Boston, MA, March 11, 2021 – Brown Brothers Harriman & Co. (BBH), is pleased to announce that the BBH Intermediate Municipal Bond Fund (Class I) was named the Best Intermediate Municipal Debt Fund over five years by Refinitiv Lipper, for the period ended December 31, 2020. The Fund was assessed against 55 other funds in this category. The Refinitiv Lipper Fund Awards are given out annually and highlight funds and fund companies that have excelled in delivering consistently strong risk-adjusted performance relative to their peers.
BBH Intermediate Municipal Bond Fund seeks to protect investors’ capital and generate attractive risk-adjusted returns through market cycles by combining thorough, independent credit research and a unique valuation discipline to identify undervalued municipal securities. BBH invests bottom-up and seek to own a limited number of durable credits that offer attractive yields.
“We are flattered to receive this award, and very proud of the results we have achieved for shareholders over the past five years,” said Greg Steier, Managing Director and Portfolio Manager for the BBH Intermediate Municipal Bond Fund. “This past year was a process reaffirming period for our approach to fixed income investing. Receiving this award is tremendous recognition of the results of the consistent application of our process.”
“This year, the Refinitiv Lipper Fund Awards recognize the steadfast resolve of award-winning managers and firms who successfully navigated one of the sharpest market downturns and recoveries on record, enabling investors to maintain a level of economic confidence against a backdrop of uncertainty. In a year that endured the impacts of an unprecedented global humanitarian crisis, in which markets reflected investors’ emotions of shock and optimism, there was a degree of solace in having one’s financial fortunes overseen by the stewardship of professional money managers,” said Robert Jenkins, Head of Research, Lipper, Refintiv. “We congratulate the 2021 Refinitiv Lipper Fund Award winners and wish Brown Brothers Harriman continued success.”
About Brown Brothers Harriman
BBH is a privately held financial institution that has been a thought leader and solutions provider for over 200 years. The firm serves individuals, families, businesses and institutions in its three business lines: Private Banking, Investment Management, 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 operates its global business out of seventeen offices located in New York, Beijing, Boston, Charlotte, Chicago, Dublin, Grand Cayman, Hong Kong, Jersey City, Kraków, London, Luxembourg, Nashville, Philadelphia, Tokyo, Wilmington and Zürich. For more information, please visit www.bbh.com.
BBH is a registered service mark of Brown Brothers Harriman & Co. in the United States and other countries.
Refinitiv Lipper Fund Awards, ©2021 Refinitiv. All rights reserved. Used under license.
Risks
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. Income from municipal bonds may be subject to state and local taxes and at times the alternative minimum tax. There is no assurance that this investment objective will be achieved.
For more complete information, visit www.bbhfunds.com for a current Fund 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.
The Refinitiv Lipper Fund Awards, granted annually, highlight funds and fund companies that have excelled in delivering consistently strong risk-adjusted performance relative to their peers. The Refinitiv Lipper Fund Awards are based on the Lipper Leader for Consistent Return rating, which is a risk-adjusted performance measure calculated over 36, 60 and 120 months. The fund with the highest Lipper Leader for Consistent Return (Effective Return) value in each eligible classification wins the Refinitiv Lipper Fund Award. For more information, see lipperfundawards.com. Although Refinitiv Lipper makes reasonable efforts to ensure the accuracy and reliability of the data contained herein, the accuracy is not guaranteed by Refinitiv Lipper. The BBH Intermediate Municipal Bond Fund (Class I) competed with 55 portfolios in the Intermediate Municipal Debt Funds category for the five-year period ending 12/31/2020. Lipper Fund Awards are based on the Institutional Class shares. Other share classes may have different performance characteristics. Past performance does not guarantee future results.
Shares of the Fund are distributed by ALPS Distributors, Inc. and is located at 1290 Broadway, Suite 1000, Denver, CO 80203. Other products are offered by Brown Brothers Harriman.
Brown Brothers Harriman & Co. ("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. BBH acts as the Fund Administrator and is located at 140 Broadway, New York, NY 10005
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