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Trending ETFs

Name

As of 01/12/2024

Price

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

$11.58

$66.5 M

3.25%

$0.38

1.22%

Vitals

YTD Return

-0.1%

1 yr return

4.9%

3 Yr Avg Return

5.9%

5 Yr Avg Return

9.8%

Net Assets

$66.5 M

Holdings in Top 10

39.0%

52 WEEK LOW AND HIGH

$11.6
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.22%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 20.00%

Redemption Fee 1.00%


Min Investment

Standard (Taxable)

$100

IRA

$100


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 01/12/2024

Price

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

$11.58

$66.5 M

3.25%

$0.38

1.22%

BADAX - Profile

Distributions

  • YTD Total Return -0.1%
  • 3 Yr Annualized Total Return 5.9%
  • 5 Yr Annualized Total Return 9.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.19%
DIVIDENDS
  • Dividend Yield 3.2%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Brown Advisory Equity Income Fund
  • Fund Family Name
    Brown Advisory Funds
  • Inception Date
    Dec 29, 2011
  • Shares Outstanding
    74707
  • Share Class
    Adv
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Brian Graney

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 a diversified portfolio of dividend paying equity securities.  The Adviser may invest in securities of companies of various market capitalizations but will focus on medium and large capitalization companies.  Medium and large market capitalization companies are, according to the Adviser, those companies with market capitalizations of greater than $2 billion at the time of initial investment.  Equity securities include domestic and foreign common and preferred stock, convertible debt securities, American Depositary Receipts (“ADRs”), Master Limited Partnerships (“MLPs”), real estate investment trusts (“REITs”) and exchange traded funds (“ETFs”), and the Fund may also invest in private placements in these types of securities.  To the extent the Fund invests in MLPs, its investments will be restricted to holding interests in limited partners of such investments.  To the extent the Fund invests in ETFs, it will do so 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 also invest in debt-securities, including lower-rated debt-securities (“junk bonds”) and foreign securities including depositary receipts.
As the Adviser seeks to reduce the risk of permanent loss of capital, the Adviser follows an investment strategy referred to as “equity income”, emphasizing current income and a conservative stock portfolio.  The equity income strategy seeks to generally maintain a portfolio yield that is greater than the S&P 500® Index.  Within that context, the balance between current income and prospective growth of dividends is driven by fundamental stock selection.
The Fund may invest up to 25% of its net assets in publicly traded MLPs. MLPs are businesses organized as limited partnerships that trade their proportionate shares of the partnership (units) on a public exchange. MLPs are required to pay out most or all of their earnings in distributions.
With respect to 20% of its assets, the Fund may invest in (1) investment grade and non-investment grade debt securities (i.e., junk bonds), or (2) unrated debt securities determined by the Adviser to be of comparable quality. 
The Adviser may sell a stock if the stock has reached a price whereby its risk/reward characteristics are not as favorable, the company’s fundamentals have deteriorated so that the original investment thesis for holding the stock no longer holds or if a better opportunity has been identified.
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.
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BADAX - Performance

Return Ranking - Trailing

Period BADAX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.1% -3.5% 5.4% 75.55%
1 Yr 4.9% -6.3% 34.9% 97.50%
3 Yr 5.9%* -11.7% 30.8% 86.92%
5 Yr 9.8%* -7.3% 108.8% 90.47%
10 Yr 7.6%* -0.1% 20.0% 91.86%

* Annualized

Return Ranking - Calendar

Period BADAX Return Category Return Low Category Return High Rank in Category (%)
2023 -11.0% -42.6% 47.4% 98.67%
2022 -19.7% -56.3% 6.8% 31.42%
2021 14.3% -27.2% 53.7% 62.82%
2020 -0.4% -36.2% 2181.7% 93.59%
2019 19.1% -22.7% 40.4% 73.47%

Total Return Ranking - Trailing

Period BADAX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.1% -3.5% 5.4% 75.55%
1 Yr 4.9% -6.3% 34.9% 97.50%
3 Yr 5.9%* -11.7% 30.8% 86.92%
5 Yr 9.8%* -7.3% 108.8% 90.47%
10 Yr 7.6%* -0.1% 20.0% 91.86%

