The Brown Advisory Beutel Goodman Large-Cap Value Fund seeks to achieve capital appreciation.

Investment approach

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. Accordingly, the portfolio managers only make investments when the managers believe that there is a sufficient discount to business value to mitigate the loss of capital in the event of adverse circumstances.

Fund profile

The fund seeks to achieve capital appreciation by investing at least 80% of the value of its net assets  in a concentrated portfolio of equity securities of large-cap companies, which the subadviser Beutel Goodman identifies as securities with greater than $5 billion in market capitalization at time of purchase. The fund may invest up to 20% of its net assets in non-U.S. securities, typically through sponsored American Depository Receipts (ADRs). The fund is non-diversified and may invest a significant portion of its assets in the securities of a singler issuer or a small number of issuers.

(As of Mar 31, 2021)

Sector Fund Benchmark
Communication Services 13.4 9.2
Consumer Discretionary 10.8 7.8
Consumer Staples 13.5 7.1
Energy 5.1
Financials 13.2 20.6
Health Care 15.4 12.6
Industrials 17.3 13.9
Information Technology 14.8 9.5
Materials 1.7 4.8
Real Estate 4.3
Utilities 5.0
Source: Beutel, Goodman & Company Ltd. Sectors are based on the Global Industry Classification Standard (GICS®) classification system. Sector diversification excludes cash and equivalents. Numbers may not total due to rounding.

(As of Mar 31, 2021)

Portfolio Attribute Fund Benchmark
Wtd. Avg. Market Capitalization ($B) 71.3 147.3
Wtd. Median Market Capitalization ($B) 24.2 74.3
Price-To-Earnings Ratio (FY1) (x) 15.9 17.9
Price/Book Ratio (TTM)(x) 4.2 2.4
Price/Cash Flow (TTM)(x) 11.1 12.5
Earnings Growth 3-5 Yr. Est (%) 10.2 13.8
Source: Beutel, Goodman & Company Ltd. Price to Book Ratio figures derived from FactSet®. Earnings Growth 3-5 Year Estimate is not a measure of the Fund’s future performance. Characteristics exclude cash and equivalents.
Share Class Three Months One Year Three Year Five Year Ten Year Since Inception

No Results Found.

(As of Mar 31, 2021)

Name Percentage
Omnicom Group Inc 5.5
Oracle Corp 5.3
American Express Co 5.0
Amgen Inc 4.9
Ingersoll Rand Inc 4.9
Kellogg Co 4.8
AmerisourceBergen Corp 4.8
Westinghouse Air Brake Technologies Corp 4.6
Merck & Co Inc 4.6
Harley-Davidson Inc 4.5
Total 49.0
Mutual fund investing involves risk. Principal loss is possible. Investments in foreign securities and ADRs entail certain risks not associated with investments in domestic securities, such as volatility of currency exchange rates, and in some cases, political and economic instability and relatively illiquid markets. 
The Brown Advisory funds are distributed by ALPS Distributors, Inc. 1290 Broadway, Suite 1100, Denver, CO 80203. Brown Advisory Funds and ALPS are not affiliated.
The minimum investment requirements are waived for qualified retirement plans under Section 401(a) of the Internal Revenue Code ("IRC"), and plans operating consistent with 403(a), 403(b), 408, 408(A), 457, 501(c) and 223(d) of the IRC.
The advisor has contractually agreed to waive fees through 10/31/19.
Total assets under management value as of 03/31/2021. 
Fund holdings and sector allocations are subject to change and should not be considered a recommendation to buy or sell any security.
Click here for a current prospectus. Please read and consider it carefully before investing. You may obtain a hardcopy of the prospectus by calling 1-800-540-6807.
Click here for index and financial term definitions.