BAFAX Performance — Brown Advisory Flexible Equity Fund, Advisor Shares
Data updated: 2026-09-11
BAFAX returned +6.43% year to date and +10.09% over one year to Jun 2026. Annualised returns are +17.17% over 3 years and +9.92% over 5 years. Against its US Large Value category average the fund came out ahead over three years but behind over one: $100 invested three years ago grew to $161, against $158 for the category, and to $110 over one year, against $121. Volatility over the past three years was 14.03% a year. In the 12 months to Jun 2026 the fund lost a net $78.6M, and assets reached $993.25M.
BAFAX Growth of $100
What $100 invested in Brown Advisory Flexible Equity 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 | BAFAX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $110 | $121 |
| 3 years (Jul 2023 – Jun 2026) | $161 | $158 |
| 5 years (Jul 2021 – Jun 2026) | $160 | $165 |
| Since data start (Jul 2019 – Jun 2026) | $257 | $223 |
BAFAX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +6.43% |
| 1 year | +10.09% |
| 3 years (annualised) | +17.17% |
| 5 years (annualised) | +9.92% |
BAFAX Annual Returns
Calendar-year total returns of Brown Advisory Flexible Equity Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +6.43% |
| 2025 | +9.46% |
| 2024 | +23.42% |
| 2023 | +34.17% |
| 2022 | −21.27% |
| 2021 | +24.64% |
| 2020 | +19.59% |
| 2019 (Jul–Dec) | +13.71% |
BAFAX 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | −0.4% | −2.0% | −5.4% | +12.0% | +1.5% | +1.4% | — | — | — | — | — | — |
| 2025 | +5.4% | −3.2% | −5.1% | −1.5% | +6.0% | +4.7% | 0.0% | +1.2% | +1.0% | −1.0% | +1.0% | +1.3% |
| 2024 | +2.2% | +5.9% | +2.9% | −4.1% | +3.5% | +2.8% | +2.0% | +2.4% | +1.4% | −0.5% | +6.7% | −3.4% |
| 2023 | +8.3% | −1.8% | +2.7% | +1.7% | +0.9% | +7.1% | +3.8% | −0.4% | −4.3% | −2.5% | +10.8% | +4.8% |
| 2022 | −4.1% | −4.7% | +1.7% | −8.9% | +1.1% | −8.8% | +8.7% | −4.4% | −9.4% | +7.3% | +5.8% | −5.7% |
| 2021 | −1.6% | +4.5% | +5.1% | +6.3% | −0.1% | +2.8% | +1.6% | +2.2% | −4.6% | +6.2% | −3.7% | +4.4% |
| 2020 | −0.9% | −8.1% | −13.6% | +13.2% | +7.8% | +1.6% | +6.4% | +8.4% | −4.6% | −3.1% | +11.0% | +3.7% |
| 2019 | — | — | — | — | — | — | +2.7% | −1.7% | +0.8% | +3.3% | +5.2% | +2.7% |
BAFAX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 14.03%
- 3-year Sharpe ratio: 0.90 (vs 4.5% risk-free rate)
- Best month: +11.96% (Apr 2026)
- Worst month: −5.43% (Mar 2026)
BAFAX Fund Flows
Monthly money in and out of Brown Advisory Flexible Equity Fund, from SEC Form N-PORT.
- 12-month net flow: −$78.6M
- 12-month gross sales (incl. reinvestments): $63.4M
- Sales ÷ redemptions: 0.45×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $5.0M | $18.6M | −$13.5M |
| May 2026 | $596K | $16.0M | −$15.4M |
| Apr 2026 | $653K | $12.8M | −$12.1M |
| Mar 2026 | $3.9M | $16.6M | −$12.7M |
| Feb 2026 | $3.0M | $14.8M | −$11.8M |
| Jan 2026 | $8.9M | $15.8M | −$6.8M |
| Dec 2025 | $25.2M | $9.5M | $15.7M |
| Nov 2025 | $1.9M | $8.8M | −$6.9M |
| Oct 2025 | $1.2M | $5.1M | −$3.9M |
| Sep 2025 | $5.1M | $7.9M | −$2.9M |
| Aug 2025 | $3.1M | $11.1M | −$8.0M |
| Jul 2025 | $4.9M | $5.2M | −$245K |
BAFAX Assets Under Management
Net assets of Brown Advisory Flexible Equity Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $993.25M |
| 2026-03-31 | $898.42M |
| 2025-12-31 | $1.00B |
| 2025-09-30 | $1.04B |
| 2025-06-30 | $1.03B |
| 2025-03-31 | $956.41M |
| 2024-12-31 | $994.96M |
| 2024-09-30 | $993.27M |
| 2024-06-30 | $924.46M |
| 2024-03-31 | $893.47M |
| 2023-12-31 | $789.36M |
| 2023-09-30 | $697.25M |
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.