Brown Brothers Harriman & Co. (“BBH”) will mark the fifth anniversary of the BBH Income Fund (the ‘Fund”, ticker BBNIX) on June 27^th. The Fund carries an Overall Morningstar Rating of Five stars and is managed by Andrew Hofer, Neil Hohmann, PhD, and Paul Kunz, CFA.

Overall Morningstar ratings are based on risk-adjusted returns. There are 552 funds in the Intermediate Core-Plus Bond category as of 05/31/2023. Past performance is not indicative of future returns.

The BBH Income Fund seeks to provide maximum total return, consistent with preservation of capital and prudent investment management. The Fund aims to deliver strong returns through market cycles for investors seeking broad exposure to the U.S. fixed income markets.

BBH’s fixed income team employs an active management approach, building portfolios bottom-up and seeking undervalued credits that are durable, transparent, well-managed, and appropriately structured, and which provide attractive yields.

“All of our success is a team effort, delivered by terrific people and a bottom-up process. Our long-standing and diverse team, operating within strong credit and valuation criteria, has built an outstanding five-year track record in the Fund,” said Andrew Hofer.

“We are absolutely thrilled with the job that Andrew, Neil, Paul and the entire fixed income team have done for investors in the Fund over the past five years. Their credit analysis and valuation discipline are the foundation upon which they have delivered exceptional results,” said JP Paquin, Head of Investment Management.

For the latest insight to the BBH Income Fund performance, please click here.

For more information about the Fund, please visit https://www.bbhfunds.com/us/en.html

About Brown Brothers Harriman

BBH is an independent, global financial services firm founded in 1818 and headquartered in New York City. It counts among its clients institutions, privately-held companies, families, and wealthy individuals which it serves through its three business lines: Investor Services, Investment Management and Private Banking. The firm is known for its exceptional client service and specialist expertise.

BBH, including BBH Investor Services, operates in over 90 markets worldwide from 17 offices. BBH employs approximately 6,000 professionals. For more information about BBH, please visit ww.bbh.com.

Risks

Investors in the Fund should be able to withstand short-term fluctuations in the fixed income markets in return for potentially higher returns over the long term. The value of portfolios changes every day and can be affected by changes in interest rates, general market conditions and other political, social and economic developments.

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. Bond prices are sensitive to changes in interest rates and a rise in interest rates can cause a decline in their prices.

For more complete information, visit www.bbhfunds.com or contact your investment professional for prospectuses. 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.

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.

© 2023 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. The Morningstar Rating™ for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 126 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. The BBH Income Fund was rated against the 552 funds in the Intermediate Core-Plus Bond category for the Overall and three-year time periods ending 05/31/2023. The BBH Income Fund (Class I), received an Overall Morningstar Rating of 5 stars and a three-year rating of 5 stars.

Not FDIC Insured No Bank Guarantee May Lose Money

IM-12993-2023-06-21 BBH003748 Expiration 07/31/2024

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