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BAFAX — Brown Advisory Flexible Equity Fund Advisor Shs

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The fund typically dedicates a substantial portion, at least 80%, of its total investment capital (including any borrowed money) to a varied portfolio of company stocks. Its primary focus is on shares of mid-sized and large corporations that the Adviser identifies as having robust or developing long-term business foundations, yet whose market price does not currently reflect these advantageous characteristics. Furthermore, the fund is permitted to invest a maximum of 15% of its assets in international equities, potentially including those from emerging economies.

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