Continue to site >
Trending ETFs

Name

As of 06/11/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$16.67

$2.16 B

0.82%

$0.14

0.64%

Vitals

YTD Return

7.7%

1 yr return

10.0%

3 Yr Avg Return

-4.0%

5 Yr Avg Return

5.2%

Net Assets

$2.16 B

Holdings in Top 10

31.5%

52 WEEK LOW AND HIGH

$16.8
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.64%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 86.00%

Redemption Fee 2.00%


Min Investment

Standard (Taxable)

$10,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 06/11/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$16.67

$2.16 B

0.82%

$0.14

0.64%

BBHLX - Profile

Distributions

  • YTD Total Return 7.7%
  • 3 Yr Annualized Total Return -4.0%
  • 5 Yr Annualized Total Return 5.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.65%
DIVIDENDS
  • Dividend Yield 0.8%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    BBH Partner Fund - International Equity
  • Fund Family Name
    BBH TRUST
  • Inception Date
    Jun 28, 2002
  • Shares Outstanding
    N/A
  • Share Class
    I
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Loren Lewallen

Fund Description

Under normal circumstances, at least 80% of the net assets of the Fund, plus any borrowings for investment purposes, are invested in equity securities of companies in multiple developed and emerging markets of the world, excluding the United States. The Investment Adviser defines

developed markets as those markets included in the Morgan Stanley Capital International—Europe, Australasia, and Far East Index (“MSCI-EAFE”) and Canada. The Fund may invest up to 35% of its assets, at the time of purchase, in emerging markets of the world. The Investment Adviser defines an emerging market as a securities market located in any country that is defined as having an emerging or developing economy by the World Bank or its related organizations, or the United Nations or its authorities. The Fund may purchase these equity securities directly or in the form of sponsored and unsponsored American Depository Receipts (“ADRs”) and Global Depositary Receipts (“GDRs”) representing securities of companies based outside of the United States, national security exchanges or over-the-counter markets. The Fund will primarily invest in equity securities of companies with large market capitalizations.

Brown Brothers Harriman & Co. (“BBH&Co.”), through a separately identifiable department (“Investment Adviser”), employs a “manager of managers” investment approach, whereby it allocates the Fund’s assets to the Fund’s sub-advisers, Select Equity Group, L.P. (“Select Equity Group”) and Trinity Street Asset Management, LLP (“Trinity Street”) (collectively, the “Sub-advisers”). Subject to the general supervision by the Fund’s Board of Trustees (the “Board”), the Investment Adviser oversees the Sub-advisers and evaluates their respective performance results. The Investment Adviser reviews portfolio performance, characteristics and changes in key personnel of the Sub-advisers. The Sub-advisers are primarily responsible for the day-to-day management of the Fund’s portfolio, including purchases and sales of individual securities. However, the Investment Adviser may, when deemed appropriate, manage all or a portion of the Fund’s assets according to the Fund’s principal investment strategies.

The Fund buys and sells securities denominated in currencies other than the U.S. dollar. Interest, dividends and sale proceeds on such securities are received in currencies other than the U.S. dollar. The Fund enters into foreign currency exchange transactions from time to time to convert to and from different foreign currencies and to convert foreign currencies to and from the U.S. dollar.

Select Equity Group’s Investment Process: Select Equity Group will focus on identifying attractive non-U.S. publicly traded businesses with large market capitalizations and will invest opportunistically in these businesses when it believes that good long-term returns can be achieved. Select Equity Group defines attractive businesses as those that have achieved leading and defensible market positions through the creation of enduring franchise value. As part of the Fund’s investment process, Select Equity Group may consider environmental, social and governance (“ESG”) factors for the majority of equity investments in the portfolio. ESG factors include, but are not limited to the environmental and social impact of the issuer, as well as the issuers instituted governance programs. They are, in the view of Select Equity Group, both well positioned for long term growth and resilient in difficult economic environments. Select Equity Group employs intensive and rigorous fundamental equity research in order to identify these investment opportunities.

Trinity Street’s Investment Process: Trinity Street believes in an unconstrained, approach to investing that is not linked to components of any benchmark against which the performance of the portfolio is measured, and Trinity Street intends to invest in a focused portfolio of non-U.S. common stocks of publicly traded companies, with the potential to invest in preferred stocks on a limited basis. Trinity Street intends to select securities based on identifying important positive factors that affect a company’s earnings and cash flow prospects, which it believes to be under-recognized by the market. These factors will be identified through fundamental research and valuation methodologies.

