BBH Intermediate Municipal Bond Fund (BBIIX)
The investment seeks to protect investor's capital and generate attractive risk-adjusted returns. Under normal circumstances, the fund will invest at least 80% of its net assets, plus any borrowings for investment purposes, in municipal bonds that pay interest that is generally excludable from gross income for federal income tax purposes (except that the interest paid by certain municipal securities may be includable in taxable income for purposes of the federal alternative minimum tax).
Fund Info
| ISIN | US05528C8249 |
|---|---|
| CUSIP | 05528C824 |
| Issuer | BBH |
| Inception Date | Mar 31, 2014 |
| Category | Municipal Bonds |
| Min. Investment | $50,000 |
| Asset Class | Bond |
Expense Ratio
BBIIX has a high expense ratio of 0.46%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in BBH Intermediate Municipal Bond Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
BBH Intermediate Municipal Bond Fund had a return of -0.66% year-to-date (YTD) and 2.90% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | -0.66% | 6.17% |
| 1 month | -0.49% | -2.72% |
| 6 months | 5.54% | 17.29% |
| 1 year | 2.90% | 23.80% |
| 5 years (annualized) | 1.18% | 11.47% |
| 10 years (annualized) | N/A | 10.41% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.09% | 0.19% | 0.21% | -1.07% | ||||||||
| 2023 | -0.62% | 4.83% | 2.18% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of BBIIX is 45, suggesting that the investment has average results relative to the market in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
BBH Intermediate Municipal Bond Fund(BBIIX)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for BBH Intermediate Municipal Bond Fund (BBIIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
BBH Intermediate Municipal Bond Fund granted a 3.12% dividend yield in the last twelve months. The annual payout for that period amounted to $0.32 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.32 | $0.32 | $0.00 | $0.15 | $0.20 | $0.27 | $0.23 | $0.38 | $0.34 | $0.21 | $0.19 |
Dividend yield | 3.12% | 3.10% | 0.02% | 1.35% | 1.80% | 2.56% | 2.19% | 3.64% | 3.31% | 2.00% | 1.86% |
Monthly Dividends
The table displays the monthly dividend distributions for BBH Intermediate Municipal Bond Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.03 | $0.03 | $0.03 | $0.00 | ||||||||
| 2023 | $0.02 | $0.02 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2021 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 |
| 2020 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.03 |
| 2019 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.07 |
| 2018 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.03 |
| 2017 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.06 | $0.04 | $0.02 | $0.12 |
| 2016 | $0.02 | $0.01 | $0.02 | $0.02 | $0.01 | $0.01 | $0.02 | $0.01 | $0.01 | $0.02 | $0.01 | $0.16 |
| 2015 | $0.02 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.05 |
| 2014 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.10 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the BBH Intermediate Municipal Bond Fund. 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 Intermediate Municipal Bond Fund was 12.24%, occurring on Oct 25, 2022. The portfolio has not yet recovered.
The current BBH Intermediate Municipal Bond Fund drawdown is 3.57%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -12.24% | Aug 5, 2021 | 309 | Oct 25, 2022 | — | — | — |
| -10.53% | Mar 10, 2020 | 9 | Mar 20, 2020 | 82 | Jul 17, 2020 | 91 |
| -3.56% | Aug 30, 2016 | 66 | Dec 1, 2016 | 118 | May 23, 2017 | 184 |
| -1.95% | Feb 3, 2015 | 86 | Jun 5, 2015 | 97 | Oct 22, 2015 | 183 |
| -1.63% | Nov 9, 2017 | 90 | Mar 21, 2018 | 79 | Jul 13, 2018 | 169 |
Volatility
Volatility Chart
The current BBH Intermediate Municipal Bond Fund volatility is 0.44%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.