Brown Advisory Growth Equity Fund
Fund
BAGAX
Price as of:
$24.59
- $0.14
- 0.57%
Primary Theme
fund company
Name
As of 04/18/2024Price
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
Vitals
YTD Return
2.7%
1 yr return
22.7%
3 Yr Avg Return
0.9%
5 Yr Avg Return
10.4%
Net Assets
$1.24 B
Holdings in Top 10
42.9%
52 WEEK LOW AND HIGH
$24.7
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.01%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 25.00%
Redemption Fee 1.00%
Min Investment
Standard (Taxable)
$100
IRA
$100
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/18/2024Price
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
BAGAX - Profile
Distributions
- YTD Total Return 2.7%
- 3 Yr Annualized Total Return 0.9%
- 5 Yr Annualized Total Return 10.4%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.59%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameBrown Advisory Growth Equity Fund
-
Fund Family NameBrown Advisory Funds
-
Inception DateOct 26, 2012
-
Shares Outstanding857169
-
Share ClassAdv
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerKenneth Stuzin
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 domestic companies. The Fund invests primarily in securities of medium and large market capitalization companies that the Adviser believes have exhibited an above average rate of earnings growth and that have prospects for above average, sustainable growth in the future. Medium and large market capitalization companies are, according to the Adviser, those companies with market capitalizations generally greater than $2 billion at the time of purchase. The Fund may also invest in companies that do not exhibit particularly strong earnings histories but have other attributes that may contribute to accelerated growth in the foreseeable future. Equity securities include domestic common and preferred stock, convertible debt securities, American Depositary Receipts (“ADRs”), real estate investment trusts (“REITs”) and exchange traded funds (“ETFs”). The Fund may also invest in private placements in these types of securities. 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 Fund may invest up to 15% of its net assets in foreign securities, including in emerging markets.
The Adviser may sell a security or reduce its position if:
•The investment thesis is violated;
•A more attractively priced security is found; or
•The security becomes overvalued relative to the long-term expectation.
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.
BAGAX - Performance
Return Ranking - Trailing
| Period | BAGAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 2.7% | -16.3% | 19.3% | 88.96% |
| 1 Yr | 22.7% | -24.2% | 56.3% | 78.88% |
| 3 Yr | 0.9%* | -31.3% | 22.2% | 82.43% |
| 5 Yr | 10.4%* | -16.7% | 28.7% | 85.43% |
| 10 Yr | 11.6%* | -5.9% | 18.7% | 71.08% |
* Annualized
Return Ranking - Calendar
| Period | BAGAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 23.8% | -74.1% | 72.4% | 78.31% |
| 2022 | -38.7% | -85.9% | 4.7% | 70.87% |
| 2021 | 3.5% | -52.4% | 60.5% | 65.31% |
| 2020 | 25.2% | -34.3% | 145.0% | 54.54% |
| 2019 | 33.1% | -21.8% | 49.4% | 11.45% |
Total Return Ranking - Trailing
| Period | BAGAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 2.7% | -16.3% | 19.3% | 88.96% |
| 1 Yr | 22.7% | -24.2% | 56.3% | 78.88% |
| 3 Yr | 0.9%* | -31.3% | 22.2% | 82.43% |
| 5 Yr | 10.4%* | -16.7% | 28.7% | 85.43% |
| 10 Yr | 11.6%* | -5.9% | 18.7% | 71.08% |
* Annualized
Total Return Ranking - Calendar
| Period | BAGAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 33.4% | -4.6% | 72.4% | 66.18% |
| 2022 | -33.8% | -61.7% | 5.6% | 73.32% |
| 2021 | 18.6% | -39.8% | 118.1% | 68.76% |
| 2020 | 32.0% | 2.8% | 149.2% | 62.24% |
| 2019 | 40.2% | -5.2% | 49.4% | 3.95% |
NAV & Total Return History
BAGAX - Holdings
Concentration Analysis
| BAGAX | Category Low | Category High | BAGAX % Rank | |
