The Brown Advisory Small-Cap Growth Strategy declined during the third quarter of 2026, but solidly outperformed the Russell 2000® Growth Index, the portfolio’s primary benchmark. The portfolio benefited from strong stock selection in the Information Technology

Brown Advisory Small Cap Growth Strategy Q3 2026 Commentary

Oct 30, 2026, 1:55 AM ETBrown Advisory Small-Cap Growth Fund; Inst (BAFSX), BIASX, BASAX

Brown Advisory

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Summary

The Brown Advisory Small-Cap Growth Strategy declined during the third quarter of 2026.

The portfolio benefited from strong stock selection in the Information Technology and Industrials sectors.

Every sector in the Russell 2000® Growth Index posted negative returns in the quarter.

Stock selection within the Information Technology sector was the largest contributor to relative performance in the quarter.

The portfolio also benefited from strong stock picking in the Industrials sector, which was the worst performing group within the benchmark.

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