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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

$25.80

$1.82 B

0.34%

$0.09

0.92%

Vitals

YTD Return

9.6%

1 yr return

18.8%

3 Yr Avg Return

5.8%

5 Yr Avg Return

11.6%

Net Assets

$1.82 B

Holdings in Top 10

44.5%

52 WEEK LOW AND HIGH

$25.5
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.92%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 14.00%

Redemption Fee 1.00%


Min Investment

Standard (Taxable)

$100

IRA

$100


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

$25.80

$1.82 B

0.34%

$0.09

0.92%

BIALX - Profile

Distributions

  • YTD Total Return 9.6%
  • 3 Yr Annualized Total Return 5.8%
  • 5 Yr Annualized Total Return 11.6%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 0.01%
DIVIDENDS
  • Dividend Yield 0.3%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Brown Advisory Global Leaders Fund
  • Fund Family Name
    Brown Advisory Funds
  • Inception Date
    Jul 01, 2015
  • Shares Outstanding
    4197534
  • Share Class
    Investor
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Michael Dillon

Fund Description

Under normal circumstances, the Fund aims 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. The Fund also will, under normal market conditions: (1) invest at least 40% of its assets outside the United States, or if market conditions are not favorable, at least 30% of its assets outside the United States, and (2) hold securities of issuers located in at least three countries. The Fund determines where a company is located, and thus, whether a company is considered to be located outside the United States by considering whether: (i) it is organized under the laws of or maintains its principal office in a country located outside the United States; (ii) its securities are principally traded on trading markets in countries located outside the United States; (iii) it derives at least 50% of its total revenue or profits from either goods produced or services performed or sales made in countries located outside the United States; or (iv) it has at least 50% of its assets in countries located outside the United States. The Fund’s non-U.S. investments may include equity securities issued by companies that are established or operating in emerging market countries.
The equity securities in which the Fund may invest will include the equity securities of companies that Brown Advisory Limited (the “Sub-Adviser”) believes are leaders within their industry or country as demonstrated by an ability to deliver high relative return on invested capital over time. This typically can be attributable to, among other things, a strong competitive position and a defendable barrier to entry. These securities also typically use sustainability to compound a competitive advantage and have strong sustainability risk management practices. The equity securities in which the Fund may invest include common stock, preferred stock, equity-equivalent securities, such as stock futures contracts, equity options, other investment companies, American Depositary Receipts (“ADRs”), Global Depositary Receipts (“GDRs”), and exchange traded funds (“ETFs”). The equity securities in which the Fund may invest will generally be issued by mid- and large capitalization companies. Medium and large market capitalization companies are, according to the Sub-Adviser, those companies with market capitalizations generally greater than $2 billion at the time of purchase. In addition to those securities, the Fund may also invest in convertible bonds, Rule 144A securities, U.S. Treasury bills, fixed and/or floating rate U.S. Government securities, real estate investment trusts (“REITs”) and unlisted securities. The Fund may invest in derivatives instruments, such as options, futures contracts, including interest rate futures, 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 Sub-Adviser seeks companies with emerging or mature Sustainable Business Advantages, defined as companies that use internal sustainability strategies to improve their financial position, including, but not limited to, those strategies that lead to revenue growth, cost improvements, or enhanced franchise value. The Sub-Adviser also seeks companies that have strong risk management practices in place where sustainability risks may be present. These considerations are included as part of the broader Investment Criteria for the Fund.
The Sub-Adviser considers each proxy voting proposal related to holdings in the Fund on its own merits and an independent determination is made based on the relevant facts and circumstances, in consideration of the Adviser’s current Proxy Voting Policy.
The Fund may sell its portfolio securities for a variety of reasons, such as to secure gains, limit losses, redeploy assets into more promising opportunities, or, in the Sub-Adviser's view, the investment is no longer attractive.
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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BIALX - Performance

Return Ranking - Trailing

Period BIALX Return Category Return Low Category Return High Rank in Category (%)
YTD 9.6% -35.6% 29.2% 62.75%
1 Yr 18.8% 17.3% 252.4% 59.55%
3 Yr 5.8%* -3.5% 34.6% 20.56%
5 Yr 11.6%* 0.1% 32.7% 20.54%
10 Yr N/A* -6.9% 18.3% N/A

* Annualized

Return Ranking - Calendar

Period BIALX Return Category Return Low Category Return High Rank in Category (%)
2023 25.5% -24.3% 957.1% 27.42%
2022 -20.1% -38.3% 47.1% 2.28%
2021 15.4% -54.2% 0.6% 1.75%
2020 20.1% -76.0% 54.1% 4.10%
2019 33.6% -26.1% 47.8% 81.02%

