Brown Advisory is adding a mutual fund focused on value to its line of sustainable products.
The company filed a prospectus November 17 for the Brown Advisory Sustainable Value Fund, which would be the seventh in its line of sustainability-focused mutual funds.
The forthcoming fund, which could launch next year, would focus on stocks of companies valued at $3bn or more that satisfy ESG criteria.
Most of the portfolio companies will meet certain standards for diversity, equity and inclusion, as well as greenhouse gas emissions reduction or are associated with products and services tied to sustainability or social benefits, according to the prospectus.
The fund will be available in institutional, investor and adviser share classes, with net fees ranging from 71 basis points to 111 bps.
Brown’s Michael Poggi is listed as the portfolio manager.
