About BBH Fixed Income Funds

Our value proposition is to grow and preserve investors’ capital by opportunistically managing credit exposure, and by investing in durable creditsX
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.

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Yield

The income return on an investment. This refers to the interest or dividends received from a security and is usually expressed annually as a percentage based on the investment's cost, its current market value or its face value.

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Our approach is grounded in three key insights:

1. Credit valuations offer compensation well in excess of historic default-driven losses.

2. Credit spreads are often more volatile than underlying fundamentals, providing a fertile environment for active management.

3. Understanding the durability of a credit before economic challenges arise allows for disciplined decision making throughout cycles.