International Equity Fund (BCIIX)

Fund Details

Inception Date 05/28/1999
CUSIP Number 115291858
NASDAQ Symbol BCIIX
Share Class Investor
Net Expense Ratio
1.26% *
Gross Expense Ratio
1.77%
Initial Investment $5,000
Subsequent $2,000
IRA Initial $500
Subsequent $500

Fund Materials

Fact Sheet
Conference Calls
Purchase & Sales
Commentary
Holdings
Contribution to Return
News & Updates
Videos

Investment Manager

Brown Capital Management, LLC
1201 North Calvert Street
Baltimore, Maryland 21202.

Shareholder Services

ALPS Distributors, Inc.
1290 Broadway, Suite 1100
Denver, CO 80203
1.877.892.4BCM (4226)

International Equity Fund (BCISX)

Fund Details

Inception Date
08/01/2014
CUSIP Number
115291767
NASDAQ Symbol
BCISX
Share Class
Institutional
Net Expense Ratio
1.01% *
Gross Expense
1.52%
Initial Investment
$500,000.00
Subsequent
$500.00

Fund Materials

Fact Sheet
Conference Calls
Purchase & Sales
Commentary
Holdings
Contribution to Return
News & Updates
Videos

Investment Manager

Brown Capital Management, LLC
1201 North Calvert Street
Baltimore, Maryland 21202.

Shareholder Services

ALPS Distributors, Inc.
1290 Broadway, Suite 1100
Denver, CO 80203
1.877.892.4BCM (4226)

Fund Objective

The International Equity Fund seeks long-term capital appreciation. Current income is a secondary consideration in selecting portfolio investments.

Our Approach

The International Equity Fund invests at least 80% of its total assets in the equity securities of non-U.S. based companies. The International Equity Fund typically invests in common stocks. The Advisor seeks to build a portfolio that we believe to be exceptional companies, across the capitalization range. The International Equity Fund typically holds a portfolio of between 40 to 70 securities which the Advisor believes have the potential for growth.

A Portfolio Focused on Exceptional Companies

The Fund seeks to invest in exceptional companies that save time, lives, money or headaches, or provide an exceptional value proposition to consumers. The portfolio is comprised of these organizations that we believe have the potential to grow revenues and earnings significantly over a three-to-five-year investment time horizon and beyond.

International Equity Fund Investment Team

The International Team oversees the International Equity Strategy, International Equity Fund, International Small Company Strategy, and the International Small Company Fund. Consistent with all Brown Capital teams, these tenured portfolio managers also serve as generalists in fulfilling their research duties. Clients benefit from the team’s practical experience resulting from decades spent working through multiple market cycles. The team’s first priority is to build the capital of clients, pursued primarily by investing in what we believe to be exceptional international growth companies. Selection of these companies is based on their capacity to grow over a three-to-five-year evaluation horizon and beyond.

 

Important Disclosure Information

Principal Risks of Investing in the Fund: As with all mutual funds, an investment in the Fund is subject to investment risks, including, without limitation, market risk, investment style risk, investment advisor risk, market sector risk, equity securities risk, portfolio turnover risk, foreign securities risk, and other risks as set forth in the Fund’s prospectus. Foreign investing involves special risks such as risk of loss from currency fluctuation or political or economic uncertainty.

*“Net Operating Expenses” are based upon actual expenses incurred by the Fund’s Investor Shares for the fiscal year ended March 31, 2020. The Advisor has entered into an Expense Limitation Agreement with the International Equity Fund under which it has agreed to reduce the amount of the investment advisory fees to be paid to the Advisor by the International Equity Fund and to assume other expenses of the International Equity Fund, if necessary, in an amount that limits the International Equity Fund’s annual operating expenses (other than interest, taxes, brokerage commissions, acquired fund fees and expenses, other expenditures which are capitalized in accordance with generally accepted accounting principles, other extraordinary expenses not incurred in the ordinary course of the International Equity Fund’s business, and amounts, if any, payable under a Rule 12b-1 distribution plan) to not more than 1.00% until July 31, 2020. The Expense Limitation Agreement may not be terminated by either party prior to that date. Subject to certain conditions such as Fund asset levels being at certain thresholds and operating expenses for the International Equity Fund being less than the operating expense limit for the International Equity Fund, the Mid- Company Fund may at a later date reimburse the Advisor for fees waived or limited and other expenses assumed by the Advisor pursuant to the Expense Limitation Agreement. Reimbursement for fees previously waived are subject to Board approval and are only applicable to fees waived or limited and other expenses assumed by the Advisor in the three (3) fiscal years. See the “Management of the Funds-Expense Limitation Agreements” section in the prospectus for more detailed information.

EAFE-The MCSI EAFE Index (Europe, Australia, Far East) is a free float-adjusted market capitalization index that is designed to measure the equity market performance of developed markets excluding the U.S. and Canada. Annualized Total Return

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 on this site or by calling Shareholder Services at 1-877-892-4226. The prospectus should be read carefully before investing.


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International Equity Fund | Brown Capital

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