Beutel Goodman Large-Cap Value Fund

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Fact Sheet

Investment approach

The Fund seeks to invest in companies at discounts to their business value, which the managers consider to be the present value of sustainable free cash flow. To identify these investment opportunities, the portfolio managers employ a disciplined, bottom-up investment process highlighted by rigorous, internally generated fundamental research. Accordingly, the portfolio managers only make investments when the managers believe that there is a sufficient discount to business value to mitigate the loss of capital in the event of adverse circumstances.

Fund profile

The Fund seeks to achieve capital appreciation by investing at least 80% of the value of its net assets  in a concentrated portfolio of equity securities of large-cap companies, which the subadviser Beutel Goodman identifies as securities with greater than $5 billion in market capitalization at time of purchase. The Fund may invest up to 20% of its net assets in non-U.S. securities, typically through sponsored American Depository Receipts (ADRs). The Fund is non-diversified and may invest a significant portion of its assets in the securities of a singler issuer or a small number of issuers.

Portfolio Sector

(As of Sep 30, 2024)

Sector Fund Benchmark
Communication Services 11.5 4.2
Consumer Discretionary 14.6 6.3
Consumer Staples 13.6 7.9
Energy — 6.7
Financials 15.7 21.2
Health Care 12.9 15.5
Industrials 9.8 14.7
Information Technology 17.2 9.1
Materials 4.6 4.6
Real Estate — 4.9
Utilities — 4.8
Source: Beutel, Goodman & Company Ltd. Sectors are based on the Global Industry Classification Standard (GICS®) classification system. Sector diversification excludes cash and equivalents. Numbers may not total due to rounding.

Characteristics

(As of Sep 30, 2024)

Portfolio Attribute Fund Benchmark
Wtd. Avg. Market Capitalization ($B) 63.9 172.1
Wtd. Median Market Capitalization ($B) 27.8 14.8
Price-To-Earnings Ratio (FY1) (x) 15.1 17.8
Price/Book Ratio (TTM)(x) 4.3 2.6
Price/Cash Flow (TTM)(x) 12.1 12.5
Earnings Growth 3-5 Yr. Est (%) 13.1 9.5
Source: Beutel, Goodman & Company Ltd. Price to Book Ratio figures derived from FactSet®. Earnings Growth 3-5 Year Estimate is not a measure of the Fund’s future performance. Characteristics exclude cash and equivalents. Mutual Fund investing involves risk. Principal loss is possible. Investments in foreign securities and ADRs entail certain risks not associated with investments in domestic securities, such as volatility of currency exchange rates, and in some cases, political and economic instability and relatively illiquid markets. The Brown Advisory Funds are distributed by ALPS Distributors, Inc. 1290 Broadway, Suite 1000, Denver, CO 80203. Brown Advisory Funds and ALPS are not affiliated.
Total assets under management value as of 09/30/2024. 
Sector allocations are subject to change and should not be considered a recommendation to buy or sell any security.
 Click here for a current prospectus. Please read and consider it carefully before investing. You may obtain a hardcopy of the prospectus by calling 1-800-540-6807. Click here for index and financial term definitions. 

Average Annual Total Returns % (As of Sep 30, 2024)

Share Class Three Months One Year Three Year Five Year Ten Year Since Inception
Investor (BIAVX) 8.06 30.89 11.14 — — 9.09
Russell 1000 Value Index 9.43 27.76 9.03 — — 9.23
Gross Expense Ratios: 0.71% (Investor), 0.56% (Institutional).
Net Expense Ratios: 0.71% (Investor), 0.56% (Institutional).
Returns greater than one year are annualized.
Performance data quoted represents past performance and is no guarantee of future results. Current performance may be lower or higher than the performance data quoted. Investment return and principal value will fluctuate so that an investor's shares, when redeemed, may be worth more or less than original cost. For monthly and quarterly performance information, please call 1-800-540-6807.
Performance data does not reflect the 1.00% fee on shares redeemed or exchanged within 14 days of purchase, and if it had, returns would be lower.
Mutual Fund investing involves risk. Principal loss is possible. Investments in foreign securities and ADRs entail certain risks not associated with investments in domestic securities, such as volatility of currency exchange rates, and in some cases, political and economic instability and relatively illiquid markets.
The Brown Advisory Funds are distributed by ALPS Distributors, Inc. 1290 Broadway, Suite 1000, Denver, CO 80203. Brown Advisory Funds and ALPS are not affiliated.
Total assets under management value as of 09/30/2024.
Click here for a current prospectus. Please read and consider it carefully before investing. You may obtain a hardcopy of the prospectus by calling 1-800-540-6807.
Click here for index and financial term definitions.

Top Holdings

(As of Sep 30, 2024)

Name Percentage
Kellanova 5.2
Gen Digital Inc 4.7
eBay Inc 4.6
Comcast Corp 4.6
PPG Industries Inc 4.4
Amdocs Ltd 4.4
Kimberly-Clark Corp 4.3
Merck & Co Inc 4.3
American Express Co 4.0
NetApp Inc 4.0
Total 44.4
Mutual Fund investing involves risk. Principal loss is possible. Investments in foreign securities and ADRs entail certain risks not associated with investments in domestic securities, such as volatility of currency exchange rates, and in some cases, political and economic instability and relatively illiquid markets. 
The Brown Advisory Funds are distributed by ALPS Distributors, Inc. 1290 Broadway, Suite 1000, Denver, CO 80203. Brown Advisory Funds and ALPS are not affiliated.
The minimum investment requirements are waived for qualified retirement plans under Section 401(a) of the Internal Revenue Code (\"IRC\"), and plans operating consistent with 403(a), 403(b), 408, 408(A), 457, 501(c) and 223(d) of the IRC.
Total assets under management value as of 09/30/2024.
Fund holdings are subject to change and should not be considered a recommendation to buy or sell any security.
Click here for a current prospectus. Please read and consider it carefully before investing. You may obtain a hardcopy of the prospectus by calling 1-800-540-6807.
Click here for index and financial term definitions.