BCSSX – Brown Capital Mgmt Small Co Instl Investment Strategy | Morningstar

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Strategy

The investment seeks long-term capital appreciation; current income is a secondary consideration in selecting portfolio investments. The fund invests at least 80% of its net assets in the equity securities of those companies with total operating revenues of $500 million or less at the time of the initial investment. It typically invests in common stocks. The advisor seeks to build a portfolio of exceptional small companies with the wherewithal to become exceptional large companies. The fund typically holds a portfolio of between 40 - 65 securities which the advisor believes have the potential for growth.

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
BCSIX	Brown Capital Management Small Company Fund Investor Shares	No Load	Open			Jul 23, 1992	$110.92M	1.440%	High	$5,000	−$140.19M
BCSSX	Brown Capital Management Small Company Fund Institutional Shares	Institutional	Open			Dec 15, 2011	$223.24M	1.240%	High	$500,000	−$197.73M

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