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
Performance Rating Average
Risk Rating Low
Stock Exchange NASDAQ
Ticker Symbol BAFSX
Share Class Institutional Shares
Index Russell 2000 Growth TR
BAFSX had a total return of 10.01% in the past year, including dividends. Since the fund's
inception, the average annual return has been 8.81%.
