As of Sep. 30, 2022, the International Equity investment strategy was renamed the International All Company investment strategy. We believe the new name better reflects the fact that this portfolio comprises companies of various sizes and reinforces our practice of using revenue as opposed to market capitalization to gauge company size.

The investment team, as well as the strategy’s philosophy, process and objective remain the same. Please note that the effective date for the name change to the International All Company Fund was Aug. 1, 2022. For more information, please refer to the Prospectus.

An investor should consider the investment objectives, risks, charges, and expenses of the Fund carefully before investing. The prospectus contains this and other information about the Fund. A copy of the prospectus is available at www.browncapital.com or by calling Shareholder Services at 1-877-892-4226. The prospectus should be read carefully before investing. An investment in the Funds involves risk, including loss of principal.

DISTRIBUTOR: ALPS Distributors, Inc. | Member FINRA/SIPC | 1290 Broadway Ste. 1100 | Denver, CO 80203 | There is no affiliation between Brown Capital Management, including its principals and ALPS Distributors, Inc.

BCM-22-258 | BRN001875