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BBH Select Series - Large Cap Fund
mutual fund
BBLIX
Payout Change
Pending
Price as of:
$15.61
+0.14
+0.9%
primary theme
U.S. Large-Cap Growth Equity
share class
BBLIX (Mutual Fund)
BBH Select Series - Large Cap Fund
Payout Change
Pending
Price as of:
$15.61
+0.14
+0.9%
primary theme
U.S. Large-Cap Growth Equity
share class
BBLIX (Mutual Fund)
BBH Select Series - Large Cap Fund
Payout Change
Pending
Price as of:
$15.61
+0.14
+0.9%
primary theme
U.S. Large-Cap Growth Equity
share class
Name
As of 12/20/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
17.1%
1 yr return
17.5%
3 Yr Avg Return
5.8%
5 Yr Avg Return
10.5%
Net Assets
$425 M
Holdings in Top 10
53.8%
52 WEEK LOW AND HIGH
$15.5
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.72%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 18.00%
Redemption Fee 2.00%
Min Investment
Standard (Taxable)
$10,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/20/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
BBLIX - Profile
Distributions
- YTD Total Return 17.1%
- 3 Yr Annualized Total Return 5.8%
- 5 Yr Annualized Total Return 10.5%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio -0.06%
- Dividend Yield 0.3%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameBBH Select Series - Large Cap Fund
-
Fund Family NameBBH TRUST
-
Inception DateSep 09, 2019
-
Shares OutstandingN/A
-
Share ClassI
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerMichael Keller
Fund Description
Under normal circumstances, the Fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in large capitalization publicly traded equity securities, consisting primarily of common stock. Commonly referred to as large cap stocks, such securities will be issued by domestic and non-U.S. issuers both directly and in the form of certificates issued by U.S. bank that represent shares of non-U.S. stock, called depositary receipts. The Fund may invest in sponsored and unsponsored depositary receipts, consisting of American Depositary Receipts (“ADRs”). The Fund primarily seeks to buy common stock and may also invest in preferred stock. The Investment Adviser considers large cap securities to be securities that at the time of purchase have a market capitalization within the range of companies included in the S&P 500 Index. As of January 31, 2024, the market capitalization range of companies included in the S&P 500 Index was $14.27 million to $2.95 trillion.
The Fund’s strategy is based on fundamental business analysis and a long-term orientation. The Investment Adviser selects companies based on their qualitative merits, competitive profile and prospective value creation potential. As part of the Fund’s investment process, the Investment Adviser considers environmental, social and governance (“ESG”) factors for equity investments in the portfolio. ESG factors include, but are not limited to, the environmental and social risks of the issuer, as well as the issuer’s instituted governance programs. The Fund follows a “buy and own” approach that does not make use of short-term trades in pursuit of small gains. The Investment Adviser believes that its long-term orientation can benefit the Fund’s net performance results. Investments may be sold if they appreciate to levels at or near the higher end of the Investment Adviser’s estimated ranges of intrinsic value.
The Fund is non-diversified and may invest a greater percentage of its assets in a particular issuer than would a diversified fund. The Fund seeks to invest in approximately 25-50 different companies that meet the Investment Adviser’s prescriptive fundamental criteria.
BBLIX - Performance
Return Ranking - Trailing
| Period | BBLIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 17.1% | -6.1% | 52.5% | 87.64% |
| 1 Yr | 17.5% | -4.9% | 55.1% | 87.91% |
| 3 Yr | 5.8%* | -23.8% | 24.5% | 74.56% |
| 5 Yr | 10.5%* | -15.0% | 30.3% | 91.14% |
| 10 Yr | N/A* | -5.5% | 21.7% | 94.10% |
* Annualized
Return Ranking - Calendar
| Period | BBLIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 23.5% | -74.1% | 72.4% | 79.74% |
| 2022 | -21.7% | -85.9% | 4.7% | 7.04% |
| 2021 | 23.1% | -52.4% | 60.5% | 8.98% |
| 2020 | 11.9% | -34.3% | 145.0% | 93.02% |
| 2019 | N/A | -6.9% | 49.4% | 7.79% |
Total Return Ranking - Trailing
| Period | BBLIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 17.1% | -6.1% | 52.5% | 87.64% |
| 1 Yr | 17.5% | -4.9% | 55.1% | 87.91% |
| 3 Yr | 5.8%* | -23.8% | 24.5% | 74.56% |
| 5 Yr | 10.5%* | -15.0% | 30.3% | 91.14% |
| 10 Yr | N/A* | -5.5% | 21.7% | 97.35% |
* Annualized
Total Return Ranking - Calendar
| Period | BBLIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 23.9% | -4.6% | 72.4% | 89.32% |
| 2022 | -20.6% | -61.7% | 5.6% | 12.51% |
| 2021 | 27.2% | -39.8% | 118.1% | 17.96% |
