Brown Advisory Flexible Equity ETF
$30.45+0.11 (+0.37%)
- 0.54%
- $1.8B
- +15.7%
- 0.27%
- 0.1M sh
- $30.34
- low $24.47high $30.58
The ETF.net BAFE Grade
B
Score 60 out of 100
- 44 of 127
Score 60 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.B65 out of 100Rank 44 of 127Mission
Whether the fund did what it promised, tested against its stated mandate.A74 out of 100Rank 25 of 48Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.D32 out of 100Rank 102 of 126Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A79 out of 100Rank 17 of 127Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.C54 out of 100Rank 67 of 124Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A73 out of 100Rank 30 of 127
Our read on BAFE
BBrown Advisory's first ETF did not start small: it opened in 2024 with roughly $900 million of seed money, porting the firm's Flexible Equity playbook (about 40 US mid- and large-caps, bought when the market marks them down) into a ticker.
The Fund seeks long-term growth of capital.
Why people hold it
- Concentrated on purpose: about 40 US mid- and large-cap businesses picked one at a time, not 500 index weights. A portfolio you can actually read line by line.brownadvisory.com
- Style-agnostic by mandate. The "flexible" in the name means the manager can own growth or value as prices dictate, rather than living inside one style box.brownadvisory.combrownadvisory.com
- The adviser contractually waives the 0.65% headline fee down to 0.54% net, and the cap has been extended since launch. The prospectus lists the current end date.sec.gov
- No cold start. Seeded with roughly $900 million on day one and now a billion-dollar-plus fund, it skipped the thin-and-wobbly phase most new active ETFs go through.brownadvisory.com
Worth knowing
- You are paying for stock picking. At 0.65% gross (0.54% after waivers) it costs several times more than systematic core peers such as DFAC at 0.17% or AVLC at 0.15%.
- Short book of its own history: the ETF opened in November 2024, so its measured risk and return record is thin, even though the underlying strategy is much older.brownadvisory.com
- About 40 holdings means individual names carry weight, so returns can drift well away from the broad US market in either direction.
BAFE Holdings
- Stocks
- 44
- 45%
- TSM
Geography
- United States83.94%
- Taiwan (Province of China)7.44%
- Canada2.98%
- Germany2.06%
- Finland1.59%
- Sweden1.50%
- United Kingdom0.49%
BAFE Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.Not enough history yet.
BAFE$11,575
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | BAFE |
|---|---|
| Year to date | +11.1% |
| 1 month | +3.1% |
| 3 months | +3.1% |
| 1 year | +15.7% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | BAFE |
|---|---|---|
| 2026 YTD | +11.1% | |
| 2025 | +9.8% | |
| 2024 | −0.5% |
BAFE in the news
BAFE Dividends
- 0.27%
- $0.08
- $0.08 per share
- Irregular
Distribution history
BAFE Risk
- 13.5%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.32
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −18.4%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.96
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
BAFE Cost
0.54%
BAFE0.54%
- The middle half of US Active Equity funds
- Median 0.70%
41 of the 123 US Active Equity funds charge less.
Other funds in US Active Equity
- BJPEFJPMorgan Equity Focus ETFExpense ratio 0.55%1 year return +15.2%
- BPFDEPathfinder Disciplined US Equity ETFExpense ratio 0.59%1 year return —
- BMIGOMIG Core ETFExpense ratio 0.45%1 year return —
- BBDIVAAM Brentview Dividend Growth ETFExpense ratio 0.49%1 year return +13.1%
- BLCDSJPMorgan Fundamental Data Science Large Core ETFExpense ratio 0.30%1 year return +21.1%