- ISIN
- US1152338687
- CUSIP
- 115233868
- Issuer
- Brown Advisory Funds
- Inception Date
- Nov 30, 2006
- Category
- Large Cap Growth Equities
- Min. Investment
- $100
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
Share Price Chart
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Performance
BIAFX Performance Chart
Brown Advisory Flexible Equity Fund (BIAFX) is up 6.2% since the beginning of the year. BIAFX is currently trading at $45 per share. Investors who bought $1,000 worth of BIAFX shares 5 years ago would now be looking at an investment worth $1,670.
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Returns By Period
Brown Advisory Flexible Equity Fund (BIAFX) has returned 6.18% so far this year and 14.87% over the past 12 months. Looking at the last ten years, BIAFX has achieved an annualized return of 15.63%, outperforming the S&P 500 Index benchmark, which averaged 13.88% per year.
Brown Advisory Flexible Equity Fund
- 1D
- 1.53%
- 1M
- 2.29%
- YTD
- 6.18%
- 6M
- 5.89%
- 1Y
- 14.87%
- 3Y*
- 18.01%
- 5Y*
- 10.80%
- 10Y*
- 15.63%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
BIAFX Monthly Returns History
Based on dividend-adjusted daily data since Dec 4, 2006, BIAFX's average daily return is +0.05%, while the average monthly return is +0.92%. At this rate, an investment would double in approximately 6.3 years.
Historically, 64% of months were positive and 36% were negative. The best month was Apr 2020 with a return of +13.2%, while the worst month was Oct 2008 at -16.8%. The longest winning streak lasted 15 consecutive months, and the longest losing streak was 6 months.
On a daily basis, BIAFX closed higher 53% of trading days. The best single day was Oct 13, 2008 with a return of +11.6%, while the worst single day was Mar 16, 2020 at -12.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -0.35% | -1.93% | -5.41% | 11.97% | 1.52% | 1.05% | 6.18% | ||||||
| 2025 | 5.46% | -3.19% | -5.13% | -1.48% | 6.03% | 4.74% | 0.00% | 1.17% | 1.05% | -1.01% | 1.05% | 1.27% | 9.74% |
| 2024 | 2.22% | 5.95% | 2.98% | -4.08% | 3.50% | 2.78% | 2.02% | 2.43% | 1.43% | -0.48% | 6.67% | -3.39% | 23.72% |
| 2023 | 8.33% | -1.81% | 2.66% | 1.73% | 0.88% | 7.13% | 3.83% | -0.39% | -4.31% | -2.54% | 10.81% | 4.83% | 34.52% |
| 2022 | -4.05% | -4.67% | 1.76% | -8.92% | 1.05% | -8.79% | 8.79% | -4.43% | -9.41% | 7.38% | 5.82% | -5.62% | -21.07% |
| 2021 | -1.52% | 4.49% | 5.07% | 6.33% | -0.06% | 2.80% | 1.61% | 2.25% | -4.56% | 6.17% | -3.70% | 4.35% | 24.95% |
Benchmark Metrics
Brown Advisory Flexible Equity Fund has an annualized alpha of 1.20%, beta of 1.01, and R2 of 0.95 versus S&P 500 Index. Calculated based on daily prices since December 04, 2006.
- This fund captured 105.41% of S&P 500 Index gains but only 99.97% of its losses - a favorable profile for investors.
- With beta of 1.01 and R2 of 0.95, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 1.20%
- Beta
- 1.01
- R²
- 0.95
- Upside Capture
- 105.41%
- Downside Capture
- 99.97%
Expense Ratio
BIAFX has an expense ratio of 0.68%, placing it in the medium range.
Return for Risk
Risk / Return Rank
BIAFX ranks 15 for risk / return — in the bottom 15% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Brown Advisory Flexible Equity Fund (BIAFX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BIAFX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.96 | ||
| Sortino ratioReturn per unit of downside risk | -1.22 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.37 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.11 | 2.78 | -1.67 |
| Martin ratioReturn relative to average drawdown | 4.00 | 12.44 | -8.44 |
Dividends
Dividend History
Brown Advisory Flexible Equity Fund provided a 5.47% dividend yield over the last twelve months, with an annual payout of $2.47 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $2.47 | $2.47 | $1.98 | $0.93 | $0.98 | $1.30 | $0.91 | $2.15 | $0.79 | $0.09 | $0.07 | $0.09 |
Dividend yield | 5.47% | 5.81% | 4.81% | 2.67% | 3.71% | 3.75% | 3.16% | 8.65% | 4.15% | 0.42% | 0.44% | 0.58% |
Monthly Dividends
The table displays the monthly dividend distributions for Brown Advisory Flexible Equity Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.47 | $2.47 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.98 | $1.98 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.93 | $0.93 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.98 | $0.98 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.30 | $1.30 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Brown Advisory Flexible Equity Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Brown Advisory Flexible Equity Fund was 60.32%, occurring on Mar 9, 2009. Recovery took 975 trading sessions.
The current Brown Advisory Flexible Equity Fund drawdown is 0.72%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -60.32%Mar 2009 | 1y 9mo | 3y 10mo | 5y 7moJun 2007 - Jan 2013 |
COVID crash2020 | -35.49%Mar 2020 | 1mo 2d | 4mo 15d | 5mo 17dFeb 2020 - Aug 2020 |
Bear market2022 | -27.44%Oct 2022 | 11mo 7d | 1y 1mo | 2y 22dNov 2021 - Dec 2023 |
Rate-hike selloffLate 2018 | -21.14%Dec 2018 | 3mo 4d | 3mo 29d | 7mo 3dSep 2018 - Apr 2019 |
2016 correction2016 | -18.56%Feb 2016 | 6mo 25d | 6mo 6d | 1y 26dJul 2015 - Aug 2016 |
Drawdown Indicators
| BIAFX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.32% | -56.78% | -3.54% |
Max Drawdown (1Y)Largest decline over 1 year | -13.10% | -9.10% | -4.00% |
Max Drawdown (3Y)Largest decline over 3 years | -17.99% | -18.90% | +0.91% |
Max Drawdown (5Y)Largest decline over 5 years | -27.44% | -25.43% | -2.01% |
Max Drawdown (10Y)Largest decline over 10 years | -35.49% | -33.92% | -1.57% |
Current DrawdownCurrent decline from peak | -0.72% | -1.80% | +1.08% |
Average DrawdownAverage peak-to-trough decline | -10.13% | -10.71% | +0.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.64% | 2.03% | +1.61% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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