BAFQX – Brown Advisory Emgerg Mkts Select Inst Investment Strategy | Morningstar

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Strategy

The investment seeks total return by investing principally in equity securities issued by companies established or operating in emerging markets. The fund invests at least 80% of the value of its net assets (plus any borrowings for investment purposes) in equity securities issued by companies that are established or operating in emerging market countries. These will consist of companies in emerging market countries in Latin America, Asia, Eastern Europe, Africa, and the Middle East. It may invest up to 20% of its net assets in securities of companies that are established or operating in countries that are considered to be outside of emerging markets.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
BAQAX	Brown Advisory Emerging Markets Select Fund Advisor Shares	No Load	Open			Dec 12, 2012	$363,399.00	1.500%	High	$100	$20,966.56
BIAQX	Brown Advisory Emerging Markets Select Fund Investor Shares	No Load	Open			Dec 12, 2012	$6.69M	1.250%	Above Average	$100	−$173,057.21
BAFQX	Brown Advisory Emerging Markets Select Fund Institutional Shares	Institutional	Open			Dec 12, 2012	$1.02B	1.100%	Above Average	$1M	$94.45M

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