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BCSIX Brown Capital Mgmt Small Co Inv

  • Fund
  • BCSIX
  • Price as of: Sep 16, 2019
  • $107.51 + $0.44 + 0.41%

BCSIX - Profile

Vitals

  • YTD Return 29.0%
  • 3 Yr Annualized Return 12.2%
  • 5 Yr Annualized Return 8.5%
  • Net Assets $5.45 B
  • Holdings in Top 10 44.4%

52 WEEK LOW AND HIGH

$107.51
$76.75
$118.46

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.25%

SALES FEES

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

BROKERAGE FEES

  • Turnover 17.00%

TRADING FEES

  • Max Redemption Fee 2.00%

Min Investment

Closed to new investors as of Oct 18, 2013

STANDARD (TAXABLE)

$5,000

IRA

$2,000

Fund Classification

PRIMARY CATEGORY

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

Distributions

  • YTD Total Return 29.0%
  • 3 Yr Annualized Total Return 18.9%
  • 5 Yr Annualized Total Return 13.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.97%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name Brown Capital Management Small Company Fund
  • Fund Family Name Brown Capital Management
  • Inception Date Jul 23, 1992
  • Shares Outstanding 21271902
  • Share Class Inv
  • Currency USD
  • Domiciled Country United States
  • Manager Keith A. Lee

Fund Description

The fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in the equity securities of those companies with total operating revenues of $250 million or less at the time of the initial investment. 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 (%)
YTD 29.0% -10.8% 37.0% 12.07%
1 Yr -9.4% -64.0% 12.4% 20.10%
3 Yr 12.2%* -45.9% 31.5% 8.27%
5 Yr 8.5%* -30.4% 17.8% 6.81%
10 Yr 12.3%* -13.5% 16.7% 3.80%

* Annualized


Return Ranking - Calendar

Period BCSIX Return Category Return Low Category Return High Rank in Category (%)
2018 -6.6% -67.3% 13.6% 7.75%
2017 21.6% -73.6% 36.1% 18.36%
2016 2.8% -54.1% 133.1% 76.99%
2015 -0.4% -70.7% 8.6% 8.14%
2014 -3.2% -43.5% 76.2% 36.99%

Total Return Ranking - Trailing

Period BCSIX Return Category Return Low Category Return High Rank in Category (%)
YTD 29.0% -10.8% 37.0% 12.07%
1 Yr -3.5% -63.8% 12.4% 21.26%
3 Yr 18.9%* -27.3% 31.5% 5.77%
5 Yr 13.5%* -19.6% 19.2% 5.05%
10 Yr 15.4%* -7.8% 27.4% 2.22%

* Annualized


Total Return Ranking - Calendar

Period BCSIX Return Category Return Low Category Return High Rank in Category (%)
2018 -0.6% -67.1% 14.5% 7.92%
2017 28.9% -5.9% 42.0% 9.18%
2016 8.3% -16.4% 133.1% 58.66%
2015 -0.4% -59.6% 19.3% 19.06%
2014 2.1% -43.5% 76.2% 43.61%

NAV & Total Return History

BCSIX - Holdings

Concentration Analysis

BCSIX Category Low Category High BCSIX % Rank
Net Assets 5.45 B 1.59 M 24.2 B 4.34%
Number of Holdings 40 27 2023 96.62%
Net Assets in Top 10 2.4 B 1.03 M 2.54 B 1.61%
Weighting of Top 10 44.41% 5.0% 95.4% 3.86%

Top 10 Holdings

  1. Paycom Software Inc 5.53%

  2. Veeva Systems Inc Class A 5.40%

  3. Cognex Corp 4.54%

  4. Proto Labs Inc 4.47%

  5. Manhattan Associates Inc 4.43%

  6. Alteryx Inc Class A 4.35%

  7. Balchem Corp 4.04%

  8. Tyler Technologies Inc 4.01%

  9. Neogen Corp 3.87%

  10. Pros Holdings Inc 3.79%


Asset Allocation

Weighting Return Low Return High BCSIX % Rank
Stocks
96.89% 86.31% 100.02% 64.95%
Cash
3.11% -2.03% 22.16% 31.83%
Preferred Stocks
0.00% 0.00% 2.13% 55.95%
Other
0.00% -19.18% 7.78% 60.29%
Convertible Bonds
0.00% 0.00% 0.02% 51.77%
Bonds
0.00% 0.00% 8.42% 54.98%

