# EDGAR Filing Document

**Accession Number:** 0000869351
**File Stem:** 0000869351-26-000035
**Filing Date:** 2026-5
**Character Count:** 17549
**Document Hash:** c5df1b111a022ed91204aef519a0bec4
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000869351-26-000035.hdr.sgml**: 20260527

**ACCESSION NUMBER**: 0000869351-26-000035

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260527

**DATE AS OF CHANGE**: 20260527

**PERIOD START**: 20260331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Brown Capital Management Mutual Funds
- **CENTRAL INDEX KEY:** 0000869351

**ORGANIZATION NAME:**
- **EIN:** 566376571
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-06199
- **FILM NUMBER:** 261025303

**BUSINESS ADDRESS:**
- **STREET 1:** 1201 N. CALVERT STREET
- **CITY:** BALTIMORE
- **STATE:** MD
- **ZIP:** 21202
- **BUSINESS PHONE:** 4108373234

**MAIL ADDRESS:**
- **STREET 1:** 1201 N. CALVERT STREET
- **CITY:** BALTIMORE
- **STATE:** MD
- **ZIP:** 21202

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** NOTTINGHAM INVESTMENT TRUST II
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### The Brown Capital Management International All Company Fund (Series ID: S000010419)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000028794 | Investor Shares      | BCIIX           |
| C000105413 | Institutional Shares | BCISX           |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Brown Capital Management Mutual Funds

- **b. Investment Company Act file number:** 811-06199

- **c. CIK number of Registrant:** 0000869351

- **d. LEI of Registrant:** 549300CCIM9MVH3XK623

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 1201 N Calvert Street

  - **City:** Baltimore

  - **State:** MD

  - **Foreign country:** US

  - **Zip / Postal Code:** 21202

  - **Telephone number:** 877-892-4226

**Item A.2. Information about the Series.**

- **a. Name of Series:** Brown Capital Management International All Company Fund

- **b. EDGAR series identifier (if any):** S000010419

- **c. LEI of Series:** 549300UQ37FXHTDDX095

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2026-03-31

- **b. Date as of which information is reported:** 2026-03-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $47059641.79

**Total Liabilities:** $268404.76

**Net Assets:** $46791237.03

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000028794 | -0.78%               | -7.04%               | -6.46%               |
| Class ID C000105413 | -0.71%               | -7.04%               | -6.48%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $364660.45               | $-740021.00                                |
| Month 2  | $-171050.28              | $-3847567.41                               |
| Month 3  | $530981.27               | $-3898771.03                               |

