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Even though we're allegedly 'late in the cycle' I'm waffling between adding TRBCX (TRP Blue chip Growth) or JENSX as a 'growth' sleeve ... JENSX is more conservative [1] and doesn't hold many of the momo-favored 'growth' names while TRBCX certainly does and thus has more volatility than JENSX. At the moment I lean towards JENSX b/c of their investment approach/style given the current markets but since TRBCX is NTF at TDA I could always DCA into it over time to ride volatility as well. Decisions, decisions.
[1] 'growth' to them seems to imply safe, boring, consistent growth, not tech or bio-induced screamers like what you find in the top-10 of most growth funds
I do get the low turnover argument. That said, just to play Devil's Advocate... If turnover is so so low, why not just mirror the portfolio and avoid paying 1.32% annually???
There has been a range to around 15%. I’m too lazy and I only allocate 7-8% of my AA. This info is from M* and they are notorious for bad info. I am not so worried about the ER as long as the fund performs. 35% this year.
rforno, You mentioned dollar cost averaging at TD Ameritrade. One of the things I especially like about TDA is that with any fund, NTF or TF, once you've made your first purchase, TDA allows customers to dollar cost average free, by making the same dollar purchase at the frequency you elect. I've been doing that with POAGX and POGRX for awhile. No commissions after the initial purchase of each.
Interesting fund. But call me crazy, I can't find any annual or semi-annual reports on their site - just fact sheets and commentaries. All I see is the firm's own 'annual report' which they want you to fork over your contact information to access, which I won't do.
Yeah I could go to the SEC for the required reporting but normally a fund company would have links to their own annual reports hosted on their site. I find it odd that it's not the case here. And if what I'm looking for - ie a fund's annual report - is indeed contained in the 'sustainable' report they offer on their site, on principle I refuse to fork over my contact information to access it, and would question their decision to require obtaining marketing information before allowing (prospective) investors to access fund/firm documents most other companies publish 'for free'. They're not catering these funds to so-called accredited investors anyway.
... or maybe I'm being overly grumpy and/or just haven't found the correct link on their site yet.
I'm not sure why they make it difficult to get to this page. Clicking on "how to invest" gives access to all their reports & forms.
This link is to their 2018 Sustainability Impact report in which the BIAWX fund managers detail their strategies & companies that they're invested in (or were).
Interesting fund. But call me crazy, I can't find any annual or semi-annual reports on their site - just fact sheets and commentaries. All I see is the firm's own 'annual report' which they want you to fork over your contact information to access, which I won't do.
I have noticed that the Brown Advisory website is ridiculously slow to load, trying just to get to the home-page. Further, it appears to me that someone (the idiot webmaster?) has decided to make it confusing to sign-into one's own account. You have to hit upon the correct webpage, and then it's standard procedure, and quite simple: username, password. But using google or yahoo or any other search engine brings up several other false links which LOOK like the one you'd probably want. I just did it again, just to see it. There's multiple clickable links for :
1. TouchPoint 2. Austin Clients (what about the REST of us??????) 3. Brokerage accounts 4. Mutual fund access (THIS is what we want) 5. something called "PIVOT." 6. something called "Trust Now."
...I'd have simply cut-and-pasted the URL link here, but this borrowed Mac makes it impossible to find where the actual URL link is hidden. Apple's done a great job of not making it obvious. The specific URL just isn't anywhere where it can be spotted, seen and identified. The only thing in the address-bar says "brownadvisory.com." About as helpful as a bicycle is to a dead carp.
.99% wouldn't be too much to pay for 43% growth - IF someone had bought the fund before 2019. But today, Jan 2, 2020, last year's performance is not necessarily indicative of future results. If you don't believe it, read the prospectus.
The girls who were pretty last year will likely be pretty this year. But funds that were pretty in 2019 won't necessarily be pretty in 2020.
I was not recommending this fund. I was not not recommending this fund. I have no interest or position in it. There is nothing to agree or disagree with. I was simply pointing out that it was the top large growth fund in 2019 which returned 43% and cost 0.99%, which appears to me to have been good value - in 2019.
Comments
Even though we're allegedly 'late in the cycle' I'm waffling between adding TRBCX (TRP Blue chip Growth) or JENSX as a 'growth' sleeve ... JENSX is more conservative [1] and doesn't hold many of the momo-favored 'growth' names while TRBCX certainly does and thus has more volatility than JENSX. At the moment I lean towards JENSX b/c of their investment approach/style given the current markets but since TRBCX is NTF at TDA I could always DCA into it over time to ride volatility as well. Decisions, decisions.
[1] 'growth' to them seems to imply safe, boring, consistent growth, not tech or bio-induced screamers like what you find in the top-10 of most growth funds
Sign of the times from pricing pressures for the competition. For the most part, all Fidelity funds have a low minimum of $0.
https://www.brownadvisory.com/us/investment-strategies
or try the SEC link I attached:
https://www.sec.gov/cgi-bin/series?ticker=biawx&CIK=&sc=companyseries&type=N-PX&Find=Search
From the SEC link above, here is a 485BPOS filing as of 10/31/19:
https://www.sec.gov/Archives/edgar/data/1548609/000089418919007325/baf_485b.htm
Yeah I could go to the SEC for the required reporting but normally a fund company would have links to their own annual reports hosted on their site. I find it odd that it's not the case here. And if what I'm looking for - ie a fund's annual report - is indeed contained in the 'sustainable' report they offer on their site, on principle I refuse to fork over my contact information to access it, and would question their decision to require obtaining marketing information before allowing (prospective) investors to access fund/firm documents most other companies publish 'for free'. They're not catering these funds to so-called accredited investors anyway.
... or maybe I'm being overly grumpy and/or just haven't found the correct link on their site yet.
Here is a list of their holdings as of 9/30/19 (11/27/19 from the SEC filing) fwiw:
https://www.sec.gov/Archives/edgar/data/1548609/000114554919049272/sustainablegrowth-nport.htm
https://www.brownadvisory.com/mf
I'm not sure why they make it difficult to get to this page. Clicking on "how to invest" gives access to all their reports & forms.
This link is to their 2018 Sustainability Impact report in which the BIAWX fund managers detail their strategies & companies that they're invested in (or were).
https://www.brownadvisory.com/mf/2018-impact-report-sustainable-growth-fund
I've been in this fund for about a year.
1. TouchPoint
2. Austin Clients (what about the REST of us??????)
3. Brokerage accounts
4. Mutual fund access (THIS is what we want)
5. something called "PIVOT."
6. something called "Trust Now."
...I'd have simply cut-and-pasted the URL link here, but this borrowed Mac makes it impossible to find where the actual URL link is hidden. Apple's done a great job of not making it obvious. The specific URL just isn't anywhere where it can be spotted, seen and identified. The only thing in the address-bar says "brownadvisory.com." About as helpful as a bicycle is to a dead carp.
I’ve been transitioning POGRX into AKREX for two years and am very happy that I did.
The risk/reward profile is far superior to primecap. It is a bit pricey though.
https://www.morningstar.com/funds/xnas/dfdpx/quote
The girls who were pretty last year will likely be pretty this year. But funds that were pretty in 2019 won't necessarily be pretty in 2020.