Fund Evaluator:

Brown Advisory BeutelGoodmanLg-CpValInst Overview

Brown Advisory BeutelGoodmanLg-CpValInst (BVALX) is an actively managed U.S. Equity Mid-Cap Value fund. Brown Advisory Funds launched the fund in 2018.

The investment seeks to achieve capital appreciation. Under normal conditions, the fund seeks 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 of large-cap companies. It seeks to invest in companies at discounts to their business value, which the advisor considers to be the present value of sustainable free cash flow. The fund may invest up to 20% of its net assets in foreign securities. It is non-diversified.

About Brown Advisory BeutelGoodmanLg-CpValInst (BVALX)

There are 2 members of the management team with an average tenure of 8.47 years: Glenn Fortin (2018), Rui Cardoso (2018). 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 1000 Value TR USD index with a weighting of 100%. Brown Advisory BeutelGoodmanLg-CpValInst has 34 securities in its portfolio. The top 10 holdings constitute 43.1% of the fund’s assets. The fund meets the SEC requirement of being classified as a nondiversified fund. The fund is not considered to have an ESG focus with its investment selection and management.

Brown Advisory BeutelGoodmanLg-CpValInst is part of the Equity global asset class and is within the U.S. Equity fund group. Brown Advisory BeutelGoodmanLg-CpValInst has 4.4% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 91.7%. There is 4.4% 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 BeutelGoodmanLg-CpValInst has 3.9% of the portfolio in cash.

Assets Under Management

The fund has $855 million in total assets, which is above the $642 million average for the Mid-Cap Value 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.

BVALX 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 BeutelGoodmanLg-CpValInst expense ratio is average compared to funds in the Mid-Cap Value category. Brown Advisory BeutelGoodmanLg-CpValInst has an expense ratio of 0.55%, which is 47% 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 BeutelGoodmanLg-CpValInst has a portfolio turnover rate of 27%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 51% for the Mid-Cap Value category.

Recently, in the month of July 2026, Brown Advisory BeutelGoodmanLg-CpValInst returned 2.8%, which earned it a grade of B, as the Mid-Cap Value category had an average return of 1.7%. 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 BeutelGoodmanLg-CpValInst has a trailing yield of 2.11%, which is above the 0.87% 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 BeutelGoodmanLg-CpValInst Grades

Year to date, the fund has returned 13.8%, 1.8 percentage points worse than the category, which translates into a grade of D. The fund has returned 22.1% over the past year (grade of C), 11.4% over the past three years (grade of D) and 8.8% per year over the past five years (grade of C).

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