Brown Advisory Flexible Equity Fund Advisor Shares (BAFAX)

Fund Assets	955.06M
Expense Ratio	0.922%
Min. Investment	$100
Turnover	17.00%
Dividend (ttm)	0.03
Dividend Yield	0.07%
Dividend Growth	-3.86%
Payout Frequency	n/a
Ex-Dividend Date	Dec 29, 2025

Previous Close	45.51
YTD Return	7.79%
1-Year Return	10.94%
5-Year Return	51.98%
52-Week Low	37.80
52-Week High	47.27
Beta (5Y)	1.08
Holdings	44
Inception Date	Jan 24, 2007

About BAFAX

The Brown Advisory Flexible Equity Fund Advisor Shares is an actively managed mutual fund focused on achieving long-term capital growth. Its primary strategy is to invest at least 80% of its net assets in a diversified portfolio of equity securities, primarily targeting medium- and large-cap companies with strong or improving business fundamentals whose share prices the management team believes do not fully reflect these positive attributes. The fund is known for its flexible approach, seeking opportunities across both value and growth segments and spanning a broad universe of industries and sectors. While the majority of its investments are in U.S. companies, the fund may allocate up to 15% of its assets to non-U.S. securities, typically through American Depository Receipts. The portfolio is moderately concentrated, with top holdings often drawn from leading technology, financial, and healthcare firms. Emphasizing businesses with durable competitive advantages, capable management, and sound capital allocation, the Brown Advisory Flexible Equity Fund plays a significant role for investors seeking broad, active exposure to quality U.S. equities with selective international diversification.

• Fund Family: Brown Advisory Funds
• Category: Large Blend
• Performance Rating: Average
• Risk Rating: Above Average
• Stock Exchange: Nasdaq
• Ticker Symbol: BAFAX
• Share Class: Advisor Shares
• Index: S&P 500 TR

Performance

BAFAX had a total return of 10.94% in the past year, including dividends. Since the fund's inception, the average annual return has been 14.18%.

Equivalent Funds

These are funds that follow the same index from the other major fund companies.

Symbol	Provider	Name	Expense Ratio
FMGKX	Fidelity	Fidelity Magellan K	0.56%
FEQDX	Fidelity	Fidelity Advisor Hedged Equity C	1.54%
FEQJX	Fidelity	Fidelity Advisor Hedged Equity I	0.57%
FEQNX	Fidelity	Fidelity Advisor Hedged Equity M	1.05%
FEQZX	Fidelity	Fidelity Advisor Hedged Equity Z	0.49%

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
BAFFX	Institutional Shares	0.52%
BIAFX	Investor Shares	0.67%

Top 10 Holdings

47.85% of assets

Name	Symbol	Weight
Taiwan Semiconductor Manufacturing Company Limited	TSM	7.88%
Microsoft Corporation	MSFT	6.72%
Meta Platforms, Inc.	META	5.30%
Amazon.com, Inc.	AMZN	4.75%
Alphabet Inc.	GOOGL	4.31%
Visa Inc.	V	4.23%
Alphabet Inc.	GOOG	3.97%
Mastercard Incorporated	MA	3.91%
NVIDIA Corporation	NVDA	3.75%
KKR & Co. Inc.	KKR	3.02%

Dividend History

Ex-Dividend	Amount	Pay Date
Dec 29, 2025	$0.0339	Dec 29, 2025
Dec 15, 2025	$2.39871	Dec 15, 2025
Dec 27, 2024	$0.03526	Dec 27, 2024
Dec 13, 2024	$1.8701	Dec 13, 2024
Dec 26, 2023	$0.02792	Dec 26, 2023
Dec 13, 2023	$0.85096	Dec 13, 2023

Data Sources: Tiingo, Financial Modeling Prep, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Financial Modeling Prep. Several fund data points are also provided by Finnhub.

Last checked:

Nov 7, 2026

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