Total Return Ranking - Trailing

Period BIALX Return Category Return Low Category Return High Rank in Category (%)
YTD 9.6% -35.6% 29.2% 63.20%
1 Yr 18.8% 11.4% 252.4% 55.00%
3 Yr 5.8%* -3.5% 34.6% 18.98%
5 Yr 11.6%* 0.1% 32.7% 19.73%
10 Yr N/A* -6.9% 18.3% N/A

* Annualized

Total Return Ranking - Calendar

Period BIALX Return Category Return Low Category Return High Rank in Category (%)
2023 26.0% -24.3% 957.1% 27.42%
2022 -19.7% -33.1% 47.1% 2.28%
2021 16.7% -44.4% 1.8% 4.04%
2020 20.3% -6.5% 54.1% 8.05%
2019 33.9% -14.4% 47.8% 91.71%

NAV & Total Return History


BIALX - Holdings

Concentration Analysis

BIALX Category Low Category High BIALX % Rank
Net Assets 1.82 B 199 K 133 B 30.15%
Number of Holdings 34 1 9075 87.22%
Net Assets in Top 10 837 M -18 M 37.6 B 24.34%
Weighting of Top 10 44.53% 9.1% 100.0% 15.68%

Top 10 Holdings

  1. Microsoft Corp 8.94%
  2. General Electric Co 4.87%
  3. Alphabet Inc 4.44%
  4. Mastercard Inc 4.34%
  5. Safran SA 3.98%
  6. London Stock Exchange Group PLC 3.94%
  7. Deutsche Boerse AG 3.87%
  8. Taiwan Semiconductor Manufacturing Co Ltd 3.82%
  9. Unilever PLC 3.38%
  10. Visa Inc 2.96%

Asset Allocation

Weighting Return Low Return High BIALX % Rank
Stocks
97.03% 61.84% 125.47% 25.99%
Cash
2.97% -174.70% 23.12% 68.17%
Preferred Stocks
0.00% -0.01% 5.28% 62.56%
Other
0.00% -13.98% 19.14% 66.19%
Convertible Bonds
0.00% 0.00% 4.46% 58.04%
Bonds
0.00% -1.50% 161.67% 59.80%

Stock Sector Breakdown

Weighting Return Low Return High BIALX % Rank
Financial Services
31.86% 0.00% 38.42% 2.86%
Technology
24.90% 0.00% 49.87% 21.81%
Industrials
12.27% 0.00% 44.06% 70.15%
Communication Services
11.76% 0.00% 57.66% 11.23%
Healthcare
6.40% 0.00% 35.42% 90.20%
Consumer Defense
5.43% 0.00% 73.28% 38.66%
Consumer Cyclical
4.72% 0.00% 40.94% 91.63%
Basic Materials
2.66% 0.00% 38.60% 37.89%
Utilities
0.00% 0.00% 29.12% 87.33%
Real Estate
0.00% 0.00% 39.48% 88.99%
Energy
0.00% 0.00% 21.15% 84.91%

Stock Geographic Breakdown

Weighting Return Low Return High BIALX % Rank
US
61.99% 0.13% 103.82% 40.31%
Non US
35.04% 0.58% 99.46% 54.19%

BIALX - Expenses

Operational Fees

BIALX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.92% 0.01% 44.27% 68.64%
Management Fee 0.65% 0.00% 1.82% 40.37%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.76% N/A

Sales Fees

BIALX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

BIALX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 1.00% 1.00% 2.00% 94.12%

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.

BIALX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 14.00% 0.00% 395.00% 33.60%

BIALX - Distributions

Dividend Yield Analysis

BIALX Category Low Category High BIALX % Rank
Dividend Yield 0.34% 0.00% 3.26% 57.55%

Dividend Distribution Analysis

BIALX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annually Annually Annually

Net Income Ratio Analysis

BIALX Category Low Category High BIALX % Rank
Net Income Ratio 0.01% -4.27% 12.65% 63.98%

Capital Gain Distribution Analysis

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

Distributions History

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BIALX - Fund Manager Analysis

Managers

Michael Dillon


Start Date

Tenure

Tenure Rank

Jul 01, 2015

6.92

6.9%

Mick Dillon, CFA, is the lead portfolio manager of the Brown Advisory Global Leaders strategy. He formerly worked at HSBC Global Asset Management in Hong Kong, where he was the co-head of Asian equities. Mick is originally from Australia and graduated from University of Melbourne, where he was awarded three Bachelor degrees in six years.

Bertie Thomson


Start Date

Tenure

Tenure Rank

May 12, 2016

6.05

6.1%

Bertie is a portfolio manager within the global equity team. Prior to joining Brown Advisory in October 2015, Bertie spent 13 years at Aberdeen Asset Management where he was most recently a Senior Investment Manager in the pan-European equity team.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 35.82 6.24 1.25