Name
As of 02/10/2025Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
1.0%
1 yr return
3.2%
3 Yr Avg Return
1.1%
5 Yr Avg Return
0.8%
Net Assets
$914 M
Holdings in Top 10
12.7%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.72%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 45.00%
Redemption Fee 1.00%
Min Investment
Standard (Taxable)
$5,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 02/10/2025Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
BBINX - Profile
Distributions
- YTD Total Return 1.0%
- 3 Yr Annualized Total Return 1.1%
- 5 Yr Annualized Total Return 0.8%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.18%
- Dividend Yield 3.8%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameBBH Intermediate Municipal Bond Fund
-
Fund Family NameBBH TRUST
-
Inception DateApr 01, 2014
-
Shares OutstandingN/A
-
Share ClassN
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerGregory Steier
Fund Description
The Fund seeks to achieve its investment objective by applying bottom-up fundamental analysis and investing in a long-term, tax-aware manner. The Fund aims to implement the strategy by investing primarily in a diversified portfolio of investment grade municipal bonds rated in the four highest credit ratings categories (AAA to BBB, or equivalent) at the time of purchase by at least one nationally recognized credit rating agency, or, if unrated, deemed to be of comparable quality by the investment adviser. Under normal circumstances, the Fund will invest at least 80% of its net assets, plus any borrowings for investment purposes, in municipal bonds that pay interest that is generally excludable from gross income for federal income tax purposes. However, certain municipal securities may pay interest that is includable as taxable income for purposes of the federal alternative minimum tax. There can be no assurance that the Fund will achieve its investment objective.
The Fund may invest in fixed-, variable- or floating-rate municipal securities issued by states, territories and possessions of the United States and the District of Columbia and their political subdivisions, agencies, and instrumentalities, authorities thereof, and multi-state agencies, issued
to obtain funds for various public purposes. These may include general obligation bonds, which typically are backed by the issuer’s ability to levy taxes, and revenue bonds, which typically are backed by a stream of revenue from a particular facility or class of facilities or, in some cases, from the proceeds of a special excise or other specific revenue source. Municipal securities also include auction rate municipal securities. The Fund may invest up to 15% of the market value of its total assets in securities that may be purchased on a when-issued or delayed delivery basis.
The Fund may also invest up to 20% of its total assets in securities that are not municipal securities, if, in the opinion of the Investment Adviser, these securities will enhance after-tax returns for Fund investors. Non-municipal securities investments may include notes and bonds issued by domestic and non-U.S. corporations and financial institutions and the U.S. Government, its agencies and guaranteed issuers. In addition, the Fund may purchase asset-backed securities, mortgage backed securities, auction rate securities and other sovereign debt when the Investment Adviser believes that the additional returns from these securities justify the risk of allocations to these asset classes. Under normal circumstances, the Fund expects the portfolio’s dollar weighted average maturity to be between 3 and 10 years.
The Fund may invest in money market instruments, repurchase agreements and derivative instruments, consisting of futures, swaps and options, to hedge its investments or to seek to enhance returns.
The Fund will not invest 25% or more of total assets in municipal obligations relating to similar types of projects or with other similar economic, business, or political characteristics (such as bonds of airport facilities or healthcare providers). For purposes of this policy, securities of the U.S. Government, its agencies, or instrumentalities and municipal obligations backed by the credit of governmental entities are not subject to this 25% limit. The Fund may invest more than 25% of its total assets in municipal securities whose issuers are located in any one state.
As part of the Fund’s investment process, the Investment Adviser considers environmental, social and governance (“ESG”) when evaluating investments in municipal bonds and structured products. The Investment Adviser does not evaluate ESG factors for securities issued by the U.S. government and its agencies. ESG factors may include, but are not limited to, the environmental and social risks of the issuer, as well as the issuer’s instituted governance programs.
