Portfolio composition, Proprietary Categories *

As of 12/31/2016

All holdings information is provided for informational purposes only and should not be interpreted as a recommendation to purchase any of the securities/sectors represented.

The “Significant Holdings” represent the ten largest holdings of total assets based on the portfolio's current market value. “Portfolio Composition” represents non-traditional industry classifications as determined by the investment team. This same objective, non-performance based criteria is consistently used to select portfolio holdings. 

ALPS Distributors, Inc. is not affiliated with the separately managed account products of Brown Capital Management.