BAGAX – Brown Advisory Growth Equity Adv Investment Strategy | Morningstar

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Strategy

The investment seeks to achieve capital appreciation by primarily investing in equity securities. The fund normally invests at least 80% of the value of its net assets (plus any borrowings for investment purposes) in equity securities of domestic companies. It invests primarily in securities of medium and large market capitalization companies that the Adviser believes have exhibited an above average rate of earnings growth and that have prospects for above average, sustainable growth in the future. Medium and large market capitalization companies are those companies with market capitalizations generally greater than $2 billion at the time of purchase.

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
BIAGX	Brown Advisory Growth Equity Fund Investor Shares	No Load	Open			Jun 28, 1999	$176.21M	0.860%	Average	$100	−$144.36M
BAGAX	Brown Advisory Growth Equity Fund Advisor Shares	No Load	Open			May 18, 2006	$6.25M	1.110%	High	$100	−$2.01M
BAFGX	Brown Advisory Growth Equity Fund Institutional Shares	Institutional	Open			Oct 19, 2012	$119.05M	0.710%	Average	$1M	−$106.99M

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