BBINX - Performance
Return Ranking - Trailing
Period | BBINX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 1.0% | -0.5% | 10.4% | 24.01% |
1 Yr | 3.2% | -5.1% | 36.1% | 33.62% |
3 Yr | 1.1%* | -9.5% | 13.0% | 23.29% |
5 Yr | 0.8%* | -7.8% | 1104.1% | 35.55% |
10 Yr | 2.2%* | -1.1% | 249.0% | 17.66% |
* Annualized
Return Ranking - Calendar
Period | BBINX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2024 | -1.3% | -6.2% | 34.9% | 60.95% |
2023 | 2.9% | -1.4% | 41.0% | 45.62% |
2022 | -7.9% | -39.7% | 0.3% | 19.54% |
2021 | -1.2% | -5.6% | 6.9% | 81.43% |
2020 | 3.3% | -2.6% | 310.0% | 4.84% |
Total Return Ranking - Trailing
Period | BBINX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 1.0% | -0.5% | 10.4% | 24.01% |
1 Yr | 3.2% | -5.1% | 36.1% | 33.62% |
3 Yr | 1.1%* | -9.5% | 13.0% | 23.29% |
5 Yr | 0.8%* | -7.8% | 1104.1% | 35.55% |
10 Yr | 2.2%* | -1.1% | 249.0% | 17.66% |
* Annualized
Total Return Ranking - Calendar
Period | BBINX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2024 | 2.5% | -6.2% | 34.9% | 35.62% |
2023 | 6.0% | -1.3% | 41.0% | 43.26% |
2022 | -7.7% | -39.7% | 1.1% | 33.54% |
2021 | -0.1% | -4.8% | 23761504.0% | 90.99% |
2020 | 5.0% | -1.5% | 17057.9% | 15.63% |
NAV & Total Return History
BBINX - Holdings
Concentration Analysis
BBINX | Category Low | Category High | BBINX % Rank | |
---|---|---|---|---|
Net Assets | 914 M | 3.22 M | 71.9 B | 31.94% |
Number of Holdings | 348 | 4 | 14014 | 36.02% |
Net Assets in Top 10 | 158 M | -317 M | 3.09 B | 28.97% |
Weighting of Top 10 | 12.74% | 1.5% | 100.3% | 73.37% |
Top 10 Holdings
- UNIV HOSPS CLINICS AUTH WI REGD V/R B/E 3.95000000 1.64%
- NEW YORK CITY NY TRANSITIONAL REGD V/R B/E 4.00000000 1.61%
- PHILADELPHIA PA AUTH FOR INDL REGD V/R B/E 3.95000000 1.61%
- CENTRL PLAINS ENERGY PROJ NE G REGD V/R B/E 5.00000000 1.23%
- TEXAS AM UNIV 3.00% 02/06/25 3.00000000 1.21%
- MODESTO CA IRR DIST FING AUTH REGD V/R B/E NATL 4.16580000 1.17%
- FREDDIE MAC MULTIFAMILY ML CERTIFICATES SER 2024-ML24 CL AUS V/R 4.15500000 1.10%
- SALT VERDE AZ FINANCIAL CORP S REGD N/C OID B/E 5.00000000 1.08%
- UNITED STATES TREASURY BILL ZCP 0.00000000 1.06%
- TEXAS ST MUNI GAS ACQUISITION REGD V/R B/E 4.34920000 1.04%
Asset Allocation
Weighting | Return Low | Return High | BBINX % Rank | |
---|---|---|---|---|
Bonds | 100.76% | 0.00% | 150.86% | 12.83% |
Cash | 4.04% | -50.86% | 44.62% | 12.10% |
Stocks | 0.00% | 0.00% | 99.77% | 41.44% |
Preferred Stocks | 0.00% | 0.00% | 0.07% | 32.19% |
Other | 0.00% | -3.69% | 53.54% | 41.53% |
Convertible Bonds | 0.00% | 0.00% | 0.93% | 31.85% |
Bond Sector Breakdown
Weighting | Return Low | Return High | BBINX % Rank | |
---|---|---|---|---|
Municipal | 98.86% | 44.39% | 100.00% | 41.77% |
Cash & Equivalents | 4.04% | 0.00% | 44.41% | 9.74% |
Derivative | 0.00% | -3.69% | 53.54% | 39.65% |
Securitized | 0.00% | 0.00% | 5.93% | 33.06% |
Corporate | 0.00% | 0.00% | 9.41% | 43.18% |
Government | 0.00% | 0.00% | 52.02% | 37.38% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | BBINX % Rank | |
---|---|---|---|---|
US | 100.76% | 0.00% | 142.23% | 12.43% |
Non US | 0.00% | 0.00% | 23.89% | 36.49% |
BBINX - Expenses
Operational Fees
BBINX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.72% | 0.01% | 3.85% | 52.05% |
Management Fee | 0.40% | 0.00% | 1.20% | 39.76% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.44% | N/A |
Sales Fees
BBINX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.50% | 4.75% | N/A |
Deferred Load | N/A | 0.25% | 5.00% | N/A |
Trading Fees
BBINX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | 1.00% | 1.00% | 1.00% | 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.
