The Brown Advisory Equity Income Fund seeks to provide current dividend yield and dividend growth.
The fund seeks to invest at least 80% of its assets in a diversified portfolio of dividend-paying stocks. The manager may invest up to 20% of the fund in fixed income. Stock selection involves screening for yield, fundamental research, and an assessment of a company's dividend policy. The fund will focus on medium and large cap stocks with market caps greater than $2 billion at the time of initial investment.
The fund is a concentrated portfolio of securities that the manager views as high-quality companies offering above-average dividend yields and the potential for dividend growth. The fund seeks to offer investors the opportunity for an attractive total return with potentially lower volatility than broad market indices.