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2021 Impact Report: Sustainable Core Fixed Income Strategy

Brown Advisory

Sincerely, Amy Hauter, CFA Portfolio Manager Chris Diaz, CFA Portfolio Manager Colby Stilson Portfolio Manager *Brown Advisory entities included are: Brown Advisory LLC, Brown Investment Advisory & Trust Company, Brown Advisory Ltd. and Brown Advisory Trust Company of Delaware, LLC.

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2021 Impact Report: Sustainable Core Fixed Income Strategy

Brown Advisory

Amy Hauter, CFA. Chris Diaz, CFA. This team has worked closely together for more than a year across multiple fixed income strategies, and we are confident that it can continue to generate attractive performance and impact for our Sustainable Core clients. Sincerely, . Portfolio Manager. Portfolio Manager. .

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Sustainable Core Fixed Income Strategy: Reporting on the impact of our investment decisions 2022

Brown Advisory

Sincerely, Amy Hauter, CFA Portfolio Manager Chris Diaz, CFA Portfolio Manager Colby Stilson Portfolio Manager *Brown Advisory entities included are: Brown Advisory LLC, Brown Investment Advisory & Trust Company, Brown Advisory Ltd., and Brown Advisory Trust Company of Delaware, LLC.

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Sustainable Core Fixed Income Strategy: Reporting on the impact of our investment decisions

Brown Advisory

Sincerely, Amy Hauter, CFA Portfolio Manager Chris Diaz, CFA Portfolio Manager Colby Stilson Portfolio Manager *Brown Advisory entities included are: Brown Advisory LLC, Brown Investment Advisory & Trust Company, Brown Advisory Ltd., and Brown Advisory Trust Company of Delaware, LLC.

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2022 Impact Report: Sustainable Core Fixed Income Strategy

Brown Advisory

Sincerely, Amy Hauter, CFA Portfolio Manager Chris Diaz, CFA Portfolio Manager Colby Stilson Portfolio Manager *Brown Advisory entities included are: Brown Advisory LLC, Brown Investment Advisory & Trust Company, Brown Advisory Ltd., and Brown Advisory Trust Company of Delaware, LLC.

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Global Sustainable Total Return Bond Strategy: Reporting on the impact of our investment decisions 2022

Brown Advisory

Sincerely, Chris Diaz, CFA Portfolio Manager Ryan Myerberg Portfolio Manager Colby Stilson Portfolio Manager *Brown Advisory entities included are: Brown Advisory LLC, Brown Investment Advisory & Trust Company, Brown Advisory Ltd., and Brown Advisory Trust Company of Delaware, LLC.