BISLX Fees and Costs — Brown Advisory Sustainable International Leaders Fund, Investor Shares
Data updated: 2026-09-11
The net expense ratio is 1.01% (1.32% before fee waivers). There are no sales loads or redemption fees. In fiscal 2026 the fund paid $45K in broker commissions, 0.1146% of average net assets, and portfolio turnover was 47%.
BISLX Fees and Expenses
Annual operating expenses and sales charges of BISLX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | — |
| Gross expense ratio | 1.32% |
| Fee waiver | −0.31% |
| Net expense ratio | 1.01% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
BISLX Costs Over Time
On $10,000 invested in BISLX, assuming 5% a year before costs, total costs come to $702 over 5 years, cutting the return by 1.18% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 1.01%) | $106 | $330 | $572 |
| Trading costs (broker commissions) | $12 | $37 | $65 |
| Lost growth on money paid in costs | $0 | $18 | $64 |
| Total costs | $118 | $386 | $702 |
| Value after costs | $10,382 | $11,190 | $12,061 |
| Impact on return, per year | 1.18% | 1.18% | 1.18% |
BISLX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.1146%
- Total broker commissions: $45K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 47%
- Securities lending: none during the year
BISLX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| SG AMERICAS SECURITIES LLC | $12K | 26.86% |
| PERSHING LLC | $9K | 20.32% |
| UBS FINANCIAL SERVICES INC. | $7K | 16.14% |
| CLSA AMERICAS LLC | $4K | 10.02% |
| J.P. MORGAN SECURITIES LLC | $3K | 8.14% |
| MERRILL LYNCH PIERCE FENNER & SMITH INCORPORATED | $3K | 7.80% |
| JEFFERIES LLC | $2K | 4.39% |
| INSTINET LLC | $1K | 3.44% |
| MORGAN STANLEY & CO. LLC | $746 | 1.73% |
| XP INVESTMENTS US LLC | $497 | 1.16% |
Brown Advisory Sustainable International Leaders Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| BAILX | Institutional Shares | 0.86% | none |
| BISLX | Investor Shares | 1.01% | none |
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.