Brown Advisory Global Leaders Fund
Actively managed global stock fund
As of its 2026 Q2 report, Brown Advisory Global Leaders Fund held 32 positions with $2.23B in net assets. Its ten largest holdings made up 52.3% of the fund. The BAFLX share class costs 0.76% a year. Over the 12 months to May 2026, BAFLX returned 0.9%, with dividends reinvested. In 2026 Q2 it added 4 new positions and exited 4.
The Brown Advisory Global Leaders Fund (the Fund) seeks to achieve long-term capital appreciation by investing primarily in global equities.
The fund invests at least 80% of assets in equity securities of global companies that the sub-adviser Brown Advisory Limited identifies as industry leaders with high returns on invested capital, strong competitive positions, and defensible barriers to entry; the fund maintains at least 40% of assets outside the United States across at least three countries and incorporates sustainability considerations and risk management practices into its selection process. Because security selection depends on the sub-adviser's assessment of competitive advantage and sustainability factors, fund performance will diverge from any benchmark. The fund may temporarily hold cash and equivalents in response to adverse conditions, which could impair its ability to achieve its objective.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
TSMTSMC | 6.78% | $151.09M | 316.4K | $477.57 |
GOOGAlphabet Inc | 6.77% | $151.07M | 427.6K | $353.33 |
MSFTMicrosoft Corp | 6.31% | $140.65M | 377.1K | $373.02 |
5.60% | $124.90M | 364.0K | $343.09 | |
5.33% | $118.75M | 231.2K | $513.60 | |
Safran SA | 4.92% | $109.61M | 278.2K | $394.08 |
ASML Holding NV | 4.63% | $103.35M | 52.0K | $1,989.44 |
Deutsche Boerse AG | 4.36% | $97.27M | 356.6K | $272.75 |
Experian PLC | 3.84% | $85.67M | 2.5M | $33.70 |
Roche Holding AG | 3.76% | $83.92M | 204.1K | $411.09 |
Reported price is the fund's own reported value divided by its own reported shares at 2026-06-30 — not a live quote, and not what the fund paid.
All 32 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Stocks | 99.40% |
| Cash & short-term | 0.82% |
By sector
- International
- 51.5%
- Financials
- 15.7%
- Information Technology
- 8.8%
- Communication Services
- 6.8%
- 4 other sectors
- 17.3%
- International
- 51.5%
- Financials
- 15.7%
- Information Technology
- 8.8%
- Communication Services
- 6.8%
- Consumer Discretionary
- 6.7%
- Industrials
- 6.4%
- Health Care
- 3.3%
- Cash
- 0.8%
How it has done
BAFLX share class · total returns with dividends reinvested
Volatility over the last 12 months: 11.14%. Past returns are a record, not a forecast.
Jun 2026 has been filed since the trailing figures were struck, so it is not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
The 2 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 0.76% | +0.94% | +42.99% | +37.65% | -10.19% | |
| 0.91% | +0.76% | +42.25% | +36.50% | -10.23% |
These classes hold the same portfolio, so the 1.14pp spread over 5 years is the cost difference between them — roughly 0.23pp a year — not a difference in what they own.
Fees & fund details
Brown Advisory Global Leaders Fund is an actively managed global equity fund.
- Asset class
- Equity
- Region
- Global
- Management
- Actively managed
- Fund type
- Open-end fund
- Expense ratio, by class
- 0.76% – 1.16%· BAFLX 0.76%
- Portfolio turnover
- 22.00% a year · as of 2025 Q4
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
4 new
4 exited
Understand how this fund fits with the rest.
Explore shared holdings, compare funds and follow their businesses with your connected AI:
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