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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

  • 09/30/2019
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) -0.75% 1.37% 5.86% 7.76% 3.59% 3.81% 4.06%
BBH Intermediate Municipal Bond Fund (Class N) -0.76% 1.33% 5.84% 7.59% 3.43% 3.65% 3.92%
Barclays Capital Municipal Bond 1-15 Year Blend Index -0.81% 1.13% 5.58% 7.39% 2.74% 3.03% 3.33%

Class I: Net/Gross Expense Ratio: 0.50% / 0.62%
Class N: Net/Gross Expense Ratio: 0.65% / 0.91%

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 February 29, 2020. 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 09/30/2019

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

Virginia State College Building Authority 09/01/2027 5.000% 2.0%
Michigan Qualified School Bond Loan Fund 05/01/2029 6.000% 1.8%
Geisinger Health System, PA 06/01/2028 2.439% 1.8%
State of Massachusetts 07/01/2026 5.000% 1.5%
Public Energy Authority Of Kentucky (Peak) Gas Supply 12/01/2049 4.000% 1.4%
Indiana University Health 12/01/2058 2.250% 1.4%
New York State Energy Research and Development Authority 07/01/2026 2.375% 1.3%
Massachusetts State Water Pollution Abatement 08/01/2023 0.000% 1.3%
Minnesota Housing Finance Agency, MN 03/01/2049 3.450% 1.3%
Metropolitan Transportation Authority 11/01/2026 2.220% 1.3%
Total 15.2%

Sector Distribution As of 09/30/2019

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

General Obligations 28.4%
Pre-Refunded 0.7%
Revenue 70.9%
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
09/30/2019 09/30/2019 0.018463420 - -
08/30/2019 08/30/2019 0.018892390 - -
07/31/2019 07/31/2019 0.019186128 - -
06/28/2019 06/28/2019 0.031724270 - -
05/31/2019 05/31/2019 0.020572310 - -
04/29/2019 04/30/2019 0.0183 - -
03/28/2019 03/29/2019 0.0197 - -
02/27/2019 02/28/2019 0.0178 - -
01/30/2019 01/31/2019 0.0194 - -
12/28/2018 12/31/2018 0.0193 - 0.0094
11/29/2018 11/30/2018 0.0148 - -
10/30/2018 10/31/2018 0.0186 - -
Ex Date Pay Date Income Short Term Long Term
09/30/2019 09/30/2019 0.017152293 - -
08/30/2019 08/30/2019 0.017468384 - -
07/31/2019 07/31/2019 0.017787364 - -
06/28/2019 06/28/2019 0.030392868 - -
05/31/2019 05/31/2019 0.019131335 - -
04/29/2019 04/30/2019 0.0171 - -
03/28/2019 03/29/2019 0.0184 - -
02/27/2019 02/28/2019 0.0165 - -
01/30/2019 01/31/2019 0.0180 - -
12/28/2018 12/31/2018 0.0180 - 0.0094
11/29/2018 11/30/2018 0.0136 - -
10/30/2018 10/31/2018 0.0174 - -

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 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 ("BBH"), 140 Broadway, New York, NY 10005. 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. and is located at 1290 Broadway, Suite 1100, Denver, CO 80203.

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