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Brown Advisory Small-Cap Growth Fund
mutual fund
BIASX
Payout Change
Suspended
Price as of:
$23.59
+0.06
+0.25%
primary theme
U.S. Small-Cap Growth Equity
share class
BIASX (Mutual Fund)
Brown Advisory Small-Cap Growth Fund
Payout Change
Suspended
Price as of:
$23.59
+0.06
+0.25%
primary theme
U.S. Small-Cap Growth Equity
share class
BIASX (Mutual Fund)
Brown Advisory Small-Cap Growth Fund
Payout Change
Suspended
Price as of:
$23.59
+0.06
+0.25%
primary theme
U.S. Small-Cap Growth Equity
share class
Name
As of 10/02/2024Price
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
4.3%
1 yr return
16.4%
3 Yr Avg Return
-1.7%
5 Yr Avg Return
7.4%
Net Assets
$1.6 B
Holdings in Top 10
26.7%
52 WEEK LOW AND HIGH
$23.5
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.13%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 32.00%
Redemption Fee 1.00%
Min Investment
Standard (Taxable)
$100
IRA
$100
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 10/02/2024Price
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
BIASX - Profile
Distributions
- YTD Total Return 4.3%
- 3 Yr Annualized Total Return -1.7%
- 5 Yr Annualized Total Return 7.4%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.76%
- Dividend Yield 0.0%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameBrown Advisory Small-Cap Growth Fund
-
Fund Family NameBrown Advisory Funds
-
Inception DateOct 15, 2012
-
Shares Outstanding33352718
-
Share ClassInvestor
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerChristopher Berrier
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. 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® Growth Index (which was approximately $14.464 billion as of September 30, 2023), whichever is greater, at the time of purchase. The Fund invests primarily in companies the Adviser believes have above average growth prospects. The Adviser conducts an in-depth analysis of a company’s fundamentals to identify those companies it believes have the potential for long-term earnings growth that is not fully reflected in the security’s price.
Equity securities include domestic common and preferred stock, convertible debt securities, 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 invests primarily 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 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.
BIASX - Performance
Return Ranking - Trailing
| Period | BIASX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 4.3% | -12.6% | 49.1% | 92.03% |
| 1 Yr | 16.4% | 2.8% | 55.8% | 92.75% |
| 3 Yr | -1.7%* | -21.5% | 59.7% | 55.15% |
| 5 Yr | 7.4%* | -2.0% | 48.0% | 82.24% |
| 10 Yr | 9.8%* | 1.9% | 25.0% | 38.36% |
* Annualized
Return Ranking - Calendar
| Period | BIASX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 12.4% | -20.5% | 54.6% | 66.00% |
| 2022 | -26.2% | -82.1% | 32.2% | 22.79% |
| 2021 | -5.6% | -90.6% | 300.1% | 45.45% |
| 2020 | 30.7% | -63.0% | 127.9% | 44.04% |
| 2019 | 30.8% | -7.7% | 42.9% | 11.07% |
Total Return Ranking - Trailing
| Period | BIASX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 4.3% | -12.6% | 49.1% | 92.03% |
| 1 Yr | 16.4% | 2.8% | 55.8% | 92.75% |
| 3 Yr | -1.7%* | -21.5% | 59.7% | 55.15% |
| 5 Yr | 7.4%* | -2.0% | 48.0% | 82.24% |
| 10 Yr | 9.8%* | 1.9% | 25.0% | 38.36% |
* Annualized
Total Return Ranking - Calendar
| Period | BIASX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 12.4% | -19.0% | 136.8% | 76.91% |
| 2022 | -20.3% | -59.9% | 44.3% | 11.95% |
| 2021 | 7.4% | -22.7% | 411.9% | 60.48% |
| 2020 | 31.8% | 1.5% | 150.8% | 65.77% |
| 2019 | 33.5% | 5.5% | 55.3% | 33.00% |
NAV & Total Return History
BIASX - Holdings
Concentration Analysis
| BIASX | Category Low | Category High | BIASX % Rank | |
|---|---|---|---|---|
| Net Assets | 1.6 B | 214 K | 34.3 B | 32.25% |
| Number of Holdings | 80 | 7 | 1226 | 67.21% |
| Net Assets in Top 10 | 433 M | 52.5 K | 3.24 B | 34.06% |
| Weighting of Top 10 | 26.70% | 7.9% | 100.0% | 35.03% |
Top 10 Holdings
- Bright Horizons Family Solutions Inc 3.82%
- First American Government Obligations Fund 2.97%
- Waste Connections Inc 2.70%
- HealthEquity Inc 2.60%
- Prosperity Bancshares Inc 2.58%
- ChampionX Corp 2.57%
- Casey's General Stores Inc 2.51%
- Valmont Industries Inc 2.51%
- Neurocrine Biosciences Inc 2.25%
