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.
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Class I | BBHLXBBH Partner Fund - International Equity04/01/1995-4.51%1 Mo.0.36%3 Mo.9.30%YTD0.64%Net Exp. Ratio %0.64%Gross Exp. Ratio %28.56%1 Yr.-2.68%3 Yr.4.70%5 Yr.5.28%10 Yr.5.35%Since Inception
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MSCI NET EAFE-5.44%1 Mo.-1.46%3 Mo.6.85%YTDNet Exp. Ratio %Gross Exp. Ratio %22.97%1 Yr.2.70%3 Yr.6.24%5 Yr.5.27%10 Yr.5.06%Since Inception
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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12/13/2023Record Date
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12/14/2023Ex. Dividend Date
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12/15/2023Payable Date
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Class I | BBHLXBBH Partner Fund - International Equity12/13/2023$--Short-Term Cap. Gains$--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
