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Trending ETFs

Name

As of 06/17/2024

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

$7.39

$331 M

0.00%

0.92%

Vitals

YTD Return

-3.7%

1 yr return

1.5%

3 Yr Avg Return

N/A

5 Yr Avg Return

N/A

Net Assets

$331 M

Holdings in Top 10

60.5%

52 WEEK LOW AND HIGH

$7.3
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.92%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee 2.00%


Min Investment

Standard (Taxable)

$10,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 06/17/2024

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

$7.39

$331 M

0.00%

0.92%

BBHSX - Profile

Distributions

  • YTD Total Return -3.7%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio -0.83%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    BBH Partner Fund - Small Cap Equity
  • Fund Family Name
    BBH TRUST
  • Inception Date
    Jul 08, 2021
  • Shares Outstanding
    N/A
  • Share Class
    I
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Jay Creel

Fund Description

Under normal circumstances, the Fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in small cap equity securities. Such securities will be publicly traded and issued by domestic issuers directly. The Fund primarily seeks to purchase common stock. The Investment Adviser considers small cap securities to be securities that at the time of purchase have market capitalizations between (or equal) to the largest and smallest companies within the Russell 2000 Index and/or are constituents of the Russell 2000 Index, as of the date of the latest reconstitution. As of January 31, 2024, the market capitalization range of companies included in the Russell 2000 Index was $12.92 million to $29.58 billion. The Fund will concentrate at least 25% of its net assets in the Software & Services Industry Group within the Information Technology Sector.

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-adviser, Bares Capital Management, Inc. (“Sub-adviser”). Subject to the general supervision by the Fund’s Board of Trustees (“Board”), the Investment Adviser oversees the Sub-adviser and evaluates its performance results. The Investment Adviser reviews portfolio performance, characteristics and changes in key personnel of the Sub-adviser. The Sub-adviser is 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 Sub-adviser’s focuses on identifying companies that it believes are qualitatively excellent through “bottoms-up” research, primarily involving a review of public documents; field work, including company site visits, industry trade shows, user conferences and product demonstrations; discussions with suppliers, customers and competitors; and other primary and secondary

due diligence. The Fund will typically invest in companies with durable competitive advantages; the potential for high returns on invested capital; skilled, shareholder-friendly management teams; and large growth opportunities. After qualitative assessment is complete, the Sub-adviser values the companies that meet its criteria using a discounted cash flow model or other relevant methods and invests in a limited number of companies that present the most compelling mix of qualitative characteristics (e.g., competitive position) and quantitative metrics (e.g., price in relation to intrinsic value). As part of the Fund’s investment process, the Sub-adviser considers environmental, social and governance (“ESG”) factors for certain investments in the portfolio. ESG factors include, the environmental and social impact of the issuer as well as the issuer’s instituted governance programs. Investments may be sold if they appreciate to levels at or near the higher end of the Sub-adviser’s estimated ranges of intrinsic value. However, the Fund may retain these investments if they continue to meet the Fund’s investment objective and strategy.

The Fund operates as a “non-diversified company” under the Investment Company Act of 1940 (the “1940 Act”), which means that the Fund may invest a significant portion of its assets in the securities of a limited number of issuers. The Fund invests in at least 20 companies, each of which must meet the Sub-adviser’s prescriptive fundamental criteria.

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BBHSX - Performance

Return Ranking - Trailing

Period BBHSX Return Category Return Low Category Return High Rank in Category (%)
YTD -3.7% -13.5% 21.8% 97.40%
1 Yr 1.5% -15.3% 42.8% 96.47%
3 Yr N/A* -10.9% 40.3% N/A
5 Yr N/A* -14.0% 32.3% N/A
10 Yr N/A* -3.3% 16.6% N/A

* Annualized

Return Ranking - Calendar

Period BBHSX Return Category Return Low Category Return High Rank in Category (%)
2023 21.2% -19.9% 29.0% 2.23%
2022 -29.4% -59.3% 118.2% 90.64%
2021 N/A -31.6% 39.3% N/A
2020 N/A -51.0% 39.5% N/A
2019 N/A -5.6% 37.8% N/A

Total Return Ranking - Trailing

Period BBHSX Return Category Return Low Category Return High Rank in Category (%)
YTD -3.7% -13.5% 21.8% 97.40%
1 Yr 1.5% -15.3% 42.8% 96.47%
3 Yr N/A* -10.9% 40.3% N/A
5 Yr N/A* -14.0% 32.3% N/A
10 Yr N/A* -3.3% 16.6% N/A

* Annualized

Total Return Ranking - Calendar

Period BBHSX Return Category Return Low Category Return High Rank in Category (%)
2023 21.2% -11.7% 31.8% 8.57%
2022 -29.4% -45.2% 123.7% 99.44%
2021 N/A 0.0% 47.7% N/A
2020 N/A -50.5% 46.9% N/A
2019 N/A 2.1% 43.7% N/A