| 2020 | 12.3% | 2.8% | 149.2% | 98.93% |
| 2019 | N/A | -5.2% | 49.4% | 31.48% |
NAV & Total Return History
BBLIX - Holdings
Concentration Analysis
| BBLIX | Category Low | Category High | BBLIX % Rank | |
|---|---|---|---|---|
| Net Assets | 425 M | 296 K | 317 B | 71.08% |
| Number of Holdings | 24 | 2 | 3061 | 96.28% |
| Net Assets in Top 10 | 252 M | 126 K | 150 B | 67.70% |
| Weighting of Top 10 | 53.82% | 0.7% | 205.0% | 48.32% |
Top 10 Holdings
- ALPHABET INC-CL C 0.00000000 7.09%
- BERKSHIRE HATHAWAY INC-CL A 0.00000000 6.63%
- KLA CORP 0.00000000 5.95%
- MICROSOFT CORP 0.00000000 5.69%
- LINDE PLC 0.00000000 5.29%
- MASTERCARD INC - A 0.00000000 5.19%
- PROGRESSIVE CORP 0.00000000 4.81%
- ORACLE CORP 0.00000000 4.81%
- ARTHUR J GALLAGHER CO 0.00000000 4.30%
- WASTE MANAGEMENT INC 0.00000000 4.07%
Asset Allocation
| Weighting | Return Low | Return High | BBLIX % Rank | |
|---|---|---|---|---|
| Stocks | 93.77% | 0.00% | 123.52% | 98.00% |
| Cash | 6.23% | 0.00% | 173.52% | 2.27% |
| Preferred Stocks | 0.00% | 0.00% | 8.45% | 30.76% |
| Other | 0.00% | -36.56% | 42.58% | 39.38% |
| Convertible Bonds | 0.00% | 0.00% | 1.94% | 20.55% |
| Bonds | 0.00% | 0.00% | 102.71% | 22.78% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | BBLIX % Rank | |
|---|---|---|---|---|
| Financial Services | 26.42% | 0.00% | 43.06% | 1.45% |
| Consumer Cyclical | 16.79% | 0.00% | 62.57% | 41.82% |
| Healthcare | 13.27% | 0.00% | 39.76% | 42.18% |
| Basic Materials | 10.83% | 0.00% | 18.91% | 0.82% |
| Consumer Defense | 10.67% | 0.00% | 25.50% | 3.64% |
| Technology | 8.37% | 0.00% | 65.70% | 98.09% |
| Industrials | 6.93% | 0.00% | 30.65% | 40.91% |
| Communication Services | 6.73% | 0.00% | 66.40% | 82.00% |
| Utilities | 0.00% | 0.00% | 16.07% | 65.45% |
| Real Estate | 0.00% | 0.00% | 16.05% | 73.82% |
| Energy | 0.00% | 0.00% | 41.09% | 77.73% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | BBLIX % Rank | |
|---|---|---|---|---|
| US | 93.77% | 0.00% | 123.52% | 86.57% |
| Non US | 0.00% | 0.00% | 75.46% | 45.01% |
BBLIX - Expenses
Operational Fees
| BBLIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.72% | 0.01% | 28.71% | 71.31% |
| Management Fee | 0.65% | 0.00% | 1.50% | 58.68% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 1.02% | N/A |
Sales Fees
| BBLIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.25% | 8.50% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| BBLIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | 2.00% | 1.00% | 2.00% | 13.04% |
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.
| BBLIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 18.00% | 0.00% | 316.74% | 21.38% |
BBLIX - Distributions
Dividend Yield Analysis
| BBLIX | Category Low | Category High | BBLIX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.34% | 0.00% | 27.58% | 35.60% |
Dividend Distribution Analysis
| BBLIX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annually | Annual | Annual |
Net Income Ratio Analysis
| BBLIX | Category Low | Category High | BBLIX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -0.06% | -6.13% | 3.48% | 29.96% |
Capital Gain Distribution Analysis
| BBLIX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 13, 2024 | $0.053 | OrdinaryDividend |
| Dec 13, 2024 | $0.595 | CapitalGainLongTerm |
| Dec 14, 2023 | $0.039 | OrdinaryDividend |
| Dec 15, 2022 | $0.025 | OrdinaryDividend |
| Dec 15, 2022 | $0.138 | CapitalGainLongTerm |
| Dec 15, 2021 | $0.036 | OrdinaryDividend |
| Dec 15, 2021 | $0.432 | CapitalGainLongTerm |
| Dec 15, 2020 | $0.039 | OrdinaryDividend |
| Dec 16, 2019 | $0.004 | OrdinaryDividend |
BBLIX - Fund Manager Analysis
Managers
Michael Keller
Start Date
Tenure
Tenure Rank
Sep 09, 2019
2.73
2.7%
Mr. Keller has been a co-manager of BBH Core Select since June 2008. Mr. Keller also serves as BBH’s technology analyst. Prior to joining BBH in 2005, he was a senior equity analyst for KeyBanc Capital Markets covering technology and business services. Mr. Keller earned a B.S.E. from Princeton University and is a CFA charterholder.
Nicholas Haffenreffer
Start Date
Tenure
Tenure Rank
Oct 04, 2021
0.65
0.7%
Mr. Haffenreffer began his investment career in 1991. In 2010, Resolute Capital Management, a firm he founded in 1998, joined Torray LLC. He is a member of the investment team and portfolio manager of the TorrayResolute strategies. Prior to founding Resolute, he was the Director of Research for Washington, DC based Farr Miller & Washington, an equity analyst with T. Rowe Price Associates, Inc., where he worked on the Growth Stock Fund and an equity analyst for Select Equity Group, Inc. in New York City. Mr. Haffenreffer received a BA from Brown University in 1990.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.04 | 54.45 | 8.25 | 3.08 |
