Jane Routledge

Brown Advisory US Smaller Companies PLC

The Company's objective is to achieve long-term capital growth by investing in a diversified portfolio primarily of quoted US smaller and medium-sized companies. Our investment philosophy is disciplined and grounded in a careful analysis of the fundamentals of each business relative to its share price, emphasizing long-term risk-adjusted returns. Underpinning this philosophy are our three core tenets: (1) to think and act differently, (2) to exploit market inefficiencies, and (3) to focus on businesses that possess what we describe as "3G" qualities. We define our "3Gs" as durable growth, sound governance, and scalable go-to-market strategies. At Brown Advisory, our strategy is based on a unique firm culture and philosophy, which underpin a shared belief that low-turnover, concentrated portfolios derived from sound fundamental research can generate attractive, long-term performance. Please note that past performance is not a guide to future performance. The value of an investment and the income from it can fall as well as rise as a result of currency and market fluctuation and you may not get back the amount originally invested.