About BAFSX
Brown Advisory Small-Cap Growth Fund Institutional Shares is an actively managed mutual fund focused on delivering long-term capital appreciation by investing primarily in equity securities of small-cap U.S. companies. The fund targets businesses identified by its management team as possessing above-average growth potential, defined by factors such as leadership in expanding markets, innovative products, and strong corporate governance. The portfolio typically consists of companies with market capitalizations below $6 billion at time of purchase, and risk is diversified by holding a concentrated yet varied selection of stocks across multiple sectors, including healthcare, consumer cyclical, energy, and financial services. Up to 20% of the fund's assets may be allocated to non-U.S. and emerging market equities, often via American Depository Receipts. Guided by fundamental analysis, the fund’s managers emphasize firms with "3G" characteristics: durable growth profiles, sound governance, and scalable business models. With a relatively low expense ratio and a focus on exploiting market inefficiencies among smaller companies, this fund serves investors seeking exposure to dynamic, high-growth segments of the equity market through a disciplined, research-driven approach.
Fund Family Brown Advisory Funds
Category Small Growth
Stock Exchange NASDAQ
Ticker Symbol BAFSX
Share Class Institutional Shares
Index Russell 2000 Growth TR
BAFSX had a total return of 4.34% in the past year, including dividends. Since the fund's
inception, the average annual return has been 9.01%.
