BBINX Fees and Costs — BBH Intermediate Municipal Bond Fund, Class N
Data updated: 2026-09-25
The net expense ratio is 0.65% (0.70% before fee waivers). There are no sales loads or redemption fees. Portfolio turnover was 187%.
BBINX Fees and Expenses
Annual operating expenses and sales charges of BBINX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.37% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.13% |
| Gross expense ratio | 0.70% |
| Fee waiver | −0.05% |
| Net expense ratio | 0.65% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
BBINX Costs Over Time
On $10,000 invested in BBINX, assuming 5% a year before costs, total costs come to $409 over 5 years, cutting the return by 0.68% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.65%) | $68 | $214 | $372 |
| Lost growth on money paid in costs | $0 | $11 | $37 |
| Total costs | $68 | $224 | $409 |
| Value after costs | $10,432 | $11,352 | $12,353 |
| Impact on return, per year | 0.68% | 0.68% | 0.68% |
BBINX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $11.8B
- Portfolio turnover (prospectus): 187%
- Securities lending: none during the year
BBINX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $2.8B | 26.60% |
| BARCLAYS CAPITAL INC. | $2.2B | 21.43% |
| Citigroup Global Markets Inc. | $1.1B | 11.03% |
| Goldman Sachs & Co, LLC | $799.1M | 7.71% |
| BNY MELLON CAPITAL MARKETS, LLC | $791.4M | 7.63% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $674.5M | 6.51% |
| Wells Fargo Securities LLC | $590.4M | 5.69% |
| PNC CAPITAL MARKETS LLC | $488.8M | 4.71% |
| MORGAN STANLEY & CO. LLC | $454.3M | 4.38% |
| Nomura Holdings Inc. | $446.6M | 4.31% |
BBH Intermediate Municipal Bond Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| BBIIX | Class I | 0.44% | — |
| BBINX | Class N | 0.65% | — |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.