BBH Partner Fund – International Equity

BBHLX
  • $2,183M
    Fund Assets
  • $16.62
    NAV
  • -$0.02
    NAV Change (as of 03/28/2024)
  • 4.65%
    YTD Return (as of 02/29/2024)

Overview

BBH Partner Fund - International Equity aims to provide investors with long-term maximization of total return, primarily through capital appreciation.

Brown Brothers Harriman & Co., through a separately identifiable department (“BBH”), employs a "manager of managers" approach, whereby the Fund's assets are allocated to an investment sub-adviser, currently Select Equity Group, L.P. (“Select Equity Group”) and Trinity Street Asset Management, LLP ("Trinity Street"). Select Equity Group and Trinity Street* employs an investment philosophy and process that are broadly aligned with BBH's investment principles. BBH monitors and oversees the sub-adviser by reviewing its portfolio performance and characteristics as well as organizational activity.

 

Fund Facts

BBHLX
  • 10/25/2002
    Inception Date
  • BBHLX
    Ticker
  • 05528X406
    CUSIP
  • $2,183,349,094
    Fund Assets as of date 03/28/2024
  • $2,183,349,094
    Share Class Assets as of date 03/28/2024
  • 0.64%
    Net Expense Ratio
  • 0.64%
    Gross Expense Ratio
  • MSCI NET EAFE
    Benchmark
  • $10,000
    Minimum Initial Investment
  • $1,000
    Minimum Subsequent Investment

Select Equity Group, L.P. (SEG)
Investment Team 

Trinity Street Asset Management, LLP (TSAM)
Investment Team

BBH Partner Fund - International Equity Commentary

Select Equity Group, L.P.  (SEG) and Trinity Street Asset Management, LLP (TSAM), the Fund’s sub-advisers, discusses how the BBH Partner Fund – International Equity performed over the most recent quarter-end.

 

 

 

 

 

 

 

Fund Documents

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Listing of available PDF Fund Documents, Investment Commentary and Reports for the BBH Partner Fund - International Equity
Fund Documents Investment Commentary & Fund Reports
Name
Share Class / Ticker
Prospectus
Statement of Additional Info
Quarterly
Annual Report
Semi-Annual Report
Holdings
Expand
/Close
International Equity
Class I
BBHLX

Performance

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Listing of Total Returns and Average Annual Total Returns for various time periods for BBH Partner Fund - International Equity
Total Returns Average Annual Total Returns
Name
Share Class / Ticker
1 Mo.
3 Mo.
YTD
1 Yr.
3 Yr.
5 Yr.
10 Yr.
Since Inception
Performance Inception
Net Expense Ratio (%)
Gross Expense Ratio (%)
Expand
/Close
International Equity
Class I
BBHLX
4.31% 10.75% 4.65% 14.87% -1.86% 5.42% 4.74% 5.32% 04/01/1995 0.64% 0.64%
MSCI NET EAFE
1.83% 7.86% 2.42% 14.41% 4.45% 6.77% 4.39% 5.03%
  • Class I | BBHLX
    BBH Partner Fund - International Equity
    04/01/1995
    4.31%
    1 Mo.
    10.75%
    3 Mo.
    4.65%
    YTD
    0.64%
    Net Exp. Ratio %
    0.64%
    Gross Exp. Ratio %
  • MSCI NET EAFE
    1.83%
    1 Mo.
    7.86%
    3 Mo.
    2.42%
    YTD
    Net Exp. Ratio %
    Gross Exp. Ratio %

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

Class I commenced operations on 10/25/2002. Total return information for Class I shares from 10/24/2002 to 6/7/1997 is that of Class N shares and from 6/6/2017 to 4/1/1995 is that of the BBH International Portfolio. Class N's and predecessor fund's performance has been adjusted to assume that all charges, expenses and fees which are presently in effect for Class I were deducted during such periods.
Fund shares redeemed within 30 days of purchase are subject to a redemption fee of 2.00%.

The Investment Advisor may from time to time voluntarily waive all or a portion of its advisory and administrative fee from the Fund.

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 MSCI EAFE Index (Europe, Australia, Far East) is a free float-adjusted market capitalization index that is designed to measure the equity market performance of developed markets, excluding the U.S. & Canada. The index is not available for direct investment. The Fund seeks to generate attractive returns over time but does not attempt to mirror a benchmark or an index. The composition of the MSCI EAFE Index is materially different than the Fund's holdings.

Holdings & Composition

Portfolio holdings and characteristics are subject to change.  

Distributions

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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 Partner Fund - Interational Equity.
Distributions Per Share
Name
Share Class/ Ticker
Short-Term Capital Gains
Ordinary Income
Long-Term Capital Gains
Total Distribution
% of NAV
Reinvest NAV
Expand
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International Equity
Class I
BBHLX
$-- $0.137 $-- $-- -- $--
  • Class I | BBHLX
    BBH Partner Fund - International Equity
    12/13/2023
    $--
    Short-Term Cap. Gains
    $--
    Long-Term Cap. Gains
    $--
    Total Distribution
    $--
    Reinvest Nav

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. Prices of emerging market securities can be significantly more volatile than the prices of securities in developed countries, and currency risk and political risks are accentuated in emerging markets.

The Fund also invests in derivative instruments, investments whose values depend on the performance of the underlying security, assets, interest rate, index, or currency and entail potentially higher volatility and risk of loss compared to traditional stock or bond investments.

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.

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

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

*Effective, August 19, 2023, Trinity Street has been added as an additional subadvisor.

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.

NOT FDIC INSURED ● NO BANK GUARANTEE ● MAY LOSE VALUE

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