We seek to achieve superior results by identifying attractively priced securities within the investment grade fixed income market.  As value investors, we insist on a margin of safety in every purchase that we make on behalf of our clients.

At BBH, we do not seek to match the composition of the benchmark.  We build our portfolios by allocating capital to what we believe to be the most attractive opportunities in the core/intermediate market.  When attractive valuations are not available, we will maintain cash, Treasuries or other liquid reserves.

A typical Core/Intermediate portfolio at BBH will hold 80-100 securities in major sectors of the U.S. fixed income market including:

  • U.S. Treasuries
  • Federal agencies
  • Investment grade corporate debt
  • Asset-backed securities
  • Mortgage-backed securities
  • Municipal bonds
  • Inflation-indexed securities

 

Learn more about the Core Investment Process

Interested to learn more?  Meet our Fixed Income Investment team