NAV & Total Return History


BBHSX - Holdings

Concentration Analysis

BBHSX Category Low Category High BBHSX % Rank
Net Assets 331 M 529 K 145 B 54.26%
Number of Holdings 21 2 2454 99.07%
Net Assets in Top 10 189 M 120 K 10.3 B 27.78%
Weighting of Top 10 60.49% 3.5% 100.1% 1.12%

Top 10 Holdings

  1. ALARM.COM HOLDINGS INC 0.00000000 11.66%
  2. XPEL INC REG S 0.00000000 11.10%
  3. CIMPRESS PLC 0.00000000 5.53%
  4. FRANKLIN COVEY CO 0.00000000 5.17%
  5. TRIUMPH FINANCIAL INC 0.00000000 4.97%
  6. DESPEGAR.COM CORP 0.00000000 4.56%
  7. AGILYSYS INC 0.00000000 4.55%
  8. UPWORK INC 0.00000000 4.38%
  9. MODEL N INC 0.00000000 4.31%
  10. ELEMENT SOLUTIONS INC 0.00000000 4.26%

Asset Allocation

Weighting Return Low Return High BBHSX % Rank
Stocks
96.02% 2.52% 108.16% 84.07%
Cash
3.98% 0.00% 42.16% 27.04%
Preferred Stocks
0.00% 0.00% 8.35% 56.67%
Other
0.00% -0.14% 36.28% 71.48%
Convertible Bonds
0.00% 0.00% 3.17% 55.84%
Bonds
0.00% -1.96% 82.35% 58.52%

Stock Sector Breakdown

Weighting Return Low Return High BBHSX % Rank
Technology
54.70% 0.00% 54.70% 0.19%
Consumer Cyclical
23.09% 0.99% 47.79% 0.75%
Communication Services
8.87% 0.00% 14.85% 1.50%
Healthcare
6.13% 0.00% 26.53% 89.33%
Basic Materials
4.18% 0.00% 18.66% 61.80%
Industrials
3.02% 2.46% 37.42% 99.44%
Utilities
0.00% 0.00% 18.58% 95.32%
Real Estate
0.00% 0.00% 29.43% 98.50%
Financial Services
0.00% 0.00% 35.52% 100.00%
Energy
0.00% 0.00% 37.72% 97.75%
Consumer Defense
0.00% 0.00% 18.87% 99.63%

Stock Geographic Breakdown

Weighting Return Low Return High BBHSX % Rank
US
96.02% 2.52% 108.16% 79.26%
Non US
0.00% 0.00% 91.59% 62.59%

BBHSX - Expenses

Operational Fees

BBHSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.92% 0.01% 38.45% 64.43%
Management Fee 0.85% 0.00% 1.50% 75.28%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.45% N/A

Sales Fees

BBHSX 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

BBHSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 2.00% 1.00% 2.00% 38.30%

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.

BBHSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 1.00% 314.00% N/A

BBHSX - Distributions

Dividend Yield Analysis

BBHSX Category Low Category High BBHSX % Rank
Dividend Yield 0.00% 0.00% 42.47% 90.93%

Dividend Distribution Analysis

BBHSX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual Quarterly Annual

Net Income Ratio Analysis

BBHSX Category Low Category High BBHSX % Rank
Net Income Ratio -0.83% -2.40% 2.49% 93.63%

Capital Gain Distribution Analysis

BBHSX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Semi-Annually Annually

Distributions History

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BBHSX - Fund Manager Analysis

Managers

Jay Creel


Start Date

Tenure

Tenure Rank

Jul 08, 2021

0.9

0.9%

Jay joined BCM in 2012. He is responsible for portfolio management, investment due diligence, client relationships, and firm administration. Prior to joining the firm, Jay was a general partner and investment analyst at Treaty Oak Capital Management and an investment banker at Molecular Securities (a spinoff of Morgan Stanley) and Deutsche Bank Securities. He graduated from Princeton University with an A.B. in History.

Brian Bares


Start Date

Tenure

Tenure Rank

Jul 08, 2021

0.9

0.9%

Brian founded Bares Capital Management in 2000. He developed BCM’s investment philosophy and research process, and he is responsible for portfolio management, investment due diligence, client relationships, and firm strategy. Brian is the author of The Small-Cap Advantage, published in 2011 by John Wiley & Sons. He is also an external advisor for the M.B.A. Investment Fund at the University of Texas at Austin. He graduated from the University of Nebraska with a B.S. in Mathematics and has earned the CFA designation.

Benjamin Huang


Start Date

Tenure

Tenure Rank

Dec 31, 2021

0.41

0.4%

Mr. Benjamin Huang joined Bares Capital Management, Inc. in 2015. Mr. Huang is responsible for portfolio management, investment due diligence, and new idea generation. Prior to joining Bares Capital, he was an equity analyst intern at Bessemer Trust. Mr. Huang received an A.B. from Princeton University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 49.61 7.12 2.58