BBIIX: BBH Intermediate Municipal Bond I

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BBIIX BBH Intermediate Municipal Bond I


Profile

BBIIX - Profile

Vitals

  • YTD Return 0.8%
  • 3 Yr Annualized Return 1.2%
  • 5 Yr Annualized Return 1.2%
  • Net Assets $552 M
  • Holdings in Top 10 15.3%

52 WEEK LOW AND HIGH

$10.81
$9.86
$11.02

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.50%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 104.00%

TRADING FEES

  • Max Redemption Fee 1.00%

Min Investment

  • Standard (Taxable) $50,000
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return 0.8%
  • 3 Yr Annualized Total Return 3.1%
  • 5 Yr Annualized Total Return 3.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.17%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    BBH Intermediate Municipal Bond Fund
  • Fund Family Name
    BBH
  • Inception Date
    Apr 01, 2014
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Gregory Steier

Fund Description

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 (except that the interest paid by certain municipal securities may be includable in taxable income for purposes of the federal alternative minimum tax).


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Categories

Performance

BBIIX - Performance

Return Ranking - Trailing

Period BBIIX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.8% -31.4% 945.6% 42.43%
1 Yr 2.0% -25.1% 973.3% 45.75%
3 Yr 1.2%* -10.3% 120.3% 28.79%
5 Yr 1.2%* -5.3% 60.2% 8.52%
10 Yr N/A* -5.1% 3.6% 13.25%

* Annualized

Return Ranking - Calendar

Period BBIIX Return Category Return Low Category Return High Rank in Category (%)
2019 3.9% -1.7% 18.3% 53.17%
2018 -0.4% -12.4% 0.8% 5.09%
2017 2.4% -6.0% 20.3% 15.52%
2016 -2.0% -7.8% 8.6% 62.96%
2015 0.7% -18.3% 3.0% 2.44%

Total Return Ranking - Trailing

Period BBIIX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.8% -31.4% 945.6% 42.43%
1 Yr 2.0% -25.1% 973.3% 45.82%
3 Yr 3.1%* -7.5% 120.3% 6.73%
5 Yr 3.4%* -5.3% 60.2% 1.33%
10 Yr N/A* -5.1% 6.8% 10.59%

* Annualized

Total Return Ranking - Calendar

Period BBIIX Return Category Return Low Category Return High Rank in Category (%)
2019 4.2% -1.7% 18.3% 47.92%
2018 1.7% -11.7% 3.1% 0.69%
2017 6.2% -6.0% 27.0% 1.57%
2016 1.2% -7.8% 10.7% 25.33%
2015 2.7% -14.2% 4.2% 0.78%

NAV & Total Return History


Holdings

BBIIX - Holdings

Concentration Analysis

BBIIX Category Low Category High BBIIX % Rank
Net Assets 552 M 634 K 264 B 51.06%
Number of Holdings 251 1 17920 55.96%
Net Assets in Top 10 74.5 M -587 M 20.8 B 58.60%
Weighting of Top 10 15.31% 2.3% 100.0% 69.20%

Top 10 Holdings

  1. MARYLAND ST 5% 2.43%
  2. MINNESOTA ST HSG FIN AGY HOMEOWNERSHIP FIN 2.47% 1.63%
  3. VIRGINIA COLLEGE BLDG AUTH VA EDL FACS REV PUB HIGHER ED FING PROG 5% 1.55%
  4. TEXAS ST DEPT OF HSG & CMNTY AFFAIRS SINGLE FAMILY REV 2.84% 1.52%
  5. STATE PUB SCH BLDG AUTH PA LEASE REV 5% 1.51%
  6. NORTHERN CALIF GAS AUTH NO 1 GAS PROJ REV 1.68% 1.41%
  7. GEISINGER AUTH PA HEALTH SYS REV 1.4% 1.38%
  8. DETROIT MICH CITY SCH DIST 6% 1.36%
  9. DISTRICT COLUMBIA INCOME TAX REV 5% 1.33%
  10. VIRGINIA COMWLTH TRANSN BRD TRANSN REV 5% 1.19%

Asset Allocation

Weighting Return Low Return High BBIIX % Rank
Bonds
99.77% 71.08% 159.74% 18.79%
Cash
0.23% -59.74% 27.48% 77.33%
Stocks
0.00% -0.38% 18.10% 69.61%
Preferred Stocks
0.00% 0.00% 9.11% 73.34%
Other
0.00% -27.60% 31.83% 67.95%
Convertible Bonds
0.00% 0.00% 7.31% 83.78%

Bond Sector Breakdown

Weighting Return Low Return High BBIIX % Rank
Municipal
99.77% 0.00% 100.11% 11.78%
Cash & Equivalents
0.23% -26.49% 24.02% 85.93%
Derivative
0.00% -0.83% 31.72% 71.83%
Securitized
0.00% 0.00% 98.72% 85.23%
Corporate
0.00% 0.00% 99.41% 88.47%
Government
0.00% -2.21% 100.00% 86.50%

Bond Geographic Breakdown

Weighting Return Low Return High BBIIX % Rank
US
99.77% 58.40% 156.78% 10.23%
Non US
0.00% -38.91% 29.50% 93.86%

Expenses

BBIIX - Expenses

Operational Fees

BBIIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.50% 0.01% 34.57% 80.15%
Management Fee 0.40% 0.00% 1.25% 56.91%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.50% N/A

Sales Fees

BBIIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 5.75% N/A
Deferred Load N/A 0.25% 5.50% N/A

Trading Fees

BBIIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 1.00% 0.50% 2.00% 90.20%

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.

BBIIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 104.00% 0.00% 489.00% 77.40%

Distributions

BBIIX - Distributions

Dividend Yield Analysis

BBIIX Category Low Category High BBIIX % Rank
Dividend Yield 0.00% 0.00% 6.20% 75.49%

Dividend Distribution Analysis

BBIIX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Monthly

Net Income Ratio Analysis

BBIIX Category Low Category High BBIIX % Rank
Net Income Ratio 2.17% -0.71% 6.02% 71.91%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

BBIIX - Fund Manager Analysis

Managers

Gregory Steier


Start Date

Tenure

Tenure Rank

Apr 01, 2014

6.08

6.1%

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 33.44 7.42 0.33