BVALX – Brown Advisory BeutelGoodmanLg-CpValInst Investment Strategy | Morningstar

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Strategy

The investment seeks to achieve capital appreciation. Under normal conditions, the fund seeks to achieve its investment objective by investing at least 80% of the value of its net assets (plus any borrowings for investment purposes) in equity securities of large-cap companies. It seeks to invest in companies at discounts to their business value, which the advisor considers to be the present value of sustainable free cash flow. The fund may invest up to 20% of its net assets in foreign securities. It is non-diversified.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
BIAVX	Brown Advisory - Beutel Goodman Large-Cap Value Fund Investor Shares	No Load	Open			Jun 30, 2021	$13.90M	0.700%	Below Average	$100	−$6.33M
BVALX	Brown Advisory - Beutel Goodman Large-Cap Value Fund Institutional Shares	Institutional	Open			Feb 13, 2018	$815.97M	0.550%	Low	$1M	−$789.45M

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