Global Leaders Fund

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Global Leaders Fund

Transcript Of Global Leaders Fund

Global Leaders Fund

September 2020: FundFactsheet

Annualised Performance (% net of fees)

SHARE CLASSES (INCEPTION DATE)

1 MO

3 MO

YTD

Global Leaders Fund C USD (01-May-2015)

-3.4

8.3

4.2

As of 30 September 2020

1 YR

3 YR

5 YR

ITD

13.1 13.5 13.6 11.5

Fund Facts
The Fund seeks the best 30-40 companies globally in any sector or country to deliver attractive longterm investment returns.

FTSE All World Index Net (USD)

-3.2

8.1

1.2

10.3

7.0

10.2

6.9

Source: Brown Brothers Harriman. Performance over 1 year is annualised.

ROLLING 12 MONTH RETURNS:
Global Leaders Fund C USD FTSE All World Index Net (USD)

09.19 09.20
13.1
10.3

09.18 09.19
8.2
1.3

09.17 09.18
19.5
9.7

09.16 09.17
20.3
18.7

09.15 09.16
7.5
12.0

Sector Weights (inc. cash)

PortfolioManagers

Mick Dillon,CFA Bertie Thomson, CFA

Benchmark*
Structure Base Currency Launch Date Fund Size Holdings Dealing

FTSE All-World Net Index UCITS (Ireland) USD 1 May2015
USD 1,138 million 31
Daily

*The Fund uses the FTSE All World Net Index as a Comparator Benchmark to compare performance. The Fund is actively managed and is not constrained by any benchmark.

Communication Services Consumer Discretionary

14.4 9.6
4.5 12.5

Consumer Staples Energy
Financials Health Care

0.0 2.9

9.4 8.0
13.8 12.9 6.5 12.4

Industrials

11.1 9.8

Information Technology Materials 45.8.2

34.2 21.3

Real Estate

0.0 2.8

Utilities

0.0 3.0

Global Leaders Fund

FTSE All World Index

Characteristics
ROIC (LFY ex. financials) Sales Growth (3-Yr CAGR) FCF Yield (NTM ex. financials) Gross Yield¹ Annualized Tracking Error (1 Yr.) Active Share

Source: Factset and Brown Advisory calculations

Average

GLOBAL LEADERS FUND
31..4%

FTSE ALL WORLD INDEX NET (USD)
10.2%

Median

25.7%

8.4%

Weighted Average

11.7%

12.0%

Median

11.4%

7.7%

Average

3.3%

4.0%

Median

3.1%

3.6%

1.13%

2.17%

4.1

92.0

¹Dividend yield for each share class is lower. Dividend rates are available upon request.

Market Cap Composition (%)
<$10 Billion $10-50 Billion $50-100 Billion >$100 Billion

GLOBAL LEADERS FUND
5.0% 28.8% 24.0% 42.3%

FTSE ALL WORLD INDEX
10.2% 31.2% 16.1% 42.4%

Geographic Breakdown

North America

38.9%

Europe

26.0%

Rest of World (ROW) Cash

34.2% 1.0%

Source: Brown Brothers Harriman and APX. Region listing by country of revenue as of 30 September 2020.Numbers may not total due to rounding.
Top 10 Equity Holdings

SECURITY

%

Microsoft Corporation

8.7

Visa Inc. Class A

5.3

Taiwan Semiconductor Manufacturing Co., Ltd. 5.2 Sponsored ADR

Alphabet Inc. Class C

4.7

Mastercard Incorporated Class A

4.6

Roche Holding AG

3.9

Electronic Arts Inc.

3.6

Tencent Holdings Ltd.

3.6

Estee Lauder Companies Inc. Class A

3.5

Deutsche Boerse AG

3.3

Total

46.4

Source: Factset. Top 10 holdings and sector breakdown includes cash and cash equivalents. Numbers may not total 100% due to rounding. Holdings shown are for informational purposes only and are not a recommendation to buy, sell or hold any security.
Performance Contributors

TOP 5 CONTRIBUTORS

%

Wolters Kluwer NV Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR Sherwin-Williams Company

+3.8 +2.3 +3.8

Atlas Copco AB Class B

+4.1

Unilever PLC

+3.4

BOTTOM 5 CONTRIBUTORS

%

Microsoft Corporation

-6.7

Alphabet Inc. Class C PT Bank Rakyat Indonesia (Persero) Tbk Class B Safran S.A.

-10.1 -15.2 -14.7

Visa Inc. Class A

-5.7

Total return (%) of equity security is the sum of the return from price movement and the return due to dividend payments or other sources of income.
FOR INSTITUTIONAL INVESTORS & PROFESSIONAL CLIENTS ONLY

September 2020: FundFactsheet
Additional Performance (% net of fees)
SHARE CLASSES (INCEPTION DATE)
Global Leaders Fund A USD (18-December-2019) Global Leaders Fund B USD (15-November-2017) Global Leaders Fund C USD (01-May-2015) Global Leaders Fund B GBP (03-May-2018) Global Leaders Fund C GBP Hedged (04-February-2016) FTSE All World Index Net (USD)

3 MO
7.9 8.1 8.3 3.3 7.9 8.1

Fund Facts

Administrator

Brown Brothers Harriman (Ireland)

Administrator contact

Tel: +353 1603 6490

Settlement

T +2

Minimum Investment (in relevant currency)

A: 5,000 B: 10,000,000 C: 5,000,000

Registered for sale1 Eligibility (UK)

AUT, DEU, DNK, FIN, ESP, NOR, GBR, CHE, IRL, ITA. PRT, SGP2,
SWE
ISA and SIPP

Brown Advisory

 Founded in 1993 as investment management arm of Alex. Brown & Sons
 Independent since 1998, employee-owned
 Fundamentally driven, investment management firm
 Over USD 95 billion in client assets3

Source: Brown Brothers Harriman. Performance over 1 year is annualised.

