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BCSIX Brown Capital Mgmt Small Co Inv

  • Fund
  • BCSIX
  • Price as of: Aug 08, 2016
  • $75.19
  • - $0.26
  • - 0.35%
  • Category
  • Small Cap Growth Equities

BCSIX - Profile

Vitals

  • YTD Return -3.4%
  • 3 Yr Annualized Return 11.2%
  • 5 Yr Annualized Return 13.7%
  • Net Assets $2.96 B
  • Holdings in Top 10 47.6%

52 WEEK LOW AND HIGH

$75.19
$66.22
$78.63

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.26%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 22.00%

TRADING FEES

  • Max Redemption Fee 2.00%

Min Investment

Closed to new investors as of 2013-10-18

STANDARD (TAXABLE)

$5,000

IRA

$2,000

Investment Themes

CATEGORY

Small Cap Growth Equities
  • Fund Type Open End Mutual Fund
  • Investment Style Small Growth

Distributions

  • YTD Total Return -3.4%
  • 3 Yr Annualized Total Return 11.2%
  • 5 Yr Annualized Total Return 13.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.74%
DIVIDENDS
  • Dividend Yield N/A
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name Brown Capital Management Small Company Fund
  • Fund Family Name Brown Capital Management
  • Inception Date Jul 23, 1992
  • Shares Outstanding 26332286
  • Share Class Inv
  • Currency USD
  • Domiciled Country United States
  • Manager Damien Davis

Fund Description

The fund invests at least 80% of its net assets in the equity securities of those companies with total operating revenues of $250 million or less at the time of the initial investment, ("small companies"). It typically invests in common stocks. The advisor seeks to build a portfolio of exceptional small companies with the wherewithal to become exceptional large companies. The fund typically holds a portfolio of between 40 to 65 securities which the advisor believes have the potential for growth.

BCSIX - Performance

Return Ranking - Trailing

Period BCSIX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -3.4% -81.5% 24.9% 86.44% 5
1 Yr 4.5% -19.6% 22.6% 9.62% 1
3 Yr 11.2% * -3.2% 14.4% 1.94% 1
5 Yr 13.7% * -2.5% 15.3% 2.55% 1
10 Yr 13.5% * 0.1% 13.6% 0.40% 1

* Annualized


Return Ranking - Calendar

Period BCSIX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 8.5% -71.6% 14.9% 0.86% 1
2014 N/A -5.4% 0.0% N/A N/A
2013 N/A 0.0% 39.5% N/A N/A
2012 N/A 6.9% 6.9% N/A N/A
2011 N/A -7.3% -7.3% N/A N/A

Total Return Ranking - Trailing

Period BCSIX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -3.4% -81.5% 24.9% 86.85% 5
1 Yr 4.5% -22.8% 22.6% 7.56% 1
3 Yr 11.2% * -3.4% 14.4% 1.94% 1
5 Yr 13.7% * -2.5% 15.3% 2.18% 1
10 Yr 13.5% * 0.1% 13.6% 0.40% 1

* Annualized


Total Return Ranking - Calendar

Period BCSIX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 8.5% -71.6% 14.9% 0.86% 1
2014 N/A -5.4% -5.4% N/A N/A
2013 N/A 53.7% 53.7% N/A N/A
2012 N/A 20.0% 20.0% N/A N/A
2011 N/A 9.1% 9.1% N/A N/A

NAV & Total Return History

BCSIX - Holdings

Filings data as of: Jun 30, 2016

Concentration Analysis

BCSIX Category Low Category High BCSIX % Rank Quintile
Net Assets 2.96 B 31.5 K 16 B 1.73% 1
Number of Holdings 39 2 3275 20.63% 5
Net Assets in Top 10 1.37 B -2.31 M 2.78 B 0.47% 1
Weighting of Top 10 47.6% 4.1% 100.1% 1.42% 1

Top 10 Holdings

  1. Tyler Technologies Inc 5.87%
  2. Cantel Medical Corp 4.75%
  3. Blackbaud Inc 4.95%
  4. Manhattan Associates Inc 4.69%
  5. Ansys Inc 4.17%
  6. Cognex Corp 4.56%
  7. FEI Co 5.34%
  8. Medidata Solutions Inc 4.68%
  9. Bio-Techne Corp 4.22%
  10. Neogen Corp 4.38%

Asset Allocation

Weighting Category Low Category High BCSIX % Rank Quintile
Stocks
95.28% 12.33% 100.31% 21.73% 4
Cash
4.72% -0.31% 40.84% 6.61% 1
Other
0.00% -3.52% 7.32% 11.02% 5
Convertible Bonds
0.00% 0.00% 28.89% 0.63% 5
Preferred Stocks
0.00% 0.00% 10.15% 1.57% 5
Bonds
0.00% -8.02% 74.43% 1.26% 5

