Brown Advisory - WMC Strategic European Equity (BIAHX) Fund Profile

WMC Strategic European Equity Fund Fact Sheet

Objective

The Brown Advisory - WMC Strategic European Equity Fund seeks to achieve total return by investing principally in equity securities issued by companies established or operating in Europe.

Strategy

The Fund invests primarily in the common stock of equity securities that that have the structural potential to generate earnings and cash flow growth above market averages. Stock selection is driven by bottom-up, primary research. Stocks are typically purchased with the intent of owning them for a multiyear period.

Profile

The Fund consists of a moderately concentrated portfolio of 50 to 80 securities of any size capitalization that stand to benefit from secular trends, having a above-average business model or enjoying a technological competitive advantage.

 

Performance

  Annualized
(As of December 31, 2016) 3-month 1-year 3-year 5-year 10-year Since Inception
WMC Strategic European Equity
Fund (Inv.)
-4.44% -2.28% -0.55% N/A N/A 0.10%
MSCI Europe EUR Net
Total Return Index
-0.40% -0.40% -3.17% N/A N/A -1.84%

 

Performance data quoted represents past performance and is no guarantee of future results. Current performance may be lower or higher than the performance data quoted. Investment return and principal value will fluctuate so that an investor's shares, when redeemed, may be worth more or less than original cost. Click here for the monthly and quarterly performance information.

Performance data does not reflect the 1.00% fee on shares redeemed or exchanged within 14 days of purchase, and if it had, returns would be lower.

 

Top 10 Holdings

(As of December 31, 2016)
1. UBS Group AG 4.0%
2. Legrand SA 3.5%
3. Julius Baer Group Ltd 3.5%
4. DSV A/S 3.4%
5. Reckitt Benckiser Group PLC 3.1%
6. Unilever NV 3.1%
7. Kone OYJ 3.1%
8. Atlas Copco AB 3.0%
9. Heineken NV 2.9%
10. Compass Group PLC 2.8%

 

Characteristics

(As of December 31, 2016)
Average Market Capitalization ($B)   27.0
Forward P/E Ratio (x)   17.7
Beta    

 

Sector Exposure

Utilities
(As of December 31, 2016)
Energy   0.0%
Materials   0.4%
Industrials   29.7%
Consumer Discretionary   11.9%
Consumer Staples   21.7%
Health Care   13.1%
Financials   13.7%
Information Technology   9.6%
Real Estate   0.0%
Telecom Services   0.0%
  0.0%
Total   100.0%

 

*The minimum investment requirements are waived for qualified retirement plans under Section 401(a) of the Internal Revenue Code ("IRC"), and plans operating consistent with 403(a), 403(b), 408, 408(A), 457, 501(c) and 223(d) of the IRC.

Diversification does not assume a profit nor protect against loss in a declining market.

Fund holdings and sector allocations are subject to change and should not be considered a recommendation to buy or sell any security.

Click here for index and financial term definitions.

 
 
Dirk is an equity portfolio manager on the Europe/EAFE Growth Team within Global Equity Portfolio Management. He contributes to the management of European equity portfolios, including the firm's Strategic Europe, EAFE Growth and Europe Growth products. Prior to joining Wellington Management in 2010, Dirk was a portfolio manager at RCM – Allianz Global Investors (formerly dit – Deutscher Investment-Trust) in Frankfurt, Germany (1999-2009). Dirk joined dit as an equity analyst in 1999, initially on a dedicated small-cap team for two years, before joining their larger-cap team in 2001, and subsequently assuming portfolio management responsibilities over the following few years. He began his career at Credit Lyonnais in London working with interest rate derivatives (1998-1999). Dirk received his master's degree in business administration and mechanical engineering from Technische Universitat Dresden (1998) and his Bachelor of Science degree in the same specialty from Universitat Kaiserslautern (1995). He holds the Chartered Financial Analyst designation.

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