WMC Strategic European Equity Fund

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Fact Sheet

Investment approach

The fund is managed by Wellington Management who oversees the investment decision making process and country allocation. The managers focus on those companies and industries that enjoy above-average sales, earnings, and/or cash flow growth which the market may not have fully anticipated. The team uses the output of global industry analysts to drive the bottom-up stock selection that drives portfolio decisions.

Fund profile

The fund invests primarily in a moderately concentrated portfolio of the common stock companies which are domiciled in or exercise the predominant part of their economic activity in Europe, as defined by their inclusion in the MSCI Europe Index.   The fund may purchase the securities of companies of any market capitalization and may invest up to 20% of its net assets in securities of companies that are established or operating in countries that are considered outside Europe, which may include both developed and less-developed countries.

Portfolio Sector

(As of Sep 30, 2024)

Sector Fund Benchmark
Communicaton Services 3.9 3.3
Consumer Discretionary 8.5 9.7
Consumer Staples 17.0 10.8
Energy 2.5 4.7
Financials 16.2 19.2
Health Care 5.6 16.1
Industrials 35.1 17.0
Information Technology 2.4 7.5
Materials 8.2 6.5
Real Estate 0.6 0.9
Utilities — 4.2
Source: U.S. Bank. 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 66 404
Avg. Market Capitalization ($B) 30.9 118.6
Forward P/E Ratio 12.0 12.5
P/E to Growth Ratio 1.2 1.1
Source: Fund Net Assets provided by U.S. Bank; portfolio characteristics provided by Wellington Management. Portfolio statistics were calculated using WMC’s internal systems, which use the BARRA factor model for certain data. For projected risk statistics, certain assumptions were made within the BARRA factor model with respect to model type, benchmark, security classification and risk assignment, and timing to calculate results. Differing assumptions can cause projected risk statistics to vary and may cause the figures to deviate significantly from those obtained with another risk model. Characteristics exclude cash and equivalents with the exception of number of holdings.   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 (BIAHX), Inception: 10/21/2013 8.97 31.10 9.07 11.74 8.47 7.38
MSCI Europe Net 6.58 25.23 6.66 8.90 5.59 5.27
Gross Expense Ratios: 1.23% (Investor), 1.08% (Institutional), 1.48% (Advisor)
Net Expense Ratios: 1.23% (Investor), 1.08% (Institutional), 1.48% (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
British American Tobacco PLC 4.5
Rheinmetall AG 3.5
Unilever PLC 3.3
Holcim AG 3.2
Haleon PLC 2.8
AIB Group PLC 2.7
Smiths Group PLC 2.6
Erste Group Bank AG 2.5
BAE Systems PLC 2.5
KBC Group NV 2.5
Total % of Net Assets 30.2
Mutual fund investing involves risk. Principal loss is possible. Because a significant portion of the assets of the Fund are invested in European securities, the Fund’s performance is expected to be impacted by the political, social and economic environment within Europe. As such, the Fund’s performance may be more volatile than the performance of funds that are more geographically diverse. Investments in foreign securities 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. These risks are greater in emerging markets. Investments in smaller and 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 derivatives, ETFs, REITs, and its investments in other investment companies.
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.
© 2023 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.
The Morningstar Rating™ for funds, or “star rating”, is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product’s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating™ for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating™ metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. Past performance is no guarantee of future results.
Brown Advisory WMC Strategic European Equity was rated against the following numbers of U.S. domiciled Europe Stock funds over the following time periods: 83 funds in the last three years, 82 funds in the last five years and 54 funds in the last ten years for the period ending 09/30/2024. With respect to these European Equity funds, Brown Advisory WMC Strategic European Equity Fund received a Morningstar Rating of 4 stars, 5 stars and 5 stars for the three, five and ten-year periods, respectively. Morningstar Rating is for the Investor share class only; other classes may have different performance characteristics.
Morningstar Rating™ as of 09/30/2024 for Investor Shares (derived from a weighted average of the fund’s three-, five- and 10-year risk adjusted return measure).
Total assets under management value as of 09/30/2024. 
Inception date for Investor share class.
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.