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Trending ETFs

Name

As of 06/17/2024

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

$11.72

$574 M

1.60%

$0.19

1.12%

Vitals

YTD Return

8.6%

1 yr return

9.6%

3 Yr Avg Return

-1.0%

5 Yr Avg Return

6.3%

Net Assets

$574 M

Holdings in Top 10

34.1%

52 WEEK LOW AND HIGH

$11.7
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.12%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 61.00%

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 06/17/2024

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

$11.72

$574 M

1.60%

$0.19

1.12%

BAFQX - Profile

Distributions

  • YTD Total Return 8.6%
  • 3 Yr Annualized Total Return -1.0%
  • 5 Yr Annualized Total Return 6.3%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 0.78%
DIVIDENDS
  • Dividend Yield 1.6%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Brown Advisory Emerging Markets Select Fund
  • Fund Family Name
    Brown Advisory Funds
  • Inception Date
    Dec 12, 2012
  • Shares Outstanding
    52687590
  • Share Class
    Instl
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Allison Fisch

Fund Description

Under normal conditions, the Fund seeks to achieve its investment objective by investing at least 80% of the value of its net assets (plus any borrowings for investment purposes) in equity securities issued by companies that are established or operating in emerging market countries. These will consist of companies in emerging market countries in Latin America, Asia, Eastern Europe, Africa, and the Middle East. The Fund intends to invest primarily in the following countries (others may be added as markets in other countries develop):
Asia: China, Hong Kong, India, Indonesia, Malaysia, Pakistan, Philippines, Singapore, South Korea, Sri Lanka, Taiwan, Thailand, and Vietnam.
Latin America: Argentina, Belize, Brazil, Chile, Colombia, Mexico, Panama, Peru, and Venezuela.
Eastern Europe: Croatia, Czech Republic, Estonia, Hungary, Kazakhstan, Latvia, Lithuania, Poland, Romania, Russia, Slovakia, Slovenia, Turkey, and Ukraine.
Africa and the Middle East: Bahrain, Botswana, Egypt, Israel, Jordan, Kenya, Kuwait, Lebanon, Mauritius, Morocco, Nigeria, Oman, Qatar, Saudi Arabia, South Africa, Tunisia, United Arab Emirates, and Zimbabwe.
The Fund may purchase equity securities of companies of any size capitalization. Equity securities in which the Fund may invest include common stock, preferred stock, equity-equivalent securities such as convertible securities, stock futures contracts, equity options, other investment companies, American Depositary Receipts (ADRs), European Depositary Receipts (EDRs), Global Depositary Receipts (GDRs), Non-Voting Depositary Receipts (NVDRs), real estate investment trusts (REITs) and exchange traded funds (ETFs), and the Fund may also invest in fixed income securities and private placements.
The Fund considers a company to be established or operating in emerging market countries if: (i) it is organized under the laws of or maintains its principal office in an emerging market country; (ii) its securities are principally traded on trading markets in emerging markets countries; (iii) it derives at least 50% of its total revenue or profits from either goods or services produced or sales made in emerging markets countries; or (iv) it has at least 50% of its assets in emerging market countries.
The Fund may invest up to 20% of its net assets in securities of companies that are established or operating in countries that are considered to be outside of emerging markets, which may include other less developed countries as well as developed market countries. Such less developed countries share many similar attributes with emerging markets countries, however, their markets are not yet considered to be as developed as those in the emerging markets.
The Fund may utilize rights, warrants, options, futures contracts and options on futures. These investments will typically be made for investment purposes consistent with the Fund’s investment objective and may also be used to mitigate or hedge risks within the portfolio or for the temporary investment of cash balances. The Fund may also invest in Contracts for Difference or participatory notes which are instruments that are used to replicate the performance of certain underlying issuers and markets. By investing in derivatives, the Fund attempts to achieve the economic equivalence it would achieve if it were to invest directly in the underlying security. Investments in derivatives may be counted towards the Fund’s 80% investment policy if they have economic characteristics similar to the other investments that are included in the Fund’s 80% investment policy. The Fund intends to use the mark-to-market value of such derivatives for purposes of complying with the Fund’s 80% investment policy.
The Fund may invest up to 20% of its net assets in fixed income securities.
The Fund may sell its portfolio securities for a variety of reasons, such as to secure gains, limit losses, or redeploy assets into more promising opportunities.
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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BAFQX - Performance

