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The Brown Capital Management Small Company Fund reopening to new investors

TheShadowTheShadow
in Fund Discussions
https://www.sec.gov/Archives/edgar/data/869351/000183988223010046/small-497_042023.htm

497 1 small-497_042023.htm SUPPLEMENT DATED APRIL 20, 2023


BROWN CAPITAL MANAGEMENT MUTUAL FUNDS


The Brown Capital Management Small Company Fund

BCSIX - Investor Shares
BCSSX - Institutional Shares


Supplement dated April 20, 2023 to The Brown Capital Management Small Company Fund’s Summary Prospectuses, Prospectuses and Statement of Additional Information all dated August 1, 2022

This Supplement is to give notice that effective May 1, 2023, The Brown Capital Management Small Company Fund will be re-opened to new investors. Accordingly, the section of the Prospectuses and Summary Prospectuses titled “Special Note Regarding The Brown Capital Management Small Company Fund” is hereby removed from the Prospectuses and the Summary Prospectuses of the Fund. Shares of The Brown Capital Management Small Company Fund may be purchased as described in the Fund’s current Prospectuses, Summary Prospectuses and Statement of Additional Information.

For additional information concerning how to purchase Shares of The Brown Capital Management Small Company Fund, please call the Fund toll-free at 1.877.892.4BCM.


Brown Capital Management Mutual Funds


PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE

Comments

  • stillersstillers
    Off to a good start in 2023, but arguably one of the very worst SCG funds over the past 5 years.
    Period: % in Category
    1-yr: 92%
    3-yr: 99%
    5-yr: 95%
  • LewisBraham
    edited April 2023
    As the tech and healthcare sectors go, so goes this fund. Those two sectors--tech, 61%, and healthcare, 30%--represent 91% of its portfolio.
  • msf
    That profile rang a bell. As I recall, what used to be Buffalo Science and Technology Fund (BUFTX) had a similar profile. Though in its newer incarnation (Discovery) it's a more typical MCG fund.

    I did a very quick M* search for tech (40%+) and healthcare (20%+) and came up with 23 funds heavy in these two sectors. Some results (keep in mind this is a very superficial screen):

    ICTEX: tech 49%, healthcare 51% (tech fund)
    RSIFX: tech 55%, healthcare 32% (tech fund)
    USSCX: tech 57%, healthcare 27% (tech fund)
    PVIVX: tech 47%, healthcare 29% (SC blend)
    ARTSX: tech 45%, healthcare 33% (SC growth)
  • LewisBraham
    Interesting to compare these funds to the small-cap tech ETF: PSCT. And the small-cap healthcare ETF: PSCH. Or some combination thereof. My impression doing cursory initial research is the ETFs are better.
  • WABACWABAC
    Too many other funds with lower fees.
  • BenWPBenWP
    Brown Capital Management describes their investment approach to finding what they call «Exceptional Growth Companies (EGCs) over a three- to five-year horizon and beyond. EGCs offer products and services that save time, lives, money and headaches, or provide exceptional value. » This small company fund used to be rated *****, but it has not maintained that level of performance. I used to be a shareholder.
  • mrc70
    Not in the same category, but even Primecap funds always had that tilt. They are growth or rather GARP investors and always favored Tech and Healthcare traditionally. Being a growth shop, tilting tech is no surprise, even healthcare is not that surprise, but level of healthcare tilt was a surprise compared to a typical large or mid growth funds.
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