BBMXX Fees and Costs — BBH U.S. Government Money Market Fund, Regular Class
Data updated: 2026-02-27
The net expense ratio is 0.47%: a 0.22% management fee plus 0.25% other expenses. There are no sales loads or redemption fees.
BBMXX Fees and Expenses
Annual operating expenses and sales charges of BBMXX. Prospectus, as of February 29, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.22% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.25% |
| Gross expense ratio | 0.47% |
| Fee waiver | — |
| Net expense ratio | 0.47% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
BBMXX Costs Over Time
On $10,000 invested in BBMXX, assuming 5% a year before costs, total costs come to $297 over 5 years, cutting the return by 0.49% 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 0.47%) | $49 | $155 | $270 |
| Lost growth on money paid in costs | $0 | $8 | $27 |
| Total costs | $49 | $162 | $297 |
| Value after costs | $10,451 | $11,414 | $12,466 |
| Impact on return, per year | 0.49% | 0.49% | 0.49% |
BBMXX 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): $439.8B
- Portfolio turnover (prospectus): —
- Securities lending: none during the year
BBMXX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BROWN BROTHERS HARRIMAN INVESTMENTS, LLC | $186.8B | 42.59% |
| ROYAL BANK OF CANADA | $93.4B | 21.29% |
| National Australia Bank Limited, New York Branch | $93.3B | 21.29% |
| BARCLAYS CAPITAL INC. | $20.5B | 4.68% |
| J.P. MORGAN SECURITIES LLC | $11.6B | 2.65% |
| MORGAN STANLEY & CO. LLC | $11.5B | 2.62% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $8.9B | 2.03% |
| Citigroup Global Markets Inc. | $6.2B | 1.41% |
| Nomura Holdings Inc. | $4.1B | 0.94% |
| BNP Paribas Securities Corp. | $2.2B | 0.49% |
BBH U.S. Government Money Market Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| BBSXX | Institutional Shares | 0.22% | — |
| BBMXX | Regular Class | 0.47% | none |
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.