEmily Dwyer
Fund Description
Under normal conditions, Brown Advisory LLC (the “Adviser”) seeks to achieve the Fund’s investment objective by investing at least 80% of the value of its net assets (plus any borrowings for investment purposes) in equity securities of small domestic companies that satisfy the Fund’s sustainable investment criteria, together the “Investment Criteria” of the Fund. The Adviser will seek to balance growth oriented and value oriented holdings to achieve a core portfolio. Small companies, according to the Adviser, are companies whose market capitalizations are generally less than $6 billion or the maximum capitalization of companies in the Russell 2000® Index (which was approximately $14.464 billion as of September 30, 2023), whichever is greater, at the time of purchase. The market capitalizations of the companies in the Fund’s portfolio and the Russell 2000® Index changes over time; the Fund will not automatically sell or cease to purchase stock of a company it already owns just because the company’s market capitalization grows or falls outside this range.
Equity securities include domestic common and preferred stock, equity-equivalent securities such as convertible securities, stock futures contracts, equity options, other investment companies, American Depositary Receipts (“ADRs”), real estate investment trusts (“REITs”) and exchange traded funds (“ETFs”). The Fund may also invest in private placements in these types of securities. The Fund may invest in ETFs that have an investment objective similar to the Fund’s or that otherwise are permitted investments with the Fund’s investment policies described herein. ADRs are equity securities traded on U.S. securities exchanges, which are generally issued by banks or trust companies to evidence ownership of foreign equity securities. The Fund may invest up to 20% of its net assets in foreign securities, including in emerging markets.
The Fund will invest primarily in securities the Adviser believes have strong business fundamentals and attractive valuations. The Adviser seeks securities with established or improving sustainability characteristics, defined as companies that use internal sustainability strategies to improve their financial position. The Adviser seeks companies with low exposure to sustainability risks, or that have strong risk management practices in place where these risks may by present.
The Adviser pursues strategic engagement with companies and other stakeholders in an effort to enhance due diligence and monitor the investment thesis.
The Adviser considers each proxy voting proposal related to holdings in the Fund on its own merits and an independent determination is made based on the relevant facts and circumstances, in consideration of the Adviser’s current Proxy Voting Policy.
The Adviser may sell a security or reduce its position if it believes:
•The security subsequently fails to meet initial Investment Criteria;
•A more attractively priced security is found; or
•The security becomes overvalued relative to the long-term expectation.
In order to respond to adverse market, economic, political, or other conditions, the Fund may assume a temporary defensive position that is inconsistent with its investment objective and principal investment strategy and invest without limit in cash and prime quality cash equivalents such as prime commercial paper and other money market instruments.A defensive position, taken at the wrong time, may have an adverse impact on the Fund’s performance.The Fund may be unable to achieve its investment objective during the employment of a temporary defensive measure.
BAFYX - Performance
Return Ranking - Trailing
| Period | BAFYX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 6.6% | -18.2% | 28.9% | 77.59% |
| 1 Yr | 23.9% | -23.0% | 44.3% | 73.63% |
| 3 Yr | N/A* | -12.8% | 43.4% | N/A |
| 5 Yr | N/A* | -12.1% | 35.4% | N/A |
| 10 Yr | N/A* | -2.6% | 18.4% | N/A |
* Annualized
Return Ranking - Calendar
| Period | BAFYX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 17.3% | -19.9% | 29.0% | 20.79% |
| 2022 | -20.0% | -59.3% | 118.2% | 41.63% |
| 2021 | N/A | -31.6% | 39.3% | N/A |
| 2020 | N/A | -51.0% | 39.5% | N/A |
| 2019 | N/A | -5.6% | 37.8% | N/A |
Total Return Ranking - Trailing
| Period | BAFYX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 6.6% | -18.2% | 28.9% | 77.59% |
| 1 Yr | 23.9% | -23.0% | 44.3% | 73.63% |
| 3 Yr | N/A* | -12.8% | 43.4% | N/A |
| 5 Yr | N/A* | -12.1% | 35.4% | N/A |
| 10 Yr | N/A* | -2.6% | 18.4% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | BAFYX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 17.5% | -11.7% | 31.8% | 34.78% |
| 2022 | -20.0% | -45.2% | 123.7% | 77.38% |
| 2021 | N/A | 0.0% | 47.7% | N/A |
