BAFFX: Brown Advisory Flexible Equity Inst

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BAFFX Brown Advisory Flexible Equity Inst

  • Fund
  • BAFFX
  • Price as of: Oct 15, 2019
  • $23.64 + $0.33 + 1.42%

BAFFX - Profile

Vitals

  • YTD Return 23.6%
  • 3 Yr Annualized Return 13.8%
  • 5 Yr Annualized Return 10.6%
  • Net Assets $486 M
  • Holdings in Top 10 42.6%

52 WEEK LOW AND HIGH

$23.64
$17.92
$24.00

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.57%

SALES FEES

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

BROKERAGE FEES

  • Turnover 14.00%

TRADING FEES

  • Max Redemption Fee 1.00%

Min Investment

STANDARD (TAXABLE)

$1,000,000

IRA

N/A

Fund Classification

PRIMARY CATEGORY

  • Fund Type Open End Mutual Fund
  • Investment Style Large Growth

Distributions

  • YTD Total Return 23.6%
  • 3 Yr Annualized Total Return 15.8%
  • 5 Yr Annualized Total Return 12.1%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 0.78%
DIVIDENDS
  • Dividend Yield 0.4%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name Brown Advisory Flexible Equity Fund
  • Fund Family Name Brown Advisory Funds
  • Inception Date Oct 19, 2012
  • Shares Outstanding 5723638
  • Share Class Inst
  • Currency USD
  • Domiciled Country United States
  • Manager Maneesh Bajaj

Fund Description

The fund normally invests at least 80% of the value of its net assets (plus any borrowings for investment purposes) in a diversified portfolio of equity securities. It invests primarily in securities of medium and large market capitalization companies that the Adviser believes have strong, or improving, long-term business characteristics and share prices that do not reflect these favorable fundamental attributes. The fund may invest up to 15% of its net assets in foreign securities, including emerging markets.

BAFFX - Performance

Return Ranking - Trailing

Period BAFFX Return Category Return Low Category Return High Rank in Category (%)
YTD 23.6% -34.6% 51.9% 40.38%
1 Yr 5.3% -69.2% 17.8% 19.81%
3 Yr 13.8%* -38.9% 21.8% 21.97%
5 Yr 10.6%* -31.2% 16.5% 21.00%
10 Yr N/A* -14.1% 16.7% N/A

* Annualized


Return Ranking - Calendar

Period BAFFX Return Category Return Low Category Return High Rank in Category (%)
2018 -7.9% -65.5% 13.4% 26.53%
2017 23.6% -46.3% 37.5% 23.20%
2016 8.9% -43.3% 13.0% 3.85%
2015 -3.5% -38.0% 11.4% 49.65%
2014 12.3% -52.4% 105.4% 5.96%

Total Return Ranking - Trailing

Period BAFFX Return Category Return Low Category Return High Rank in Category (%)
YTD 23.6% -34.6% 51.9% 40.38%
1 Yr 9.8% -69.2% 23.3% 15.15%
3 Yr 15.8%* -38.9% 28.2% 24.15%
5 Yr 12.1%* -31.2% 17.8% 31.50%
10 Yr N/A* -14.1% 16.7% N/A

* Annualized


Total Return Ranking - Calendar

Period BAFFX Return Category Return Low Category Return High Rank in Category (%)
2018 -4.0% -65.5% 16.5% 31.43%
2017 24.3% -28.2% 51.5% 58.41%
2016 9.5% -43.3% 15.6% 6.23%
2015 -2.8% -38.0% 17.3% 74.83%
2014 12.9% -52.4% 120.7% 19.94%

NAV & Total Return History

BAFFX - Holdings

Concentration Analysis

BAFFX Category Low Category High BAFFX % Rank
Net Assets 486 M 1.15 M 186 B 63.72%
Number of Holdings 45 7 2101 76.67%
Net Assets in Top 10 206 M 409 K 56.6 B 61.78%
Weighting of Top 10 42.57% 12.2% 100.0% 35.19%

