BCSSX Performance — Brown Capital Management Small Company Fund, Institutional Class
Data updated: 2026-08-21
BCSSX returned +1.78% year to date and −1.07% over one year to Jun 2026. Annualised returns are +0.32% over 3 years and −6.37% over 5 years. The fund trailed its US Small Growth category average: $100 invested three years ago grew to $101, against $156 for the category, and to $99 over one year, against $132. Volatility over the past three years was 20.97% a year. In the 12 months to Jun 2026 the fund lost a net $172.1M, and assets reached $320.84M.
BCSSX Growth of $100
What $100 invested in Brown Capital Management Small Company Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Small Growth category average over the same months.
| Period | BCSSX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $99 | $132 |
| 3 years (Jul 2023 – Jun 2026) | $101 | $156 |
| 5 years (Jul 2021 – Jun 2026) | $72 | $127 |
| Since data start (Jul 2019 – Jun 2026) | $103 | $203 |
BCSSX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +1.78% |
| 1 year | −1.07% |
| 3 years (annualised) | +0.32% |
| 5 years (annualised) | −6.37% |
BCSSX Annual Returns
Calendar-year total returns of Brown Capital Management Small Company Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +1.78% |
| 2025 | −11.28% |
| 2024 | +9.42% |
| 2023 | +19.36% |
| 2022 | −37.90% |
| 2021 | −3.98% |
| 2020 | +45.54% |
| 2019 (Jul–Dec) | +0.95% |
BCSSX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | −7.3% | −7.4% | −6.4% | +6.5% | +9.8% | +8.4% | — | — | — | — | — | — |
| 2025 | +0.6% | −9.5% | −7.7% | −2.0% | +7.2% | +3.4% | −1.7% | +2.6% | −2.1% | −0.4% | +3.2% | −4.0% |
| 2024 | −2.6% | +2.5% | +0.6% | −6.7% | −1.0% | +1.2% | +6.5% | +1.0% | +0.9% | −0.3% | +12.8% | −4.6% |
| 2023 | +9.4% | −1.9% | +1.6% | −2.4% | +4.3% | +5.3% | +6.3% | −6.3% | −5.7% | −9.1% | +8.0% | +10.8% |
| 2022 | −14.4% | −0.9% | +1.2% | −13.9% | −6.2% | −5.2% | +12.2% | −6.7% | −7.0% | +2.0% | −1.3% | −3.6% |
| 2021 | +1.6% | −2.3% | −5.4% | +2.6% | −5.5% | +7.4% | +1.7% | +1.6% | −5.6% | +6.4% | −7.4% | +2.3% |
| 2020 | +3.4% | −8.5% | −10.6% | +16.4% | +13.2% | +3.7% | +4.9% | +2.4% | −1.9% | −0.4% | +11.5% | +7.7% |
| 2019 | — | — | — | — | — | — | +2.9% | −2.8% | −3.4% | −1.5% | +8.5% | −2.2% |
BCSSX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 20.97%
- 3-year Sharpe ratio: -0.20 (vs 4.5% risk-free rate)
- Best month: +12.85% (Nov 2024)
- Worst month: −9.53% (Feb 2025)
BCSSX Fund Flows
Monthly money in and out of Brown Capital Management Small Company Fund, from SEC Form N-PORT.
- 12-month net flow: −$172.1M
- 12-month gross sales (incl. reinvestments): $364.8M
- Sales ÷ redemptions: 0.68×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $1.5M | $26.4M | −$24.9M |
| May 2026 | $1.9M | $32.9M | −$31.0M |
| Apr 2026 | $2.6M | $23.4M | −$20.8M |
| Mar 2026 | $3.1M | $94.6M | −$91.5M |
| Feb 2026 | $7.5M | $26.4M | −$18.9M |
| Jan 2026 | $7.1M | $28.3M | −$21.2M |
| Dec 2025 | $314.1M | $60.0M | $254.1M |
| Nov 2025 | $5.3M | $48.3M | −$43.0M |
| Oct 2025 | $5.3M | $55.2M | −$49.9M |
| Sep 2025 | $5.1M | $45.6M | −$40.5M |
| Aug 2025 | $5.2M | $35.9M | −$30.7M |
| Jul 2025 | $6.0M | $59.9M | −$53.8M |
BCSSX Assets Under Management
Net assets of Brown Capital Management Small Company Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $320.84M |
| 2026-03-31 | $322.05M |
| 2025-12-31 | $555.45M |
| 2025-09-30 | $699.15M |
| 2025-06-30 | $834.88M |
| 2025-03-31 | $834.52M |
| 2024-12-31 | $1.16B |
| 2024-09-30 | $1.60B |
| 2024-06-30 | $1.71B |
| 2024-03-31 | $2.16B |
| 2023-12-31 | $3.46B |
| 2023-09-30 | $3.43B |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.