BBH Short Duration

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Overview

The objective of the BBH Luxembourg Funds - BBH Short Duration Fund (the "Fund") is to provide investors with maximum total return, consistent with preservation of capital and prudent investment management. 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 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 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.

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.
Jeff Adams Managing Director and Credit Trader

Fund Facts

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  • Limited Duration
    Category
  • 31/01/2013
    Inception Date
  • LU0643341745
    ISIN
  • L0770L140
    CUSIP
  • $564,110,571
    Fund Assets as of date 15/09/2025
  • $564,110,571
    Share Class Assets as of date 15/09/2025
  • 0.50%
    Ongoing Charges
  • Bloomberg Capital U.S. 1-3 Year Treasury Bond Index
    Benchmark
  • $1,000,000
    Minimium Initial Investment

Investment Team

  • Andrew Hofer

    Andrew Hofer

    Principal, Head of Taxable Fixed Income, Portfolio Manager
    New York City, NY | USA
  • Neil Hohman

    Neil Hohmann

    Partner, Portfolio Manager, Head of Credit Alternatives
    New York City, NY | USA
  • Paul Kunz

    Paul Kunz

    Principal, Head of Corporate Credit, Portfolio Manager
    New York City, NY | USA

Latest Fund Insights

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

 

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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
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/Close
BBH Short Duration Fund
Limited Duration
Class A
LU0643341745
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  • Class A | LU0643341745
    BBH Short Duration Fund
    Fact Sheet
    Subscription Information
    Prospectus -English

Key Information Documents (KIDs)

Class A

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
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
1 Mo.
3 Mo.
YTD
1 Yr.
3 Yr.
5 Yr.
10 Yr.
Since Inception
Performance Inception
Ongoing Charges
Expand
/Close
BBH Short Duration Fund
Limited Duration
Class A
LU0643341745
6.15% 7.20% -1.46% 1.30% 3.18% 4.09% 1.72% 1.99% 2.50% -0.58% 0.43% 0.99% 6.15% 6.15% 3.89% 3.22% 2.58% 2.36% 31/01/2013 0.50%
Bloomberg Capital U.S. 1-3 Year Treasury Bond Index
4.03% 4.29% -3.82% -0.60% 3.16% 3.59% 1.56% 0.42% 0.86% 0.56% 0.22% -0.10% 4.03% 4.03% 1.43% 1.36% 1.38% 1.24%
  • Class A | LU0643341745
    BBH Short Duration Fund
    31/01/2013
    0.43%
    1 Mo.
    0.99%
    3 Mo.
    6.15%
    YTD
    0.50%
    Ongoing Charges %
  • Bloomberg Capital U.S. 1-3 Year Treasury Bond Index
    0.22%
    1 Mo.
    -0.10%
    3 Mo.
    4.03%
    YTD
    Ongoing Charges %

Returns of less than a year are not annualized.

While the Prospectus indicates an ability by the Investment Manager or Principal Distributor to charge a maximum of 3% of the subscription price upon entry / 1% of the total redemption proceeds, we have not and do not plan to impose this charge. 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.

Adverse exchange rate fluctuations may result in a decrease in return or a loss for shareholders.

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.

The fund is an Article 6 SFRD fund.

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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