Trinity Street’s portfolio of investment positions will mainly consist of large-capitalization companies at the time of the initial purchase. Emerging markets are expected, from time to time, to be represented in the portion of the Fund managed by Trinity Street. Trinity Street has incorporated and integrated ESG considerations into its investment process. However, ESG does not drive the investment process at Trinity Street, and is only one factor that is considered when investing, holding, and divesting.

The Sub-advisers may sell securities for a variety of reasons, such as to secure gains, limit losses or redeploy assets into more promising opportunities. The Fund may, from time to time, invest in a limited number of issuers.

Read More

BBHLX - Performance

Return Ranking - Trailing

Period BBHLX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.7% -4.6% 27.2% 26.72%
1 Yr 10.0% -1.5% 33.3% 37.40%
3 Yr -4.0%* -18.7% 10.2% 58.58%
5 Yr 5.2%* -2.1% 13.9% 73.96%
10 Yr 4.5%* -0.6% 9.5% 61.99%

* Annualized

Return Ranking - Calendar

Period BBHLX Return Category Return Low Category Return High Rank in Category (%)
2023 13.3% -0.4% 28.6% 56.49%
2022 -24.6% -49.5% -13.3% 34.62%
2021 -10.3% -22.2% 19.3% 92.57%
2020 20.6% -4.9% 85.0% 47.63%
2019 27.9% -4.0% 45.1% 34.15%

Total Return Ranking - Trailing

Period BBHLX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.7% -4.6% 27.2% 26.72%
1 Yr 10.0% -1.5% 33.3% 37.40%
3 Yr -4.0%* -18.7% 10.2% 58.58%
5 Yr 5.2%* -2.1% 13.9% 73.96%
10 Yr 4.5%* -0.6% 9.5% 61.99%

* Annualized

Total Return Ranking - Calendar

Period BBHLX Return Category Return Low Category Return High Rank in Category (%)
2023 14.3% 1.8% 28.6% 70.99%
2022 -24.2% -44.4% -11.0% 45.90%
2021 1.7% -20.6% 20.5% 84.08%
2020 24.0% -4.9% 97.1% 41.78%
2019 30.0% 0.5% 45.3% 35.69%

NAV & Total Return History


BBHLX - Holdings

Concentration Analysis

BBHLX Category Low Category High BBHLX % Rank
Net Assets 2.16 B 191 K 137 B 41.48%
Number of Holdings 70 4 1799 48.60%
Net Assets in Top 10 663 M 65.4 K 36.5 B 40.97%
Weighting of Top 10 31.55% 12.7% 100.2% 49.87%

Top 10 Holdings

  1. CRH PLC 0.00000000 4.21%
  2. TAIWAN SEMICONDUCTOR SPONSORED ADR /1 ADR REPS 5 ORD SHS/ 0.00000000 4.07%
  3. SAFRAN SA /EUR/ 0.00000000 3.51%
  4. SAP SE /EUR/ 0.00000000 3.43%
  5. LONDON STOCK EXCHANGE GROUP /GBP/ 0.00000000 3.39%
  6. BROOKFIELD CORP /CAD/ 0.00000000 3.32%
  7. AIA GROUP LTD /HKD/ 0.00000000 2.46%
  8. OBIC CO LTD /JPY/ 0.00000000 2.43%
  9. SARTORIUS STEDIM BIOTECH /EUR/ 0.00000000 2.41%
  10. EXPERIAN PLC /GBP/ 0.00000000 2.32%

Asset Allocation

Weighting Return Low Return High BBHLX % Rank
Stocks
98.14% 87.07% 104.45% 41.48%
Cash
1.86% 0.00% 16.26% 51.40%
Preferred Stocks
0.00% 0.00% 4.57% 50.38%
Other
0.00% -0.33% 2.14% 44.27%
Convertible Bonds
0.00% 0.00% 2.45% 29.08%
Bonds
0.00% 0.00% 0.07% 28.50%

