Brown Capital Management [see profile]
just tapped a new administrator and transfer agent for its three mutual funds. Last month the Baltimore-based fund firm revealed that, effective August 1, Denver-based ALPS Fund Services
would take over administration and transfer agency for: the two-star, $10.7-million Brown Capital Management International Equity Fund
; the five-star, $29.7-million Brown Capital Management Mid-Cap Fund
; and the four-star, $1.4-billion Brown Capital Management Small Company Fund
Meanwhile, Brown has also proposed reorganizing the funds into the brand new Brown Capital Management Mutual Funds trust (they're currently part of The Nottingham Investment Trust II), adding 12b-1 fees (20 basis points for the Small Company Fund and 25 bps for the small International Equity and Mid-Cap funds) and other changes "designed to modernize the Funds' operations and to make the Funds more marketable." The proposals now await approval by the funds' shareholders.
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