BBH Select Series - Mid Cap Fund

BBH Select Series – Mid Cap Fund

BBMIX

Share Class

$262M

Fund Assets
$10.53

NAV
-$0.07

NAV Change (as of 04/18/2024)
6.23%

YTD Return (as of 03/31/2024)
- Fact Sheet
- Prospectus

Overview

BBH Select Series – Mid Cap Fund seeks to provide investors with long-term growth of capital by generating strong absolute returns and outperforming over full economic cycles.

The Fund is based on fundamental business analysis and a long-term orientation. We invest in a select number of high-quality mid-cap business franchises, as defined by the four pillars of our investment strategy (Business Quality, Financial Returns, Management and Growth Potential), at an attractive discount to our estimate of intrinsic value.

Very few companies meet our investment criteria, but those that do have the potential to compound returns over many years.

Tim Harris Portfolio Manager

Fund Facts

BBMIX

Share Class

Mid Cap Equity

Category
05/24/2021

Inception Date
BBMIX

Ticker
05528C717

CUSIP

$262,453,740

Fund Assets as of date 04/18/2024
$262,453,740

Share Class Assets as of date 04/18/2024
0.90%

Net Expense Ratio
1.09%

Gross Expense Ratio

Russell Mid Cap Total Return

Benchmark
$10,000

Minimum Initial Investment
$1,000

Minimum Subsequent Investment

Investment Team

Timothy Harris

Managing Director, Portfolio Manager

New York City, NY | USA
Glenn Goldstein

Managing Director, Equity Analyst

New York City, NY | USA
Isaac Ogburn

Vice President, Equity Analyst

New York City, NY | USA

Our Approach to ESG

In BBH Mutual Funds, ESG analysis is embedded in our bottom-up investment process across equity strategies, corporate bonds, municipal debt and structured products.

Our sustainability goals focus on the positive impact we are making for our clients, our people, and our communities.

Learn More About Our Approach to ESG

Fund Documents

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Listing of available PDF Fund Documents, Investment Commentary and Fund Reports for BBH Select Series - Mid Cap Fund
		Fund Documents and Commentary						Fund Reports
Name	Share Class / Ticker	Prospectus	Fact Sheet (Quarterly)	Fact Sheet (Monthly)	Statement of Additional Info	Fund Application	Quarterly	Annual Report	Semi-Annual Report	Holdings	Expand /Close
BBH Select Series - Mid Cap Fund Mid Cap Equity	Class I BBMIX

Class I | BBMIX

BBH Select Series - Mid Cap Fund
Prospectus

Fact Sheet

Statement of Additional Information

Fund Application

Quarterly

Annual Report

Semi-Annual Report

Holdings

Performance

Share Class

Interval

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Listing of Total Returns and Average Annual Total Returns for various time periods for BBH Select Series - Mid Cap Fund
		Total Returns			Average Annual Total Returns
Name	Share Class / Ticker	1 Mo.	3 Mo.	YTD	1 Yr.	Since Inception	Performance Inception	Net Expense Ratio (%)	Gross Expense Ratio (%)	Expand /Close
BBH Select Series - Mid Cap Fund Mid Cap Equity	Class I BBMIX	2.33%	6.23%	6.23%	24.67%	4.80%	05/24/2021	0.90%	1.09%
Russell Mid Cap Total Return		4.34%	8.60%	8.60%	22.35%	4.60%

Overview The BBH Select Series - Mid Cap Fund seeks to provide investors with long-term growth of capital and generate attractive returns over full economic cycles by inveseting in 20-30 high quality investments. EXPLORE FUND DETAILS Prospectus Statement of Additional Information Fact Sheet Fund Application Letter of Instruction Holdings Monthly Commentary Quarterly Commentary

Overview The BBH Select Series - Mid Cap Fund seeks to provide investors with long-term growth of capital and generate attractive returns over full economic cycles by inveseting in 20-30 high quality investments. EXPLORE FUND DETAILS Prospectus Statement of Additional Information Fact Sheet Fund Application Letter of Instruction Holdings Monthly Commentary Quarterly Commentary

