Brown Advisory Flexible Equity ETF
$29.68−0.19 (−0.63%)
- Expense ratio
- 0.54%
- Fund size
- $1.7B
- 1Y return
- +9.6%
- Yield · Last 12 months
- 0.27%
- Holdings
- 45
- Volume · 30D
- 0.1M sh
- NAV per share
- $29.93
- 52W range
The ETF.net BAFE Grade
Score 59 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.BScore 65Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 73Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.DScore 30Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.AScore 76Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.BScore 57Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 73Category rank
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
- 45
- 45%
- TSM
Geography
- United States84.09%
- Taiwan (Province of China)7.49%
- Canada2.89%
- Germany2.03%
- Finland1.55%
- Sweden1.48%
- United Kingdom0.47%
BAFE Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 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 | +9.3% |
| 1 month | −0.9% |
| 3 months | +3.8% |
| 1 year | +9.6% |
| 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 | +9.3% | |
| 2025 | +9.8% | |
| 2024 | −0.5% |
BAFE in the news
ETF.net Research hasn’t filed on BAFE yet — coverage lands here as it’s written.
BAFE Dividends
- 0.27%
- $0.08
- $0.08 per share
- Irregular
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Dec 30, 2025 | Jan 7, 2026 | $0.08 |
| Dec 30, 2024 | Jan 7, 2025 | $0.02 |
BAFE Risk
- 13.8%
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.
- 0.40
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
- The middle half of US Active Equity funds
- Median 0.70%
42 of the 124 US Active Equity funds charge less.