Brown Advisory Tax-Exempt Sustainable Bond Fund — new fund registration

Brown Advisory Funds registered 1 new fund series on Form 485APOS, filed 2019-09-18. Featured series: Brown Advisory Tax-Exempt Sustainable Bond Fund.

Registration

Registrant / trust: Brown Advisory Funds
CIK: 0001548609
Form: 485APOS
Filed: 2019-09-18
State of incorporation: DE
Accession: 0000894189-19-006288
Reported net assets: $339.4M

Series & classes (3)

Series	Class	Ticker	New
Brown Advisory Tax-Exempt Sustainable Bond Fund	Investor Shares	BITEX	Yes
Brown Advisory Tax-Exempt Sustainable Bond Fund	Institutional Shares	—	Yes
Brown Advisory Tax-Exempt Sustainable Bond Fund	Advisor Shares	—	Yes

Fees (from the effective prospectus)

12b-1 fee: 0.00%
Gross expense ratio: 0.48%
Management fee: 0.30%
Other expenses: 0.14%

Investment objective

The Brown Advisory Tax-Exempt Sustainable Bond Fund (the Fund) seeks to provide a high level of current income exempt from Federal income tax by investing primarily in intermediate-term investment grade municipal bonds while giving special consideration to certain sustainable investment criteria.

Advisers

Brown Advisory LLC (Advisor)