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Brown Advisory Mid-Cap Growth Fund
mutual fund
BMIDX
Payout Change
Suspended
Price as of:
$16.1
+0.11
+0.69%
primary theme
U.S. Mid-Cap Growth Equity
share class
BMIDX (Mutual Fund)
Brown Advisory Mid-Cap Growth Fund
Payout Change
Suspended
Price as of:
$16.1
+0.11
+0.69%
primary theme
U.S. Mid-Cap Growth Equity
share class
BMIDX (Mutual Fund)
Brown Advisory Mid-Cap Growth Fund
Payout Change
Suspended
Price as of:
$16.1
+0.11
+0.69%
primary theme
U.S. Mid-Cap Growth Equity
share class
Name
As of 10/04/2024Price
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
11.0%
1 yr return
27.5%
3 Yr Avg Return
-0.8%
5 Yr Avg Return
8.1%
Net Assets
$97.7 M
Holdings in Top 10
29.9%
52 WEEK LOW AND HIGH
$16.0
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.99%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 48.00%
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 10/04/2024Price
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
BMIDX - Profile
Distributions
- YTD Total Return 11.0%
- 3 Yr Annualized Total Return -0.8%
- 5 Yr Annualized Total Return 8.1%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.44%
- Dividend Yield 0.0%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameBrown Advisory Mid-Cap Growth Fund
-
Fund Family NameBrown Advisory Funds
-
Inception DateOct 02, 2017
-
Shares Outstanding8103668
-
Share ClassInvestor
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerChristopher Berrier
Fund Description
Under normal conditions, 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 mid-cap domestic companies. The Adviser considers mid-cap companies to be those with market capitalizations that fall within the range of the market capitalizations of companies in the Russell Midcap® Growth Index. As of September 30, 2023, the range was from $223.4 million to $53.044 billion dollars. Market capitalization is measured 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 to compound earnings at an above-average rate for an extended period of time. The Fund invests primarily in companies the Adviser believes possess “3G” criteria: durable growth, sound governance, and scalable go-to-market strategies. In considering durable growth, the Adviser assesses whether there is a large and growing market, whether the company is a market leader and/or is gaining market share, and whether a company has a differentiated product offering. The Adviser examines a company’s governance characteristics including the strength of management, whether there is a shareholder-friendly board, and whether there is an aligned incentive system between management and shareholders. Finally, the Adviser evaluates whether a company’s go-to-market strategies will result in incremental revenue, high and/or rising margins, and the efficient use of capital.
Equity securities include domestic common and preferred stock, convertible debt securities, American Depositary Receipts (“ADRs”), real estate investment trusts (“REITs”), exchange traded funds (“ETFs”), and other types of investment companies. The Fund may also invest in private placements in these types of securities. The Fund may invest in ETFs and other types of investment companies 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.
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.
BMIDX - Performance
Return Ranking - Trailing
| Period | BMIDX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 11.0% | -13.7% | 60.8% | 55.24% |
| 1 Yr | 27.5% | 11.4% | 56.3% | 53.71% |
| 3 Yr | -0.8%* | -25.0% | 57.4% | 59.19% |
| 5 Yr | 8.1%* | -2.9% | 102.8% | 81.31% |
| 10 Yr | N/A* | 2.6% | 25.3% | N/A |
* Annualized
Return Ranking - Calendar
| Period | BMIDX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 23.0% | -27.7% | 68.0% | 25.81% |
| 2022 | -32.7% | -85.6% | 52.8% | 61.92% |
| 2021 | -3.7% | -74.9% | 238.3% | 59.41% |
| 2020 | 32.3% | -44.1% | 2474.5% | 37.09% |
| 2019 | 37.7% | -50.2% | 44.0% | 5.07% |
Total Return Ranking - Trailing
| Period | BMIDX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 11.0% | -13.7% | 60.8% | 55.24% |
| 1 Yr | 27.5% | 11.4% | 56.3% | 53.71% |
| 3 Yr | -0.8%* | -25.0% | 57.4% | 59.19% |
| 5 Yr | 8.1%* | -2.9% | 102.8% | 81.31% |
