Brown Advisory Sustainable Growth Fund
Fund
BAWAX
Price as of:
$52.79
+ $0.73
+ 1.40%
Primary Theme
fund company
Name
As of 12/20/2024Price
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
21.5%
1 yr return
21.8%
3 Yr Avg Return
5.3%
5 Yr Avg Return
15.7%
Net Assets
$10.2 B
Holdings in Top 10
49.0%
52 WEEK LOW AND HIGH
$52.1
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.01%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 23.00%
Redemption Fee 1.00%
Min Investment
Standard (Taxable)
$100
IRA
$100
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/20/2024Price
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
BAWAX - Profile
Distributions
- YTD Total Return 21.5%
- 3 Yr Annualized Total Return 5.3%
- 5 Yr Annualized Total Return 15.7%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.48%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameBrown Advisory Sustainable Growth Fund
-
Fund Family NameBrown Advisory Funds
-
Inception DateJun 29, 2012
-
Shares Outstanding9446204
-
Share ClassAdv
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerDavid Powell
Fund Description
The Brown Advisory Sustainable Growth Fund seeks to achieve capital appreciation. To achieve its objective, the Fund invests at least 80% of the value of its net assets (plus any borrowings for investment purposes) in equity securities of domestic companies that meet the sustainable investment criteria of the Fund, collectively the “Investment Criteria.” The Fund invests primarily in the securities of medium and large capitalization companies that Brown Advisory LLC (the “Adviser”) believes (1) have the fundamental strengths (strong financials and business models) to outperform their peers and deliver strong earnings growth over a market cycle, (2) effectively implement Sustainable Business Advantages (described below), and (3) have attractive valuations.
The Adviser seeks companies with strong business models and prospects for growth, strong cash flow generation, and a solid track record of execution, among other qualities. Through investment analysis the Adviser also seeks companies with 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 Adviser also seeks companies that have strong risk management practices in place where sustainability-related risks may be present.
Additionally, while driving impact is not an input to the investment thesis, the Adviser often finds an overlap between Sustainable Business Advantage with positive sustainability outcomes.
The Adviser pursues strategic engagement with companies and other stakeholders in an effort to enhance due diligence and monitor the investment thesis.
The 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 accordance with the Adviser’s current Proxy Voting Policy.
Medium and large capitalization companies are, according to the Adviser, those companies with market capitalizations generally greater than $2 billion at time of purchase. The Fund may also invest a portion of the portfolio in equity securities of small market capitalization companies. The equity securities in which the Fund principally invests are common stocks. Furthermore, the Fund may invest up to 15% of assets in foreign securities (including American Depositary Receipts (“ADRs”)), which may include emerging markets securities. ADRs may be either sponsored or unsponsored. The Fund also may invest in real estate investment trusts (“REITs”).
The Adviser uses scenario analyses to assess the company’s valuation and potential for appreciation or downside risk.
The Adviser may sell a security or reduce its position for a number of reasons, including:
•The investment thesis is violated;
•A more attractively priced security is found; or
•The security becomes overvalued relative to the Adviser’s long-term expectations.
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.
BAWAX - Performance
Return Ranking - Trailing
| Period | BAWAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 21.5% | -7.9% | 55.3% | 80.27% |
| 1 Yr | 21.8% | -7.6% | 56.6% | 81.55% |
| 3 Yr | 5.3%* | -24.0% | 23.7% | 75.67% |
| 5 Yr | 15.7%* | -14.9% | 30.0% | 46.84% |
| 10 Yr | 16.1%* | -5.5% | 21.6% | 12.34% |
* Annualized
Return Ranking - Calendar
| Period | BAWAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 38.5% | -74.1% | 72.4% | 31.39% |
| 2022 | -31.2% | -85.9% | 4.7% | 33.46% |
| 2021 | 27.1% | -52.4% | 60.5% | 3.65% |
| 2020 | 38.5% | -34.3% | 145.0% | 19.20% |
| 2019 | 33.5% | -6.9% | 49.4% | 10.40% |
Total Return Ranking - Trailing
| Period | BAWAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 21.5% | -7.9% | 55.3% | 80.27% |
| 1 Yr | 21.8% | -7.6% | 56.6% | 81.55% |
| 3 Yr | 5.3%* | -24.0% | 23.7% | 75.67% |
| 5 Yr | 15.7%* | -14.9% | 30.0% | 46.84% |
| 10 Yr | 16.1%* | -5.5% | 21.6% | 12.34% |
* Annualized
Total Return Ranking - Calendar
| Period | BAWAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 38.5% | -4.6% | 72.4% | 47.72% |
| 2022 | -31.2% | -61.7% | 5.6% | 54.87% |
| 2021 | 29.6% | -39.8% | 118.1% | 8.42% |
| 2020 | 38.5% | 2.8% | 149.2% | 36.37% |
