BBH Short Duration

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Overview

BBH Luxembourg Funds - BBH Short Duration Fund (the "Fund") is designed for interest rate sensitive investors seeking broad exposure to the fixed income markets with a portfolio duration of less than three years. The Fund seeks to provide maximum total return, consistent with preservation of capital and prudent investment management.

The adviser’s active management approach seeks to build a low duration, taxable bond portfolio bottom-up allowing valuation to drive our portfolio construction. We only invest in creditsClose
Credits

Obligations such as bonds, notes, loans, leases, and other forms of indebtedness, except for cash and cash equivalents, issued by obligors other than the US Government and its agencies, totaled at the level of the ultimate obligor or guarantor of the obligation.

See More Definitions
we believe to be durable, well-managed, appropriately structured, and that can be comprehensively researched and understood.

We seek excess return over time, not relative value across today’s opportunity set.



Fund Facts

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  • 31/01/2013
    Inception Date
  • LU0643341745
    ISIN
  • L0770L140
    CUSIP
  • $643,865,613
    Fund Assets as of date 27/03/2024
  • $643,865,613
    Share Class Assets as of date 27/03/2024
  • 0.50%
    Ongoing Charges
  • Bloomberg Capital U.S. 1-3 Year Treasury Bond Index
    Benchmark
  • $1,000,000
    Minimium Initial Investment

Investment Team

Latest Fund Insights

Portfolio Managers Andrew Hofer and Neil Hohmann discuss how the BBH Short Duration Fund performed over the most recent quarter-end.

 

Fund Documents

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Listing of available PDF Fund Documents, Investment Commentary and Fund Reports for Fund Short Duration.
Fund Documents Fund Reports
Name
Share Class / ISIN
Fact Sheet (Quarterly)
Fact Sheet (Monthly)
Subscription Information
Prospectus - English
Prospectus - German
Annual Report
Semi-Annual Report
Holdings
Expand
/Close
Limited Duration
Class A
LU0643341745
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  • Class A | LU0643341745
    BBH Short Duration Fund
    Fact Sheet
    Subscription Information
    Prospectus -English

Performance

Past performance does not predict future results.

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Table containing the most recent month-end, quarter-end and year-end performance returns for Short Duration.
Annual Returns Total Returns Average Annual Total Returns
Name
Share Class / ISIN
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
1 Mo.
3 Mo.
YTD
1 Yr.
3 Yr.
5 Yr.
10 Yr.
Since Inception
Performance Inception
Ongoing Charges
Expand
/Close
Limited Duration
Class A
LU0643341745
7.20% -1.46% 1.30% 3.18% 4.09% 1.72% 1.99% 2.50% -0.58% 1.28% 1.03% 2.59% 7.20% 7.20% 2.28% 2.82% 2.10% 2.02% 31/01/2013 0.50%
Bloomberg Capital U.S. 1-3 Year Treasury Bond Index
4.29% -3.82% -0.60% 3.16% 3.59% 1.56% 0.42% 0.86% 0.56% 0.63% 1.16% 2.56% 4.29% 4.29% -0.10% 1.28% 1.04% 0.99%
  • Class A | LU0643341745
    BBH Short Duration Fund
    31/01/2013
    1.03%
    1 Mo.
    2.59%
    3 Mo.
    7.20%
    YTD
    0.50%
    Ongoing Charges %
  • Bloomberg Capital U.S. 1-3 Year Treasury Bond Index
    1.16%
    1 Mo.
    2.56%
    3 Mo.
    4.29%
    YTD
    Ongoing Charges %

Returns of less than a year are not annualized.

The past performance excludes the entry and exit charges. This figure may vary from year to year. It excludes portfolio transaction costs. The entry charge is 3% of the initial price or subscription price. Fund shares redeemed within 30 days of purchase may be subject to an exit charge of 1%. The entry and exit charges shown are maximum figures. In some cases, you may pay less. Past performance has been calculated in USD. Performance can be increased or reduced as a result of currency fluctuations. Annual returns are based on complete year figures.

Class I and A are accumulating Classes of Shares and, as such, have no distributions.  Any income will automatically be included in the value of your investment.

The Bloomberg U.S. 1-3 Year Treasury Bond Index is provided for comparison purposes.

The Bloomberg Capital U.S. 1-3 Year Treasury Bond Index is an unmanaged index of fixed rate obligations of the U.S. Treasury with maturities ranging from 1 to 3 years. The Fund does not measure its performance success nor alter its construction in relation to any particular benchmark or index.  The composition of the Index is materially different than the Fund's holdings. The index is not available for direct investment.

