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Fixed Income

For more than 80 years, Brown Brothers Harriman (BBH) Investment Management has managed fixed income strategies for public and private institutions, as well as for high-net-worth families. Our fixed income approach can be summarized in one sentence: We purchase durable credits* when they are available at attractive yields. We offer taxable, tax-exempt, and inflation-indexed strategies that are grounded in our unique investment philosophy and valuation methodology, designed to generate attractive long-term returns.

Our investment philosophy is built on the following key insights:

  • Credit valuations across fixed income sectors historically offer compensation in excess of default-driven losses.
  • Credit spreads are more volatile than is justified by their underlying fundamentals, providing a fertile environment for active management.
  • We believe a patient, long-term approach is necessary to deliver peer-leading total returns.

Our strategy focuses on debt issuers in major market sectors, including:

  • Corporate debt
  • Asset-backed securities
  • Commercial mortgage-backed securities
  • Municipal bonds
  • Inflation-indexed securities
  • Federal agencies
  • Agency mortgage-backed securities
  • U.S. Treasuries

Taxable Fixed Income Strategies

Independent credit research designed to uncover exceptional value across fixed income sectors

Tax-Exempt Fixed Income Strategy

Bottom-up credit research designed to uncover strong value in major subsectors of the U.S. municipal bond market

U.S. TIPS Strategy

“Pure Play,” actively managed strategy employed within the inflation-indexed market

*Obligations such as bonds, notes, loans, leases and other forms of indebtedness, except for Cash and Cash Equivalents, issued by obligors other than the U.S. Government and its agencies, totaled at the level of the ultimate obligor or guarantor of the Obligation.

NOT FDIC INSURED   NO BANK GUARANTEE   MAY LOSE VALUE