Brown Advisory- WMC Strategic European Equity Fund Advisor Shares

Under typical circumstances, the fund seeks to fulfill its investment goal by allocating a minimum of 80% of its net assets – including any funds borrowed for investment – to the equity shares of companies. These companies must either be legally incorporated in Europe or perform the primary portion of their economic activities within the region. For the purpose of this fund, "Europe" refers specifically to the nations included in the MSCI Europe Index.