| 2020 | N/A | -50.5% | 46.9% | N/A |
| 2019 | N/A | 2.1% | 40.9% | N/A |
NAV & Total Return History
BAFYX - Holdings
Concentration Analysis
| BAFYX | Category Low | Category High | BAFYX % Rank | |
|---|---|---|---|---|
| Net Assets | 87.9 M | 529 K | 145 B | 84.96% |
| Number of Holdings | 70 | 2 | 2445 | 81.95% |
| Net Assets in Top 10 | 21.6 M | 120 K | 9.87 B | 78.01% |
| Weighting of Top 10 | 28.03% | 3.5% | 100.1% | 18.87% |
Top 10 Holdings
- First American Government Obligations Fund 7.21%
- Bright Horizons Family Solutions Inc 2.63%
- Bancorp Inc/The 2.59%
- Onto Innovation Inc 2.50%
- MGIC Investment Corp 2.47%
- SPX Technologies Inc 2.40%
- Valmont Industries Inc 2.19%
- Kadant Inc 2.02%
- Assured Guaranty Ltd 2.02%
- Encompass Health Corp 2.01%
Asset Allocation
| Weighting | Return Low | Return High | BAFYX % Rank | |
|---|---|---|---|---|
| Stocks | 92.76% | 7.51% | 107.74% | 95.30% |
| Cash | 7.24% | 0.00% | 42.24% | 9.02% |
| Preferred Stocks | 0.00% | 0.00% | 6.06% | 9.02% |
| Other | 0.00% | -0.13% | 49.08% | 46.99% |
| Convertible Bonds | 0.00% | 0.00% | 3.17% | 7.91% |
| Bonds | 0.00% | 0.00% | 87.66% | 15.60% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | BAFYX % Rank | |
|---|---|---|---|---|
| Technology | 21.06% | 0.00% | 43.95% | 7.22% |
| Industrials | 19.89% | 2.46% | 37.42% | 24.14% |
| Financial Services | 18.04% | 0.00% | 35.52% | 22.62% |
| Healthcare | 16.42% | 0.00% | 26.53% | 16.73% |
| Consumer Cyclical | 7.06% | 0.99% | 47.79% | 90.68% |
| Real Estate | 6.45% | 0.00% | 29.43% | 61.60% |
| Basic Materials | 4.17% | 0.00% | 18.66% | 61.98% |
| Consumer Defense | 3.90% | 0.00% | 18.87% | 61.98% |
| Communication Services | 3.02% | 0.00% | 14.85% | 40.11% |
| Utilities | 0.00% | 0.00% | 18.58% | 89.54% |
| Energy | 0.00% | 0.00% | 37.72% | 94.49% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | BAFYX % Rank | |
|---|---|---|---|---|
| US | 92.76% | 4.48% | 107.74% | 92.29% |
| Non US | 0.00% | 0.00% | 94.62% | 23.31% |
BAFYX - Expenses
Operational Fees
| BAFYX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.17% | 0.01% | 38.30% | 39.62% |
| Management Fee | 0.85% | 0.00% | 1.50% | 72.83% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 0.45% | N/A |
Sales Fees
| BAFYX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 3.50% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| BAFYX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | 1.00% | 1.00% | 2.00% | 80.43% |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| BAFYX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | 1.00% | 314.00% | N/A |
BAFYX - Distributions
Dividend Yield Analysis
| BAFYX | Category Low | Category High | BAFYX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.15% | 0.00% | 42.47% | 74.44% |
Dividend Distribution Analysis
| BAFYX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | None | Annually | Quarterly | Annual |
Net Income Ratio Analysis
| BAFYX | Category Low | Category High | BAFYX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | N/A | -2.40% | 2.49% | N/A |
Capital Gain Distribution Analysis
| BAFYX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 26, 2023 | $0.016 | OrdinaryDividend |
| Dec 13, 2022 | $0.000 | CapitalGainLongTerm |
BAFYX - Fund Manager Analysis
Managers
Emily Dwyer
Start Date
Tenure
Tenure Rank
Aug 29, 2021
0.75
0.8%
Emily Dwyer has served as portfolio manager of the Fund since its inception in 2021. Ms. Dwyer also serves as a portfolio manager and senior equity ESG research analyst at Brown Advisory. Prior to joining the firm in 2014, she held research positions at the United Nations Environmental Programme Finance Initiative, Parnassus Investments, and Sustainalytics. Ms. Dwyer earned a dual B.A.in Economics and Environmental Science & Policy from Smith College.
Timothy Hathaway
Start Date
Tenure
Tenure Rank
Aug 29, 2021
0.75
0.8%
Timothy Hathaway, CFA, is the director of research and institutional investment management. He was co-portfolio manager of the Small-Cap Growth strategy for nine years until June 2014. Prior to that, he was a research analyst with the Large-Cap Equity team and was responsible for research in the consumer discretionary and energy sectors.
Kenneth Coe
Start Date
Tenure
Tenure Rank
Aug 29, 2021
0.75
0.8%
Kenneth Coe III, CFA, has served as associate portfolio manager of the Fund since its inception in 2021. Mr. Coe also serves as an equity research analyst covering the financial sector. Prior to joining the firm in 2013, he served as an analyst at First Annapolis Consulting and also worked on a financial econometrics research study. Mr. Coe earned a B.A. in Economics from Wake Forest University.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 49.61 | 7.18 | 2.58 |
