Risk Considerations

You could lose money by investing in the Fund. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. An investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Fund's sponsor has no legal obligation to provide financial support to the Fund, and you should not expect that the sponsor will provide financial support to the Fund at any time.

The Fund is subject to the risk of changing economic, political or market conditions, credit risk, regulatory risk and the risk of interest rate fluctuations.

Asset allocation decisions, particularly large redemptions, made by Brown Brothers Harriman & Co., whose discretionary investment advisory clients make up a large percentage of the Fund's shareholders, may adversely impact remaining Fund shareholders.

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 BBH Select Large Cap ETF, BBH Select Mid Cap ETF, BBH Partner Fund - International Equity and BBH Intermediate Municipal Bond Funds.

Brown Brothers Harriman Credit Partners provides investment advice to the BBH Limited Duration Fund, BBH Income Fund and BBH U.S. Government Money Market Fund.

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.

NOT FDIC INSURED ● NO BANK GUARANTEE ● MAY LOSE VALUE