Investment Criteria

BBH U.S. Government Money Market Fund ("the Fund") must invest at least 99.5% of its total assets in cash, U.S. government securities, and/or repurchase agreements that are "collateralized fully" (i.e., backed by cash or U.S. government securities).

Note: Prior to April 1, 2016, under normal circumstances, the Fund invested in high quality, U.S. dollar denominated short-term money market instruments such as U.S. Government securities and bank obligations of U.S. and non-U.S. banks (i.e. certificates of deposit and fixed time deposits), commercial paper, repurchase agreements, municipal bonds, bonds issued by U.S. corporations and obligations of certain supranational organizations. As a “government money market fund” the fund must invest at least 99.5% of its total assets in cash, U.S. government securities, and/or repurchase agreements that are “collateralized fully” (i.e., backed by cash or U.S. government securities). The Fund's current investment strategy permits the intended investments of the U.S. government money market fund strategy.