Growth Equity Fund

Shining sun behind green mountains
Fact Sheet

Investment approach

The Fund primarily invests in the common stock of domestic, large-cap growth stocks. Bottom-up primary research drives stock selection and, typically, the Fund’s manager purchases stocks with the intent of owning them for a multi-year period. The Fund may invest up to 15% of its net assets in non-U.S. securities, typically through sponsored American Depository Receipts (ADRs).

Fund profile

This is a concentrated portfolio of fundamentally sound companies that have prospects for above-average, sustainable earnings growth. The manager adds companies in the portfolio based on the merits of their business models, their position within their respective industries, as well as the macro environment.

Portfolio Sector

(As of Sep 30, 2024)

Sector Fund Benchmark
Communication Services 5.2 12.8
Consumer Discretionary 8.8 14.2
Consumer Staples 4.5 3.6
Energy — 0.4
Financials 12.5 6.3
Health Care 15.4 7.8
Industrials 16.7 4.6
Information Technology 34.1 48.8
Materials — 0.7
Real Estate 2.9 0.6
Utilities — 0.2
Source: U.S. Bank and FactSet. Numbers may not total due to rounding. Sector breakdown (excluding cash and equivalents) and Fund holdings (including cash and equivalents) are subject to change at any time. The information provided in this material is not intended to be and should not be considered to be a recommendation or suggestion to engage in or refrain from a particular course of action or to make or hold a particular investment or pursue a particular investment strategy, including whether or not to buy, sell, or hold any of the securities mentioned. It should not be assumed that investments in such securities have been or will be profitable. Sectors are based on the Global Industry Classification Standard (GICS®) classification system. Numbers may not total due to rounding.

Characteristics

(As of Sep 30, 2024)

Portfolio Attribute Fund Benchmark
Number of Holdings 32 394
Wtd. Avg. Market Capitalization ($B) 599.8 1577.6
Wtd. Median Market Capitalization ($B) 157.7 1450.0
Earnings Growth 3-5 Yr. Est (%) 19.5 18.8
Price-to-Earnings Ratio (P/E, FY1) 36.0 31.9
Source: Fund net assets provided by U.S. Bank and are as of the last day of the quarter and include all share classes. Characteristics exclude cash and equivalents and are derived from FactSet® and are applicable to the investor share class only. Performance figures and charts include the reinvestment of dividend and capital gain distributions. Returns would have been lower during the specified periods if the payment of certain fees by the Fund had not been waived or expenses reimbursed. Earnings growth 3-5 year estimate is not an estimate of Fund performance.   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 (BIAGX), Inception: 06/28/1999 4.11 31.44 2.35 11.73 12.85 7.73
Russell 1000® Growth Index 3.19 42.19 12.02 19.74 16.52 8.39
Gross Expense Ratios: 0.69% (Institutional), 0.84% (Investor), 1.09% (Advisor).
Net Expense Ratios: 0.69% (Institutional), 0.84% (Investor), 1.09% (Advisor).
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
Microsoft Corp 4.9
NVIDIA Corp 4.7
Amazon.com Inc 4.6
Costco Wholesale Corp 4.4
Progressive Corp/The 4.2
Intuitive Surgical Inc 4.1
Alphabet Inc 4.0
Mastercard Inc 4.0
Uber Technologies Inc 3.9
S&P Global Inc 3.9
Total % of Net Assets 42.9
Mutual fund investing involves risk. Principal loss is possible. Securities of growth companies can be more sensitive to the company’s earnings and more volatile than the market in general. Investments in medium capitalization companies generally carry greater risk than is customarily associated with larger companies for various reasons such as narrower markets, limited financial resources and less liquid stock. In addition, the fund is susceptible to risks from investments in ETFs, REITs, and private placements.
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.
Past performance is no guarantee of future results.
Total assets under management value as of 09/30/2024. Fund holdings includes Cash and Equivalents which was 2.7% as of 09/30/2024 and is provided as supplemental information.
Inception date for Investor share class.
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.
Estimated EPS Growth Rate is not a measure of the fund's future performance.
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.