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Trending ETFs

Name

As of 06/11/2024

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

$29.40

$1.33 B

0.38%

$0.11

1.36%

Vitals

YTD Return

0.8%

1 yr return

14.0%

3 Yr Avg Return

2.6%

5 Yr Avg Return

7.4%

Net Assets

$1.33 B

Holdings in Top 10

27.3%

52 WEEK LOW AND HIGH

$29.5
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.36%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 42.00%

Redemption Fee 1.00%


Min Investment

Standard (Taxable)

$100

IRA

$100


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 06/11/2024

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

$29.40

$1.33 B

0.38%

$0.11

1.36%

BAUAX - Profile

Distributions

  • YTD Total Return 0.8%
  • 3 Yr Annualized Total Return 2.6%
  • 5 Yr Annualized Total Return 7.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.03%
DIVIDENDS
  • Dividend Yield 0.4%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Brown Advisory Small-Cap Fundamental Value Fund
  • Fund Family Name
    Brown Advisory Funds
  • Inception Date
    Jul 29, 2011
  • Shares Outstanding
    200532
  • Share Class
    Adv
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    J. David Schuster

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 capitalization companies. Equity securities include common stock, preferred stock, equity-equivalent securities such as convertible securities, stock futures contracts, equity options, other investment companies, American Depositary Receipts (“ADRs”), real estate investment trusts (“REITs”) and exchange traded funds (“ETFs”), and the Fund may also invest in private placements in these types of securities.  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® Value Index (which was approximately $8.112 billion as of September 30, 2023), whichever is greater, at the time of purchase.  The Fund invests primarily in equity securities that trade in the U.S. securities markets and that the Adviser believes are undervalued, broadly defined as trading at a discount to the estimated economic value of a company’s underlying business.  The Adviser uses a research-driven analysis that results in the Fund’s portfolio having an emphasis on out-of-favor or under-followed, cash-generating companies with sustainable business models, strong finances, competent management and a demonstrable record of profitability and self-funded growth.  The Fund may also invest in cyclical companies or companies that have experienced a temporary setback if the valuation of the company is at an appropriate discount to the long-term earnings potential of the company.  To a more limited extent, the Fund may invest up to 15% of its assets in foreign equity securities, including equity securities from emerging markets.  With respect to 20% of its assets, the Fund may also invest in foreign or domestic debt securities, including up to 5% of its assets in distressed debt securities.  The Fund may utilize 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.  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 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 Adviser may sell a security or reduce its position if:
It has reached its target price;
Its present reward to risk ratio is unattractive;
It is overvalued; or
The company’s fundamentals have deteriorated in a material, long-term manner.
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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BAUAX - Performance

Return Ranking - Trailing

Period BAUAX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.8% -11.5% 23.2% 51.76%
1 Yr 14.0% -14.1% 44.8% 16.33%
3 Yr 2.6%* -11.1% 39.6% 16.67%
5 Yr 7.4%* -13.5% 32.2% 62.90%
10 Yr 6.6%* -3.0% 16.8% 65.90%

* Annualized

Return Ranking - Calendar

Period BAUAX Return Category Return Low Category Return High Rank in Category (%)
2023 9.2% -19.9% 29.0% 76.72%
2022 -14.1% -59.3% 118.2% 8.80%
2021 30.3% -31.6% 39.3% 2.67%
2020 -6.1% -51.0% 39.5% 95.50%
2019 18.0% -5.6% 37.8% 67.96%

Total Return Ranking - Trailing

Period BAUAX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.8% -11.5% 23.2% 51.76%
1 Yr 14.0% -14.1% 44.8% 16.33%
3 Yr 2.6%* -11.1% 39.6% 16.67%
5 Yr 7.4%* -13.5% 32.2% 62.90%
10 Yr 6.6%* -3.0% 16.8% 65.90%

* Annualized

Total Return Ranking - Calendar

Period BAUAX Return Category Return Low Category Return High Rank in Category (%)
2023 15.7% -11.7% 31.8% 59.59%
2022 -9.0% -45.2% 123.7% 6.55%
2021 30.8% 0.0% 47.7% 10.29%
2020 -6.0% -50.5% 46.9% 99.02%
2019 23.7% 2.1% 43.7% 60.82%

