*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.

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 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% until March 1, 2022. 

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 May 24, 2022. Total Annual Operating Expense are based on estimated amounts for the current fiscal year.

The Investment Advisor has contractually agreed to limit the Total Annual Fund Operating for the BBH Limited Duration Fund Class N to 0.35%, until March 1, 2022.

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 0.50% until March 1, 2022.

The Investment Adviser 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 0.50%, respectively, until March 1, 2022.

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 has voluntarily agreed to waive fees and/or reimburse expenses in order to maintain the minimum annual yield of the Fund at 0.01%. This is a voluntary waiver that can be changed at any time at the sole discretion of the Investment Adviser.

Effective 12/22/2020, the Investment Adviser to the BBH Partner Fund – Select Short Term Assets fund has voluntarily agreed to waive fees and/or reimburse expenses for the Fund in order limit Total Annual Fund Operating Expenses to 0.30%. Total Annual Operating Expense are based on estimated amounts for the current fiscal year.

Total Annual Operating Expense for the BBH Partner Fund – Small Cap Equity are based on estimated amounts for the current fiscal year.

The BBH Limited Duration Fund Class I shares commenced operations on December 3, 2002. Prior to Class I's inception date, the performance of the Class N shares and the BBH Broad Market Fixed Income Portfolio were adjusted to reflect all charges, expenses and fees of the Class I shares as permitted by applicable SEC staff interpretations. From December 22, 2000 to December 2, 2002 the adjusted performance of the Class N shares was used. The adjusted performance of the BBH Broad Market Fixed Income Portfolio was used from its inception date of July 20, 2000 to December 22, 2000.

The BBH Limited Duration Fund Class N shares commenced operations on December 22, 2000. Prior to Class N's inception date, the performance of the BBH Broad Market Fixed Income Portfolio was adjusted to reflect all charges, expenses and fees of the Class N shares as permitted by applicable SEC staff interpretations. The inception date for the BBH Broad Market Fixed Income Portfolio was July 20, 2000.

BBH Partner Fund – International Equity Fund Class I shares 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, as permitted by applicable SEC staff interpretations.

You could lose money by investing in the BBH U.S. Government Money Market Fund (Fund). Although the Fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. An investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Fund's sponsor has no legal obligation to provide financial support to the Fund, and you should not expect that the sponsor will provide financial support to the Fund at any time.

Shares of the Funds are distributed by ALPS Distributors, Inc.

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, you can find a current prospectus for each fund in the documents table above. 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.

The information on this website in no way constitutes an offer of Fund shares.

Shares of the funds have not been registered for sale outside the U.S. The funds generally do not sell shares to investors residing outside the U.S., even if they are U.S. citizens or lawful permanent residents, except to investors with U.S. military APO or FPO addresses. Brown Brothers Harriman & Co. sponsors UCITS Funds registered in the Grand Duchy of Luxembourg. These funds are available in certain jurisdictions. For more information please visit www.bbhluxembourgfunds.com.

NOT FDIC INSURED ● NO BANK GUARANTEE ● MAY LOSE VALUE