* Annualized

Total Return Ranking - Calendar

Period BADAX Return Category Return Low Category Return High Rank in Category (%)
2023 8.1% -18.7% 47.4% 96.87%
2022 -12.0% -36.8% 22.0% 14.41%
2021 26.1% 3.0% 124.3% 55.21%
2020 6.4% -15.8% 2266.0% 97.17%
2019 30.1% -16.5% 241.3% 48.69%

NAV & Total Return History


BADAX - Holdings

Concentration Analysis

BADAX Category Low Category High BADAX % Rank
Net Assets 66.5 M 2.59 M 1.3 T 89.39%
Number of Holdings 43 1 4089 86.24%
Net Assets in Top 10 25.9 M 658 K 341 B 88.62%
Weighting of Top 10 39.00% 0.4% 126.6% 25.85%

Top 10 Holdings

  1. Microsoft Corp 6.85%
  2. Apple Inc 6.35%
  3. Merck Co Inc 3.96%
  4. Automatic Data Processing Inc 3.60%
  5. Linde PLC 3.39%
  6. AbbVie Inc 3.20%
  7. Ameriprise Financial Inc 3.09%
  8. McDonald's Corp 2.92%
  9. Procter Gamble Co/The 2.90%
  10. Comcast Corp 2.74%

Asset Allocation

Weighting Return Low Return High BADAX % Rank
Stocks
98.41% 0.00% 122.93% 59.03%
Cash
1.95% 0.00% 99.21% 33.97%
Preferred Stocks
0.00% 0.00% 2.07% 20.22%
Other
0.00% -13.91% 100.00% 33.82%
Convertible Bonds
0.00% 0.00% 5.54% 16.65%
Bonds
0.00% -0.65% 94.60% 22.67%

Stock Sector Breakdown

Weighting Return Low Return High BADAX % Rank
Healthcare
19.97% 0.00% 60.70% 7.19%
Technology
18.50% 0.00% 48.94% 82.25%
Financial Services
17.11% 0.00% 55.59% 17.67%
Consumer Cyclical
10.59% 0.00% 30.33% 53.01%
Industrials
9.89% 0.00% 29.90% 36.83%
Consumer Defense
6.81% 0.00% 47.71% 51.92%
Basic Materials
4.64% 0.00% 25.70% 14.39%
Real Estate
4.36% 0.00% 31.91% 10.87%
Energy
3.49% 0.00% 41.64% 64.19%
Utilities
2.36% 0.00% 20.91% 59.27%
Communication Services
2.28% 0.00% 27.94% 94.14%

Stock Geographic Breakdown

Weighting Return Low Return High BADAX % Rank
US
98.41% 0.00% 122.93% 49.50%
Non US
0.00% 0.00% 50.17% 35.90%

BADAX - Expenses

Operational Fees

BADAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.22% 0.01% 16.07% 25.99%
Management Fee 0.60% 0.00% 1.89% 62.78%
12b-1 Fee 0.25% 0.00% 1.00% 33.49%
Administrative Fee N/A 0.00% 0.85% N/A

Sales Fees

BADAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

BADAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 1.00% 0.25% 2.00% 72.22%

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.

BADAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 20.00% 0.00% 496.00% 40.67%

BADAX - Distributions

Dividend Yield Analysis

BADAX Category Low Category High BADAX % Rank
Dividend Yield 3.25% 0.00% 4.88% 22.67%

Dividend Distribution Analysis

BADAX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually SemiAnnual Annually

Net Income Ratio Analysis

BADAX Category Low Category High BADAX % Rank
Net Income Ratio 1.19% -54.00% 6.06% 20.78%

Capital Gain Distribution Analysis

BADAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Quarterly Annually

Distributions History

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BADAX - Fund Manager Analysis

Managers

Brian Graney


Start Date

Tenure

Tenure Rank

Dec 29, 2011

10.43

10.4%

Brian is an equity research analyst and a portfolio manager for the Equity Income strategy. Prior to joining Brown Advisory in 2008, he was a portfolio manager for Alex. Brown Investment Management as well as a writer/analyst at The Motley Fool.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 39.02 7.19 2.42