Brown Advisory WMC Strategic European Equity Fund Investor Shares 

This fund strives to deliver total return by primarily investing in the shares of companies established or conducting significant operations within Europe. Under normal circumstances, the portfolio will allocate at least 80% of its net assets (along with any borrowed capital for investment) to equity securities of companies that are either domiciled in or derive the majority of their economic activity from Europe, as defined by the countries included in the MSCI Europe Index.