“Bloomberg®” and the Bloomberg Capital U.S. 1-3 Year Treasury Bond Index are service marks of Bloomberg Finance L.P. and its affiliates, including Bloomberg Index Services Limited (“BISL”), the administrator of the index (collectively, “Bloomberg”) and have been licensed for use for certain purposes by Brown Brothers Harriman & Co (BBH). Bloomberg is not affiliated with BBH, and Bloomberg does not approve, endorse, review, or recommend the BBH Luxembourg Funds - BBH Short Duration Fund. Bloomberg does not guarantee the timeliness, accurateness, or completeness of any data or information relating to the fund.

Quality ratings reflect the credit quality of the underlying issues in the Fund portfolio and not of the Fund itself. Credit Quality letter ratings are provided by Standard and Poor's, Moody's and Fitch and are presented as the higher of the three ratings. When a security is not rated by Standard & Poor's, Moody's or Fitch, the highest credit ratings from DBRS and Kroll may be used. Issues with credit ratings of BBB or better are considered to be investment grade, with adequate capacity to meet financial commitments. Issues with credit ratings below BBB are considered speculative in nature and are vulnerable to the possibility of issuer failure or business interruption.

Class I shares commenced operatons on 25 March 2009. Prior to 28 June 2011, the BBH Luxembourg Funds (the "Company") was subject to the Luxembourg Law dated 13 February 2007 relating to specialized investment funds ("SIF"), as amended. As a result, past performance is based on the preexisting sub-funds of the Company operating as SIFs. Note that performance information for the period in refernce may not be representative of the Fund's current structure under the UCITS regime.

Holdings & Composition

Portfolio holdings and characteristics are subject to change.
An investment is in shares of the fund and not in any underlying investment owned by the Fund.

Risk Considerations
Investors in the Fund should be able to withstand short-term fluctuations in the fixed income markets in return for potentially higher returns over the long term. The value of portfolios changes every day and can be affected by changes in interest rates, general market conditions and other political, social and economic developments.
Investing in the bond market is subject to certain risks including market, interest-rate, issuer, credit, maturity, call and inflation risk; investments may be worth more or less than the original cost when redeemed. Bond prices are sensitive to changes in interest rates and a rise in interest rates can cause a decline in their prices.
Asset-Backed Securities ("ABS") are subject to risks due to defaults by the borrowers; failure of the issuer or servicer to perform; the variability in cash flows due to amortization or acceleration features; changes in interest rates which may influence the prepayments of the underlying securities; misrepresentation of asset quality, value or inadequate controls over disbursements and receipts; and the ABS being structured in ways that give certain investors less credit risk protection than others.
The Fund also invests in derivative instruments, investments whose values depend on the performance of the underlying security, assets, interest rate, index or currency and entail potentially higher volatility and risk of loss compared to traditional stock or bond investments.
Non-U.S. investing involves special risks including currency risk, increased volatility, political risks, and differences in auditing and other financial standards.
Illiquid investments subject the Fund to the risk that it may not be able to sell the investments when desired or at favorable prices.
There is no assurance the Fund will achieve its investment objectives.
Complete information on the Fund's risks and expenses can be found in the prospectus.
The decision to invest in the fund should take into account all the characteristics or objectives of the fund as described in its prospectus.  A less favorable ESG profile may not preclude the Adviser from investing in a credit, as the consideration of ESG factors is not more influential than the consideration of other investment criteria. Considering ESG factors as part of investment decisions may result in the Fund forgoing otherwise attractive opportunities, which may result in lower performance when compared to funds that do not consider ESG factors.
This is a marketing communication. Please refer to the prospectus of the fund and to the KIID before making any final investment decisions.

This is marketing communication.

