# Brown Advisory Emerging Markets Select Fund Advisor Shares (BAQAX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/baqax for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Brown Advisory · Asset class: Equity - Strategy: Actively Managed · Inception: 2012-12-12 This fund aims to generate overall investment growth by primarily allocating capital to shares of companies located in or conducting business within developing market nations. A significant portion, at least 80% of its net assets (inclusive of any borrowed funds for investment purposes), will be committed to equity securities from these emerging economies. Such companies are found in regions including Latin America, Asia, Eastern Europe, Africa, and the Middle East. Up to 20% of the fund's net assets may also be invested in securities of companies that operate outside of the emerging market... ## Key Facts | Metric | Value | |---|---| | Price | $16.41 | | Expense Ratio | 1.50% | | Assets Under Management | $1.03B | | NAV | $16.41 | | Holdings Count | — | | Distribution Yield (TTM) | 1.21% | | Annual Distribution (TTM) | $0.20 /share | | Distribution Frequency | Annual | | 52-Week Range | $14.23 – $18.51 | | Beta | 0.98 | ## Latest Distribution - Amount: $0.1984 /share - Ex-date: 2025-12-29 - Pay date: 2025-12-29 ## Frequently Asked Questions ### What does BAQAX invest in? This fund aims to generate overall investment growth by primarily allocating capital to shares of companies located in or conducting business within developing market nations. A significant portion, at least 80% of its net assets (inclusive of any borrowed funds for investment purposes), will be committed to equity securities from these emerging economies. Such companies are found in regions including Latin America, Asia, Eastern Europe, Africa, and the Middle East. Up to 20% of the fund's net assets may also be invested in securities of companies that operate outside of the emerging market category. ### What is the expense ratio of BAQAX? Brown Advisory Emerging Markets Select Fund Advisor Shares (BAQAX) charges an expense ratio of 1.50%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is BAQAX? Brown Advisory Emerging Markets Select Fund Advisor Shares (BAQAX) manages $1.03B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is BAQAX actively managed or an index fund? BAQAX is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (BAQAX's is 1.50%) in exchange for the discretion to over- or under-weight positions. ### When was BAQAX launched? Brown Advisory Emerging Markets Select Fund Advisor Shares (BAQAX) launched in December 2012 and is managed by Brown Advisory. ### How has BAQAX performed? BAQAX's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon. ### Does BAQAX pay a dividend? Brown Advisory Emerging Markets Select Fund Advisor Shares (BAQAX) currently distributes little or no income. Trailing-twelve-month yield is 1.21%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does BAQAX pay dividends? Brown Advisory Emerging Markets Select Fund Advisor Shares pays dividends Annual. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is BAQAX's dividend yield? BAQAX's trailing-twelve-month yield is 1.21%, calculated from the sum of dividends over the past year divided by the current price. ### When is BAQAX's next ex-dividend date? The most recently announced ex-dividend date for BAQAX was 2025-12-29. The next ex-date typically follows Annual; once announced it appears at the top of the dividend history table on this page. ### How much will BAQAX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 1.50% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does BAQAX charge its expense ratio? The expense ratio is deducted in tiny daily slices from BAQAX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does BAQAX cost more than a fund like VOO? BAQAX is actively managed (current expense ratio 1.50%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether BAQAX's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to BAQAX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as BAQAX (1.50%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/baqax - Distribution history: https://www.dividenddata.com/funds/baqax/dividend - Holdings & diversification: https://www.dividenddata.com/funds/baqax/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/baqax/expenses - Peer comparison: https://www.dividenddata.com/funds/baqax/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.