Top 10 Holdings

  1. Visa Inc Class A 6.68%

  2. Mastercard Inc A 5.70%

  3. Microsoft Corp 4.47%

  4. Berkshire Hathaway Inc B 4.07%

  5. Edwards Lifesciences Corp 3.93%

  6. Lowe's Companies Inc 3.78%

  7. Facebook Inc A 3.77%

  8. CarMax Inc 3.66%

  9. Alphabet Inc Class C 3.32%

  10. Booking Holdings Inc 3.20%


Asset Allocation

Weighting Return Low Return High BAFFX % Rank
Stocks
96.98% 81.21% 102.01% 74.26%
Cash
3.02% -2.02% 17.64% 22.56%
Preferred Stocks
0.00% 0.00% 5.34% 98.76%
Other
0.00% -2.29% 3.74% 96.28%
Convertible Bonds
0.00% 0.00% 0.10% 98.06%
Bonds
0.00% 0.00% 3.50% 98.37%

Stock Sector Breakdown

Weighting Return Low Return High BAFFX % Rank
Financial Services
32.35% 0.00% 34.35% 0.85%
Technology
20.32% 4.65% 61.68% 94.19%
Consumer Cyclical
16.81% 0.00% 34.54% 46.43%
Healthcare
9.19% 0.15% 38.98% 92.25%
Industrials
7.34% 0.00% 27.83% 69.07%
Energy
3.96% -0.01% 11.07% 13.10%
Consumer Defense
3.13% 0.00% 18.48% 75.50%
Real Estate
3.01% 0.00% 10.67% 23.02%
Basic Materials
0.87% 0.00% 11.38% 68.91%
Utilities
0.00% -0.50% 7.63% 98.06%
Communication Services
0.00% 0.00% 13.96% 99.30%

Stock Geographic Breakdown

Weighting Return Low Return High BAFFX % Rank
US
88.94% 79.62% 100.44% 76.98%
Non US
8.04% -0.08% 17.37% 23.64%

BAFFX - Expenses

Operational Fees

BAFFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.57% 0.00% 218.39% 91.47%
Management Fee 0.44% 0.00% 1.40% 13.58%
12b-1 Fee 0.00% 0.00% 1.00% 22.66%
Administrative Fee N/A 0.00% 1.02% N/A

Sales Fees

BAFFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 25.00% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

BAFFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 1.00% 0.50% 5.00% 96.06%

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.

BAFFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 14.00% 0.00% 536.00% 8.29%

BAFFX - Distributions

Dividend Yield Analysis

BAFFX Category Low Category High BAFFX % Rank
Dividend Yield 0.35% 0.00% 15.75% 17.21%

Dividend Distribution Analysis

BAFFX Category Low Category High Category Mode
Dividend Distribution Frequency Annually Semi-Annually Quarterly Quarterly

Dividend Payout History


Net Income Ratio Analysis

BAFFX Category Low Category High BAFFX % Rank
Net Income Ratio 0.78% -7.55% 1.83% 9.64%

Capital Gain Distribution Analysis

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

BAFFX - Managers

Maneesh Bajaj

Manager

Start Date

Tenure

Tenure Rank

Oct 31, 2017

1.92

1.9%

Maneesh Bajaj, CFA, is a portfolio manager and equity research analyst at Brown Advisory since 2005. Prior to joining Brown Advisory, he was a strategy consultant at McKinsey & Co., New York. He also worked in corporate value consulting at Standard & Poor’s and in design and development of telecommunication networks at Primus Telecommunications. Mr. Bajaj received a M.S. in Computer Science from the University of Kentucky in 1995 and an M.B.A. from The Wharton School, University of Pennsylvania in 2002.


Tenure Analysis

Category Low

0.0

Category High

51.78

Category Average

8.14

Category Mode

0.42