*Refers to 30-Day SEC Yield. The subsidized and unsubsidized yields are available five to ten business days after month-end.

Performance data quoted represents past performance. 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.

Returns of less than a year are not annualized.

BBH Select Series – Large Cap Fund, BBH Select Series – Mid Cap Fund, BBH Partner Fund - International Equity shares and BBH Partner Fund – Small Cap Equity shares BBH Income Fund redeemed within 30 days of purchase are subject to a redemption fee of 2.00%. Shares of the BBH Intermediate Municipal Bond Fund and BBH Income Fund redeemed within 30 days of purchase are subject to a redemption fee of 1.00%.

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 Large Cap Fund to 0.80% through March 1, 2025. The Expense Limitation Agreement may only be terminated during its term with approval of the Fund's Board of Trustees.

The Investment Advisor has contractually agreed to limit the Total Annual Fund Operating Expenses for Class I of the BBH Select Series - Mid Cap Fund 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.

The Investment Advisor has contractually agreed to limit the Total Annual Fund Operating for the BBH Limited Duration Fund Class N to 0.35%, through March 1, 2025. The Expense Limitation Agreement mahy only be terminated during its term with approval of the Fund's Board of Trustees..

The Investment Advisor has contractually agreed to limit the Total Annual Fund Operating Expenses for the BBH Intermediate Municipal Bond Fund’s Class N to 0.65% and Class I to 0.45% until March 1, 2025.  The Expense Limitation Agreement may only be terminated during its term with approval of the Fund's Board of Trustees.

The Investment Advisor has contractually agreed to limit the Total Annual Fund Operating Expenses for the BBH Income Fund Class N Shares and Class I Shares  to 0.70% and 0.46%, respectively, until March 1, 2025. The agreement may only be terminated during its term with approval of the Fund's Board of Trustees (the "Board").

The contractual expense limitations may only be terminated during their terms with approval of the Fund's Board of Trustees.

The Investment Adviser of the BBH U.S. Government Money Market Fund  may from time to time voluntarily waive all or a portion of its advisory and administration fee from the Fund.

The Investment Adviser of the BBH Partner Fund - Small Cap Equity Fund may from time to time voluntarily waive all or a portion of its advisory and administrative fee from the Fund.

The Investment Adviser of the BBH Partner Fund - International Equity Fund may from time to time voluntarily waive all or a portion of its advisory and administratieve fee from the Fund.

On or before December 21, 2023, the BBH Select Series - Large Cap Fund Retail Class shares will be converted to Institutional Class shares. As of that date, the Retail Class will be closed to investments.