BBNIX: BBH Income I

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BBNIX BBH Income I


Profile

BBNIX - Profile

Vitals

  • YTD Return 2.2%
  • 3 Yr Annualized Return N/A
  • 5 Yr Annualized Return N/A
  • Net Assets $441 M
  • Holdings in Top 10 36.3%

52 WEEK LOW AND HIGH

$10.47
$10.04
$10.73

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.52%

SALES FEES

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

BROKERAGE FEES

  • Turnover 77.00%

TRADING FEES

  • Max Redemption Fee 1.00%

Min Investment

  • Standard (Taxable) $25,000
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return 2.2%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 3.49%
DIVIDENDS
  • Dividend Yield 0.9%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    BBH Income Fund
  • Fund Family Name
    BBH
  • Inception Date
    Jun 27, 2018
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Andrew Hofer

Fund Description

The fund seeks to achieve its investment objective by investing in a well-diversified portfolio of fixed income instruments, including floating or variable rate debt instruments. The advisor intends to invest only in debt instruments which are performing, durable, and available at an attractive valuation.


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Categories

Performance

BBNIX - Performance

Return Ranking - Trailing

Period BBNIX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.2% -0.6% 4.2% 18.96%
1 Yr 3.9% -1.6% 14.6% 87.84%
3 Yr N/A* -4.8% 4.7% N/A
5 Yr N/A* -5.6% 23.1% N/A
10 Yr N/A* -5.1% 12.2% N/A

* Annualized

Return Ranking - Calendar

Period BBNIX Return Category Return Low Category Return High Rank in Category (%)
2019 2.6% -1.3% 13.9% 88.98%
2018 N/A -10.3% 2.7% N/A
2017 N/A -6.0% 8.1% N/A
2016 N/A -8.5% 192.8% N/A
2015 N/A -12.2% -0.4% N/A

Total Return Ranking - Trailing

Period BBNIX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.2% -0.6% 4.2% 18.96%
1 Yr 3.9% -1.6% 14.6% 87.84%
3 Yr N/A* -4.8% 4.7% N/A
5 Yr N/A* -5.6% 27.2% N/A
10 Yr N/A* -5.1% 16.8% N/A

* Annualized

Total Return Ranking - Calendar

Period BBNIX Return Category Return Low Category Return High Rank in Category (%)
2019 2.6% -1.2% 13.9% 89.76%
2018 N/A -10.3% 3.9% N/A
2017 N/A -6.0% 8.4% N/A
2016 N/A -5.7% 204.3% N/A
2015 N/A -12.2% 3.7% N/A

NAV & Total Return History


Holdings

BBNIX - Holdings

Concentration Analysis

BBNIX Category Low Category High BBNIX % Rank
Net Assets 441 M 3.04 M 68.2 B 58.82%
Number of Holdings 217 6 7702 75.38%
Net Assets in Top 10 195 M -1.02 B 29.9 B 46.59%
Weighting of Top 10 36.29% 6.0% 99.8% 40.16%

Top 10 Holdings

  1. United States Treasury Notes 2% 10.79%
  2. 5 Year Treasury Note Future Mar20 6.18%
  3. US Treasury Bond Future Mar20 4.06%
  4. Future Contract On Us Ultra Bond Cbt Mar20 3.79%
  5. United States Treasury Notes 1.25% 2.56%
  6. 10 Year Treasury Note Future Mar20 2.03%
  7. 2 Year Treasury Note Future Mar20 1.97%
  8. United States Treasury Notes 0.88% 1.70%
  9. United States Treasury Bonds 3.88% 1.69%
  10. United States Treasury Bonds 2.25% 1.52%

Asset Allocation

Weighting Return Low Return High BBNIX % Rank
Bonds
96.55% 58.17% 207.98% 45.66%
Cash
2.46% -111.95% 36.46% 58.33%
Convertible Bonds
0.99% 0.00% 6.52% 43.56%
Stocks
0.00% -1.45% 15.11% 91.32%
Preferred Stocks
0.00% 0.00% 2.42% 96.59%
Other
0.00% -28.19% 7.51% 85.98%

Bond Sector Breakdown

Weighting Return Low Return High BBNIX % Rank
Government
38.46% 0.00% 86.04% 20.45%
Corporate
38.26% 0.00% 87.55% 18.18%
Securitized
20.82% 0.00% 94.05% 85.61%
Cash & Equivalents
2.46% -28.66% 39.23% 74.24%
Derivative
0.00% -0.04% 18.24% 94.70%
Municipal
0.00% 0.00% 25.21% 98.11%

Bond Geographic Breakdown

Weighting Return Low Return High BBNIX % Rank
US
86.14% 52.11% 224.14% 48.86%
Non US
10.41% -165.97% 99.10% 44.70%

Expenses

BBNIX - Expenses

Operational Fees

BBNIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.52% 0.02% 37.25% 86.72%
Management Fee 0.40% 0.00% 0.96% 54.78%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.03% 0.50% N/A

Sales Fees

BBNIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.50% 5.50% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

BBNIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 1.00% 0.75% 2.00% 85.71%

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.

BBNIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 77.00% 7.12% 684.00% 44.28%

Distributions

BBNIX - Distributions

Dividend Yield Analysis

BBNIX Category Low Category High BBNIX % Rank
Dividend Yield 0.89% 0.00% 3.93% 15.75%

Dividend Distribution Analysis

BBNIX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Quarterly

Net Income Ratio Analysis

BBNIX Category Low Category High BBNIX % Rank
Net Income Ratio 3.49% -0.35% 8.52% 14.01%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

BBNIX - Fund Manager Analysis

Managers

Andrew Hofer


Start Date

Tenure

Tenure Rank

Jun 25, 2018

1.6

1.6%

Mr. Hofer is Head of Taxable Fixed Income for BBH. Mr. Hofer joined BBH in 1988 and spent his first 10 years as both a generalist banker and then as a financial institutions specialist. He joined Investment Management in 1998 as Head of Insurance Asset Management, and from 2003-2006 was Investment Management's Chief Operating Officer and Head of Risk Management. Mr. Hofer earned a BA in East Asian studies from Yale, and an MIA (Master of International Affairs) from Columbia University. He is also the Chairman of Learning Ally, a not-for-profit provider and advocate of accessible learning materials.

Neil Hohmann


Start Date

Tenure

Tenure Rank

Jun 25, 2018

1.6

1.6%

Mr. Hohmann has directed BBH’s structured products strategy and credit research since 2007. He is also involved in the management of BBH’s fixed income positions in financial companies. Prior to joining Brown Brothers in 2006, Mr. Hohmann was a director of structured products at Munich Re for four years and prior to that, a director of research in capital markets at Swiss Re. Mr. Hohmann graduated Magna Cum Laude with Distinction from Yale University and earned his PhD in Economics from the University of Chicago.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.05 27.1 5.93 5.35