Class I | BBMIX

BBH Select Series - Mid Cap Fund

05/24/2021
1. Total Returns
2. Avg. Annual Returns
2.33%

1 Mo.

6.23%

3 Mo.

6.23%

YTD

0.90%

Net Exp. Ratio %

1.09%

Gross Exp. Ratio %

24.67%

1 Yr.

4.80%

Since Inception
Russell Mid Cap Total Return
1. Total Returns
2. Avg. Annual Returns
4.34%

1 Mo.

8.60%

3 Mo.

8.60%

YTD

Net Exp. Ratio %

Gross Exp. Ratio %

22.35%

1 Yr.

4.60%

Since Inception

All performance is net of fees. Returns of less than a year are not annualized.

Brown Brothers Harriman & Co., through a separately identifiable department ("Investment Advisor") has contractually agreed to limit the Total Annual Fund Operating Expenses of the BBH Select Series - Mid Cap Fund Class I shares after excluding certain expenses to 0.90% through March 1, 2025. 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.

The Russell Midcap is a market capitalization-weighted index comprised of approximately 800 publicly traded U.S. companies with market caps of between $1 and $66 billion. The index is not available for direct investment. The composition of the index is materially different than the Fund's holdings.

Holdings & Composition

Distributions

Share Class

Date as of

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12/13/2023

Record Date
12/14/2023

Ex. Dividend Date
12/15/2023

Payable Date

Table containing annual distributions filtered by share class and year for BBH Select Series - Mid Cap Fund.
		Distributions Per Share
Name	Share Class/ Ticker	Short-Term Capital Gains	Ordinary Income	Long-Term Capital Gains	Total Distribution	% of NAV	Reinvest NAV	Expand /Close
BBH Select Series - Mid Cap Fund Mid Cap Equity	Class I BBMIX	$--	$0.011	$--	$--	--	$--

Class I | BBMIX

BBH Select Series - Mid Cap Fund

12/13/2023
1. DEFAULT_TAB
$--

Short-Term Cap. Gains

$--

Long-Term Cap. Gains

$--

Total Distribution

$--

Reinvest Nav

EXPLORE FUND DETAILS

Past performance does not guarantee future results.

Risk Considerations
Investors in the Fund should be able to withstand short-term fluctuations in the equity markets in return for potentially higher returns over the long term. The value of portfolios changes every day and can be affected by changes in interest rates, general market conditions and other political, social and economic developments.

The Fund is “non-diversified” and may assume large positions in a small number of issuers which can increase the potential for greater price fluctuation.

Foreign investing involves special risks including currency risk, increased volatility, political risks, and differences in auditing and other financial standards.

Investing in small or medium sized companies typically exhibit greater risk and higher volatility than larger, more established companies.

Securities issued in IPOs have no trading history, and information about the companies may be available for very limited periods. In addition, the prices of securities sold in IPOs may be highly volatile or may decline shortly after the IPO. Asset allocation decisions by a large investor or an investment adviser, particularly large redemptions, may adversely impact remaining Fund shareholders.

A less favorable ESG profile may not preclude the Adviser from investing in a company, as the consideration of ESG factors is not more influential than the consideration of other investment criteria.

There is no assurance the Fund will achieve its investment objectives.

Shares of the Fund are distributed by ALPS Distributors, Inc.

Brown Brothers Harriman Mutual Fund Advisory Department (a separately identifiable department of Brown Brothers Harriman & Co.) provides investment advice to the Funds.

For more complete information, see the current Fund prospectus. 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.

The information on this website in no way constitutes an offer of Fund shares.

Shares of the funds have not been registered for sale outside the U.S. The funds generally do not sell shares to investors residing outside the U.S., even if they are U.S. citizens or lawful permanent residents, except to investors with U.S. military APO or FPO addresses. Brown Brothers Harriman & Co. sponsors UCITS Funds registered in the Grand Duchy of Luxembourg. These funds are available in certain jurisdictions. For more information please visit www.bbhluxembourgfunds.com.

NOT FDIC INSURED ● NO BANK GUARANTEE ● MAY LOSE VALUE