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You are required to read the following important information, which, in conjunction with the Terms and Conditions, governs your use of this website. Your use of this website and its contents constitute your acceptance of this information and those Terms and Conditions. If you do not agree with this information and the Terms and Conditions, you should immediately cease use of this website. The contents of this website have not been prepared for the benefit of investors outside of the United States. This website is not intended as a solicitation of the purchase or sale of any security or other financial instrument or any investment management services for any investor who resides in a jurisdiction other than the United States1. As a general matter, Brown Brothers Harriman & Co. and its subsidiaries (“BBH”) is not licensed or registered to solicit prospective investors and offer investment advisory services in jurisdictions outside of the United States. The information on this website is not intended to be distributed to, directed at or used by any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation. Persons in respect of whom such prohibitions apply must not access the website.  Under certain circumstances, BBH may provide services to investors located outside of the United States in accordance with applicable law. The conditions under which such services may be provided will be analyzed on a case-by-case basis by BBH. BBH will only accept investors from such jurisdictions or countries where it has made a determination that such an arrangement or relationship is permissible under the laws of that jurisdiction or country. The existence of this website is not intended to be a substitute for the type of analysis described above and is not intended as a solicitation of or recommendation to any prospective investor, including those located outside of the United States. Certain BBH products or services may not be available in certain jurisdictions. By choosing to access this website from any location other than the United States, you accept full responsibility for compliance with all local laws. The website contains content that has been obtained from sources that BBH believes to be reliable as of the date presented; however, BBH cannot guarantee the accuracy of such content, assure its completeness, or warrant that such information will not be changed. The content contained herein is current as of the date of issuance and is subject to change without notice. The website’s content does not constitute investment advice and should not be used as the basis for any investment decision. There is no guarantee that any investment objectives, expectations, targets described in this website or the  performance or profitability of any investment will be achieved. You understand that investing in securities and other financial instruments involves risks that may affect the value of the securities and may result in losses, including the potential loss of the principal invested, and you assume and are able to bear all such risks.  In no event shall BBH or any other affiliated party be liable for any direct, incidental, special, consequential, indirect, lost profits, loss of business or data, or punitive damages arising out of your use of this website. By clicking accept, you confirm that you accept  to the above Important Information along with Terms and Conditions.

 
1BBH sponsors UCITS Funds registered in Luxembourg, in certain jurisdictions. For information on those funds, please see bbhluxembourgfunds.com


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Contact Us

Luxembourg: BBH Luxembourg Funds
6, route de Treves
L-2633 Senningerberg
Grand Duchy of Luxembourg
Tel. 1-800-625-5759 or +352 46 26 85 633
Fax Number: +352 22 74 43
Email:
TA.IS.Dealing@jpmorgan.com
TA.IS.Cash@jpmorgan.com
TA.IS.Registration@jpmorgan.com

 



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In these Terms, references to "you" and "your" are references to any person using or accessing (or attempting to use or access) this Website.

1. About BBH Luxembourg Funds: BBH Luxembourg Funds (the "Company") is a Luxembourg-registered socit d'investissement capital variable (SICAV) - undertaking for collective investment in transferrable securities organised under Part I of the Luxembourg Law of 17th December 2010 and regulated by the Commission de Surveillance du Secteur Financier (the "CSSF"), the Luxembourg financial services authority. The SICAV designated FundRock Management Company S.A. to serve as its designated management company in accordance with Chapter 15 of the Luxembourg Law of 17th December 2010; FundRock Management Company S.A. was incorporated on 10 November 2004 for an unlimited duration under the laws of Luxembourg and registered on the official list of Luxembourg management companies.

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The value of investments and the income from them can go down as well as up and investors may not get back the amount originally invested and may lose all of their investment. The value of investments in the Funds may be affected by the price of underlying investments. Exchange rate changes may cause the value of overseas investments to rise or fall.

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Germany : Dejan Djurdjevi
Societe Generale
Tel.: +49 (0) 69 7174 497
Email : dejan.djurdjevic@sgss.socgen.com

United Kingdom : Societe Generale 
London Branch
One Bank Street; Canary Wharf, London E14 4SG

Luxembourg: BBH Luxembourg Funds
6, route de Treves
L-2633 Senningerberg
Grand Duchy of Luxembourg
Tel. 1-800-625-5759 or +352 46 26 85 633
Fax Number: +352 22 74 43
Email:
TA.IS.Dealing@jpmorgan.com
TA.IS.Cash@jpmorgan.com
TA.IS.Registration@jpmorgan.com

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19. Applicable Law: These Terms and any non-contractual obligations arising from or connected with them shall be governed by, and these Terms shall be construed in accordance with, the laws of Luxembourg.

20. Jurisdiction: You agree that the Luxembourg courts shall have exclusive jurisdiction in relation to any legal action or proceedings arising out of or in connection with these Terms (whether arising out of or in connection with contractual or non-contractual obligations) ("Proceedings") and waive any objection to Proceedings in such courts on the grounds of venue or on the grounds that Proceedings have been brought in an inappropriate forum. You further agree that this paragraph operates for the benefit of the Company and accordingly the Company shall be entitled to take Proceedings in any other court or courts having jurisdiction.

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