Brown Capital Mgmt Mid-Cap Instl  BCMSX
  Morningstar Report
Overall Morningstar
Rating™
What is this?
As of 2009-10-31
Out of
Mid-Cap Growth Funds
Rating derived from a weighted average of the fund's 3, 5, 10-year rating which are based on risk-adjusted performance.
Morningstar®
Style Box™
What is this?
   Medium
   Growth
  
  
As of 2009-09-30
Day Change
$ -0.10
  
NAV (2009-11-20)
$ 13.85
  
YTD Return % (2009-11-20)
33.69%
  
Total Assets ($ mil)
10
View Data Definitions
  Performance    
Growth of $10,000 Fund: Brown Capital Mgmt Mid-Cap Instl
(from 2002-09-30 to 2009-10-31) Category: Mid-Cap Growth
Index: S&P 500 TR
Total Annualized Returns % 1yr, 3yr and 5yr Returns as of 2009-11-20
Inception date: 2002-09-30 10yr and Inception Returns as of 2009-10-31
YTD Returns as of 2009-11-20
YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Fund 33.69 67.51 2.93 5.68 --- 8.98
+/- Category 7.89 51.28 8.29 4.00 --- ---
+/- S&P 500 TR 10.17 18.71 8.83 5.00 --- ---
Standardized Annual Returns %   more on standardized returns
Quarter-End (as of 2009-09-30) 35.24 16.86 5.32 7.08 --- 9.73
Month-End (as of 2009-10-31) 29.83 23.15 3.19 5.94 --- 8.98
After Tax Returns % (as of 2009-09-30 )  
On Distribution --- 21.48 1.76 4.85 --- ---
On Distribution & Sale of Shares --- 14.77 2.31 4.85 --- ---
Morningstar Rating --- --- --- ---
# of compared funds covered (3 yrs : out of 749 funds), (5 yrs : out of 636 funds), (10 yrs : out of funds). Ratings are based on risk-adjusted performance. The maximum initial sales fee is none, the maximum deferred sales fee is none, and the maximum redemption sales fee is none.
The performance quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate thus an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted herein.
  Portfolio Profile    
Sector Breakdown %
Information 19.80
Software 11.93
Hardware 6.07
Media 0.00
Telecommunications 1.80
Service 54.42
Healthcare 20.94
Consumer Services 19.79
Business Services 9.15
Financial Services 4.53
Manufacturing 25.78
Consumer Goods 9.68
Industrial Materials 8.30
Energy 7.79
Utilities 0.00
Asset Allocation
% of Net Assets
Cash 1.3
Stocks 98.7
Bonds 0.0
Other 0.0
Foreign Stocks 3.3
(as a % of Assets)
Data through 2009-09-30 Data through 2009-09-30
 
Holding Status
Total Number of Stock Holdings 45 Turnover % 51
Total Number of Bond Holdings 0 30 Day SEC Yield % ---
% of Assets in Top 10 Holdings 33.35 ending as of 2009-09-30
View Data Definitions
Top 10 Holdings Sector P/E YTD
Return %		 % of Net
Assets
FLIR Systems, Inc. 23.98 -3.62 4.42
Celgene Corporation --- -0.67 4.08
Diamond Offshore Drilling, Inc. 6.25 79.27 3.52
Allscripts-Misys Healthcare Solutions Inc 72.46 102.32 3.39
Coach, Inc. 9.53 63.41 3.38
St. Jude Medical, Inc. 29.94 4.13 3.27
Tractor Supply 16.50 32.01 2.91
Starbucks Corporation 40.82 126.32 2.84
NetApp, Inc. 17.24 117.90 2.84
Dick's Sporting Goods, Inc. 11.60 52.94 2.70
Data through 2009-09-30
YTD Return through 2009-11-20
  Other Information
Fund Inception: 2002-09-30
Portfolio Manager  (Start Date)
Calvin H. Baker  (2002-09-30)
Baker is a vice president and portfolio manager/analyst with Brown Capital Management, his employer since August 2000. Previously, Baker was a financial executive at the Wisconsin Energy Corp. from September 1991 to June 2000. From September 1988 to August 1991, he also served as a financial executive at Economic Development Corp.
Eddie C. Brown  (2002-09-30)
Brown currently serves as president and portfolio manager with Brown Capital Management, a company he founded in 1984. Previously, he held positions with T. Rowe Price for 10 years and with Irwin Capital Management. His memberships include the board of directors for the Maryland Public Broadcasting Commission and Baltimore Community Foundation. Brown holds the Chartered Financial Analyst designation and is a Chartered Investment Counselor.
Walton D. Pearson  (2005-02-28)
Pearson is a portfolio manager with Putnam Management. Prior to joining Putnam, he was employed with Alliance Capital Management.
Maurice Haywood  (2007-07-30)
Haywood is a portfolio manager with Brown Capital Management and has been working since February 2000. Previously, Haywood was partner and investment analyst at Holland Capital Management from November 1993 to January 2000. From August 1987 to November 1993, Haywood was assistant vice president at First National Bank of Chicago.
Daman Blakeney  (2009-07-29)
Sales Charge %
(taken from prospectus dated 2009-07-29)
Front: None
Deferred: None
Expense Ratio % 1.30
based on net assets
(taken from annual report dated 2009-03-31)
Correspondence Information
116 South Franklin Street
P O Box 69
Rocky Mount,  NC  27802
United States
Telephone:
877-892-4226
252-972-9922
Data on this page does not include the fund's short positions (if any).
Show Data Definitions

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Past performance is no guarantee of future results.
Returns will vary and shares may be worth more or less than their original cost when sold.