# EDGAR Filing Document

**Accession Number:** 0001548609
**File Stem:** 0000894189-23-001596
**Filing Date:** 2023-2
**Character Count:** 2821
**Document Hash:** ec7512d8a9ea782bf7eff43c0092eecb
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894189-23-001596.hdr.sgml**: 20230228

**ACCESSION NUMBER**: 0000894189-23-001596

**CONFORMED SUBMISSION TYPE**: 497

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20230228

**DATE AS OF CHANGE**: 20230228

**EFFECTIVENESS DATE**: 20230228

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Brown Advisory Funds
- **CENTRAL INDEX KEY:** 0001548609
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** 497
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-181202
- **FILM NUMBER:** 23680611

**BUSINESS ADDRESS:**
- **STREET 1:** 901 SOUTH BOND STREET
- **CITY:** BALTIMORE
- **STATE:** MD
- **ZIP:** 21231
- **BUSINESS PHONE:** 410-537-5400

**MAIL ADDRESS:**
- **STREET 1:** 901 SOUTH BOND STREET
- **CITY:** BALTIMORE
- **STATE:** MD
- **ZIP:** 21231

## Series and Classes Contracts Data

### Brown Advisory Sustainable Small-Cap Core Fund (Series ID: S000072895)

---

|  |  |  |
|:---|:---|:---|
| Class Name           | Ticker Symbol | Class ID   |
| Institutional Shares | BAFYX         | C000229576 |
| Investor Shares      | BIAYX         | C000229577 |
| Advisor Shares       | nan           | C000229578 |

---

## Series and Classes Contracts Data

### Brown Advisory Sustainable Small-Cap Core Fund (Series ID: S000072895)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000229576 | Institutional Shares | BAFYX           |
| C000229577 | Investor Shares      | BIAYX           |
| C000229578 | Advisor Shares       |  |

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#### BROWN ADVISORY FUNDS

#### Brown Advisory Sustainable Small-Cap Core Fund

#### (the "Fund")

#### Institutional Shares (BAFYX)

#### Investor Shares (BIAYX)

#### Advisor Shares (Not Available for Sale)

Supplement dated February 28, 2023

to the Prospectus, Summary Prospectus and Statement of Additional Information ("SAI") dated

October 31, 2022

This supplement serves as notification of, and provides information regarding, certain changes to the Fund.

**1. Change in Portfolio Managers for the Fund**

Effective as of February 28, 2023, Kenneth A. Coe III, CFA, no longer serves as associate portfolio manager to the Fund. As of that date, Timothy Hathaway, CFA, and Emily Dwyer will continue to serve as portfolio managers to the Fund and retain equal decision-making authority in the day-to-day management of the Fund's portfolio. Prior to that date, Mr. Hathaway and Ms. Dwyer shared portfolio management duties with Mr. Coe. Accordingly, all references to Mr. Coe in the Prospectus, Summary Prospectus, and SAI should be deleted.

If you have any questions, please call the Fund at 1-800-540-6807 (toll free) or 414-203-9064.

#### Investors should retain this supplement for future reference

------