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Performance & Composition

BBH Intermediate Municipal Bond Fund Class I and Class N current performance is reflected below. An investor should consider the investment objectives, risks, charges and expenses of the Fund carefully before investing. The Fund's prospectus contains this information and other information about the Fund. You should read the prospectus carefully before investing. For more information, please contact us.

Performance

  • 08/31/2020
  • 06/30/2020
Total Returns Average Annual Total Returns
1 Mo.* 3 Mo.* YTD* 1 Yr. 3 Yr. 5 Yr. Since Inception
BBH Intermediate Municipal Bond Fund (Class I) -0.14% 1.90% 3.76% 3.69% 4.34% 4.41% 4.18%
BBH Intermediate Municipal Bond Fund (Class N) -0.15% 1.94% 3.63% 3.51% 4.17% 4.25% 4.04%
Barclays Capital Municipal Bond 1-15 Year Blend Index -0.33% 1.65% 3.27% 3.26% 3.63% 3.48% 3.49%

Class I: Total Expense Ratio: 0.50%
Class N: Net/Gross Expense Ratio: 0.65% / 0.77%

Class I performance inception date is 04/01/2014. Class N performance inception date is 04/01/2014.

* Returns are not annualized.

All performance is net of fees.

The Investment Adviser has contractually agreed to limit the Total Annual Fund Operating Expenses for Class N to 0.65% and Class I to 0.50% through March 1, 2021. The Expense Limitation Agreement may only be terminated during its term with approval of the Fund's Board of Trustees.

Past performance does not guarantee future results, and current performance may be lower or higher than the past performance data quoted. The investment return and principal value will fluctuate and shares, when sold, may be worth more or less than the original cost. For the most recent month-end performance, call 1 (800) 625-5769. Fund shares redeemed within 30 days of purchase are subject to a redemption fee of 1.00%.

The Barclays 1-15 Year Blend (1-17) Muni Index is a component of the Barclays Municipal Bond index, including bonds with maturity dates between one and 17 years.

Total Returns Average Annual Total Returns
1 Mo.* 3 Mo.* YTD* 1 Yr. 3 Yr. 5 Yr. Since Inception
BBH Intermediate Municipal Bond Fund (Class I) 0.60% 2.61% 2.44% 4.56% 4.39% 4.24% 4.08%
BBH Intermediate Municipal Bond Fund (Class N) 0.68% 2.56% 2.35% 4.39% 4.23% 4.08% 3.94%
Barclays Capital Municipal Bond 1-15 Year Blend Index 0.58% 2.69% 2.18% 4.18% 3.75% 3.42% 3.42%

Class I: Total Expense Ratio: 0.50%
Class N: Net/Gross Expense Ratio: 0.65% / 0.77%

Class I performance inception date is 04/01/2014. Class N performance inception date is 04/01/2014.

* Returns are not annualized.

All performance is net of fees.

The Investment Adviser has contractually agreed to limit the Total Annual Fund Operating Expenses for Class N to 0.65% and Class I to 0.50% through March 1, 2021. The Expense Limitation Agreement may only be terminated during its term with approval of the Fund's Board of Trustees.

Past performance does not guarantee future results, and current performance may be lower or higher than the past performance data quoted. The investment return and principal value will fluctuate and shares, when sold, may be worth more or less than the original cost. For the most recent month-end performance, call 1 (800) 625-5769. Fund shares redeemed within 30 days of purchase are subject to a redemption fee of 1.00%.

The Barclays 1-15 Year Blend (1-17) Muni Index is a component of the Barclays Municipal Bond index, including bonds with maturity dates between one and 17 years.

Top Ten Holdings / Maturity / Coupon As of 08/31/2020

Holdings are subject to change.
Totals may not sum due to rounding.
Reported as a percentage of total portfolio.

NEW YORK ST URBAN DEV CORP REV 03/15/2028 5.000% 1.9%
State of Maryland 03/15/2025 5.000% 1.8%
State of Massachusetts 11/01/2025 0.718% 1.4%
Virginia State College Building Authority 09/01/2027 5.000% 1.2%
Philadelphia School District, PA 06/01/2033 5.000% 1.1%
Texas State Muni Gas Acquisition 12/15/2026 0.910% 1.1%
Northern California Gas Authority 07/01/2027 0.918% 1.1%
Minnesota Housing Finance Agency, MN 01/01/2050 2.470% 1.1%
Texas State Department of Housing and Community Affairs 09/01/2047 2.835% 1.0%
Michigan Qualified School Bond Loan Fund 05/01/2029 6.000% 1.0%
Total 12.6%

Sector Distribution As of 08/31/2020

Holdings are subject to change.
Totals may not sum due to rounding.
Reported as a percentage of portfolio securities.

General Obligations 32.0%
Pre-Refunded 1.0%
Revenue 67.0%
Total 100.0%

Full Composition

Download the full list of BBH Intermediate Municipal Bond Fund holdings as of the most recent month-end.

Historic Distributions

Ex Date Pay Date Income Short Term Long Term
12/31/2019 12/31/2019 0.018621496 - -
12/30/2019 12/31/2019 0.0467 0.0032
11/29/2019 11/29/2019 0.017759221 - -
10/31/2019 10/31/2019 0.018276895 - -
08/31/2020 08/31/2020 0.014799684 - -
07/31/2020 07/31/2020 0.015189348 - -
06/30/2020 06/30/2020 0.015179111 - -
05/29/2020 05/29/2020 0.015872357 - -
04/30/2020 04/30/2020 0.016553061 - -
03/31/2020 03/31/2020 0.018350652 - -
02/28/2020 02/28/2020 0.016522442 - -
01/31/2020 01/31/2020 0.017010383 - -
Ex Date Pay Date Income Short Term Long Term
12/31/2019 12/31/2019 0.017221051 - -
12/30/2019 12/31/2019 0.0467 0.0032
11/29/2019 11/29/2019 0.016417353 - -
10/31/2019 10/31/2019 0.017293418 - -
08/31/2020 08/31/2020 0.013165705 - -
07/31/2020 07/31/2020 0.013400458 - -
06/30/2020 06/30/2020 0.013348494 - -
05/29/2020 05/29/2020 0.014152530 - -
04/30/2020 04/30/2020 0.014495725 - -
03/31/2020 03/31/2020 0.017001846 - -
02/28/2020 02/28/2020 0.015247794 - -
01/31/2020 01/31/2020 0.015691737 - -

Effective April 30, 2019, the Fund is converted to daily accrual rate. May's monthly accrual includes the 4/30 daily accrual rate.

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All rights to materials on this site are reserved by Brown Brothers Harriman & Co. ("BBH") and can't be used without our permission.

Consult your prospectus for more information. To obtain a recent prospectus, please contact the BBH Fund Information Service, Brown Brothers Harriman & Co., 140 Broadway, New York, NY 10005. Call 1 (800) 575-1265, or email us a literature request (bbhfunds@bbh.com). You should consider the Fund's investment objectives, risks, charges, and expenses carefully before you invest. Information about these and other important subjects is in the Fund's prospectus, which you should read carefully before investing.

NOT FDIC INSURED          NO BANK GUARANTEE          MAY LOSE VALUE

BBH provides investment advice and portfolio management to the BBH Funds through a separately identifiable department (the "Investment Adviser"). The Investment Adviser is registered with the U.S. Securities and Exchange Commission under the Investment Advisers Act of 1940. BBH acts as the Fund Administrator and is located at 140 Broadway, New York, NY 10005.

Shares of the Fund are distributed by ALPS Distributors, Inc. which is located at 1290 Broadway, Suite 1000, Denver, CO 80203.

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