Return Ranking - Trailing

Period BAFQX Return Category Return Low Category Return High Rank in Category (%)
YTD 8.6% -9.0% 19.7% 26.30%
1 Yr 9.6% -13.0% 29.5% 40.74%
3 Yr -1.0%* -20.9% 10.2% 19.08%
5 Yr 6.3%* -5.5% 12.7% 17.94%
10 Yr 2.7%* -2.7% 6.2% 45.45%

* Annualized

Return Ranking - Calendar

Period BAFQX Return Category Return Low Category Return High Rank in Category (%)
2023 8.8% -6.5% 35.5% 49.04%
2022 -16.1% -50.1% -2.4% 7.33%
2021 0.9% -33.1% 22.5% 19.97%
2020 17.9% -22.1% 80.1% 43.68%
2019 15.6% -0.7% 42.0% 67.90%

Total Return Ranking - Trailing

Period BAFQX Return Category Return Low Category Return High Rank in Category (%)
YTD 8.6% -9.0% 19.7% 26.30%
1 Yr 9.6% -13.0% 29.5% 40.74%
3 Yr -1.0%* -20.9% 10.2% 19.08%
5 Yr 6.3%* -5.5% 12.7% 17.94%
10 Yr 2.7%* -2.7% 6.2% 45.45%

* Annualized

Total Return Ranking - Calendar

Period BAFQX Return Category Return Low Category Return High Rank in Category (%)
2023 10.7% -2.7% 42.0% 53.01%
2022 -15.1% -42.2% 1.9% 10.44%
2021 1.6% -32.5% 33.1% 33.83%
2020 18.6% -20.0% 81.6% 46.02%
2019 16.9% 2.3% 42.0% 80.81%

NAV & Total Return History


BAFQX - Holdings

Concentration Analysis

BAFQX Category Low Category High BAFQX % Rank
Net Assets 574 M 682 K 103 B 45.43%
Number of Holdings 103 10 7049 47.20%
Net Assets in Top 10 202 M 290 K 19.2 B 42.43%
Weighting of Top 10 34.14% 2.9% 140.4% 46.31%

Top 10 Holdings

  1. Taiwan Semiconductor Manufacturing Co Ltd 9.60%
  2. Samsung Electronics Co Ltd 6.86%
  3. Tencent Holdings Ltd 3.70%
  4. Alibaba Group Holding Ltd 3.02%
  5. Hon Hai Precision Industry Co Ltd 2.17%
  6. First American Government Obligations Fund 2.12%
  7. Larsen Toubro Ltd 1.76%
  8. Bank Rakyat Indonesia Persero Tbk PT 1.66%
  9. Reliance Industries Ltd 1.62%
  10. ICICI Bank Ltd 1.61%

Asset Allocation

Weighting Return Low Return High BAFQX % Rank
Stocks
94.57% 0.00% 102.46% 74.49%
Cash
3.23% -2.03% 40.36% 27.01%
Preferred Stocks
2.19% 0.00% 10.09% 23.60%
Other
0.00% -0.21% 37.51% 49.25%
Convertible Bonds
0.00% 0.00% 7.40% 33.79%
Bonds
0.00% 0.00% 92.29% 42.84%

Stock Sector Breakdown

Weighting Return Low Return High BAFQX % Rank
Financial Services
26.18% 0.00% 48.86% 14.92%
Technology
25.26% 0.00% 47.50% 32.87%
Consumer Cyclical
14.52% 0.00% 48.94% 27.49%
Consumer Defense
7.54% 0.00% 25.90% 28.59%
Communication Services
7.47% 0.00% 39.29% 68.92%
Industrials
6.68% 0.00% 43.53% 40.19%
Utilities
3.32% 0.00% 39.12% 17.40%
Basic Materials
3.22% 0.00% 30.03% 85.22%
Real Estate
2.38% 0.00% 17.15% 29.28%
Energy
1.84% 0.00% 24.80% 76.80%
Healthcare
1.60% 0.00% 16.53% 85.22%

Stock Geographic Breakdown

Weighting Return Low Return High BAFQX % Rank
Non US
90.70% 0.00% 100.18% 28.38%
US
3.87% 0.00% 99.51% 79.13%

BAFQX - Expenses

Operational Fees

BAFQX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.12% 0.03% 29.98% 67.03%
Management Fee 0.90% 0.00% 2.00% 51.50%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.85% N/A

Sales Fees

BAFQX 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

BAFQX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 1.00% 1.00% 2.00% 95.00%

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.

