# Portfolio overlap — GFGEX vs BAFE

Comparing **GUARDIAN CAPITAL FUNDAMENTAL GLOBAL EQUITY FUND** (2025-09-30) and **Brown Advisory Flexible Equity ETF** (2026-03-31).

- Shared positions: 5
- GUARDIAN CAPITAL FUNDAMENTAL GLOBAL EQUITY FUND covered by Brown Advisory Flexible Equity ETF: 0.1489550535822209999893064888
- Brown Advisory Flexible Equity ETF covered by GUARDIAN CAPITAL FUNDAMENTAL GLOBAL EQUITY FUND: 0.1489550535822209999893064888

## GUARDIAN CAPITAL FUNDAMENTAL GLOBAL EQUITY FUND — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| CME GROUP INC CL A | 0.085088 |  |
| ESSILORLUXOTTICA | 0.070141 |  |
| MASTERCARD INC CL A | 0.061072 | ✓ |
| THE BOOKING HOLDINGS INC | 0.060209 | ✓ |
| L'OREAL | 0.057591 |  |
| YUM CHINA HOLDINGS INC - XHKG LISTING | 0.054064 |  |
| Reckitt Benckiser Group PLC ORD GBP0.10 | 0.052198 |  |
| MICROSOFT CORP | 0.049202 | ✓ |
| UNITEDHEALTH GRP | 0.047678 | ✓ |
| NOVOZYMES-B SHS | 0.045452 |  |
| COLGATE-PALMOLIVE CO | 0.037902 |  |
| NIKE INC CL B | 0.036027 |  |
| INTERTEK GROUP | 0.033674 |  |
| MARKETAXESS HLDGS INC | 0.033366 |  |
| DASSAULT SYSTEME | 0.029807 |  |
| NOVO NORDISK-B | 0.028026 |  |
| AUTOMATIC DATA PROCESSING INC | 0.027712 |  |
| ACCENTURE PLC-A | 0.027470 |  |
| WATERS CORP | 0.026279 |  |
| NESTLE SA-REG | 0.025432 |  |
| ILLUMINA INC | 0.024380 | ✓ |
| Keyence Corporation | 0.024305 |  |
| ADOBE INC | 0.022975 |  |
| VERISK ANALYTICS INC | 0.019389 |  |
| COLOPLAST-B | 0.014110 |  |
| MSILF Treasury Portfolio, Class Institutional | 0.006448 |  |

## Brown Advisory Flexible Equity ETF — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| TAIWAN SEMIC MFG CO LTD SP ADR | 0.060170 |  |
| MICROSOFT CORP | 0.057662 | ✓ |
| PUT Amazon.com, Inc. 01/02/2026 P205 | 0.045561 |  |
| META PLATFORMS INC CL A | 0.044043 |  |
| VISA INC-CLASS A | 0.042717 |  |
| MASTERCARD INC CL A | 0.040820 | ✓ |
| ALPHABET INC CL A | 0.038922 |  |
| BERKSHIRE HATHAWAY INC-CL B COMMON STOCK | 0.037945 |  |
| ALPHABET INC CL C | 0.037314 |  |
| KKR & CO INC | 0.035266 |  |
| SUNCOR ENERGY INC | 0.028541 |  |
| NVIDIA CORP | 0.026315 |  |
| UNITEDHEALTH GRP | 0.025127 | ✓ |
| SCHWAB CHARLES CORP | 0.024029 |  |
| UNITED RENTALS INC | 0.023305 |  |
| KLA CORP | 0.023134 |  |
| CARRIER GLOBAL CORP | 0.023045 |  |
| Common Stock | 0.022031 |  |
| EDWARDS LIFESCIENCES CORP COMMON STOCK | 0.021433 |  |
| THE BOOKING HOLDINGS INC | 0.021088 | ✓ |
| Amer Sports Inc. COM SHS | 0.020799 |  |
| FIRST CITIZENS BANCSHARES INC CL A | 0.018553 |  |
| ELEVANCE HEALTH INC COMMON STOCK | 0.017913 |  |
| APPLE INC COMMON STOCK | 0.017587 |  |
| TJX COS INC | 0.017010 |  |
| BANK OF AMERICA CORP COMMON STOCK | 0.016922 |  |
| MONDELEZ INTL INC | 0.016389 |  |
| GENERAL ELECTRIC CO | 0.016097 |  |
| INTUIT INC | 0.015850 |  |
| US FOODS HOLDING CORP | 0.014300 |  |
| DANAHER CORP | 0.014271 |  |
| ALIGN TECHNOLOGY INC COMMON STOCK | 0.013114 |  |
| PROGRESSIVE CORP OHIO | 0.012879 |  |
| AUTODESK INC COMMON STOCK | 0.012861 |  |
| ILLUMINA INC | 0.012718 | ✓ |
| SAP SE | 0.012333 |  |
| OLD DOMINION FRT | 0.012302 |  |
| FERGUSON ENTERPRISES INC | 0.012275 |  |
| LOWES COS INC | 0.010833 |  |
| AMERICAN INTERNATIONAL GROUP COMMON STOCK | 0.010785 |  |
| MARVELL TECHNOLOGY INC | 0.010554 |  |
| CAN NATL RAILWAY | 0.010169 |  |
| Nomad Foods Ltd. USD ORD SHS | 0.005016 |  |


## Sources

- N-PORT (fund A) — accession `0000910472-25-005347` (as of 2025-09-30)
  <https://www.sec.gov/Archives/edgar/data/1587551/000091047225005347/0000910472-25-005347-index.htm>
- N-PORT (fund B) — accession `0002048251-26-004239` (as of 2026-03-31)
  <https://www.sec.gov/Archives/edgar/data/1593547/000204825126004239/0002048251-26-004239-index.htm>

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