YTD

1 YR

3 YR

5 YR

ITD

NAV

3.2

-

-

-

4.1

10.41

3.7

12.5

-

-

12.0

13.86

4.2

13.1

13.5

13.6

11.5

18.01

6.4

7.3

-

-

13.8

13.61

2.1

10.2

11.1

-

13.5

18.06

1.2

10.3

7.0

10.2

6.9

-

Share Classes
Dollar A Class

ISIN

TICKER

OCF* AMC

IE00BVVHP456 BRAGAUA 1.65% 1.50%

Dollar B Class

IE00BVVHP563 BRAGLBU 0.90% 0.75%

Dollar C Class

IE00BVVHP670 BRAGLBC 0.40% seed

Hedged Sterling C Class IE00BYJQVP87 BRAGCGH 0.43% seed

Sterling B Class

IE00BYPJ0V09 BYPJ0V0 0.91% 0.75%

Sterling C Class

IE00BYJQVN63 BRAGSCA 0.40% seed

Additional share classes may be available. Please contact the London Office for further details.

Investment Enquiries
WWaaltleterrBBeecckkeett t [email protected]@bbrroowwnnaaddvvisisory.com oPrye.tceormCurteis [email protected] KHeernynryBFrroacnkcklin [email protected]@owbnroadwvnisadvisory.com oErmy.cmoamJewkes [email protected] Peter Curteis [email protected] nadvis [email protected] Charlie van Straubenzee [email protected] [email protected] [email protected] [email protected]: +44 (0)20 3301 8130

Past performance may not be a reliable guide to future performance and investors may not get back the amount invested. All investments involve risk. The value of
the investment and the income from it will vary. There is no guarantee that the initial investment will be returned.
Performance data above relates to the Brown Advisory Global Leaders Fund (the “Fund”). The performance is net of management fees and operating expenses. This communication is intended only for investment professionals and those with professional experience of investing in collective investment schemes. Those without such professional experience should not rely on it. This factsheet should not be shown or given to retail investors. Any entity responsible for forwarding this material to other parties takes responsibility for ensuring compliance with applicable financial promotion rules. Changes in exchange rates may have an adverse effect on the value price or income of the product. The difference at any one time between the sale and repurchase price of units in the Fund means that the investment should be viewed as medium to long term. This factsheet is issued by Brown Advisory Ltd, authorised and regulated by the Financial Conduct Authority in the UK. This is not an offer or an invitation to subscribe in the Fund and is by way of information only. Cancellation rights do not apply and UK regulatory complaints and compensation arrangements may not apply. This is not intended as investment or financial advice. Investment decisions should not be made on the basis of this factsheet. Investors should carefully consider the investment objectives, risks, charges, and expenses of the Fund. This and other important information is contained in Prospectus of Brown Advisory Funds plc (the “Company”), the Supplement relating to the Fund and the applicable Key Investor Information Document(s) (“KIIDs”). Read these documents carefully before you invest. The Company’s Prospectus along with the Fund’s Supplement and the KIIDs are available by calling+44 020 3301 8130 or visiting www.brownadvisory.com The Fund is a sub-fund of the Company, an umbrella fund with segregated liability between sub-funds. The Fund is authorised by the Central Bank of Ireland as a UCITS pursuant to the European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations, 2011 as may be amended, supplemented or consolidated from time to time (the “Regulations”). The Company has appointed Brown Advisory (Ireland) Limited as its UCITS management company which is authorised by the Central Bank of Ireland pursuant to the Regulations and the Central Bank (Supervision and Enforcement) Act 2013 (Section 48(1)) (Undertakings for Collective Investment in Transferable Securities) Regulations 2019, as amended . The investment manager of the Fund is Brown Advisory LLC. The distributor of the Fund is Brown Advisory LLC. The Fund is a recognised collective investment scheme for the purposes of section 264 of the UK’s Financial Services and Markets Act 2000. The Fund uses the FTSE All-World Net Index as a comparator benchmark to compare performance. The Fund is actively managed and is not constrained by any benchmark. The FTSE All-World Net Index is a free float market cap weighted index representing the performance of the large & mid cap stocks from the FTSE Global Equity Index Series. The index covers Developed & Emerging Markets. Base Value 100 as at December 31, 1986. “FTSE®”, “Russell®”, “MTS®”, “FTSE TMX®” and “FTSE Russell” and other service marks and trademarks related to the FTSE or Russell indexes are trademarks of the London Stock Exchange Group companies. An investor cannot invest directly into an index. Brown Advisory is the marketing name for Brown Advisory, LLC, Brown Investment Advisory & Trust Company, Brown Advisory Securities, LLC, Brown Advisory Ltd., Brown Advisory Trust Company of Delaware LLC, Brown Advisory Investment Solutions Group LLC, Meritage Capital LLC, NextGen Venture Partners, LLC and Signature Financial Management, Inc. FundCalibre Elite rating is an independent rating which was received on the 30th July 2019 for the Global Leaders Fund. *OCFs are the actual OCFs as of 30 September, 2020. The maximum OCF of B share classes is 1.00%, and C share classes is 0.50%. 1 The Fund will be available for subscription only in jurisdictions where they have been registered for distribution or may otherwise be lawfully privately placed. Only certain share classes may be registered or privately placed in some jurisdictions, please contact Brown Advisory for more information. ²Singapore - restricted scheme, please contact Brown Advisory for more information. 3As of 30 September 2020, Brown Advisory had more than USD 95 billion in client assets.
FundInvestmentPerformanceIrelandLlc