Emerging Markets Select Fund

Shining sun behind green mountains
Fact Sheet

Investment approach

The Fund aims to primarily invest at least 80% of its net assets in equity securities issued by companies established or operating in emerging markets and Asia ex-Japan. Bottom-up, fundamental research drives stock selection, and the managers are not bound by market capitalization restrictions or thresholds.

Fund profile

The Fund invests in well-capitalized emerging market and Asian ex-Japan companies that exhibit the potential for long-term growth. The managers seeks to purchase companies with strong management teams, sound governance and quality business models that they believe demonstrate the ability to succeed in the future. They believe in using temporary price pullbacks to buy companies that are underperforming their historical earnings potential. Using this approach, the managers believe the Fund offers investors the potential for attractive, risk-adjusted return within an inherently volatile market.

Portfolio Sector

(As of Sep 30, 2024)

Sector Fund Benchmark
Communication Services 8.2 9.4
Consumer Discretionary 14.3 14.0
Consumer Staples 7.0 5.2
Energy 3.2 4.8
Financials 25.9 22.8
Health Care 1.2 3.6
Industrials 7.5 6.8
Information Technology 20.5 22.2
Materials 3.9 6.6
Real Estate 5.6 1.6
Utilities 2.8 2.9
Unassigned — —
Source: FactSet. Sector breakdown (excluding cash and equivalents) and fund holdings (including cash and equivalents) are subject to change at any time. 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
Weighted Avg. Market Capitalization ($B) 155.6 156.4
P/E Forward (x) 12.0 13.5
Source: Fund Net Assets provided by U.S. Bank; portfolio characteristics provided by Somerset Capital Management. Characteristics and sector and regional exposure (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. Figures may not total 100% due to rounding.   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 (BIAQX), Inception: 12/12/2012 6.80 22.50 2.69 7.76 3.83 3.15
MSCI Emerging Markets Index 8.72 26.05 0.40 5.75 4.02 3.50
Gross Expense Ratios: 1.10% (Institutional), 1.25% (Investor), 1.50% (Advisor).
Net Expense Ratios: 1.10% (Institutional), 1.25% (Investor), 1.50% (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
Taiwan Semiconductor Manufacturing Co Ltd 9.8
Tencent Holdings Ltd 5.2
Samsung Electronics Co Ltd 4.5
Alibaba Group Holding Ltd 1.7
KB Financial Group Inc 1.6
ICICI Bank Ltd 1.6
Bank Rakyat Indonesia Persero Tbk PT 1.5
China Overseas Land & Investment Ltd 1.5
Axis Bank Ltd 1.4
Reliance Industries Ltd 1.4
Total 30.1
Mutual Fund investing involves risk. Principal loss is possible. The Fund may invest in foreign securities which involve greater volatility and political, economic and currency risks and differences in accounting methods. These risks are greater in emerging markets. The Fund invests in smaller companies which carry greater risk than is 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.
Total assets under management value as of 09/30/2024. 
Inception date for Investor share class.
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.
Diversification does not assume a profit nor protect against loss in a declining market.
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.