BBINX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 45.00% | 0.00% | 283.00% | 91.00% |
BBINX - Distributions
Dividend Yield Analysis
BBINX | Category Low | Category High | BBINX % Rank | |
---|---|---|---|---|
Dividend Yield | 3.82% | 0.00% | 14.51% | 26.80% |
Dividend Distribution Analysis
BBINX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
BBINX | Category Low | Category High | BBINX % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.18% | -0.53% | 5.33% | 82.65% |
Capital Gain Distribution Analysis
BBINX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Jan 31, 2025 | $0.033 | OrdinaryDividend |
Dec 31, 2024 | $0.030 | OrdinaryDividend |
Nov 29, 2024 | $0.030 | OrdinaryDividend |
Oct 31, 2024 | $0.030 | OrdinaryDividend |
Sep 30, 2024 | $0.027 | OrdinaryDividend |
Aug 30, 2024 | $0.033 | OrdinaryDividend |
Jul 31, 2024 | $0.030 | OrdinaryDividend |
Apr 30, 2024 | $0.029 | OrdinaryDividend |
Mar 28, 2024 | $0.030 | OrdinaryDividend |
Feb 29, 2024 | $0.028 | OrdinaryDividend |
Jan 31, 2024 | $0.029 | OrdinaryDividend |
Dec 29, 2023 | $0.030 | OrdinaryDividend |
Nov 30, 2023 | $0.028 | OrdinaryDividend |
Oct 31, 2023 | $0.027 | OrdinaryDividend |
Sep 29, 2023 | $0.027 | OrdinaryDividend |
Aug 31, 2023 | $0.027 | OrdinaryDividend |
Jul 31, 2023 | $0.024 | OrdinaryDividend |
Jun 30, 2023 | $0.026 | OrdinaryDividend |
May 31, 2023 | $0.024 | OrdinaryDividend |
Apr 28, 2023 | $0.022 | OrdinaryDividend |
Mar 31, 2023 | $0.025 | OrdinaryDividend |
Feb 28, 2023 | $0.021 | OrdinaryDividend |
Jan 31, 2023 | $0.020 | OrdinaryDividend |
Dec 30, 2022 | $0.000 | OrdinaryDividend |
Nov 30, 2022 | $0.000 | OrdinaryDividend |
Oct 31, 2022 | $0.000 | OrdinaryDividend |
Sep 30, 2022 | $0.000 | OrdinaryDividend |
Aug 31, 2022 | $0.000 | OrdinaryDividend |
Jul 29, 2022 | $0.000 | OrdinaryDividend |
Jun 30, 2022 | $0.000 | OrdinaryDividend |
May 31, 2022 | $0.000 | OrdinaryDividend |
Apr 29, 2022 | $0.000 | OrdinaryDividend |
Mar 31, 2022 | $0.000 | OrdinaryDividend |
Feb 28, 2022 | $0.000 | OrdinaryDividend |
Jan 31, 2022 | $0.000 | OrdinaryDividend |
Dec 31, 2021 | $0.011 | OrdinaryDividend |
Nov 30, 2021 | $0.010 | OrdinaryDividend |
Oct 29, 2021 | $0.010 | OrdinaryDividend |
Sep 30, 2021 | $0.010 | OrdinaryDividend |
Aug 31, 2021 | $0.010 | OrdinaryDividend |
Jun 30, 2021 | $0.010 | OrdinaryDividend |
May 28, 2021 | $0.011 | OrdinaryDividend |
