Brown Advisory Launches New Equity Income Fund Focused on Income Generation and Dividend Growth

January 10, 2012 at 10:05 am EST

MarketScreener.com By

Brown Advisory, an independent investment management and strategic advisory firm with approximately $26 billion in client assets, announced today the addition of a new mutual fund, the Brown Advisory Equity Income Fund, with ticker symbol BIADX. This latest Fund is the 11th in the Brown Advisory established family of mutual funds. The new Fund officially launched on December 30, 2011, and is available through Brown Advisory and other financial advisors.

"In today's market environment, investors are searching for higher levels of income and less volatility in their investment portfolios," said Brown Advisory's Head of Investments, Paul J. Chew. "We designed this fund in response to those requests from clients, as part of our ongoing effort to expand our platform of investment strategies to meet all of our clients' needs."

Focused on delivering current income and dividend growth through investments in high-quality companies, the Fund invests at least 80% of the value of its net assets in a diversified portfolio of equity securities. In addition, the Fund may also invest up to 20% of its assets in investment grade and non-investment grade debt securities, or unrated debt securities of comparable quality. While the Fund may purchase securities of companies of various market capitalizations, the focus is on larger companies with market capitalizations equal to or greater than $1 billion at the time of investment. Potential investment opportunities will be evaluated from a number of perspectives in an effort to select those that offer the most attractive return prospects.

Brown Advisory portfolio managers Michael L. Foss, CFA and Brian Graney, CFA are responsible for managing the fund and lead all buy and sell decisions, supported by a research team of 18 equity analysts. Together, Mr. Foss and Mr. Graney bring an average of 18 years of portfolio management experience and have extensive knowledge of the equity and fixed income markets.

"The Equity Income Fund is deliberately constructed to meet the changing needs of conservative investors by offering the potential for total return with lower volatility, while also offering an alternative to low fixed income yields to those investors who are in or approaching retirement," said Michael L. Foss, Co-Portfolio Manager of the Fund.

For more information on the Brown Advisory Equity Income Fund, investors should contact their investment advisor or visit www.brownadvisoryfunds.com for a copy of the prospectus or summary prospectus. Additional information on risks is below.

About Brown Advisory

Brown Advisory (www.brownadvisory.com) is an independent investment management and strategic advisory firm based in Baltimore, Maryland and Washington, DC with approximately $26 billion in client assets. The Firm's institutional and private clients are based in 49 states and 18 countries and are serviced by over 250 employees worldwide, all of whom are equity owners of the firm.

Additional Information:

Before investing you should carefully consider the Funds' investment objectives, risks, charges and expenses. This and other information is in the statutory and summary prospectuses, copies of which may be obtained by calling 1-800-540-6807 or visiting the Fund's web site at www.brownadvisory.com. Please read the prospectus carefully before you invest.

Mutual fund investing involves risk. Principal loss is possible. Investments in debt securities typically decrease in value when interest rates rise. This risk is usually greater for longer-term debt securities. Investments in lower-rated and non-rated securities present a greater risk of loss to principal and interest than higher-rated securities. Investments in smaller and medium capitalization companies generally carry greater risk than is customarily associated with larger companies for various reasons such as narrower markets, limited financial resources and less liquid stock. The value of the Fund's investments in REITs and Real Estate may change in response to changes in the real estate market such as declines in the value of real estate, lack of available capital or financing opportunities, and increases in property taxes or operating costs. The Fund may invest in ETFs, which may trade at a discount to the aggregate value of the underlying securities and although expense ratios for ETFs are generally low, frequent trading of ETFs by the Fund can generate brokerage expenses. Investments in foreign securities entail certain risks not associated with investments in domestic securities, such as volatility of currency exchange rates, and in some cases, political and economic instability and relatively illiquid markets. Investing in Master Limited Partnerships ("MLPs") entails risk related to fluctuations in energy prices, decreases in supply of or demand for energy commodities, unique tax consequences due to the partnership structure and various other risks. Privately Placement issued securities are restricted securities that are not publicly traded. Delay or difficulty in selling such securities may result in a loss to the Fund.

Correlation is a measure of the interdependence of two random variables.

Diversification does not assure a profit or protect against a loss in a declining market.

The Brown Advisory Funds are distributed by Quasar Distributors, LLC.