Stock Sector Breakdown

Weighting Category Low Category High BCSIX % Rank Quintile
Technology
60.39% 1.39% 71.05% 0.31% 1
Healthcare
26.14% 0.31% 56.60% 2.52% 1
Industrials
4.83% 0.92% 31.63% 33.54% 5
Basic Materials
3.15% -0.18% 16.53% 19.84% 4
Energy
0.41% 0.00% 21.09% 23.94% 5
Consumer Cyclical
0.35% -0.42% 39.06% 32.91% 5
Financial Services
0.00% -2.02% 33.55% 31.97% 5
Communication Services
0.00% -0.97% 6.07% 16.06% 5
Consumer Defense
0.00% -6.20% 14.24% 29.45% 5
Real Estate
0.00% -2.08% 16.98% 26.30% 5
Utilities
0.00% -2.47% 8.04% 9.45% 5

Stock Geographic Breakdown

Weighting Category Low Category High BCSIX % Rank Quintile
US
95.28% 0.93% 100.00% 11.81% 2
Non US
0.00% -0.28% 93.05% 25.83% 5

BCSIX - Expenses

Operational Fees

BCSIX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.26% 0.07% 27.39% 22.36% 2
Management Fee 1.00% 0.03% 1.50% 2.52% 5
12b-1 Fee 0.20% 0.00% 1.00% 2.90% 2
Administrative Fee N/A 0.00% 0.45% N/A N/A

Sales Fees

BCSIX Fees (% of AUM) Category Low Category High BCSIX Rank Quintile
Front Load N/A 0.00% 5.75% N/A N/A
Deferred Load N/A 1.00% 5.50% N/A N/A

Trading Fees

BCSIX Fees (% of AUM) Category Low Category High BCSIX Rank Quintile
Max Redemption Fee 2.00% 0.00% 2.00% 0.74% 5

Turnover 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.

BCSIX Fees (% of AUM) Category Low Category High BCSIX Rank Quintile
Turnover 22.00% 2.00% 887.00% 22.83% 1

BCSIX - Distributions

Dividend Yield Analysis

BCSIX Category Low Category High BCSIX % Rank Quintile
Dividend Yield N/A 0.00% 15.65% N/A N/A

Dividend Distribution Analysis

BCSIX Category Low Category High Category Mode
Dividend Distribution Frequency None Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

BCSIX Category Low Category High BCSIX % Rank Quintile
Net Income Ratio -0.74% -6.38% 2.03% 19.37% 4

Capital Gain Distribution Analysis

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

BCSIX - Managers

Damien Davis

Manager

Start Date

Jul 29, 2013

Tenure

3.01

Tenure Rank

12.0%

Mr. Davis, Portfolio Manager, joined the Advisor in 2003 as a research analyst apprentice and left in 2008 to attend business school. He returned to the Advisor in 2010 as a research analyst and became a portfolio manager in 2013.


Andrew J. Fones

Manager

Start Date

Jul 29, 2014

Tenure

2.01

Tenure Rank

13.6%

Mr. Fones, Portfolio Manager and Senior Analyst, joined Brown Capital Management, LLC in January 2014. Prior to joining the Advisor, Mr. Fones was an analyst at T. Rowe Price from 2010 to 2013 and an analyst at UBS from 2006 to 2010. Mr. Fones is a member of the CFA Institute.


Robert E. Hall

Lead Manager

Start Date

Jul 23, 1992

Tenure

24.04

Tenure Rank

0.3%

Mr. Hall, managing director and senior portfolio manager, joined Brown Capital in September 1993. Mr. Hall earned a master’s degree in business administration at Harvard Graduate School of Business Administration and a bachelor’s degree in engineering at Johns Hopkins University.


Keith A. Lee

Lead Manager

Start Date

Jul 23, 1992

Tenure

24.04

Tenure Rank

0.3%

Lee is currently a portfolio manager with Brown Capital Management. Prior to joining the firm, Lee worked for Nexus Consulting for one year and at Alex, Brown & Sons for one year. He was also employed with Prudential Securities for three years.


Kempton M. Ingersol

Manager

Start Date

Dec 31, 2000

Tenure

15.59

Tenure Rank

2.2%

Ingersol joined the Advisor in March 1999. From March 1999 through October 2000, Ingersol served as Brown Capital Management’s Marketing Director in the Texas Region. Prior to that, Ingersol was an investment banker at both Dain Rauscher Incorporated and Grigsby Brandford & Company from June 1997 to March 1999 and April 1994 to June 1997, respectively.


Tenure Analysis

Category Low

0.0

Category High

43.8

Category Average

6.64

Category Mode

1.6