Stock Sector Breakdown

Weighting Return Low Return High BCSIX % Rank
Technology
58.12% 2.71% 74.36% 0.96%
Healthcare
26.39% 1.47% 46.65% 11.09%
Industrials
7.00% 1.78% 34.57% 93.09%
Basic Materials
4.04% 0.00% 12.42% 47.11%
Energy
1.35% 0.00% 10.44% 42.44%
Utilities
0.00% 0.00% 7.40% 70.10%
Real Estate
0.00% 0.00% 12.46% 88.42%
Financial Services
0.00% -0.71% 25.12% 99.36%
Communication Services
0.00% 0.00% 3.35% 76.53%
Consumer Defense
0.00% 0.00% 14.51% 99.04%
Consumer Cyclical
0.00% 0.00% 29.01% 99.68%

Stock Geographic Breakdown

Weighting Return Low Return High BCSIX % Rank
US
96.89% 81.71% 100.02% 22.19%
Non US
0.00% 0.00% 15.55% 95.34%

BCSIX - Expenses

Operational Fees

BCSIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.25% 0.06% 5.19% 50.00%
Management Fee 1.00% 0.05% 1.59% 88.59%
12b-1 Fee 0.20% 0.00% 1.00% 28.85%
Administrative Fee N/A 0.00% 0.40% N/A

Sales Fees

BCSIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

BCSIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 2.00% 1.00% 2.00% 33.04%

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 Return Low Category Return High Rank in Category (%)
Turnover 17.00% 3.05% 629.00% 5.64%

BCSIX - Distributions

Dividend Yield Analysis

BCSIX Category Low Category High BCSIX % Rank
Dividend Yield 0.00% 0.00% 0.91% 56.27%

Dividend Distribution Analysis

BCSIX Category Low Category High Category Mode
Dividend Distribution Frequency Annually Annually Annually Annually

Dividend Payout History


Net Income Ratio Analysis

BCSIX Category Low Category High BCSIX % Rank
Net Income Ratio -0.97% -3.17% 0.96% 77.32%

Capital Gain Distribution Analysis

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

BCSIX - Managers

Keith A. Lee

Manager

Start Date

Tenure

Tenure Rank

Jul 23, 1992

27.12

27.1%

President and Chief Operating Officer Keith A. Lee joined Brown Capital Management in 1991 to launch the Small Company Strategy. Keith is a member of the firm's board of directors and is also chairman of the Management Committee, the governing body of the firm. He holds an MBA from the University of Virginia’s Darden Graduate School of Business Administration and a BA in psychology from the University of Virginia.


Kempton M. Ingersol

Manager

Start Date

Tenure

Tenure Rank

Dec 31, 2000

18.68

18.7%

Managing Director and Senior Portfolio Manager Kempton M. Ingersol joined Brown Capital Management in 1999. Prior to this, Kempton was an analyst in investment banking at Lehman Brothers, a VP at Dain Rauscher Inc., and a VP at Grigsby Brandford & Co. Kempton holds an MBA in finance from the University of Michigan and a BA in political science from Amherst College.


Damien L. Davis

Manager

Start Date

Tenure

Tenure Rank

Jul 29, 2013

6.09

6.1%

Managing Director and Portfolio Manager Damien L. Davis was originally hired at Brown Capital Management in 2003 as a research associate. While on an educational leave from the firm beginning in 2008, he attended Columbia Business School, where he earned his MBA in finance. He resumed employment at the firm in 2010. Damien holds a BA in psychology from Princeton University and is a CFA charterholder.


Andrew J. Fones

Manager

Start Date

Tenure

Tenure Rank

Jul 29, 2014

5.09

5.1%

Director and Portfolio Manager Andrew J. Fones joined Brown Capital Management in 2014. Prior to joining the firm, Andrew was an analyst at T. Rowe Price and an analyst at UBS. Andrew earned an MBA in finance and accounting from Tulane University and a BEng in civil engineering from the University of Nottingham in the U.K.


Daman C. Blakeney

Manager

Start Date

Tenure

Tenure Rank

Jul 28, 2017

2.09

2.1%

Managing Director and Senior Portfolio Manager Daman C. Blakeney joined Brown Capital Management in 2008. Prior to joining the firm, he served as senior equity research analyst at Voyageur Asset Management. Preceding that, he was an equity research analyst at Victory Capital Management. Daman received an MBA from the Fuqua School of Business at Duke University and a BA in economics from the University of North Carolina. He is a member of the CFA Institute.


Chaitanya Yaramada

Manager

Start Date

Tenure

Tenure Rank

Mar 20, 2019

0.45

0.5%


Tenure Analysis

Category Low

0.08

Category High

28.09

Category Average

7.41

Category Mode

2.5