| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| BROWN ADVISORY INTERMEDIATE FD | 89,874 | 92,196 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| BROWN ADVISORY FLEXIBLE EQ FD | 422,132 | 746,642 |
| BROWN ADVISORY EMG MKTS INC | 27,647 | 27,139 |
| BROWN ADVISORY SM CAP FUNDAM V | 67,285 | 106,710 |
| BROWN ADVISORY SM CAP GRWTH FD | 41,540 | 60,484 |
| BROWN ADV STRAT EUR EQ INS | 29,654 | 33,393 |
| BROWN ADV EMG SM CAP |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| MUTUAL FUND REBATES | 1,343 | 1,343 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INVESTMENT FEES-PRIN | 298 | 298 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| STATE INCOME TAXES - PRINCIPAL | 15 | 0 | 0 | |
| FEDERAL EXCISE TAX | 323 | 0 | 0 | |
| FOREIGN TAXES ON QUALIFIED FOR | 340 | 340 | 0 | |
| FOREIGN TAXES ON NONQUALIFIED | 11 | 11 | 0 |