The Brown Advisory Growth Equity Fund seeks capital appreciation by primarily investing in equity securities. Investment approach The fund primarily invests in the common stock of domestic, large-cap growth stocks. Bottom-up primary research drives stock selection and, typically, the fund’s manager purchases stocks with the intent of owning them for a multi-year period. The fund may invest up to 15% of its net assets in non-U.S. securities, typically through sponsored American Depository Receipts (ADRs). Fund profile This is a concentrated portfolio of fundamentally sound companies that have prospects for above-average, sustainable earnings growth. The manager adds companies in the portfolio based on the merits of their business models, their position within their respective industries, as well as the macro environment.