Fund Evaluator:

Brown Advisory Small-Cap Fdmtl Val Adv Overview

Brown Advisory Small-Cap Fdmtl Val Adv (BAUAX) is an actively managed U.S. Equity Small Blend fund. Brown Advisory Funds launched the fund in 2011.

The investment seeks to achieve long-term capital appreciation. The fund normally invests at least 80% of the value of its net assets (plus borrowings for investment purposes) in equity securities of small capitalization companies. Equity securities include common stock, preferred stock, equity-equivalent securities such as convertible securities, stock futures contracts, equity options, other investment companies, ADRs, REITs and ETFs, and the Adviser may also invest in private placements in these types of securities. Small companies are companies whose market capitalizations are generally less than $6 billion at the time of purchase.

About Brown Advisory Small-Cap Fdmtl Val Adv (BAUAX)

There are 1 members of the management team with an average tenure of 17.59 years: J. David Schuster (2008). Management tenure is more important for actively managed funds than passive index funds.

The fund has 2 primary benchmarks: Russell 1000 TR USD index with a weighting of 100% and Russell 2000 Value TR USD index with a weighting of 100%. Brown Advisory Small-Cap Fdmtl Val Adv has 66 securities in its portfolio. The top 10 holdings constitute 25.3% 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 Small-Cap Fdmtl Val Adv is part of the Equity global asset class and is within the U.S. Equity fund group. Brown Advisory Small-Cap Fdmtl Val Adv has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 96.7%. There is 0.0% 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 Small-Cap Fdmtl Val Adv has 3.3% of the portfolio in cash.

Assets Under Management

The fund has $2 million in total assets, which is below the $685 million average for the Small Blend 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.

BAUAX 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 Small-Cap Fdmtl Val Adv expense ratio is high compared to funds in the Small Blend category. Brown Advisory Small-Cap Fdmtl Val Adv has an expense ratio of 1.36%, which is 30% higher than its category average, making the fund expense ratio grade a F. 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 Small-Cap Fdmtl Val Adv has a portfolio turnover rate of 39%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 66% for the Small Blend category.

Recently, in the month of July 2026, Brown Advisory Small-Cap Fdmtl Val Adv returned 1.1%, which earned it a grade of A, as the Small Blend category had an average return of -2.8%. 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 Small-Cap Fdmtl Val Adv has a trailing yield of 0.40%, which is below the 0.42% category average. The fund normally distributes its income annually and its capital gains 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 Small-Cap Fdmtl Val Adv Grades

Year to date, the fund has returned 21.8%, 3.6 percentage points better than the category, which translates into a grade of A. The fund has returned 30.6% over the past year (grade of C), 15.0% over the past three years (grade of B) and 10.3% per year over the past five years (grade of A) and 9.6% per year over the past 10 years (grade of D).

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