Brown Advisory Flexible Equity ETF (BAFE)

The Brown Advisory Flexible Equity ETF is an actively managed equity fund from Brown Advisory, an independent investment firm based in Baltimore, Maryland. It invests primarily in U.S. companies, focusing mainly on large-capitalization stocks.

As the word flexible suggests, the strategy is not confined to a growth or value style. The portfolio managers use fundamental research to identify businesses they believe can compound value over time and that trade at attractive prices relative to their long-term prospects, considering factors such as competitive position, management quality and capital allocation.

The fund generally holds a relatively focused portfolio and takes a long-term, low-turnover approach, with position sizes reflecting the managers' conviction in each company.