EX-99.(H)(5)(A) 5 oela.htm AMENDED SCHEDULE A TO OPERATING EXPENSE LIMITATION AGREEMENT


 SCHEDULE A
 
OPERATING EXPENSE LIMITS
 
Fund Name and Class of Shares
Maximum Operating
Expense Limit*
 
     
Brown Advisory Growth Equity Fund    
Advisor Shares  1.35%  
Investor Shares  1.15%  
Institutional Shares  1.00%  
     
Brown Advisory Flexible Equity Fund    
Advisor Shares  1.35%  
Investor Shares  1.15%  
Institutional Shares  1.00%  
     
Brown Advisory Small-Cap Growth Fund  1.60%  
Advisor Shares  1.40%  
Investor Shares  1.25%  
Institutional Shares    
   
Brown Advisory Small-Cap Fundamental Value Fund    
Advisor Shares  1.60%  
Investor Shares  1.40%  
Institutional Shares  1.25%  
     
Brown Advisory Maryland Bond Fund    
Advisor Shares  0.80%  
Investor Shares  0.60%  
Institutional Shares   0.55%  
   
Brown Advisory Intermediate Income Fund    
Advisor Shares  0.80%  
Investor Shares  0.60%  
Institutional Shares  0.55%  
     
Brown Advisory Strategic Bond Fund    
Advisor Shares  0.95%  
Investor Shares  0.70%  
Institutional Shares  0.65%  

 
Brown Advisory Equity Income Fund  1.35%  
Advisor Shares  1.15%  
Investor Shares  1.00%  
Institutional Shares    
     
Brown Advisory Sustainable Growth Fund    
Advisor Shares  1.35%  
Investor Shares  1.15%  
Institutional Shares  1.00%  
     
Brown Advisory Tax Exempt Bond Fund    
Advisor Shares  0.80%  
Investor Shares  0.60%  
Institutional Shares  0.55%  
     
Brown Advisory – Somerset Emerging Markets Fund    
Advisor Shares  2.00%  
Investor Shares  1.75%  
Institutional Shares  1.60%  
     
Brown Advisory – WMC Strategic European Equity Fund    
Advisor Shares  2.00%  
Investor Shares  1.75%  
Institutional Shares  1.60%  
     
Brown Advisory Mortgage Securities Fund    
Advisor Shares  0.80%  
Investor Shares  0.60%  
Institutional Shares  0.55%  
     
Brown Advisory – WMC Japan Alpha Opportunities Fund    
Advisor Shares  2.10%  
Investor Shares  1.85%  
Institutional Shares  1.70%  
     
Brown Advisory – Macquarie Asia New Stars Fund    
Advisor Shares  2.35%  
Investor Shares  2.10%  
Institutional Shares  1.95%  
   
Brown Advisory Total Return Fund    
Advisor Shares  0.80%  
Investor Shares 0.60%   
Institutional Shares  0.55%  
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Brown Advisory Global Leaders Fund    
Advisor Shares  1.10%  
Investor Shares  0.85%  
Institutional Shares  0.70%  
     
Brown Advisory Sustainable Bond Fund**    
Advisor Shares  0.80%  
Investor Shares  0.60%  
Institutional Shares  0.55%  
       
 
Effective through October 31, 2017

* Expressed as a percentage of a Fund’s average daily net assets.
** Effective through October 31, 2018

As approved by the Board of Trustees:  May 16, 2017.
 
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