Dividend Investing Ideas Center
Critical Facts You Need to Know About Preferred Stocks
Have you ever wished for the safety of bonds, but the return potential...
Name
As of 10/04/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
$25.23
$2.16 B
0.01%
$0.00
1.06%
YTD Return
9.7%
1 yr return
30.9%
3 Yr Avg Return
-1.5%
5 Yr Avg Return
10.0%
Net Assets
$2.16 B
Holdings in Top 10
45.8%
Expense Ratio 1.06%
Front Load N/A
Deferred Load N/A
Turnover 8.00%
Redemption Fee 2.00%
Standard (Taxable)
$500,000
IRA
N/A
Fund Type
Open End Mutual Fund
Name
As of 10/04/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
$25.23
$2.16 B
0.01%
$0.00
1.06%
The International Small Company Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in the equity securities of non-U.S. based companies with total operating revenues of $500 million or less at the time of the initial investment, (“small companies”). It is important to note that the International Small Company Fund does NOT choose its portfolio companies based on a reference to market capitalization. Rather, the focus of the International Small Company Fund is on the revenue produced by the issuer of the securities.
The International Small Company Fund typically invests in common stocks. The Advisor seeks to build a portfolio of exceptional small companies with the wherewithal to become exceptional large companies. The International Small Company Fund typically holds a portfolio of between 40 – 65 securities which the Advisor believes have the potential for growth.
The International Small Company Fund considers an issuer to be non–U.S. based if: (1) the issuer is organized under the laws of a jurisdiction other than those of the U.S.; (2) the securities of the issuer have a primary listing on a stock exchange outside the U.S. regardless of the country in which the issuer is organized; or (3) the issuer derives 50% or more of its total revenue from goods and/or services produced or sold outside of the U.S. The Fund may invest in the securities of emerging or developing markets.
The Advisor’s Philosophy
The Advisor believes that a sustained commitment to a portfolio of exceptional companies will, over time, generate attractive long-term returns. The Advisor believes exceptional companies save time, lives, money or headaches or provide an exceptional value proposition to consumers. The Advisor views these differentiated organizations as having the wherewithal to provide unique solutions that include, but are not limited to, the utilization of innovative technology and insight to help address or redefine the challenges faced by institutions or consumers. These companies often retain a long-term growth plan, durable revenue growth, defensible market presence and profitability to fuel and sustain earnings per share growth. While investing in exceptional growth companies is paramount, the Advisor believes in being disciplined and deliberate about what it is willing to pay for growth opportunities and doing so in a benchmark agnostic manner (meaning that the Advisor selects companies without consideration of benchmarks by which the Fund is measured). Because the International Small Company Fund is managed in a benchmark agnostic manner, an unintended consequence is that the Fund may have sector exposure.
The Advisor’s Investment Approach
The Advisor believes an investment program establishes the processes necessary to identify, research and construct a portfolio. The Advisor distinguishes “Small Company” from “small capitalization” investing by its use of revenue not market capitalization to identify and invest in exceptional small companies that have the wherewithal to become exceptional larger companies. The Advisor sources ideas from many places. Companies eligible for investment typically generate no more than $500 million in revenue at the time of initial investment. The Advisor’s investment professionals retain dual duties, managing the portfolio as a team and serving as generalists in their analytical role. They discuss prospective portfolio candidates with teammates before any in depth research is performed to ensure the commitment of time dedicated to understanding the company makes sense to all team members.
The Advisor believes that in-depth fundamental research, when applied over a three to five-year time horizon, and implemented within a benchmark agnostic framework, has the potential to generate attractive long-term returns.
Therefore, the foundation of the Advisor’s process is fundamental analysis. Valuation is also part of the investment process.
The Advisor constructs the International Small Company Fund’s portfolio to generally be no more than 5% in cash. The Advisor believes a diversified portfolio of 40-65 securities and their research efforts may, collectively, reduce portfolio risk.
The Advisor generally expects to hold securities for the long term. The Advisor typically sells securities from the International Small Company Fund’s portfolio when the Advisor determines that the investment thesis driving the purchase of the company changes, the Advisor has a better investment idea, and/or its valuation no longer meets expectations.
