Brown Advisory Equity Income Fund

Fund Holdings

Asset Allocation

% Long % Net
Cash 3.01 3.01
Stocks 82.94 82.94
Bonds 0.0 0.0
Other 0.0 0.0
Foreign Bonds 0.0 0.0
Foreign Stocks 10.76 10.76
Convertible 0.0 0.0
Preferred 3.28 3.28

Updated 12.31.2013

Top 10 Holdings

Performance as of 02.28.2014

Portfolio as of 12.31.2013

Ticker YTD Return % % Net Assets
Kinder Morgan, Inc. KMI -10.97 4.1
Altria Group Inc. MO -5.05 4.0
Microsoft Corporation MSFT 1.74 3.52
Novartis AG ADR NVS 4.51 3.47
Automatic Data Processing ADP -5.11 3.13
VF Corporation VFC -6.06 3.11
Total SA ADR TOT 3.67 2.93
Best Buy Co Inc BBY -34.43 2.82
Plum Creek Timber Co Inc PCL -6.58 2.79
Accenture PLC Class A ACN 0.34 2.72