Apr 30, 2021 | $0.011 | OrdinaryDividend |
Mar 31, 2021 | $0.011 | OrdinaryDividend |
Feb 26, 2021 | $0.011 | OrdinaryDividend |
Jan 29, 2021 | $0.011 | OrdinaryDividend |
Dec 29, 2020 | $0.011 | OrdinaryDividend |
Nov 30, 2020 | $0.012 | OrdinaryDividend |
Oct 30, 2020 | $0.012 | OrdinaryDividend |
Sep 30, 2020 | $0.013 | OrdinaryDividend |
Aug 31, 2020 | $0.013 | OrdinaryDividend |
Jul 31, 2020 | $0.013 | OrdinaryDividend |
Jun 30, 2020 | $0.013 | OrdinaryDividend |
May 29, 2020 | $0.014 | OrdinaryDividend |
Apr 30, 2020 | $0.014 | OrdinaryDividend |
Mar 31, 2020 | $0.017 | OrdinaryDividend |
Feb 28, 2020 | $0.015 | OrdinaryDividend |
Jan 31, 2020 | $0.017 | OrdinaryDividend |
Dec 31, 2019 | $0.017 | OrdinaryDividend |
Dec 30, 2019 | $0.047 | CapitalGainShortTerm |
Dec 30, 2019 | $0.003 | CapitalGainLongTerm |
Nov 29, 2019 | $0.016 | OrdinaryDividend |
Oct 31, 2019 | $0.017 | OrdinaryDividend |
Sep 30, 2019 | $0.017 | OrdinaryDividend |
Aug 30, 2019 | $0.017 | OrdinaryDividend |
Jul 31, 2019 | $0.018 | OrdinaryDividend |
May 31, 2019 | $0.019 | OrdinaryDividend |
Apr 29, 2019 | $0.017 | OrdinaryDividend |
Mar 28, 2019 | $0.018 | OrdinaryDividend |
Feb 27, 2019 | $0.017 | OrdinaryDividend |
Jan 30, 2019 | $0.018 | OrdinaryDividend |
Dec 28, 2018 | $0.009 | CapitalGainLongTerm |
Dec 28, 2018 | $0.018 | OrdinaryDividend |
Nov 29, 2018 | $0.014 | OrdinaryDividend |
Oct 30, 2018 | $0.017 | OrdinaryDividend |
Aug 30, 2018 | $0.017 | OrdinaryDividend |
Jul 30, 2018 | $0.017 | OrdinaryDividend |
Jun 28, 2018 | $0.017 | OrdinaryDividend |
May 30, 2018 | $0.017 | OrdinaryDividend |
Apr 27, 2018 | $0.018 | OrdinaryDividend |
Mar 28, 2018 | $0.019 | OrdinaryDividend |
Feb 27, 2018 | $0.014 | OrdinaryDividend |
Jan 30, 2018 | $0.018 | OrdinaryDividend |
Dec 28, 2017 | $0.013 | CapitalGainShortTerm |
Dec 28, 2017 | $0.082 | CapitalGainLongTerm |
Dec 28, 2017 | $0.020 | OrdinaryDividend |
Nov 29, 2017 | $0.017 | OrdinaryDividend |
Oct 30, 2017 | $0.040 | OrdinaryDividend |
Sep 28, 2017 | $0.060 | OrdinaryDividend |
Aug 30, 2017 | $0.019 | OrdinaryDividend |
Jul 27, 2017 | $0.018 | OrdinaryDividend |
Jun 29, 2017 | $0.018 | OrdinaryDividend |
May 30, 2017 | $0.015 | OrdinaryDividend |
Apr 27, 2017 | $0.015 | OrdinaryDividend |
Mar 30, 2017 | $0.015 | OrdinaryDividend |
Feb 27, 2017 | $0.014 | OrdinaryDividend |
Jan 30, 2017 | $0.015 | OrdinaryDividend |
Dec 29, 2016 | $0.081 | CapitalGainShortTerm |