BAFQX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 61.00% 0.00% 189.00% 64.77%

BAFQX - Distributions

Dividend Yield Analysis

BAFQX Category Low Category High BAFQX % Rank
Dividend Yield 1.60% 0.00% 9.74% 53.21%

Dividend Distribution Analysis

BAFQX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annually Quarterly Annual

Net Income Ratio Analysis

BAFQX Category Low Category High BAFQX % Rank
Net Income Ratio 0.78% -1.98% 17.62% 47.17%

Capital Gain Distribution Analysis

BAFQX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

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BAFQX - Fund Manager Analysis

Managers

Allison Fisch


Start Date

Tenure

Tenure Rank

Feb 22, 2019

3.27

3.3%

Allison Fisch, Principal and Portfolio Manager. Ms. Fisch is a co-portfolio manager for the International and Emerging Markets strategies, along with the Global Best Ideas service. Ms. Fisch became a member of the firm in 2001 and helped to launch the Emerging Markets strategies in 2008, on which she has been a co-portfolio manager since inception. She joined the International portfolio management team in 2016 and has co-managed the International Small Cap Value strategy since its inception in 2017. Since 2017, she has overseen the Global Best Idea service. Prior to joining Pzena Investment Management, Ms. Fisch was a business analyst at McKinsey & Company. She earned a B.A. summa cum laude in Psychology and a minor in Drama from Dartmouth College.

Caroline Cai


Start Date

Tenure

Tenure Rank

Feb 22, 2019

3.27

3.3%

Caroline Cai, CFA, Managing Principal, Portfolio Manager, and member of the firm’s Executive Committee. Ms. Cai is a co-portfolio manager for the Global, International, European and Emerging Markets strategies, and the Financial Opportunities service. Ms. Cai became a member of the firm in 2004. Prior to joining Pzena Investment Management, Ms. Cai was a senior analyst at AllianceBernstein LLP, and a business analyst at McKinsey & Company. She earned a B.A. summa cum laude in Math and Economics from Bryn Mawr College. Ms. Cai holds the Chartered Financial Analyst® designation.

Niraj Dilip Bhagwat


Start Date

Tenure

Tenure Rank

Feb 22, 2019

3.27

3.3%

Niraj Bhagwat, CA, is a Senior Managing Director, Equity Portfolio Manager and leader of the firm’s Asia Pacific ex Japan Team. Prior to joining Wellington Management in 2009, Mr. Bhagwat worked as managing director and portfolio manager of global emerging and emerging Asia portfolios for UBS Global Asset Management (2005 - 2008). Before that, he worked there as an analyst of the Asia ex Japan consumer, media, auto, and health care sectors, and as an India strategist (2002- 2004). Prior to that, he was the head of Consumer Research and a research analyst at Indosuez WI Carr (1997-2001) and an article trainee and auditor with Price Waterhouse (1992-1996).

Rakesh Bordia


Start Date

Tenure

Tenure Rank

Feb 22, 2019

3.27

3.3%

Rakesh Bordia, Principal and Portfolio Manager. Mr. Bordia is a co-portfolio manager for the Emerging Markets strategies. Mr. Bordia became a member of the firm in 2007. Prior to joining Pzena Investment Management, Mr. Bordia was a principal at Booz Allen Hamilton focusing on innovation and growth strategies, and a software engineer at River Run Software Group. He earned a Bachelor of Technology in Computer Science and Engineering from the Indian Institute of Technology, Kanpur, India and an M.B.A. from the Indian Institute of Management, Ahmedabad, India.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.09 33.71 6.52 13.42