NEW YORK, June 27, 2018 /PRNewswire/ -- Today, Brown Brothers Harriman & Co. (BBH) launched the BBH Income Fund (the Fund) (ticker: BBNIX). The open end mutual Fund will be co-managed by Andrew Hofer and Neil Hohmann.
The BBH Income Fund seeks to provide maximum total return with an emphasis on current income, consistent with the preservation of capital and prudent investment management. The Fund seeks to achieve its investment objective by investing in a well-diversified portfolio of fixed income instruments, using a value-oriented approach.
"The Income Fund complements our mutual fund offerings by providing fund investors with access to our investment capabilities and fixed income markets proficiency which were previously only accessible through separately managed accounts," said Neil Hohmann. "We are excited to launch a mutual fund that takes advantage of our ability to find value across a broad range of fixed income instruments and maturities, and offer investors another opportunity to access our disciplined fixed income approach."
The Fund's investments will be primarily focused in notes and bonds issued by domestic and foreign corporations, financial institutions, the U.S. Government, government agencies and government guaranteed issuers, asset-backed securities (ABS), commercial mortgage-backed securities (CMBS), residential mortgage-backed securities (RMBS), and loan transactions.
The Fund will invest without limitations on the range of maturities of the debt securities it purchases and may hold securities with short-, medium- or long-term maturities. Under normal market conditions, the Fund is expected to achieve a duration (sensitivity to changes in yields) between 80% and 120% of the broad investment grade market, as represented by the Bloomberg Barclay's US Aggregate Index.
BBH's Fixed Income business manages diversified taxable fixed income, credit only, municipal and inflation-protected mandates across a range of maturities. The firm's Fixed Income strategies include: Core, Intermediate Duration, Limited Duration, Structured Fixed Income, Credit Value, Municipals, and TIPS. As of May 31, 2018, BBH managed approximately $35 billion in fixed income assets and $64 billion in total assets.
The BBH Income Fund team, led by co-managers Andrew Hofer and Neil Hohmann, is supported by a professional team of credit analysts, quantitative analysts, and traders with an average of more than 15 years of investment experience. Andrew Hofer is the Head of Taxable Portfolio Management for BBH taxable fixed income strategies and a Managing Director of BBH & Co. Neil Hohmann is the Head of Structured Fixed Income, a portfolio manager for BBH Investment Management, and a Managing Director of BBH & Co.
For more information about the Fund, please visit www.bbhfunds.com.
About Brown Brothers Harriman
BBH is a privately held financial institution that has been a thought leader and solutions provider for 200 years. The firm operates three primary businesses: Investment Management, Private Banking and Investor Services. BBH's culture of accountability fosters deep and lasting relationships built on commitment, adaptability and trust. The company is independent, selective and specialized by design.
BBH, a New York limited partnership, was founded in 1818 and provides investment advice to registered mutual funds through a separately identifiable department (the "SID"). The SID is registered with the U.S. Securities and Exchange Commission under the Investment Advisers Act of 1940, as amended. BBH acts as the Fund Administrator and is located at 140 Broadway, New York, NY 10005.
Shares of the Fund are distributed by ALPS Distributors, Inc. and is located at 1290 Broadway, Suite 1100, Denver, CO 80203.
The value of some bonds including asset-backed and mortgage-backed securities may be sensitive to changes in prevailing interest rates that can cause a decline in their prices. Mortgage related securities are subject to prepayment and extension risk. Derivative instruments entail potentially higher volatility and risk of loss compared to traditional stock or bond investments.
Investing in the bond market is subject to certain risks including market, interest-rate, issuer, credit, and inflation risk; investments may be worth more or less than the original cost when redeemed.
The fund has limited operating history and there is no guarantee that any strategy will be successful.
For more complete information, visit www.bbhfunds.com for a prospectus. You should consider the fund's investment objectives, risks, charges and expenses carefully before you invest. Information about these and other important subjects is in the fund's prospectus, which you should read carefully before investing.
NOT FDIC INSURED NO BANK GUARANTEE MAY LOSE VALUE
IM-05202-2018-06-20 BBH002269 Expiration Date 11/30/2019
SOURCE Brown Brothers Harriman