|---|---|---|---|---|
| Net Assets | 1.24 B | 242 K | 269 B | 52.61% |
| Number of Holdings | 31 | 1 | 3217 | 90.63% |
| Net Assets in Top 10 | 1.02 B | 104 K | 111 B | 41.47% |
| Weighting of Top 10 | 42.95% | 0.7% | 205.0% | 76.46% |
Top 10 Holdings
- Intuit Inc 4.87%
- ServiceNow Inc 4.65%
- NVIDIA Corp 4.48%
- Microsoft Corp 4.47%
- Costco Wholesale Corp 4.38%
- Alphabet Inc 4.22%
- Amazon.com Inc 4.18%
- Intuitive Surgical Inc 4.14%
- Mastercard Inc 3.78%
- Adobe Inc 3.77%
Asset Allocation
| Weighting | Return Low | Return High | BAGAX % Rank | |
|---|---|---|---|---|
| Stocks | 97.35% | 0.00% | 130.05% | 78.63% |
| Cash | 2.74% | -1.50% | 173.52% | 21.45% |
| Preferred Stocks | 0.00% | 0.00% | 7.84% | 95.95% |
| Other | 0.00% | -43.49% | 50.04% | 91.72% |
| Convertible Bonds | 0.00% | 0.00% | 1.94% | 94.75% |
| Bonds | 0.00% | 0.00% | 104.15% | 94.85% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | BAGAX % Rank | |
|---|---|---|---|---|
| Technology | 28.97% | 0.00% | 65.70% | 73.35% |
| Healthcare | 22.86% | 0.00% | 39.76% | 4.15% |
| Industrials | 12.49% | 0.00% | 30.65% | 7.28% |
| Consumer Defense | 8.07% | 0.00% | 25.50% | 8.63% |
| Financial Services | 7.34% | 0.00% | 43.06% | 68.19% |
| Communication Services | 7.25% | 0.00% | 66.40% | 78.26% |
| Consumer Cyclical | 6.74% | 0.00% | 62.57% | 95.52% |
| Real Estate | 3.60% | 0.00% | 16.05% | 12.18% |
| Basic Materials | 2.68% | 0.00% | 18.91% | 21.24% |
| Utilities | 0.00% | 0.00% | 16.07% | 96.19% |
| Energy | 0.00% | 0.00% | 41.09% | 97.12% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | BAGAX % Rank | |
|---|---|---|---|---|
| US | 97.35% | 0.00% | 130.05% | 64.27% |
| Non US | 0.00% | 0.00% | 78.10% | 96.28% |
BAGAX - Expenses
Operational Fees
| BAGAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.01% | 0.01% | 19.54% | 100.00% |
| Management Fee | 0.58% | 0.00% | 1.50% | 41.05% |
| 12b-1 Fee | 0.25% | 0.00% | 1.00% | 60.13% |
| Administrative Fee | N/A | 0.01% | 1.02% | N/A |
Sales Fees
| BAGAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.25% | 8.50% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| BAGAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | 1.00% | 1.00% | 2.00% | 97.87% |
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.
| BAGAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 25.00% | 0.00% | 316.74% | 36.29% |
BAGAX - Distributions
Dividend Yield Analysis
| BAGAX | Category Low | Category High | BAGAX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 28.16% | 96.79% |
Dividend Distribution Analysis
| BAGAX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | SemiAnnual | Annual |
Net Income Ratio Analysis
| BAGAX | Category Low | Category High | BAGAX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -0.59% | -6.13% | 3.48% | 70.12% |
Capital Gain Distribution Analysis
| BAGAX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
BAGAX - Fund Manager Analysis
Managers
Kenneth Stuzin
Start Date
Tenure
Tenure Rank
Jun 28, 1999
22.94
22.9%
Kenneth M. Stuzin, CFA. Mr. Stuzin is a Partner at Brown Advisory and is responsible for managing the Brown Advisory Large-Cap Growth Strategy. Prior to joining Brown Advisory in 1996, he was a Vice President and Portfolio Manager at J.P. Morgan Investment Management in Los Angeles, where he was a US Large-Cap Portfolio Manager. Prior to this position, Mr. Stuzin was a quantitative portfolio strategist in New York, where he advised clients on capital market issues and strategic asset allocation decisions. Mr. Stuzin is a graduate of Columbia University, receiving a BA in 1986, followed by an MBA from the University in 1993. Mr. Stuzin was hired to manage Brown Advisory’s US Large-Cap Growth Equity strategy and to build upon and grow the investment process into what it is today.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.04 | 54.45 | 8.21 | 3.08 |