- Dynatrace Inc 2.19%
Asset Allocation
| Weighting | Return Low | Return High | BIASX % Rank | |
|---|---|---|---|---|
| Stocks | 97.04% | 85.75% | 107.62% | 68.12% |
| Cash | 2.97% | 0.00% | 28.78% | 34.78% |
| Preferred Stocks | 0.00% | 0.00% | 4.63% | 91.49% |
| Other | 0.00% | -0.26% | 6.70% | 87.86% |
| Convertible Bonds | 0.00% | 0.00% | 1.57% | 91.12% |
| Bonds | 0.00% | 0.00% | 3.83% | 91.12% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | BIASX % Rank | |
|---|---|---|---|---|
| Technology | 27.60% | 2.91% | 75.51% | 31.88% |
| Healthcare | 21.30% | 0.00% | 47.90% | 58.88% |
| Consumer Cyclical | 17.38% | 0.00% | 24.04% | 9.24% |
| Industrials | 15.66% | 0.00% | 36.64% | 67.57% |
| Communication Services | 5.48% | 0.00% | 15.31% | 3.80% |
| Real Estate | 3.44% | 0.00% | 15.31% | 27.36% |
| Basic Materials | 3.41% | 0.00% | 9.24% | 28.99% |
| Financial Services | 2.85% | 0.00% | 42.95% | 89.86% |
| Energy | 1.60% | 0.00% | 55.49% | 65.04% |
| Consumer Defense | 1.29% | 0.00% | 13.56% | 90.58% |
| Utilities | 0.00% | 0.00% | 5.57% | 92.57% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | BIASX % Rank | |
|---|---|---|---|---|
| US | 97.04% | 17.30% | 107.62% | 58.51% |
| Non US | 0.00% | 0.00% | 77.12% | 93.48% |
BIASX - Expenses
Operational Fees
| BIASX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.13% | 0.05% | 23.20% | 56.62% |
| Management Fee | 0.85% | 0.05% | 1.62% | 74.59% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | 18.04% |
| Administrative Fee | N/A | 0.01% | 0.40% | N/A |
Sales Fees
| BIASX 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
| BIASX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | 1.00% | 1.00% | 2.00% | 93.88% |
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.
| BIASX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 32.00% | 3.00% | 439.00% | 24.17% |
BIASX - Distributions
Dividend Yield Analysis
| BIASX | Category Low | Category High | BIASX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 6.91% | 93.30% |
Dividend Distribution Analysis
| BIASX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | None | Annual | SemiAnnual | Annual |
Net Income Ratio Analysis
| BIASX | Category Low | Category High | BIASX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -0.76% | -2.47% | 1.10% | 53.85% |
Capital Gain Distribution Analysis
| BIASX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Monthly | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 13, 2022 | $1.654 | CapitalGainLongTerm |
| Dec 14, 2021 | $3.604 | OrdinaryDividend |
| Dec 15, 2020 | $0.224 | CapitalGainLongTerm |
| Dec 16, 2019 | $0.061 | CapitalGainShortTerm |
| Dec 16, 2019 | $0.381 | CapitalGainLongTerm |
| Dec 21, 2018 | $0.075 | OrdinaryDividend |
| Dec 17, 2018 | $0.174 | CapitalGainShortTerm |
| Dec 17, 2018 | $0.624 | CapitalGainLongTerm |
| Dec 27, 2017 | $0.059 | OrdinaryDividend |
| Dec 19, 2017 | $0.254 | CapitalGainLongTerm |
| Dec 19, 2016 | $0.100 | CapitalGainShortTerm |
| Dec 19, 2016 | $0.465 | CapitalGainLongTerm |
| Dec 21, 2015 | $0.048 | CapitalGainShortTerm |
| Dec 21, 2015 | $2.509 | CapitalGainLongTerm |
| Dec 23, 2014 | $2.120 | CapitalGainLongTerm |
| Dec 13, 2013 | $0.110 | CapitalGainShortTerm |
| Dec 13, 2013 | $0.738 | CapitalGainLongTerm |
| Dec 12, 2012 | $1.355 | CapitalGainLongTerm |
BIASX - Fund Manager Analysis
Managers
Christopher Berrier
Start Date
Tenure
Tenure Rank
Apr 25, 2006
16.11
16.1%
Christopher Berrier has been the portfolio manager of the Small-cap Growth strategy since April of 2006 and the Mid-cap Growth strategy since inception. Prior to joining the firm in 2005, Chris was a senior equity analyst at T. Rowe Price, covering multiple sectors with a primary focus on small- and mid-capitalization growth companies. He received a B.A. in economics from Princeton University in 2000.
George Sakellaris
Start Date
Tenure
Tenure Rank
Oct 31, 2017
4.58
4.6%
George is a portfolio manager of the Mid-Cap Growth strategy and an associate portfolio manager for the Small-Cap Growth strategy. Prior to joining the firm, he started and managed a small-cap growth strategy at Credo Capital Management and served as director of research and an analyst for GARP Research & Securities.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 30.44 | 9.12 | 5.25 |
