BADAX Performance — Brown Advisory Equity Income Fund, Advisor Shares
Data updated: 2024-02-28
BADAX returned +8.06% over one year to Dec 2023. The annualised 3-year return is +6.24%. The fund trailed its US Large Value category average: $100 invested three years ago grew to $120, against $131 for the category, and to $108 over one year, against $114. Volatility over the past three years was 15.77% a year. In the 12 months to Dec 2023 the fund took in a net $59.0M, and assets reached $20.12M.
BADAX Growth of $100
What $100 invested in Brown Advisory Equity Income Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Large Value category average over the same months.
| Period | BADAX | Category average |
|---|---|---|
| 1 year (Jan 2023 – Dec 2023) | $108 | $114 |
| 3 years (Jan 2021 – Dec 2023) | $120 | $131 |
| Since data start (Jul 2019 – Dec 2023) | $139 | $151 |
BADAX Trailing Returns
Total returns to Dec 2023, from SEC N-PORT.
| Period | Total return |
|---|---|
| 1 year | +8.06% |
| 3 years (annualised) | +6.24% |
BADAX Annual Returns
Calendar-year total returns of Brown Advisory Equity Income Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2023 | +8.06% |
| 2022 | −12.00% |
| 2021 | +26.10% |
| 2020 | +6.36% |
| 2019 (Jul–Dec) | +9.13% |
BADAX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | +3.8% | −2.4% | +1.0% | +1.8% | −4.1% | +5.8% | +3.5% | −2.7% | −4.5% | −2.3% | +5.1% | +3.5% |
| 2022 | −3.9% | −3.2% | +2.6% | −5.4% | +0.6% | −7.4% | +6.2% | −3.1% | −8.3% | +9.5% | +6.2% | −4.7% |
| 2021 | −1.1% | +0.9% | +6.3% | +4.1% | +1.6% | +0.9% | +2.9% | +2.3% | −4.8% | +8.2% | −2.3% | +5.1% |
| 2020 | −1.3% | −9.2% | −12.7% | +10.2% | +4.1% | +2.2% | +3.8% | +5.0% | −3.2% | −3.3% | +9.8% | +3.6% |
| 2019 | — | — | — | — | — | — | +0.9% | −1.1% | +1.8% | +1.4% | +2.5% | +3.4% |
BADAX Risk
Risk measures from monthly returns over Jan 2021 – Dec 2023.
- 3-year volatility (annualised): 15.77%
- 3-year Sharpe ratio: 0.11 (vs 4.5% risk-free rate)
- Best month: +9.49% (Oct 2022)
- Worst month: −8.26% (Sep 2022)
BADAX Fund Flows
Monthly money in and out of Brown Advisory Equity Income Fund, from SEC Form N-PORT.
- 12-month net flow: $59.0M
- 12-month gross sales (incl. reinvestments): $3.5M
- Sales ÷ redemptions: -0.06×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Dec 2023 | $1.2M | −$2.7M | $3.9M |
| Nov 2023 | $0 | −$41.4M | $41.4M |
| Oct 2023 | $85K | −$1.2M | $1.3M |
| Sep 2023 | $22K | −$972K | $995K |
| Aug 2023 | $19K | −$1.5M | $1.5M |
| Jul 2023 | $162K | −$889K | $1.1M |
| Jun 2023 | $24K | −$747K | $771K |
| May 2023 | −$28K | −$555K | $527K |
| Apr 2023 | $482K | −$1.7M | $2.2M |
| Mar 2023 | $311K | −$1.5M | $1.9M |
| Feb 2023 | $343K | −$729K | $1.1M |
| Jan 2023 | $945K | −$1.6M | $2.5M |
BADAX Assets Under Management
Net assets of Brown Advisory Equity Income Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2023-12-31 | $20.12M |
| 2023-09-30 | $66.48M |
| 2023-06-30 | $72.50M |
| 2023-03-31 | $72.95M |
| 2022-12-31 | $73.76M |
| 2022-09-30 | $69.81M |
| 2022-06-30 | $76.42M |
| 2022-03-31 | $89.34M |
| 2021-12-31 | $94.50M |
| 2021-09-30 | $88.17M |
| 2021-06-30 | $88.76M |
| 2021-03-31 | $84.91M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.