Quarter End Performance

As of 9/30/2017

Annualized

QTD YTD 1 Year 3 Years 5 Years 10 Years Since Inception
Net 0.82% 10.64% N/A N/A N/A N/A 10.64%
Russell Midcap Growth Index 5.28% 17.29% N/A N/A N/A N/A 17.29%

Please refer to our GIPS compliant presentation, which includes performance footnotes, fee schedules, index descriptions and disclosures.

Net of fees performance is calculated using actual management fees.  The net return is reflective of actual fees and fees paid vary by client.  Gross numbers are provided by request.

Since Inception performance is based on Composite Creation Date.

For the purpose of performance presentation, the composite had an uninterrupted performance track record from December 31,1992 to November 30, 2016, a "performance break" or "performance gap" from November 30, 2016 to December 31, 2016, and an uninterrupted performance track record from December 31, 2016 to June 30, 2017.

Past performance is not indicative of future results.  It should not be assumed that any of the recommendations or characteristics discussed here will prove to be profitable, or that the investment recommendations or decisions we make in the future will be profitable.  BCM reserves the right to modify its current investment strategies and techniques based on changing market dynamics or client needs.

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