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Rating:A $128B-AUM Firm Adds a Value ESG Fund Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, March 7, 2023

A $128B-AUM Firm Adds a Value ESG Fund

Reported by Neil Anderson, Managing Editor

The team at a $128.4-billion-AUM (as of January 31) asset manager is rolling out an ESG stock fund with a large-cap value focus.

Katherine Kroll
Brown Advisory, LLC
Director of Equity ESG Research and Strategy
This morning, Brown Advisory, LLC's [profile] Michael Poggi and Katherine Kroll unveil the launch of the Brown Advisory Sustainable Value Fund. The new fund's inception date was February 28.

Poggi serves as the PM for the new fund, while Brown serves as investment advisor. The fund currently comes in two flavors: institutional shares (BASVX) for 71 basis points; and investor shares (BISVX) for 86 bps. Both share classes come with a 45-bps fee waiver promised through October 31, 2024.

Poggi describes the new fund as combining Brown's experience in ESG, large cap, and value investing. (The new fund appears to be Brown's sixth ESG fund, and Brown also offers at least two more value funds.)

"This approach allows us to uncover undervalued companies that others may overlook," Poggi states.

"Within our Large-Cap Sustainable Value strategy, we look for companies with what we call 'sustainable cash flow advantages' which can be identified through sustainable drivers tied to people, process and/or products," states Kroll, who serves as director of equity ESG research and strategy at Brown.

The new fund's other service providers include: SS&C's ALPS Distributors, Inc. as distributor and principal underwriter; Dechert LLP as counsel; Tait, Well & Baker LLP as independent accounting firm; U.S. Bancorp Fund Services, LLC (dba U.S. Bank Global Fund Services) as administrator, fund accountant, and transfer agent; and U.S. Bank N.A. as custodian. 

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