Stock Sector Breakdown

Weighting Return Low Return High BBHLX % Rank
Technology
29.94% 1.51% 38.21% 2.55%
Industrials
16.24% 0.68% 31.28% 44.64%
Financial Services
15.66% 0.00% 38.62% 44.39%
Consumer Cyclical
13.73% 0.00% 46.28% 27.55%
Healthcare
11.89% 1.36% 29.58% 72.70%
Basic Materials
5.95% 0.00% 23.15% 65.05%
Consumer Defense
3.91% 0.00% 25.77% 91.33%
Communication Services
2.68% 0.00% 41.13% 68.62%
Utilities
0.00% 0.00% 9.05% 60.46%
Real Estate
0.00% 0.00% 6.64% 61.22%
Energy
0.00% 0.00% 24.97% 75.26%

Stock Geographic Breakdown

Weighting Return Low Return High BBHLX % Rank
Non US
80.98% 0.00% 100.08% 65.39%
US
17.16% 0.00% 100.16% 34.10%

BBHLX - Expenses

Operational Fees

BBHLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.64% 0.01% 13.07% 85.17%
Management Fee 0.60% 0.00% 1.50% 29.26%
12b-1 Fee N/A 0.00% 1.00% 6.31%
Administrative Fee N/A 0.03% 0.80% N/A

Sales Fees

BBHLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

BBHLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 2.00% 0.25% 2.00% 33.33%

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

BBHLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 86.00% 7.00% 149.00% 91.04%

BBHLX - Distributions

Dividend Yield Analysis

BBHLX Category Low Category High BBHLX % Rank
Dividend Yield 0.82% 0.00% 12.70% 47.70%

Dividend Distribution Analysis

BBHLX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual Annual Annual

Net Income Ratio Analysis

BBHLX Category Low Category High BBHLX % Rank
Net Income Ratio 0.65% -1.69% 3.16% 29.31%

Capital Gain Distribution Analysis

BBHLX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

BBHLX - Fund Manager Analysis

Managers

Loren Lewallen


Start Date

Tenure

Tenure Rank

Feb 24, 2017

5.27

5.3%

Mr. Lewallen began at Select Equity as an intern in 2006 and joined the Firm full time in September 2007. Mr. Lewallen is a CFA® charterholder. Mr. Lewallen received a B.A. from Columbia University (magna cum laude).

Jonathan Allen


Start Date

Tenure

Tenure Rank

Feb 24, 2017

5.27

5.3%

Mr. Allen joined Select Equity in April 2010. Prior to joining Select Equity, Mr. Allen was a Principal, Portfolio Manager and Analyst with Clay Finlay for 16 years. Mr. Allen is a CFA® charterholder. Mr. Allen received a B.A. from the University of Pennsylvania.

Brian Vollmer


Start Date

Tenure

Tenure Rank

Feb 24, 2017

5.27

5.3%

Mr. Vollmer began at Select Equity as an intern in 2005 and joined the Firm full time in August 2006. Prior to joining Select Equity, Mr. Vollmer worked as a private equity Investment Analyst for Hicks, Muse, Tate & Furst. Prior to Hicks, Muse, Tate & Furst, he worked in the Investment Banking Division at Goldman Sachs. Mr. Vollmer received a B.S. from the University of Virginia (with distinction) and an M.B.A. from the Stanford Graduate School of Business, where he graduated as an Arjay Miller Scholar.

Matthew Pickering


Start Date

Tenure

Tenure Rank

Feb 24, 2017

5.27

5.3%

Matthew C. Pickering joined Select Equity Group, L.P in December 2010. Prior to joining Select Equity, Mr. Pickering was an Analyst with Harris Associates for four years. Prior to Harris Associates, he worked for six years as an Analyst and Associate Portfolio Manager with Institutional Capital. Mr. Pickering is a CFA® charterholder. Mr. Pickering received a B.S. from Miami University (magna cum laude).

Chad Clark


Start Date

Tenure

Tenure Rank

Feb 24, 2017

5.27

5.3%

Chad M. Clark joined Select Equity Group, L.P in August 2010. He oversees the Firm’s international strategies. Mr. Clark is a member of the Firm’s Management Committee. Prior to joining Select Equity, Mr. Clark spent 14 years at Harris Associates, where he was a Partner and co-managed the Oakmark International Small Cap Fund and Harris International Value L.P. Prior to Harris Associates, he was an Analyst in Corporate Finance at William Blair & Company. Mr. Clark is a CFA® charterholder. Mr. Clark received a B.S. from Carnegie Mellon University (summa cum laude).

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 26.94 7.67 20.01