BAFE ETF — Brown Advisory Flexible Equity ETF

Brown Advisory Flexible Equity ETF (BAFE)

Updated October 16, 2026.

BAFE is an ETF. its trailing-12-month yield is 0.27%, its expense ratio is 0.54%. Dividend Vision Distribution Safety Score™ is 50/100 (Unproven). Total return is 20.3% over the past 1.9 years, 12.5 points behind SPY at 32.8%.

Brown Advisory Flexible Equity ETF is an actively managed equity fund that invests primarily in large, mid, and small-cap stocks selected for strong business fundamentals and valuations that the adviser believes underappreciate their favorable attributes. The fund has a very modest current distribution rate with annual distribution frequency; note that the latest distribution was special and may not recur regularly. The fund carries an expense ratio of 0.54% and appeals to equity investors seeking active stock selection rather than passive index tracking.

BAFE performance versus SPY

Price and return data through 2026-10-16.

Total return is 20.3% over the past 1.9 years, 12.5 points behind SPY at 32.8%. Over the past year its total return — price change plus distributions reinvested — is 14.0%. Its deepest 1-year drawdown was 12.7%.

BAFE key facts

Distribution Safety Score™

50 · Unproven

Issuer

Brown Advisory

Asset type

ETF

Asset class

Equity

Inception date

11/15/2024

Expense ratio

0.54%

Distribution frequency

Annual

Trailing yield

0.27%

Last close

$30.10 (as of 2026-10-16)

AUM

$1,763,723,162

Average volume

43170.0

Dividend

$0.081

Ex-dividend date

12/30/2025

Payment date

01/07/2026

Beta

0.9889

How Dividend Vision calculates yield and returns

Distribution rate (the posted rate) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (0.27%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Brown Advisory; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

BAFE risks and drawbacks

Payments are annual, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 12.7%.

Who may consider BAFE — and who may not

It is a weaker fit for investors who need monthly cash flow (BAFE pays annual); investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on BAFE

• All tickers starting with B

Frequently asked questions

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