News Summary News Summary Brown Advisory was featured in the Top 5 list of the fastest-growing U.S. equity mutual fund managers in Ignites’ recent article, “Against All Odds: Active Shops With Equity Fund Inflows.” READ THE ARTICLE The information provided in this material is not intended to be and should not be considered to be a recommendation or suggestion to engage in or refrain from a particular course of action or to make or hold a particular investment or pursue a particular investment strategy including whether or not to buy, sell, or hold of any of the securities, funds, or asset classes mentioned. Asset allocation could change depending on risk tolerance, investment objective and assets available for investment. It should not be assumed that investments in such securities, funds, or asset classes have been or will be profitable. The investment team will customize portfolios based on the guidelines, requirements and risk tolerance of each client. To the extent specific securities or funds are mentioned, they have been selected by the author on an objective basis and do not represent all of the securities or funds purchased, sold or recommended for advisory clients. The information and data contained in this report are from sources considered reliable, but their accuracy and completeness are not guaranteed. All investments involve risk. The value of the investment and the income from it will vary. Principal loss is possible and there is no guarantee that the initial investment will be returned. Click here for a current prospectus. Please read and consider it carefully before investing. You may obtain a hardcopy of the prospectus by calling 1-800-540-6807. The Fund is offered only to United States residents, and information on this site is intended only for such persons. Nothing on this web site should be considered a solicitation to buy or an offer to sell shares of the Fund in any jurisdiction where the offer or solicitation would be unlawful under the securities laws of such jurisdiction. Performance data quoted represents past performance and is no guarantee of future results. Current performance may be lower or higher than the performance data quoted. Investment return and principal value will fluctuate so that an investor's shares, when redeemed, may be worth more or less than original cost. For monthly and quarterly performance information, please call 1-800-540-6807. Performance data does not reflect the 1.00% fee on shares redeemed or exchanged within 14 days of purchase, and if it had, returns would be lower. ESG considerations that are material will vary by investment style, sector/industry, market trends and client objectives. The strategy seeks to identify companies that it believes may have desirable ESG outcomes, but investors may differ in their views of what constitutes positive or negative ESG outcomes. As a result, the strategy may invest in companies that do not reflect the beliefs and values of any particular investor. The strategy may also invest in companies that would otherwise be screened out of other ESG oriented funds. Security selection will be impacted by the combined focus on ESG assessments and forecasts of return and risk. The strategy intends to invest in companies with measurable ESG outcomes, as determined by Brown Advisory, and seeks to screen out particular companies and industries. Brown Advisory relies on third parties to provide data and screening tools. There is no assurance that this information will be accurate or complete or that it will properly exclude all applicable securities. Investments selected using these tools may perform differently than as forecasted due to the factors incorporated into the screening process, changes from historical trends, and issues in the construction and implementation of the screens (including, but not limited to, software issues and other technological issues). There is no guarantee that Brown Advisory’s use of these tools will result in effective investment decisions. The Brown Advisory Funds are distributed by ALPS Distributors, Inc. 1290 Broadway, Suite 1100, Denver, CO 80203, which is not affiliated with Brown Advisory LLC.