NAV & Total Return History


BAUAX - Holdings

Concentration Analysis

BAUAX Category Low Category High BAUAX % Rank
Net Assets 1.33 B 529 K 145 B 25.00%
Number of Holdings 70 2 2454 82.78%
Net Assets in Top 10 377 M 120 K 10.3 B 16.85%
Weighting of Top 10 27.29% 3.5% 100.1% 17.84%

Top 10 Holdings

  1. Eagle Materials Inc 3.96%
  2. Modine Manufacturing Co 3.68%
  3. ChampionX Corp 2.98%
  4. Signet Jewelers Ltd 2.74%
  5. Bancorp Inc/The 2.51%
  6. Tennant Co 2.44%
  7. First American Government Obligations Fund 2.37%
  8. CTS Corp 2.28%
  9. Equity Commonwealth 2.22%
  10. Assured Guaranty Ltd 2.11%

Asset Allocation

Weighting Return Low Return High BAUAX % Rank
Stocks
97.47% 2.52% 108.16% 69.26%
Cash
2.53% 0.00% 42.16% 40.19%
Preferred Stocks
0.00% 0.00% 8.35% 44.07%
Other
0.00% -0.14% 36.28% 64.26%
Convertible Bonds
0.00% 0.00% 3.17% 43.41%
Bonds
0.00% -1.96% 82.35% 46.48%

Stock Sector Breakdown

Weighting Return Low Return High BAUAX % Rank
Financial Services
25.39% 0.00% 35.52% 3.00%
Industrials
16.21% 2.46% 37.42% 54.49%
Consumer Cyclical
13.38% 0.99% 47.79% 19.85%
Real Estate
9.23% 0.00% 29.43% 23.41%
Basic Materials
6.80% 0.00% 18.66% 12.36%
Technology
6.63% 0.00% 54.70% 97.57%
Communication Services
5.94% 0.00% 14.85% 4.87%
Consumer Defense
5.64% 0.00% 18.87% 15.36%
Healthcare
4.43% 0.00% 26.53% 95.88%
Energy
4.13% 0.00% 37.72% 76.59%
Utilities
2.21% 0.00% 18.58% 55.81%

Stock Geographic Breakdown

Weighting Return Low Return High BAUAX % Rank
US
97.47% 2.52% 108.16% 64.44%
Non US
0.00% 0.00% 91.59% 51.30%

BAUAX - Expenses

Operational Fees

BAUAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.36% 0.01% 38.45% 27.00%
Management Fee 0.85% 0.00% 1.50% 73.79%
12b-1 Fee 0.25% 0.00% 1.00% 43.90%
Administrative Fee N/A 0.01% 0.45% N/A

Sales Fees

BAUAX 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

BAUAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 1.00% 1.00% 2.00% 82.98%

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.

BAUAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 42.00% 1.00% 314.00% 48.50%

BAUAX - Distributions

Dividend Yield Analysis

BAUAX Category Low Category High BAUAX % Rank
Dividend Yield 0.38% 0.00% 42.47% 67.78%

Dividend Distribution Analysis

BAUAX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual SemiAnnual Annual

Net Income Ratio Analysis

BAUAX Category Low Category High BAUAX % Rank
Net Income Ratio 0.03% -2.40% 2.49% 61.05%

Capital Gain Distribution Analysis

BAUAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Distributions History

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BAUAX - Fund Manager Analysis

Managers

J. David Schuster


Start Date

Tenure

Tenure Rank

Dec 31, 2008

13.42

13.4%

J. David Schuster has been the Portfolio Manager and an Equity Research Analyst at Brown Advisory researching investment opportunities in the financial services sector since May 2008. Prior to joining Brown Advisory in May 2008, he worked as a Managing Director covering the financial services industry at Citigroup from September 2006 to April 2008. Prior to joining Citigroup, Mr. Schuster worked as a Managing Director in the financial institutions group at Lazard Freres & Co. since 1998. Mr. Schuster graduated with a BSBA in Accounting from Georgetown University in 1992.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 49.61 7.12 2.58