Dec 29, 2016 | $0.065 | CapitalGainLongTerm |
Dec 29, 2016 | $0.015 | OrdinaryDividend |
Nov 29, 2016 | $0.013 | OrdinaryDividend |
Oct 28, 2016 | $0.017 | OrdinaryDividend |
Sep 29, 2016 | $0.013 | OrdinaryDividend |
Aug 30, 2016 | $0.014 | OrdinaryDividend |
Jul 28, 2016 | $0.014 | OrdinaryDividend |
Jun 29, 2016 | $0.013 | OrdinaryDividend |
May 27, 2016 | $0.012 | OrdinaryDividend |
Apr 28, 2016 | $0.015 | OrdinaryDividend |
Mar 30, 2016 | $0.021 | OrdinaryDividend |
Feb 26, 2016 | $0.012 | OrdinaryDividend |
Jan 28, 2016 | $0.014 | OrdinaryDividend |
Dec 30, 2015 | $0.008 | CapitalGainShortTerm |
Dec 30, 2015 | $0.014 | CapitalGainLongTerm |
Dec 30, 2015 | $0.025 | OrdinaryDividend |
Nov 27, 2015 | $0.011 | OrdinaryDividend |
Oct 29, 2015 | $0.012 | OrdinaryDividend |
Sep 29, 2015 | $0.012 | OrdinaryDividend |
Aug 28, 2015 | $0.013 | OrdinaryDividend |
Jul 30, 2015 | $0.013 | OrdinaryDividend |
Jun 29, 2015 | $0.012 | OrdinaryDividend |
May 28, 2015 | $0.011 | OrdinaryDividend |
Apr 29, 2015 | $0.010 | OrdinaryDividend |
Mar 30, 2015 | $0.014 | OrdinaryDividend |
Feb 26, 2015 | $0.019 | OrdinaryDividend |
Jan 29, 2015 | $0.019 | OrdinaryDividend |
Dec 30, 2014 | $0.080 | CapitalGainShortTerm |
Dec 30, 2014 | $0.015 | OrdinaryDividend |
Nov 26, 2014 | $0.013 | OrdinaryDividend |
Oct 30, 2014 | $0.013 | OrdinaryDividend |
Sep 29, 2014 | $0.013 | OrdinaryDividend |
Aug 28, 2014 | $0.013 | OrdinaryDividend |
Jul 30, 2014 | $0.013 | OrdinaryDividend |
Jun 27, 2014 | $0.011 | OrdinaryDividend |
May 29, 2014 | $0.011 | OrdinaryDividend |
Apr 29, 2014 | $0.007 | OrdinaryDividend |
BBINX - Fund Manager Analysis
Managers
Gregory Steier
Start Date
Tenure
Tenure Rank
Apr 01, 2014
8.17
8.2%
Mr. Steier joined BBH in 1992 and became a Managing Director of the firm in 2006. Prior to his existing responsibilities, Mr. Steier managed taxable portfolios and traded corporate, mortgage, and asset-backed securities. Mr. Steier also served as a senior member of the fixed income quantitative research team with a focus on valuation work and performance attribution. In addition to his fixed income responsibilities, Mr. Steier serves on BBH's Asset-Liability and Asset Allocation Committees. Mr. Steier holds a BS in Accounting and an MBA in Finance from New York University’s Stern School of Business.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 35.05 | 7.36 | 1.58 |