Small Company Fund Reopens
Nearly a decade after soft-closing, the award-winning Small Company Fund is now open to new investors.
We are thrilled to announce that we are reopening the Brown Capital Small Company Fund to new investors as of May 1, 2023. We are accepting a total of $2 billion in net new inflows as part of re-opening the Fund, which has been soft-closed since October 2013.
Both supply and demand considerations lead us to reopen the Fund at this time. First, we have the capacity to reopen, coming out of the recent difficult market environment for high-quality growth companies. (For more on the post-COVID environment and recent Small Company Fund performance, please read our recent white paper The Case for Going Small.) In fact, today’s strategy assets under management of $6.3 billion, in both mutual fund and separately managed account vehicles, is less than half the $13.3 billion peak in 2021. Second, there’s client demand. Over the last decade, numerous investors have expressed a desire to invest in the Fund if and when we reopen. We are pleased to be able to accommodate their wishes at this time.
Please note that new investors wishing to access the Fund through an intermediary or platform may be subject to the timing and constraints of their providers.
If you have any questions or concerns about the re-opening, please do not hesitate to reach out.
The opinions expressed are those of BCM. The opinions referenced are as of the date of publication and are subject to change due to changes in the market or economic conditions and may not necessarily come to pass. Forward looking statements cannot be guaranteed. This document may contain certain information that constitutes “forward-looking statements” which can be identified by the use of forward-looking terminology such as “may,” “expect,” “will,” “hope,” “forecast,” “intend,” “target,” “believe,” and/or comparable terminology. No assurance, representation, or warranty is made by any person that any of BCM’s assumptions, expectations, objectives, and/or goals will be achieved. Nothing contained in this document may be relied upon as a guarantee, promise, assurance, or representation as to the future.
Principal Risks of Investing in the Funds: 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 adviser risk, market sector risk, equity securities risk, portfolio turnover risk, small companies risk, and other risks as set forth in the Fund’s prospectus. Funds that emphasize investments in smaller companies generally experience greater price volatility.
Investing involves risk including the loss of principal.
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.
BCM-23-115 | BRN001988