BBH Core Select N  BBTEX
  Morningstar Report
Overall Morningstar
Rating™
What is this?
As of 2009-10-31
Out of
Large Blend Funds
Rating derived from a weighted average of the fund's 3, 5, 10-year rating which are based on risk-adjusted performance.
Morningstar®
Style Box™
What is this?
   Large
   Growth
  
  
As of 2009-09-30
Day Change
$ -0.08
  
NAV (2009-11-20)
$ 12.37
  
YTD Return % (2009-11-20)
18.94%
  
Total Assets ($ mil)
250
View Data Definitions
  Performance    
Growth of $10,000 Fund: BBH Core Select N
(from 1999-01-01 to 2009-10-31) Category: Large Blend
Index: S&P 500 TR
Total Annualized Returns % 1yr, 3yr and 5yr Returns as of 2009-11-20
Inception date: 1998-11-02 10yr and Inception Returns as of 2009-10-31
YTD Returns as of 2009-11-20
YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Fund 18.94 42.55 1.92 5.57 -0.38 1.92
+/- Category 0.29 30.69 8.70 5.08 -0.32 ---
+/- S&P 500 TR -4.58 -6.25 7.82 4.89 --- ---
Standardized Annual Returns %   more on standardized returns
Quarter-End (as of 2009-09-30) 15.87 -3.92 2.59 5.93 0.31 2.03
Month-End (as of 2009-10-31) 14.71 12.34 1.04 5.56 -0.38 1.92
After Tax Returns % (as of 2009-09-30 )  
On Distribution --- 12.13 0.91 5.43 -0.47 ---
On Distribution & Sale of Shares --- 8.14 0.82 4.73 -0.37 ---
Morningstar Rating --- --- ---
# of compared funds covered (3 yrs : out of 1694 funds), (5 yrs : out of 1352 funds), (10 yrs : out of 681 funds). Ratings are based on risk-adjusted performance. The maximum initial sales fee is none, the maximum deferred sales fee is none, and the maximum redemption sales fee is 2.00%.
The performance quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate thus an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted herein.
  Portfolio Profile    
Sector Breakdown %
Information 19.52
Software 7.92
Hardware 3.20
Media 8.39
Telecommunications 0.00
Service 44.59
Healthcare 6.58
Consumer Services 21.53
Business Services 2.26
Financial Services 14.22
Manufacturing 35.89
Consumer Goods 19.87
Industrial Materials 9.06
Energy 6.96
Utilities 0.00
Asset Allocation
% of Net Assets
Cash 7.7
Stocks 91.0
Bonds 0.0
Other 1.3
Foreign Stocks 14.6
(as a % of Assets)
Data through 2009-09-30 Data through 2009-09-30
 
Holding Status
Total Number of Stock Holdings 28 Turnover % 31
Total Number of Bond Holdings 0 30 Day SEC Yield % 0.00
% of Assets in Top 10 Holdings 42.28 ending as of 2009-09-30
View Data Definitions
Top 10 Holdings Sector P/E YTD
Return %		 % of Net
Assets
Berkshire Hathaway Inc. A 29.94 6.88 5.95
Nestle SA ADR 8.73 20.62 5.04
Waste Management, Inc. 15.13 0.09 5.02
Microsoft Corporation 10.42 55.04 3.94
Wal-Mart Stores, Inc. 16.37 -1.72 3.89
Chubb Corporation 10.36 0.18 3.87
Comcast Corporation A 19.65 -9.51 3.76
W.W. Grainger, Inc. 13.05 25.49 3.73
Walgreen Company 11.63 59.99 3.56
Occidental Petroleum Corporation 7.20 34.97 3.52
Data through 2009-09-30
YTD Return through 2009-11-20
  Other Information
Fund Inception: 1998-11-02
Portfolio Manager  (Start Date)
Timothy E. Hartch  (2005-10-01)
Hartch joined BBH in 1996. Since February 2001 he has also been the co-manager of 1818 Partners, L.P., an investment partnership focused on publicly traded, small-cap companies that provide essential products and services. Prior to the formation of 1818 Partners, Hartch worked in BBH’s mergers and acquisitions and private equity investment businesses.
Richard H. Witmer  (2005-10-01)
Witmer joined BBH in 1976 and became a partner in 1988. Prior to the formation of 1818 Partners, Witmer headed BBH's mergers and acquisitions practice and led two successful private equity investments in the cable sector.
Michael R Keller  (2008-10-28)
Keller is a Vice President of Brown Brothers Harriman with 9 years of investment experience. He joined Brown Brothers Harriman in 2005.
Sales Charge %
(taken from prospectus dated 2009-02-28)
Front: None
Deferred: None
Expense Ratio % 1.16
based on net assets
(taken from annual report dated 2008-10-31)
Correspondence Information
40 Water Street

Boston,  MA  02109
USA
Telephone:
800-625-5759
Data on this page does not include the fund's short positions (if any).
Show Data Definitions

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Past performance is no guarantee of future results.
Returns will vary and shares may be worth more or less than their original cost when sold.