Mid Company Fund (BCMSX)

Fund Details

Inception Date 09/29/2002
CUSIP Number 115291809
NASDAQ Symbol BCMSX
Share Class Investor
Net Expense Ratio
1.15% *
Gross Expense Ratio
1.84%
Initial Investment $5,000
Subsequent $500
IRA Initial $2,000
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)

Mid Company Fund (BCMIX)

Fund Details

Inception Date
12/14/2011
CUSIP Number
115291783
NASDAQ Symbol
BCMIX
Share Class
Institutional
Net Expense Ratio
0.90% *
Gross Expense
1.59%
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 Mid Company Fund seeks long-term capital appreciation. Current income is a secondary consideration in selecting portfolio investments.

Our Approach

The Mid Company Fund invests at least 80% of its total assets in a portfolio of equity securities of companies with total operating revenues of $500 million to $5 billion at the time of initial investment ("mid sized companies"). The Mid Company Fund typically invests in common stocks. The Advisor seeks to build a portfolio of exceptional mid companies with the wherewithal to become exceptional larger companies. The Mid Company Fund typically holds a portfolio of between 40 to 60 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.

Mid Company Fund Investment Team

The Mid Company Team oversees the Mid Company Strategy and the Mid 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 midsized growth companies. Selection of these companies is based on their capacity to grow over a three-to-five-year evaluation horizon and beyond.

Mid Company Fund News & Updates

Brown Capital Management Small Company Fund (BCSIX) is a recipient of the Investor’s Business Daily "Best Mutual Fund Awards 2018"

Brown Capital Management Small Company Fund (BCSIX) is a recipient of the Investor’s Business Daily Best Mutual Fund Awards 2018.

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 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 risks as set forth in the Fund’s Prospectus. Fund’s that emphasize investments in smaller companies generally experience greater price volatility.
 
*Brown Capital Management, LLC (the "Advisor") has entered into an Expense Limitation Agreement with the Mid Company Fund under which it has agreed to reduce the amount of the investment advisory fees to be paid to the Advisor by the Mid Company Fund and to assume other expenses of the Mid Company Fund, if necessary, in an amount that limits the Mid Company 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 Mid Company Fund’s business, and amounts, if any, payable under a Rule 12b-1 distribution plan) to not more than 0.90% until July 31, 2021.  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 Mid Company Fund being less than the operating expense limit for the Mid Company 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.
*Brown Capital Management, LLC (the "Advisor") has entered into an Expense Limitation Agreement with the Mid Company Fund under which it has agreed to reduce the amount of the investment advisory fees to be paid to the Advisor by the Mid Company Fund and to assume other expenses of the Mid Company Fund, if necessary, in an amount that limits the Mid Company 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 Mid Company Fund’s business, and amounts, if any, payable under a Rule 12b-1 distribution plan) to not more than 1.15% until July 31, 2021.  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 Mid Company Fund being less than the operating expense limit for the Mid Company 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.
 
The Russell Midcap Growth Index measures the performance of those Russell Midcap companies with higher price-to-book ratios and higher forecasted growth values.
 
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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Mid Company Fund | Brown Capital

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