| 10 Yr | N/A* | 2.6% | 25.3% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | BMIDX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 23.0% | -26.1% | 68.0% | 33.27% |
| 2022 | -28.2% | -67.0% | 56.8% | 51.92% |
| 2021 | 6.3% | -23.5% | 342.2% | 81.39% |
| 2020 | 32.3% | 2.6% | 2549.1% | 63.52% |
| 2019 | 38.1% | 14.6% | 44.8% | 19.87% |
NAV & Total Return History
BMIDX - Holdings
Concentration Analysis
| BMIDX | Category Low | Category High | BMIDX % Rank | |
|---|---|---|---|---|
| Net Assets | 97.7 M | 2.73 M | 100 B | 87.24% |
| Number of Holdings | 59 | 24 | 3590 | 76.76% |
| Net Assets in Top 10 | 29 M | 670 K | 11.3 B | 87.24% |
| Weighting of Top 10 | 29.94% | 4.5% | 98.2% | 36.19% |
Top 10 Holdings
- Dexcom Inc 3.77%
- First American Government Obligations Fund 3.61%
- Marvell Technology Inc 3.59%
- Waste Connections Inc 3.12%
- Cheniere Energy Inc 2.97%
- Copart Inc 2.64%
- CoStar Group Inc 2.63%
- Edwards Lifesciences Corp 2.60%
- Gartner Inc 2.53%
- Fair Isaac Corp 2.46%
Asset Allocation
| Weighting | Return Low | Return High | BMIDX % Rank | |
|---|---|---|---|---|
| Stocks | 96.67% | 58.72% | 103.99% | 80.95% |
| Cash | 3.61% | 0.00% | 41.99% | 19.43% |
| Preferred Stocks | 0.00% | 0.00% | 5.73% | 57.33% |
| Other | 0.00% | -0.04% | 14.45% | 63.24% |
| Convertible Bonds | 0.00% | 0.00% | 0.40% | 50.86% |
| Bonds | 0.00% | 0.00% | 2.35% | 55.43% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | BMIDX % Rank | |
|---|---|---|---|---|
| Technology | 27.61% | 0.04% | 62.17% | 67.43% |
| Healthcare | 22.29% | 0.00% | 37.06% | 15.81% |
| Industrials | 17.63% | 0.00% | 38.23% | 24.00% |
| Consumer Cyclical | 17.21% | 0.00% | 57.41% | 20.57% |
| Communication Services | 6.39% | 0.00% | 18.33% | 10.86% |
| Real Estate | 5.95% | 0.00% | 19.28% | 17.33% |
| Financial Services | 2.18% | 0.00% | 43.01% | 92.38% |
| Consumer Defense | 0.75% | 0.00% | 16.40% | 73.71% |
| Utilities | 0.00% | 0.00% | 12.94% | 63.24% |
| Energy | 0.00% | 0.00% | 62.10% | 82.29% |
| Basic Materials | 0.00% | 0.00% | 17.25% | 88.38% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | BMIDX % Rank | |
|---|---|---|---|---|
| US | 96.67% | 46.79% | 103.99% | 69.33% |
| Non US | 0.00% | 0.00% | 34.12% | 63.24% |
BMIDX - Expenses
Operational Fees
| BMIDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.99% | 0.02% | 17.54% | 57.33% |
| Management Fee | 0.65% | 0.00% | 1.50% | 34.54% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.00% | 0.40% | N/A |
Sales Fees
| BMIDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 3.00% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| BMIDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | 1.00% | 1.00% | 2.00% | 95.45% |
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.
| BMIDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 48.00% | 0.00% | 250.31% | 58.77% |
BMIDX - Distributions
Dividend Yield Analysis
| BMIDX | Category Low | Category High | BMIDX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 33.43% | 60.38% |
Dividend Distribution Analysis
| BMIDX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | None | Annual | SemiAnnual | Annual |
Net Income Ratio Analysis
| BMIDX | Category Low | Category High | BMIDX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -0.44% | -2.24% | 2.75% | 35.20% |
Capital Gain Distribution Analysis
| BMIDX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 13, 2022 | $0.814 | CapitalGainLongTerm |
| Dec 14, 2021 | $1.749 | OrdinaryDividend |
| Dec 16, 2019 | $0.025 | CapitalGainShortTerm |
| Dec 16, 2019 | $0.011 | CapitalGainLongTerm |
| Dec 17, 2018 | $0.114 | CapitalGainShortTerm |
BMIDX - Fund Manager Analysis
Managers
Christopher Berrier
Start Date
Tenure
Tenure Rank
Oct 02, 2017
4.66
4.7%
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 02, 2017
4.66
4.7%
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.
Emily Wachtmeister
Start Date
Tenure
Tenure Rank
Mar 31, 2021
1.17
1.2%
Emmy Wachtmeister, CFA, serves as an equity research analyst in the Technology sector at Brown Advisory LLC. Prior to joining Brown Advisory in 2013, Ms. Wachtmeister worked in equity research at Morgan Stanley. She received a B.A. from Washington and Lee University in 2011
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.04 | 36.3 | 9.4 | 11.76 |
