Fund Evaluator:

Brown Advisory Global Leaders Instl Overview

Brown Advisory Global Leaders Instl (BAFLX) is an actively managed International Equity Global Large-Stock Growth fund. Brown Advisory Funds launched the fund in 2018.

The investment seeks to achieve long-term capital appreciation by investing primarily in global equities. The fund aims to achieve its investment objective by investing at least 80% of the value of its net assets (plus any borrowings for investment purposes) in equity securities. It also will, under normal market conditions: (1) invest at least 40% of its assets outside the United States, or if market conditions are not favorable, at least 30% of its assets outside the United States, and (2) hold securities of issuers located in at least three countries.

About Brown Advisory Global Leaders Instl (BAFLX)

There are 2 members of the management team with an average tenure of 10.75 years: Michael Dillon (2015), Bertie Thomson (2016). Management tenure is more important for actively managed funds than passive index funds.

The fund has 1 primary benchmark: MSCI ACWI NR USD index with a weighting of 100%. Brown Advisory Global Leaders Instl has 37 securities in its portfolio. The top 10 holdings constitute 51.7% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.

Brown Advisory Global Leaders Instl is part of the Equity global asset class and is within the International Equity fund group. Brown Advisory Global Leaders Instl has 48.7% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 51.0%. There is 48.7% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Brown Advisory Global Leaders Instl has 0.4% of the portfolio in cash.

Assets Under Management

The fund has $2 billion in total assets, which is above the $964 million average for the Global Large-Stock Growth category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

BAFLX Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Brown Advisory Global Leaders Instl expense ratio is above average compared to funds in the Global Large-Stock Growth category. Brown Advisory Global Leaders Instl has an expense ratio of 0.76%, which is 32% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. Brown Advisory Global Leaders Instl has a portfolio turnover rate of 22%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 46% for the Global Large-Stock Growth category.

Recently, in the month of August 2026, Brown Advisory Global Leaders Instl returned 2.5%, which earned it a grade of C, as the Global Large-Stock Growth category had an average return of 2.2%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.

Brown Advisory Global Leaders Instl has a trailing yield of 0.42%, which is above the 0.25% category average. The fund normally distributes its income annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

Brown Advisory Global Leaders Instl Grades

Year to date, the fund has returned 1.0%, 7.4 percentage points worse than the category, which translates into a grade of F. The fund has returned 4.2% over the past year (grade of D), 13.0% over the past three years (grade of D) and 6.5% per year over the past five years (grade of C) and 12.4% per year over the past 10 years (grade of C).

For more mutual fund grades, analysis and screening tools to help your investment discovery, join AAII for a $2, full-access trial. Learn more here: https://invest.aaii.com/membership.

Otherwise, for more information about Brown Advisory Global Leaders Instl, including its riskiness, submit your email to unlock the rest of the article.