### Schedule of Portfolio Investments

| Name                                     | Title                                    | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Xero Ltd                                 | Xero Ltd                                 | CUSIP: N/A<br>LEI: 254900UG5D8YST164N14       | Long             | EC               | CORP              | NZ        |     17158 | NS      | $906797.68    | 1.94%             |  |  |  | No            |                  2 | On Loan: No      |
| Kingsoft Corp Ltd                        | Kingsoft Corp Ltd                        | CUSIP: N/A<br>LEI: 529900UVT35D3Q7YQY41       | Long             | EC               | CORP              | KY        |    123443 | NS      | $359665.72    | 0.77%             |  |  |  | No            |                  2 | On Loan: No      |
| Aj Bell Plc                              | AJ Bell PLC                              | CUSIP: N/A<br>LEI: 213800VNKA7DPWXWJJ36       | Long             | EC               | CORP              | GB        |    339089 | NS      | $2122394.57   | 4.54%             |  |  |  | No            |                  2 | On Loan: No      |
| Default                                  | SAFRAN SA                                | CUSIP: N/A<br>LEI: 549300R3ARWT4SSSRB09       | Long             | EC               | CORP              | FR        |      2724 | NS      | $891376.96    | 1.91%             |  |  |  | No            |                  2 | On Loan: No      |
| Cochlear Ltd                             | Cochlear Ltd                             | CUSIP: N/A<br>LEI: 5493001OLLWY8KV5UC08       | Long             | EC               | CORP              | AU        |     12398 | NS      | $1458881.46   | 3.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Dassault Systemes Se                     | Dassault Systemes SE                     | CUSIP: N/A<br>LEI: 96950065LBWY0APQIM86       | Long             | EC               | CORP              | FR        |     34435 | NS      | $697114.04    | 1.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Check Point Software Technologies Ltd    | Check Point Software Technologies Ltd    | CUSIP: N/A<br>LEI: 2549003ZVBH73EPNS513       | Long             | EC               | CORP              | IL        |      2267 | NS      | $323840.95    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Descartes Systems Group Inc/the          | Descartes Systems Group Inc/Th           | CUSIP: N/A<br>LEI: 875500NEPA7JI5EOMN45       | Long             | EC               | CORP              | CA        |     23849 | NS      | $1708226.83   | 3.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Asml Holding Nv                          | ASML Holding NV                          | CUSIP: N/A<br>LEI: 724500Y6DUVHQD6OXN27       | Long             | EC               | CORP              | NL        |      1656 | NS      | $2202087.60   | 4.71%             |  |  |  | No            |                  2 | On Loan: No      |
| Chocoladefabriken Lindt & Spruengli Ag   | Chocoladefabriken Lindt & Spru           | CUSIP: N/A<br>LEI: 529900JYJNNOKKAGK736       | Long             | EC               | CORP              | CH        |        89 | NS      | $1249736.48   | 2.67%             |  |  |  | No            |                  2 | On Loan: No      |
| Mercadolibre Inc                         | MercadoLibre, Inc.                       | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | UY        |      1004 | NS      | $1735936.08   | 3.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Sap Se                                   | SAP SE                                   | CUSIP: N/A<br>LEI: 529900D6BF99LW9R2E68       | Long             | EC               | CORP              | DE        |      7467 | NS      | $1273000.04   | 2.72%             |  |  |  | No            |                  2 | On Loan: No      |
| Diageo Plc                               | Diageo PLC                               | CUSIP: N/A<br>LEI: 213800ZVIELEA55JMJ32       | Long             | EC               | CORP              | GB        |     24748 | NS      | $460240.99    | 0.98%             |  |  |  | No            |                  2 | On Loan: No      |
| Icon Plc                                 | Icon plc                                 | CUSIP: G4705A100<br>LEI: 6354008SRQGEMC4XFI67 | Long             | EC               | CORP              | IE        |     12739 | NS      | $1409697.74   | 3.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Grifols Sa                               | Grifols SA                               | CUSIP: N/A<br>LEI: 959800HSSNXWRKBK4N60       | Long             | EC               | CORP              | ES        |     74728 | NS      | $781810.05    | 1.67%             |  |  |  | No            |                  2 | On Loan: No      |
| First American Treasury Obligations Fund | First American Treasury Obligations Fund | CUSIP: 31846V328<br>LEI: 549300J5J5SJCZ9IA369 | Long             | STIV             | RF                | US        |   1669697 | NS      | $1669696.77   | 3.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Carl Zeiss Meditec Ag                    | Carl Zeiss Meditec AG                    | CUSIP: N/A<br>LEI: 529900GRL4MZ8NMOOK95       | Long             | EC               | CORP              | DE        |     18288 | NS      | $525652.19    | 1.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Wolters Kluwer Nv                        | Wolters Kluwer NV                        | CUSIP: N/A<br>LEI: 724500TEM53I0U077B74       | Long             | EC               | CORP              | NL        |      9390 | NS      | $701326.09    | 1.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Default                                  | Vend Marketplace ASA                     | CUSIP: N/A<br>LEI: 5493000D2X5X0QY2XK82       | Long             | EC               | CORP              | NO        |     48520 | NS      | $1201145.93   | 2.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Atlassian Corp Plc                       | Atlassian Corp. Class A                  | CUSIP: 049468101<br>LEI: 549300AGBII4MWBVJY22 | Long             | EC               | CORP              | AU        |     10547 | NS      | $719832.75    | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Flutter Entertainment Plc                | Flutter Entertainment PLC                | CUSIP: G3643J108<br>LEI: N/A                  | Long             | EC               | CORP              | IE        |      7667 | NS      | $781650.65    | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Kakaku.com, Inc.                         | Kakaku.com Inc                           | CUSIP: N/A<br>LEI: 353800KA15Y0DCPWYY65       | Long             | EC               | CORP              | JP        |     55000 | NS      | $724024.54    | 1.55%             |  |  |  | No            |                  2 | On Loan: No      |
