Performance & Composition
|
Average Annual Total Returns - Class I |
as of 1/31/12 Gross Expense Ratio (%) 0.33 |
||||
| 3 Mo. | 1 Yr. | 3 Yr. | 5 Yr. | 10 Yr. | |
| BBH Broad Market Fund (Class I)* | 0.55% | 1.26% | 3.93% | 3.79% | 4.48% |
| Barclays Capital Aggregate Bond Index** |
1.90% | 8.66% | 7.40% | 6.70% | 5.79% |
| Barclays Capital U.S. 1-3 Treasury Bond Index*** |
0.23% | 1.52% | 1.73% | 3.70% | 3.26% |
|
Top 10 Holdings† |
Maturity |
% |
| United States Treasury Inflation Indexed Bonds | 7/15/2013 | 3.26% |
| Societe Generale North America Inc | 2/1/2012 | 2.47% |
| Bank of Tokyo-Mitsubishi UFJ Ltd | 3/9/2012 | 1.96% |
| Deutsche Bank Financial LLC | 2/1/2012 | 1.71% |
| Weatherford International Ltd | 3/15/2013 | 1.69% |
| Nissan Master Owner Trust Receivables | 1/15/2015 | 1.66% |
| Svenska Handelsbanken | 4/23/2012 | 1.65% |
| Wachovia Corp | 5/1/2013 | 1.62% |
| Time Warner Cable Inc | 7/2/2012 | 1.6% |
| Reynolds American Inc | 6/1/2013 | 1.59% |
|
Credit Quality |
% |
| Treasury: | 4.0% |
| Agency: | 0.1% |
| AAA‡: | 33.3% |
| AA‡: | 4.6% |
| A‡: | 24.3% |
| BBB‡: | 32.7% |
| BB‡: | 1.1% |
| B or Lower‡: | 1.0% |
| NR: | 0.0% |
| Total | 100.0% |
All performance is net of fees. Performance data quoted represents past performance which is no guarantee of future results. Investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Fund performance changes over time and current performance may be lower or higher than what is stated. For performance current to the most recent month-end please call 1-800-625-5759. Returns of less than 1 year are not annualized.
*The Class I shares commenced operations on December 3, 2002m. Prior to December 3, 2002, performance reflects performance of the Class N shares adjusted to assume that all charges, expenses and fees were deducted. Performance prior to December 22, 2000 is that of the BBH Broad Market Fixed Income Portfolio adjusted to assume that all charges, expenses and fees of the Fund and the Portfolio which are presently in effect were deducted during such periods, as permitted by applicable SEC staff interpretations.
**The Barclays Capital U.S. Aggregate Bond Index is an unmanaged index of investment grade, U.S. dollar-denominated fixed-income securities having a maturity greater than one year.
***The Barclays Capital U.S. Treasury: 1-3 Year Index is an unmanaged index of fixed rate obligations of the U.S. Treasury with maturities ranging from 1 to 3 years. Investments cannot be made in an index.
† Credit quality and portfolio holdings are reviewed on an ongoing basis and are subject to change. Excludes cash.
‡ Ratings are provided by Standard and Poor’s and Moody’s which are independent third parties. In order to be more conservative, when ratings differ, the lower rating is used. Quality ratings reflect the credit quality of the underlying issues in the fund portfolio and not of the fund itself. Information obtained from third parties is believed to be reliable, but cannot be guaranteed. Issuers with credit ratings of AA or better are considered to be of high credit quality, with little risk of issuer failure. Issuers with credit ratings of BBB or better are considered to be of good credit quality, with adequate capacity to meet financial commitments. Issuers with credit ratings below BBB are considered speculative in nature and are vulnerable to the possibility of issuer failure or business interruption.
For additional information please go to the Understanding Ratings section at www.standardpoors.com and the Ratings Methodology section at www.moodys.com.