Overview
The Fund seeks to invest in companies at discounts to their business value, which the managers consider to be the present value of sustainable free cash flow. To identify these investment opportunities, the portfolio managers employ a disciplined, bottom-up investment process highlighted by rigorous, internally generated fundamental research. The Strategy’s investment team believes that stocks purchased at a significant discount to business value have an inherent margin of safety. This approach combined with a focus on quality, growing companies with strong balance sheets, helps avoid the possibility of capital loss.
- Long-term: Require minimum expected return of 50% on initial investment over three years.
- Concentrated portfolio with highest conviction ideas: Typically 25–35 holdings in a diversified portfolio.
- The strategy incorporates a process-driven approach to risk management, where there is an automatic review for stocks that exceed their upside or downside targets. Stocks that exceed their upside target are automatically reduced by one-third.
Past performance is not a guarantee of future performance and you may not get back the amount invested. All investments involve risk. The value of the investment and the income from it will vary. There is no guarantee that the initial investment will be returned.
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The information in this section of the website is for information purposes only and does not constitute a recommendation or investment advice to buy or sell securities.
Some Brown Advisory strategies may meet your needs and objectives more effectively than those referred to in this section of the website. For more information, please contact us directly. For more information on all U.S. and Global strategies, please see the list of strategies.
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