| Rea Group Ltd                            | REA Group Ltd                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |     17770 | NS      | $1946852.71   | 4.16%             |  |  |  | No            |                  2 | On Loan: No      |
| INPOST S.A.                              | InPost SA                                | CUSIP: N/A<br>LEI: 2221003M23QLERR89585       | Long             | EC               | CORP              | PL        |     28413 | NS      | $503025.27    | 1.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Default                                  | HUB24                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |     19690 | NS      | $1152393.29   | 2.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Monotaro Co Ltd                          | MonotaRO Co Ltd                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    119600 | NS      | $1296406.58   | 2.77%             |  |  |  | No            |                  2 | On Loan: No      |
| Default                                  | APOTEA AB                                | CUSIP: N/A<br>LEI: 636700XU8GQ8ZL4RNM17       | Long             | EC               | CORP              | SE        |     69683 | NS      | $467723.75    | 1.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Partners Group Holding Ag                | Partners Group Holding AG                | CUSIP: N/A<br>LEI: 549300I3IVVWZWDHI788       | Long             | EC               | CORP              | CH        |      1192 | NS      | $1284786.33   | 2.75%             |  |  |  | No            |                  2 | On Loan: No      |
| Shopify Inc                              | Shopify, Inc. Class A                    | CUSIP: 82509L107<br>LEI: 549300HGQ43STJLLP808 | Long             | EC               | CORP              | CA        |     11111 | NS      | $1317986.82   | 2.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                                  | Wise PLC-Class A                         | CUSIP: N/A<br>LEI: 213800LD9XCHIC1C4V71       | Long             | EC               | CORP              | GB        |    112661 | NS      | $1356676.17   | 2.90%             |  |  |  | No            |                  2 | On Loan: No      |
| Givaudan Sa                              | Givaudan SA                              | CUSIP: N/A<br>LEI: 213800SVRMQA1TD91D41       | Long             | EC               | CORP              | CH        |       548 | NS      | $1853063.29   | 3.96%             |  |  |  | No            |                  2 | On Loan: No      |
| Azimut Holding Spa                       | Azimut Holding SpA                       | CUSIP: N/A<br>LEI: 81560025690EF8540635       | Long             | EC               | CORP              | IT        |     43772 | NS      | $1663207.93   | 3.55%             |  |  |  | No            |                  2 | On Loan: No      |
| Temenos Ag                               | Temenos Group AG                         | CUSIP: N/A<br>LEI: 5067007NW6550481FH64       | Long             | EC               | CORP              | CH        |     13842 | NS      | $1213200.44   | 2.59%             |  |  |  | No            |                  2 | On Loan: No      |
| CAMTEK LTD                               | Camtek Ltd/Israel                        | CUSIP: M20791105<br>LEI: N/A                  | Long             | EC               | CORP              | IL        |     11487 | NS      | $1741544.07   | 3.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Novozymes A/S                            | Novonesis (Novozymes) B                  | CUSIP: N/A<br>LEI: 529900T6WNZXD2R3JW38       | Long             | EC               | CORP              | DK        |     31190 | NS      | $1853034.90   | 3.96%             |  |  |  | No            |                  2 | On Loan: No      |
| M3, Inc.                                 | M3 Inc                                   | CUSIP: N/A<br>LEI: 3538001UOKRWIODYM055       | Long             | EC               | CORP              | JP        |     27000 | NS      | $277137.93    | 0.59%             |  |  |  | No            |                  2 | On Loan: No      |
| Rational Ag                              | Rational AG                              | CUSIP: N/A<br>LEI: 529900K139N6UFJ1A758       | Long             | EC               | CORP              | DE        |      1632 | NS      | $1197323.36   | 2.56%             |  |  |  | No            |                  2 | On Loan: No      |
| GMO Payment Gateway, Inc.                | GMO Payment Gateway Inc                  | CUSIP: N/A<br>LEI: 353800Q6U21E2PM83F86       | Long             | EC               | CORP              | JP        |     19100 | NS      | $998238.47    | 2.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Relx Plc                                 | RELX PLC                                 | CUSIP: N/A<br>LEI: 549300WSX3VBUFFJOO66       | Long             | EC               | CORP              | GB        |     42024 | NS      | $1376797.15   | 2.94%             |  |  |  | No            |                  2 | On Loan: No      |
| Default                                  | Nu Holdings Ltd.                         | CUSIP: G6683N103<br>LEI: 5493002DG1RHWK9W2X27 | Long             | EC               | CORP              | KY        |     51401 | NS      | $738632.37    | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Kingdee International Software Group Co. | Kingdee International Software           | CUSIP: N/A<br>LEI: 529900SWRZN94C5SZO63       | Long             | EC               | CORP              | KY        |    397146 | NS      | $440889.53    | 0.94%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-05-27

**Name of Applicant:** Brown Capital Management Mutual Funds

**Signature:** Michael Forster

**Name of Signer:** Michael Forster

**Title:** Treasurer and Principal Financial Officer