Period | BCSFX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 9.7% | -7.0% | 17.2% | 33.61% |
1 Yr | 30.9% | -1.4% | 38.1% | 8.40% |
3 Yr | -1.5%* | -23.5% | 0.7% | 21.05% |
5 Yr | 10.0%* | -9.6% | 10.7% | 1.83% |
10 Yr | N/A* | 2.2% | 8.2% | N/A |
* Annualized
Period | BCSFX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 20.4% | -16.8% | 28.8% | 6.72% |
2022 | -31.4% | -46.4% | -21.4% | 56.52% |
2021 | 7.4% | -30.6% | 16.4% | 17.43% |
2020 | 44.0% | 0.3% | 62.2% | 5.50% |
2019 | 26.4% | 9.7% | 44.0% | 33.96% |
Period | BCSFX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 9.7% | -7.0% | 17.2% | 33.61% |
1 Yr | 30.9% | -1.4% | 38.1% | 8.40% |
3 Yr | -1.5%* | -23.5% | 0.7% | 21.05% |
5 Yr | 10.0%* | -9.6% | 10.7% | 1.83% |
10 Yr | N/A* | 2.2% | 8.2% | N/A |
* Annualized
Period | BCSFX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 20.4% | -16.5% | 30.7% | 7.56% |
2022 | -31.4% | -46.4% | -18.5% | 66.09% |
2021 | 13.0% | -30.6% | 24.7% | 34.86% |
2020 | 45.1% | 1.6% | 68.3% | 8.26% |
2019 | 26.8% | 9.7% | 44.0% | 50.94% |
BCSFX | Category Low | Category High | BCSFX % Rank | |
---|---|---|---|---|
Net Assets | 2.16 B | 25.2 K | 6.45 B | 20.17% |
Number of Holdings | 40 | 36 | 1313 | 93.28% |
Net Assets in Top 10 | 966 M | 933 K | 1.04 B | 2.52% |
Weighting of Top 10 | 45.77% | 9.6% | 59.9% | 2.52% |
Weighting | Return Low | Return High | BCSFX % Rank | |
---|---|---|---|---|
Stocks | 98.31% | 91.79% | 101.99% | 32.77% |
Cash | 1.69% | 0.00% | 8.72% | 61.34% |
Preferred Stocks | 0.00% | 0.00% | 7.13% | 97.48% |
Other | 0.00% | 0.00% | 4.63% | 98.32% |
Convertible Bonds | 0.00% | 0.00% | 0.00% | 97.48% |
Bonds | 0.00% | 0.00% | 2.77% | 97.48% |
Weighting | Return Low | Return High | BCSFX % Rank | |
---|---|---|---|---|
Technology | 34.51% | 6.70% | 37.76% | 3.36% |
Healthcare | 29.97% | 1.74% | 29.97% | 1.68% |
Communication Services | 11.71% | 1.49% | 23.23% | 9.24% |
Financial Services | 7.63% | 1.92% | 22.28% | 63.03% |
Consumer Cyclical | 4.64% | 1.31% | 28.28% | 89.92% |
Consumer Defense | 4.60% | 1.61% | 17.90% | 60.50% |
Utilities | 4.35% | 0.00% | 5.12% | 5.04% |
Basic Materials | 2.19% | 0.00% | 18.70% | 81.51% |
Energy | 0.40% | 0.00% | 9.29% | 70.59% |
Real Estate | 0.00% | 0.00% | 13.00% | 99.16% |
Industrials | 0.00% | 0.00% | 40.13% | 100.00% |
Weighting | Return Low | Return High | BCSFX % Rank | |
---|---|---|---|---|
Non US | 88.18% | 64.54% | 99.31% | 81.51% |
US | 10.13% | 0.00% | 33.08% | 21.01% |
BCSFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.06% | 0.01% | 41.09% | 88.24% |
Management Fee | 1.00% | 0.00% | 1.75% | 74.79% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.05% | 0.26% | N/A |
BCSFX 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% | 4.00% | N/A |
BCSFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | 2.00% | 2.00% | 2.00% | 94.74% |
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.
BCSFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 8.00% | 8.00% | 236.00% | 2.08% |
BCSFX | Category Low | Category High | BCSFX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.01% | 0.00% | 5.44% | 70.59% |
BCSFX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annual | Annual | SemiAnnual | Annual |
BCSFX | Category Low | Category High | BCSFX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.04% | -1.81% | 1.51% | 49.12% |
BCSFX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Date | Amount | Type |
---|---|---|
Dec 28, 2023 | $0.002 | OrdinaryDividend |
Dec 28, 2022 | $0.018 | OrdinaryDividend |
Dec 10, 2021 | $1.389 | OrdinaryDividend |
Dec 11, 2020 | $0.188 | OrdinaryDividend |
Dec 27, 2019 | $0.005 | OrdinaryDividend |
Dec 12, 2019 | $0.049 | CapitalGainShortTerm |
Dec 12, 2019 | $0.005 | CapitalGainLongTerm |
Dec 12, 2018 | $0.033 | CapitalGainShortTerm |
Dec 12, 2018 | $0.011 | CapitalGainLongTerm |
Dec 12, 2017 | $0.032 | CapitalGainShortTerm |
Dec 12, 2017 | $0.012 | CapitalGainLongTerm |
Dec 13, 2016 | $0.222 | CapitalGainShortTerm |
Start Date
Tenure
Tenure Rank
Sep 30, 2015
6.67
6.7%
Managing Director and Senior Portfolio Manager Maurice L. Haywood joined Brown Capital Management in 2000 and serves on the firm’s board of directors. Prior to this, Maurice was a partner and investment analyst at Holland Capital Management, and an assistant VP at the First National Bank of Chicago. Maurice holds an MBA in finance and marketing from the J.L. Kellogg Graduate School of Management at Northwestern University and a BA in accounting and finance from Morehouse College, where he graduated magna cum laude and Phi Beta Kappa. A CFA charterholder, Maurice is a member of the CFA Institute and the Baltimore CFA Society Inc.
Start Date
Tenure
Tenure Rank
Sep 30, 2015
6.67
6.7%
Managing Director and Senior Portfolio Manager Duncan J. Evered joined Brown Capital Management in 2011. Prior to joining the firm, Duncan served as a portfolio manager and, previously, as a senior analyst at American Express Financial Advisors. Prior to that, he was a general partner at Emerging Growth Partners, L.P. Duncan has managed both institutional portfolios and mutual funds in the small and mid-cap growth equity areas. He earned an MBA from the Stanford Graduate School of Business and a BS in mathematical sciences from Stanford University.
Start Date
Tenure
Tenure Rank
Dec 31, 2017
4.42
4.4%
Director and Portfolio Manager Kabir Goyal joined Brown Capital Management in 2017. Prior to this, Kabir was an Associate Portfolio Manager for the Wasatch International Growth Fund since 2015 and joined Wasatch Advisors in 2012 as a Senior Equities Analyst on the international research team. Before joining Wasatch Advisors, Kabir worked as an equity analyst at Putnam Investments in Boston, focusing on international industrials and materials. He began his career at Cambridge Associates in Menlo Park, California. where he was promoted to senior associate and team leader of the associates. In addition to the CFA certification, Kabir holds an MBA from the MIT Sloan School of Management and a BA in computer science and economics from Pomona College.
Start Date
Tenure
Tenure Rank
Apr 03, 2019
3.16
3.2%
Prior to joining Chautauqua Capital in 2013, Mr. Boston served as a Senior Portfolio Manager and Head of International Equity for Ensign Peak Advisors. He was responsible for constructing and managing the firm’s international all-cap equity portfolio and institutionalizing the firm’s fundamental research process. Before that, Mr. Boston served as a Senior Equity Analyst at Wasatch Advisors, working as a generalist and a financial sector specialist supporting both domestic and international equity funds. He also worked on the international growth team at Artisan Partners as an Equity Research Intern. He holds a B.S. in Accounting from Brigham Young University, and an M.B.A. from the Yale School of Management. During his time at Yale, he served as a research assistant to Nobel Laureate Economist Robert Shiller.
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.17 | 28.52 | 5.76 | 0.17 |
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