BBH Limited Duration Fund Class N (BBBMX)

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BBH Limited Duration Fund Class N (BBBMX) is up 1.2% since the beginning of the year. BBBMX is currently trading at $10 per share. Investors who bought $1,000 worth of BBBMX shares 5 years ago would now be looking at an investment worth $1,210.

BBH Limited Duration Fund Class N (BBBMX) has returned 1.23% so far this year and 4.52% over the past 12 months. Over the last ten years, BBBMX has returned 3.34% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since Jul 20, 2000, BBBMX's average daily return is +0.01%, while the average monthly return is +0.27%. At this rate, an investment would double in approximately 21.4 years.

Historically, 77% of months were positive and 23% were negative. The best month was Nov 2008 with a return of +4.0%, while the worst month was Mar 2020 at -4.1%. The longest winning streak lasted 48 consecutive months, and the longest losing streak was 6 months.

On a daily basis, BBBMX closed higher 28% of trading days. The best single day was Dec 22, 2000 with a return of +2.2%, while the worst single day was Mar 21, 2001 at -2.1%.

BBH Limited Duration Fund Class N has an annualized alpha of 3.44%, beta of -0.01, and R2 of 0.01 versus S&P 500 Index. Calculated based on daily prices since July 20, 2000.

• This fund captured 8.56% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -5.81%) - a profile typical of hedging or uncorrelated assets.
• Beta of -0.01 may look defensive, but with R2 of 0.01 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.01 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

BBBMX has an expense ratio of 0.35%, placing it in the medium range.

BBBMX ranks 97 for risk / return — in the top 97% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

BBH Limited Duration Fund Class N provided a 4.53% dividend yield over the last twelve months, with an annual payout of $0.47 per share.

The table displays the monthly dividend distributions for BBH Limited Duration Fund Class N. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the BBH Limited Duration Fund Class N. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the BBH Limited Duration Fund Class N was 6.50%, occurring on Mar 25, 2020. Recovery took 83 trading sessions.

The current BBH Limited Duration Fund Class N drawdown is 0.19%.

The chart below shows the rolling one-month volatility.