News & Updates

21 Jan

Brown Capital Management's Small Company Team Nominated for Morningstar's U.S. Domestic-Stock Fund Manager of the Year for 2015

Brown Capital Management (BCM) is pleased to announce that portfolio managers Keith Lee, Robert Hall, Kempton Ingersol, Damien Davis and Andrew Fones, the firm’s Small Company team, have been nominated for Morningstar, Inc.’s U.S. Domestic-Stock Fund Manager of the Year Award for 2015.

The Small Company team has nearly 150 years of cumulative experience and uses their extensive experience and insight to implement a research-intensive investment program uniquely structured and focused on achieving genuine long-term results for investors. The Small Company Fund Investor and Institutional Classes1, managed by the team, has a Morningstar Analyst Rating™ of Gold and a Morningstar Overall Rating™ of 5 stars in a category of 660 Small Growth Funds based on risk adjusted returns as of 12/31/2015. This unprecedented honor arrives as the Small Company service approaches its 25th anniversary later this year. 

Additionally, BCM’s International Equity Fund Investor Class2 managed by the International team, has just achieved the coveted Morningstar Overall Rating™ of 5 stars in a category of 694 Foreign Large Blend Funds based on risk adjusted returns as of 12/31/2015.

Of course, Eddie Brown, Chairman, Chief Executive Officer and Founder said, “We are honored to be nominated for this prestigious award. I have always known that our best assets walk out the door every night. And though we endeavor to continually recognize and reward our professionals for their talent, ethics, and dedication, it’s gratifying to see them being recognized by the Industry.”

Established in 1988, the Morningstar Fund Manager of the Year award recognizes portfolio managers who demonstrate excellent investment skill and the courage to differ from the consensus to benefit investors. To qualify for the award, managers’ funds must have not only posted impressive returns for the year, but the managers also must have a record of delivering outstanding long-term risk-adjusted performance, and of aligning their interests with shareholders’. Nominated funds must be Morningstar Medalists—a fund that has garnered a Morningstar Analyst Rating™ of Gold, Silver, or Bronze. The Fund Manager of the Year award winners are chosen based on Morningstar’s proprietary research and in-depth qualitative evaluation by its fund analysts.

Morningstar plans to announce its 2015 U.S. Fund Manager of the Year award winners in a live broadcast of CNBC’s Power Lunch on Tuesday, January 26, 2016. 

About Brown Capital

Brown Capital Management is an investment management firm located in Baltimore, Maryland. BCM is focused on a growth approach, has deep investment experience in domestic and international markets, and is committed to meeting the investment needs of genuine long-term investors. 

For more information, please contact Sharon Lewis at (443) 573-6445.

The Morningstar Rating noted herein is the mutual fund’s overall Morningstar Rating as of the date of the press release. The overall Morningstar Rating is based on the fund’s risk-adjusted returns and derived from a weighted average of the fund’s three-, five-, and 10-year metrics.

The Morningstar Analyst Ratings are subjective in nature and should not be used as the sole basis for investment decisions. Analyst Ratings are based on Morningstar analysts’ current expectations about future events; risks and uncertainties unknown at the time may cause those expectations not to occur or to differ significantly from what was expected.

Morningstar, Inc. does not represent its Morningstar Rating or its Analyst Ratings to be guarantees nor should they be viewed as an assessment of a fund’s or the fund’s underlying securities’ creditworthiness. The Morningstar Ratings and Analyst Ratings are subject to change and are not to be considered an offer or solicitation by Morningstar to buy or sell the mutual fund(s) noted.

1For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating™ based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a funds monthly performance (including the effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of the funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.)  The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its three-, five- and ten-year (if applicable) Morningstar Rating metrics. Brown Capital Management Small Company Fund were rated against the following numbers of U.S.-domiciled Small Growth funds over the following time periods: 660 of funds in the 3-year rating and for the Overall rating, 588 of funds in the last five years, and 423 of funds in the last ten years. With respect to these Small Growth funds, Brown Capital Management Small Company Fund received a Morningstar Rating™ of five stars for the 3- year rating and five stars for 5- year rating, and five stars for ten-year rating periods, respectively. Past performance is no guarantee of future results.

2Brown Capital Management International Equity Fund Investor Class was rated against the following numbers of U.S.-domiciled Foreign Large Blend funds over the following time periods: 694 of funds in the 3-year rating and for the Overall rating, 604 of funds in the last five years, and 347 of funds in the last ten years. With respect to these Foreign Large Blend funds, Brown Capital Management International Equity Fund Investor Class received a Morningstar Rating™ of five stars for the 3- year rating and five stars for 5- year rating, and four stars for ten-year rating periods, respectively. Past performance is no guarantee of future results.

The Morningstar Analyst Rating is not a credit or risk rating. It is a subjective evaluation performed by the manager research analysts of Morningstar. Morningstar evaluates funds based on five key pillars, which are process, performance, people, parent, and price. Analysts use this five pillar evaluation to determine how they believe funds are likely to perform over the long term on a risk-adjusted basis. They consider quantitative and qualitative factors in their research, and the weighting of each pillar may vary. The Analyst Rating scale is Gold, Silver, Bronze, Neutral, Negative. A Morningstar Analyst Rating of Gold, Silver, or Bronze reflect an Analyst’s conviction in a fund’s prospects for outperformance. Analyst Ratings are continuously monitored and reevaluated at least every 14 months.

For more detailed information about Morningstar's Analyst Rating, including its methodology, please go to http://corporate.morningstar.com/us/documents/ MethodologyDocuments/AnalystRatingforFundsMethodology.pdf.

The Morningstar Analyst Rating should not be used as the sole basis in evaluating a mutual fund. Morningstar Analyst Ratings involve unknown risks and uncertainties which may cause Morningstar's expectations not to occur or to differ significantly from what we expected.

Standardized performance for the Small Company Fund can be found here.

Standardized performance for the International Equity Fund, Investor Class can be found here.

Principal Risk of Investing in the Fund:  As with all mutual funds, an investment in the Fund is subject to investment risks, including the possible loss of the principal amount invested.  There can be no assurances that the Fund will be successful in meeting its objectives.  Investment in the Fund is also subject to market risk, investment style risk, investment advisor risk, market sector risk, equity securities risk, portfolio turnover risk, small companies’ risk, and other risk as set forth in the Fund’s Prospectus.  Fund’s that emphasize investment in smaller companies generally experience greater price volatility.

An investor should consider the investment objectives, risks, charges, and expenses of the Fund carefully before investing.  The prospectus contains this and other information about the Fund.  A copy of the prospectus is available at www.browncapital.com or by calling Shareholder Services at 1-877-892-4226.  The prospectus should be read carefully before investing.

ALPS Distributors, Inc is the distributor of the Brown Capital Management Mutual Funds, 1290 Broadway, Suite 1100, Denver, CO 80203

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BRN000636 3/31/2016