| 2019 | 34.5% | -5.2% | 49.4% | 38.23% |
NAV & Total Return History
BAWAX - Holdings
Concentration Analysis
| BAWAX | Category Low | Category High | BAWAX % Rank | |
|---|---|---|---|---|
| Net Assets | 10.2 B | 296 K | 317 B | 22.39% |
| Number of Holdings | 34 | 2 | 3061 | 85.48% |
| Net Assets in Top 10 | 4.89 B | 126 K | 150 B | 24.86% |
| Weighting of Top 10 | 48.96% | 0.7% | 205.0% | 66.52% |
Top 10 Holdings
- NVIDIA Corp 8.05%
- Microsoft Corp 7.12%
- Amazon.com Inc 6.32%
- Intuit Inc 4.40%
- ServiceNow Inc 4.36%
- KKR Co Inc 4.00%
- Visa Inc 3.95%
- Alphabet Inc 3.70%
- Progressive Corp/The 3.64%
- Monolithic Power Systems Inc 3.42%
Asset Allocation
| Weighting | Return Low | Return High | BAWAX % Rank | |
|---|---|---|---|---|
| Stocks | 99.12% | 0.00% | 123.52% | 42.83% |
| Cash | 0.97% | 0.00% | 173.52% | 51.72% |
| Preferred Stocks | 0.00% | 0.00% | 8.45% | 30.22% |
| Other | 0.00% | -36.56% | 42.58% | 37.66% |
| Convertible Bonds | 0.00% | 0.00% | 1.94% | 18.64% |
| Bonds | 0.00% | 0.00% | 102.71% | 21.14% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | BAWAX % Rank | |
|---|---|---|---|---|
| Technology | 41.44% | 0.00% | 65.70% | 23.91% |
| Healthcare | 23.71% | 0.00% | 39.76% | 1.91% |
| Financial Services | 10.20% | 0.00% | 43.06% | 40.09% |
| Consumer Cyclical | 10.20% | 0.00% | 62.57% | 83.45% |
| Real Estate | 4.60% | 0.00% | 16.05% | 7.18% |
| Communication Services | 4.48% | 0.00% | 66.40% | 92.27% |
| Industrials | 3.26% | 0.00% | 30.65% | 79.64% |
| Basic Materials | 2.12% | 0.00% | 18.91% | 29.00% |
| Utilities | 0.00% | 0.00% | 16.07% | 41.55% |
| Energy | 0.00% | 0.00% | 41.09% | 61.55% |
| Consumer Defense | 0.00% | 0.00% | 25.50% | 89.45% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | BAWAX % Rank | |
|---|---|---|---|---|
| US | 99.12% | 0.00% | 123.52% | 32.76% |
| Non US | 0.00% | 0.00% | 75.46% | 42.65% |
BAWAX - Expenses
Operational Fees
| BAWAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.01% | 0.01% | 28.71% | 42.44% |
| Management Fee | 0.51% | 0.00% | 1.50% | 33.18% |
| 12b-1 Fee | 0.25% | 0.00% | 1.00% | 29.28% |
| Administrative Fee | N/A | 0.01% | 1.02% | N/A |
Sales Fees
| BAWAX 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
| BAWAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | 1.00% | 1.00% | 2.00% | 63.04% |
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.
| BAWAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 23.00% | 0.00% | 316.74% | 29.29% |
BAWAX - Distributions
Dividend Yield Analysis
| BAWAX | Category Low | Category High | BAWAX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 27.58% | 52.86% |
Dividend Distribution Analysis
| BAWAX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annually | Quarterly | Annual |
Net Income Ratio Analysis
| BAWAX | Category Low | Category High | BAWAX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -0.48% | -6.13% | 3.48% | 62.99% |
Capital Gain Distribution Analysis
| BAWAX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 13, 2024 | $2.880 | CapitalGainLongTerm |
| Dec 14, 2021 | $0.911 | OrdinaryDividend |
| Dec 16, 2019 | $0.209 | CapitalGainLongTerm |
| Dec 17, 2018 | $0.043 | CapitalGainShortTerm |
| Dec 17, 2018 | $0.738 | CapitalGainLongTerm |
| Dec 19, 2017 | $0.354 | CapitalGainLongTerm |
| Dec 19, 2016 | $0.118 | CapitalGainLongTerm |
| Dec 21, 2015 | $0.143 | CapitalGainShortTerm |
| Dec 21, 2015 | $0.603 | CapitalGainLongTerm |
| Dec 23, 2014 | $0.305 | CapitalGainLongTerm |
| Dec 13, 2013 | $0.144 | CapitalGainLongTerm |
| Dec 12, 2012 | $0.006 | CapitalGainShortTerm |
BAWAX - Fund Manager Analysis
Managers
David Powell
Start Date
Tenure
Tenure Rank
Jun 29, 2012
9.93
9.9%
David is a co-portfolio manager of the Large-Cap Sustainable Growth strategy. He joined Brown Advisory in 1999 as an equity research analyst with responsibility for identifying and recommending investment opportunities in the industrials and energy sectors. Prior to joining the firm, David held a position in investor relations at T. Rowe Price.
Karina Funk
Start Date
Tenure
Tenure Rank
Jun 29, 2012
9.93
9.9%
Karina is a partner and co-portfolio manager of the Brown Advisory Large-Cap Sustainable Growth strategy (LCSG) and chair of sustainable investing. Karina joined Brown Advisory in 2009 and has extensive investment experience spanning early-stage ventures to debt and public equities. Karina is a respected leader in the investment community having been profiled in many leading financial publications, including Barron’s inaugural list of 100 Most Influential Women in Finance. She and co-portfolio manager David Powell have developed a distinctive fundamental research methodology focused on finding companies at the intersection of positive fundamental and sustainable business drivers. Karina was previously an equity research analyst for Winslow Management Co, a principal at Charles River Ventures, and an investment manager at the Massachusetts Renewable Energy Trust.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.04 | 54.45 | 8.25 | 3.08 |